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Top 50 Startup Investors in Latvia (June 2026)

The most active venture capital funds and angel investors investing in Latvia startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Imprimatur Capital Fund Management
VC Fund
59 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
Expansion Capital
VC Fund
27 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Logistics, Transportation $125k–$713k
ZGI Capital
VC Fund
23 Latvia, Estonia Seed, Debt Financing Manufacturing, Machinery Manufacturing, Retail $55k–$981k
FlyCap
VC Fund
17 Latvia, Estonia, The Netherlands Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
Change Ventures
VC Fund
7 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$33M
Uldis Sipols
Angel
4 Latvia Seed, Angel, Pre-Seed CAD, Software, Simulation $50k–$192k
Open Circle Capital
VC Fund
4 Lithuania, United States, Canada Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $206k–$7.2M
EstBAN
VC Fund
4 Estonia, Lithuania, Latvia Seed, Pre-Seed, Angel Software, Information Technology, Manufacturing $197k–$2.6M
The Untitled Venture Company
VC Fund
4 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note SaaS, Software, Information Technology $100k–$1.6M
Superangel
VC Fund
3 Estonia, United States, Finland Seed, Pre-Seed, Series A Artificial Intelligence, Software, Information Technology $165k–$20M
EIT Urban Mobility
VC Fund
3 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
Practica Capital
VC Fund
3 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A B2B, Software, Information Technology $219k–$25M
Sverre Bisgaard
Angel
3 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
New Nordic Ventures
VC Fund
3 Latvia, Estonia, Georgia Pre-Seed, Seed Software, Computer Vision, Machine Learning $165k–$1.1M
Taavi Tamkivi
Angel
3 Estonia, Latvia, United Kingdom Seed, Angel, Pre-Seed Software, Financial Services, AgTech $111k–$2.1M
BADideas.fund
VC Fund
3 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $340k–$4.6M
BaltCap
VC Fund
3 Latvia, Lithuania, United States Seed, Series A, Series B Mobile, Information Technology, Apps $127k–$1.3M
Superhero Capital
VC Fund
3 Finland, Lithuania, Estonia Seed, Pre-Seed Software, Information Technology, Internet $212k–$3.1M
Karma Ventures
VC Fund
2 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, FinTech $549k–$30M
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Base Ventures
VC Fund
2 United States, South Korea, Canada Seed, Series A Software, Mobile, E-Commerce $346k–$24M
Povilas Urbonas
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Radix Ventures
VC Fund
2 Poland, Latvia Seed, Venture - Series Unknown, Series B Manufacturing, Biotechnology, Nanotechnology $2.6M–$7.7M
Almaz Capital
VC Fund
2 United States, Russian Federation, Germany Series A, Seed, Series B Software, Mobile, Internet $1.1M–$58M
KENDRIS Capital
VC Fund
2 Latvia Seed, Venture - Series Unknown Nanotechnology, CleanTech, Manufacturing
Baltic Tech Ventures
VC Fund
2 Latvia, Lithuania Seed, Pre-Seed Software, Information Technology, Apps
Impact Ventures Hungary
VC Fund
2 Hungary, Spain, Italy Seed, Pre-Seed Software, Agriculture, Health Care $878k–$4.6M
SEB Latvija
VC Fund
2 Latvia Debt Financing, Grant Handmade, Military, Robotics $12k–$155M
HansaMatrix
VC Fund
2
Mistletoe
VC Fund
2 Japan, United States, India Seed, Series A Information Technology, Software, Mobile $709k–$57M
J12
VC Fund
2 Sweden, Germany, Norway Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $420k–$65M
Black Pearls VC
VC Fund
2 Poland, United States, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, FinTech $60k–$2.4M
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Biotechnology $27k–$2.2M
Inovo.vc
VC Fund
2 Poland, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $300k–$23M
Abingworth
VC Fund
2 United States, United Kingdom, France Series B, Series A, Series C Biotechnology, Health Care, Pharmaceutical $14M–$120M
Inventure
VC Fund
2 Finland, Sweden, United States Seed, Series A, Series B Software, Information Technology, Health Care $549k–$23M
Capitalia
VC Fund
2 Latvia, Sweden, Lithuania Seed, Debt Financing Software, CAD, Apps $329k–$8.3M
Qiming Venture Partners USA
VC Fund
2 United States, Canada, China Series A, Series B, Seed Biotechnology, Health Care, Pharmaceutical $6M–$116M
Indrikis Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Lauris Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Nicolai Torgersen
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Ragnar Sass
Angel
2 Estonia, Ukraine, United States Seed, Pre-Seed Information Technology, Software, SaaS $110k–$6M
Elar Nellis
Angel
1 Latvia, Estonia, United States Seed, Angel, Pre-Seed Software, CAD, SaaS
Maksim Zakurdaev
Angel
1 Latvia Angel CAD, Software, Simulation
Miko Malberg
Angel
1 Latvia Angel CAD, Software, Simulation
Louis Paulsen
Angel
1 Latvia Angel CAD, Software, Simulation
Lev Dolgatsjov
Angel
1 Latvia Angel CAD, Software, Simulation
Angel Parn
Angel
1 Latvia Angel CAD, Software, Simulation
Vesna Investment
VC Fund
1 Latvia EdTech, Internet, Education
ASP Asset Management
VC Fund
1 Latvia Pre-Seed Information Technology, Industrial Manufacturing
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 59 investments in Latvia startups

Imprimatur Capital Fund Management is a venture capital firm focusing on high-technology at an early stage in its commercial development. We invest in start-up technology businesses which are based on innovative intellectual property, are led by strong teams and have high international growth potential.Imprimatur Capital Fund Management, based inLatvia, manages seed and start-up funds with investors including the Latvian Guarantee Agency, other institutional investors and some private investors. The company source investment opportunities primarily from the Baltic/Nordic/Russia region.Imprimatur Capital Fund Management is a partner firm of Imprimatur Capital Ltd, headquartered in London and with investment operations in Europe, Russia, Asia Pacific, Latin America and the US.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 81
  • Round size: Seed $131k–$549k; Debt Financing $63k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2010

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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Expansion Capital
VC Fund · Riga, Riga, Latvia · 27 investments in Latvia startups

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.

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Investment focus

  • Industry: Manufacturing, Logistics, Transportation
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 40
  • Round size: Seed $200k–$713k; Debt Financing $125k–$246k
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 23 investments in Latvia startups

ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up toEUR 30M. The fund acts on behalf of various investors including the State.

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Investment focus

  • Industry: Manufacturing, Machinery Manufacturing, Retail
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $55k–$896k; Debt Financing $110k–$981k
  • Lead/follow: 92% lead, 8% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • eAgronom — We enable companies to achieve their sustainability goals while supporting farmers in generating additional revenue, improving soil quality, and accessing better financing.
  • KOOL Latvija — "KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.
  • Bioreactors.net — Biotechnical center is an innovative company and we provide solutions for industrial biotechnology processes, bioreactor manufacturing and industrial automation. We manufacture bioreactors for laboratory, pilot and industrial scale.
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FlyCap
VC Fund · Riga, Riga, Latvia · 17 investments in Latvia startups

FlyCap AIF is a Venture Capital Fund of total size of 15.75 MEUR. The Fund provides growth capital for Latvia based SME’s in a form of investments in equity and mezzanine capital.

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Investment focus

  • Industry: Health Care, Rental, Medical
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia, The Netherlands

Investor stats

  • Total investments: 29
  • Round size: Seed $55k–$2.9M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $18M in 2013

Portfolio highlights

  • Tapcore — Tapcore is the only solution on the market that enables mobile developers to monetize pirated copies of their apps through advertising. Established in 2015, we are a remote company with headquarters in the Netherlands. Currently we serve over 150 million ad requests daily (and counting!).
  • Purified — Purified is a nutritional supplement supplier.. It offers black chocolate produced by the best doctors in collaboration with scientists.
  • Elmo — In our mobility-focused operations, we wanted to optimize business and decrease environmental impact, so we created remote control technology to deliver cars.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 7 investments in Latvia startups

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 64
  • Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Eurora — Eurora develops an e-commerce suite of customs compliance tools.
  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
  • RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.
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Uldis Sipols
Angel · 4 investments in Latvia startups

Uldis Sipols

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Open Circle Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 4 investments in Latvia startups

Our Investment FocusWe are interested in technology companies in the fields of ICT, robotics and high-tech. We favor teams of professionals comprised or led by serial entrepreneurs with past growth, fundraising and/or exiting experience. We are looking for product building companies that would be high-potential, fast-growth, and ready toconquer foreign markets. Best time to talk us is just after first revenues in the company.Our investment approach1. It all starts with a conversation where we learn about you and your ambition. 2. In the space of few meetings we are targeting to decide whether to look further. 3. We'll discuss particular terms, ask for more information, and analyse further. 4. The legal part - we know everyone loves it, and, finally, we join your venture.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United States, Canada

Investor stats

  • Total investments: 36
  • Round size: Seed $206k–$1.8M; Pre-Seed $212k–$1M; Series A $5M–$7.2M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Ars Ingenii — Ars Ingenii presents a groundbreaking logistics and fulfillment platform, powered by in-house developed hardware and software technologies. That includes patented robotized material handling solutions such as Micro Distribution Centers and advanced fulfillment center automation tailored specifically for efficient e-commerce logistics. By seamlesslyintegrating technologies, we streamline e-commerce logistics, ensuring swift delivery from the origin to the consumer's doorstep.
  • Frontu — Field service management software designed to simplify business operations. Learn how FSM can transform your field service company. Try now!
  • Smart Vision — Smart Vision is based in Riga, Latvia. It is an online e-commerce store that sells eye protection lenses, glasses, and sunglasses for men and women, as well as providing delivery services.
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EstBAN
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Latvia startups

More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be

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Investment focus

  • Industry: Software, Information Technology, Manufacturing
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Estonia, Lithuania, Latvia

Investor stats

  • Total investments: 16
  • Round size: Seed $600k–$2.6M; Angel $212k–$1M; Pre-Seed $197k–$1.2M
  • Lead/follow: 44% lead, 56% follow

Portfolio highlights

  • Jeff — Jeff is a personalized loan broker that matches borrowers and lenders through alternative data. Jeff's mission is to help the unbanked to access financial services. In the absence of credit history and bank transactions, Jeff gathers alternative data from sources like smartphones, social media, behavioral patterns, geolocation, and other typesof digital footprint.Jeff then puts this information to good use and find ways on how alternative data points can prove creditworthiness and build trust, building new ways of accessing financing and evolving an alternative credit score.The company was founded in 2019 and is located in Riga, Latvia.
  • BrachyDOSE — BrachyDOSE - is a med-tech startup dedicated to solve radiation injuries that occur during the brachytherapy procedure. Our team consists of engineers and physicists experience in scientific research.
  • MarkeDroid — MarkeDroid is Energy Orchestration Platform that helps installers and siteowners profit from turning traditional energy systems into AI-powered solutions.
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The Untitled Venture Company
VC Fund · San Francisco, California, United States · 4 investments in Latvia startups

the Untitled Ventures is an early growth stage fund specializing in deep tech from Eastern Europe. Find out how we develop innovative startups into international businesses.

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Investment focus

  • Industry: SaaS, Software, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 23
  • Round size: Seed $125k–$1.6M; Pre-Seed $150k–$600k; Convertible Note $100k–$790k
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $100M in 2021

Portfolio highlights

  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • VAMA — VAMA is a one-stop virtual platform that provides easy access to e-pujas, e-darshans, and astrology services, to devotees from across India and the world.
  • Wizart — Wizart Home Visualizer helps customers all over the world to choose and visualize finishing materials. Digital tools that boost your sales of finishing materials online and help your clients make decisions quickly
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Superangel
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia startups

Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 76
  • Round size: Seed $767k–$6.6M; Pre-Seed $165k–$2.2M; Series A $5.3M–$20M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $35M in 2022

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • ROCSYS — Meet the world's first autonomous charging solution for electrical vehicles in public transportation, logistics, material handling, and passenger cars.
  • ZITICITY — Juragan69 adalah venue slot demo yang dipilih untuk final oleh para juragan di Indonesia karena memiliki fasilitas permainan slot yang lengkap serta pelayanan super ramah dari para customer service di situs ini.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
EIT Urban Mobility
VC Fund · Barcelona, Catalonia, Spain · 3 investments in Latvia startups

EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union. Europe’s leading community for impact-driven start-ups and scale-ups in urban mobilityWe want to move cities toward a more sustainable future by partnering up with start-ups and scale-ups like yours. Our Impact Venturesdivision gives you access to funding and support channels to deliver financial, environmental and social impact on the urban landscapes around us. Our tools are: Funding through grants and equity investments, Knowledge and training through partner-led programmes, networking and introductions through dedicated support to our equity portfolio companiesOur investments provide you with a boost on your growth journey, and our network connects you with the right stakeholders in the public policy sector — on a regional, national and European-wide scale — to put your company on the map and bring your urban mobility services to the people who need it the most.If you’re like us and have a drive to shape the cities of our future, join our community of engaged and esteemed impactful ventures by applying for one of the many different programs we offer.

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Investment focus

  • Industry: Software, Transportation, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain, Sweden, France

Investor stats

  • Total investments: 56
  • Lead/follow: no public data

Portfolio highlights

  • Smart Point — We are entering the age of convenience and immediacy. A Smart Point automates the reception of any product you shop online, and any service available in your city, from pharmaceuticals, to flowers and dry cleaning. All delivered in 1 hour and available to pick up at your convenience.
  • Parabol — As Parabol, we use our innovative power for smart mobility systems and traffic safety all over the world.
  • Fastlane — Discover seamless logistics control with our cutting-edge transport management software. Streamline operations, optimize routes, and enhance efficiency effortlessly. Try our solution for comprehensive control today!
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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 3 investments in Latvia startups

Practica Capital

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Investment focus

  • Industry: B2B, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United Kingdom, United States

Investor stats

  • Total investments: 116
  • Round size: Seed $219k–$3.3M; Pre-Seed $334k–$2.4M; Series A $2.2M–$25M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $85M in 2022

Portfolio highlights

  • Creem — Creem provides Indie Hackers, Micro-SaaS and SaaS businesses with instant financial tools and functionality. As a Merchant of Record our pre-integrated embeddable components tap your existing data, boosting revenue effortlessly. No costs—pure growth potential for your business.
  • Handwave — Handwave is the world’s first biometric wallet and identity platform — replacing wallets, phones, and IDs with a single gesture for in-store payments. Designed for retail, meant for people. End users can easily onboard their palms through the Handwave app by scanning their palm with the phone camera, linking payment and loyalty cards, and thenenjoy frictionless checkout at retail by simply scanning their palm at a payment terminal.
  • Outcraft AI — Outcraft AI develops autonomous revenue agents that convert, retain and grow customers across voice, SMS, email and messaging.
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Sverre Bisgaard
Angel · Oslo, Oslo, Norway · 3 investments in Latvia startups

Has built up and been the leader of Kongsberg Norspace in Horten, Norway and its predecessors over a period of more than 30 years, starting with AME space division in 1984. AME Space AS, a separate company created in 1986, became Alcatel Space Norway (ASN) in 1989 after an MBO in 1988. As MD lead ASN to an international leading position, developingand manufacturing satellite electronic products for satellite manufacturers world-wide, growing the company from 15 to 130 employees and sales exceeding 20 million Euros. Started Norspace, who took over the business of ASN when Alcatel closed ASN in 2003 following the satellite industry downturn in 2001-2002. After another successful build-up of Norspace over eight straight profitable years sold the company to Kongsberg in 2011. Retired from the position of CEO of Kongsberg Norspace end of March 2015.Kongsberg Norspace products are now (2015) found in over 200 satellites, mostly used for telecommunications.Presently engaged as board chairman, board member and investor in various companies.

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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New Nordic Ventures
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia startups

NNV is a seed stage VC fund. We invest in B2B startups from CEE and CIS region and help them to expand internationally

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Investment focus

  • Industry: Software, Computer Vision, Machine Learning
  • Stage:Pre-Seed, Seed
  • Geography: Latvia, Estonia, Georgia

Investor stats

  • Total investments: 10
  • Round size: Seed $219k–$1.1M; Pre-Seed $165k–$600k
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • OHMYSYNT — AI-powered tool for businesses and creators, that alters videos in seconds using text prompts.
  • DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
  • Rapid Delivery Analytics — Digital shelf analytics for mobile-first grocery and convenience deliveries. Track pricing, visibility, availability, promotions, and competitor performance across rapid delivery platforms.
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Taavi Tamkivi
Angel · Tallinn, Harjumaa, Estonia · 3 investments in Latvia startups

Taavi Tamkivi was Helping in Banks & FinTechs fight FinCrime. also a Founder & CEO at Salv .

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Investment focus

  • Industry: Software, Financial Services, AgTech
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Estonia, Latvia, United Kingdom

Investor stats

  • Total investments: 10
  • Round size: Seed $371k–$1.3M; Angel $111k–$1M; Pre-Seed $191k–$2.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • GIG-A — Open a bank account in Japan from your mobile with GIG-A. Receive salary, manage everyday spending, or transfer money with ease.
  • Introwise — Introwise makes it easy for everyday experts to offer coaching and advice online.
  • Lightyear — Lightyear is a simple and approachable way to invest your money globally without unnecessary barriers and fees.
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BADideas.fund
VC Fund · 3 investments in Latvia startups

BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 27
  • Round size: Seed $1M–$4.6M; Pre-Seed $340k–$1.2M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Tapaya — Tapaya is a fintech infrastructure company that provides payment acceptance software designed to turn any device into a payment terminal.
  • Leya AI — Supercharging your English confidence is simple. Leya AI can help as your personal coach to make you confident faster! Just 10 minutes everyday and you'll learn English in no time.
  • Salesforge — Salesforge is an all-in-one sales execution super app that gives every sales team the highest probability to hit their target by tackling email deliverability and the need to personalize cold email outreach at scale.We do that by enabling real-time AI & machine learning to decision critical sales activities, enhance messaging and eliminatethe need for various sales point solutions, therefore driving superior conversion rates.
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BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia startups

BaltCap is a private equity and venture capital investor in the Baltic states of Estonia, Latvia and Lithuania focusing investment on the growth and realization of small and medium enterprises.

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Investment focus

  • Industry: Mobile, Information Technology, Apps
  • Stage:Seed, Series A, Series B
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $127k–$1.3M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • UPRENT — UPRENT is a pumping system rental provider which are accompanied with trench shoring systems and power generators. The company serves customers with effective products which enable to get the job done in the shortest time and with lowest energy costs. It guarantees a high level of customer satisfaction by maintaining a constant communication withcustomers, managing customer satisfaction measurement, identifying customer complaints and needs, and assuring appropriate service according to customer needs and requirements.UPRENT was founded on 2013 and is headquartered in Riga, Latvia.
  • TrueCare24 — Care professionals and services for home and business.
  • Lightspace Labs — Seeing is believing
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Latvia startups

Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 93
  • Round size: Seed $212k–$3.1M; Pre-Seed $618k–$1.8M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • eMabler — We accelerate our customers' business growth by convenience in eMobility with our API-first platform
  • Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
  • Pricen — Pricen is an AI-driven dynamic pricing platform for retail and e-commerce. Used in over 32 countries, Pricen helps retail and e-commerce businesses to maximize profitability with an AI-driven pricing solution that intelligently optimizes product prices at every stage, from launch to markdown. The platform integrates seamlessly with your ERP, PIMand major e-commerce ecosystems.AI-Driven Pricing Pricing Simulator Pricing Automation Pricing Management Platfom
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Latvia startups

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 49
  • Round size: Seed $549k–$4.4M; Series A $4.4M–$16M; Series B $2.8M–$30M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $106M in 2021

Portfolio highlights

  • Minut — Minut keeps your home safe and your neighbors happy while respecting your guests' privacy. Monitor noise and occupancy, secure your home, and enhance guest experience. Only Minut gives you the full insight you need to protect your homes, all in one single sensor.
  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
  • Commsignia — Trust for the road ahead.
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Latvia startups, 75 in the past 12 months

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 1482
  • Lead/follow: no public data

Portfolio highlights

  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
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Base Ventures
VC Fund · Berkeley, California, United States · 2 investments in Latvia startups

We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea.

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Investment focus

  • Industry: Software, Mobile, E-Commerce
  • Stage:Seed, Series A
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 116
  • Round size: Seed $346k–$7M; Series A $1.2M–$24M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Rebodis — Ribodi’s goal is to empower clothing with intelligence by seamlessly integrating robotics and smart technologies into everyday apparel, enabling robotized garments to become a practical, accessible, and trusted fixture in everyone’s wardrobe.
  • Vivadios — Vivadios’s mission is to build 10x Christian apps that transform the way people engage with the Bible and practice their faith daily, using innovative technology to make Bible learning more accessible, interactive, and meaningful.
  • Index Robotics — Index Robotics is a startup developing upper-body humanoid robots based on high-precision actuator technology .
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Povilas Urbonas
Angel · Odense, Syddanmark, Denmark · 2 investments in Latvia startups

Povilas Urbonas

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Radix Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Latvia startups

Established in 2024 by experienced entrepreneurs and tech investors we are on the mission to empower deep tech innovators across Europe.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Nanotechnology
  • Stage:Seed, Venture - Series Unknown, Series B
  • Geography: Poland, Latvia

Investor stats

  • Total investments: 5
  • Round size: Seed $2.6M–$7.7M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Fresh Inset — Fresh Inset Vision is to save the fresh produce resources by delivering efficient and seamless Vidre+ technology to preserve product freshness throughout the supply chain from packer/shipper to end user
  • Proteine Resources — We want to revolutionize the feed and food market, build robotic factories, process bio-waste in high-quality protein, fat and fertilizer insects.
  • Fluence.technology — Fluence is an ultrafast fiber laser manufacturer, with the unique all-fiber technology that ensures unprecedented stability of their femtosecond lasers.
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Almaz Capital
VC Fund · Portola Valley, California, United States · 2 investments in Latvia startups

Almaz Capital is an international venture capital firm investing in early stage, capital efficient technology companies. A unique bridge fund headquartered in Silicon Valley, Almaz Capital connects Eastern European/former Soviet engineering and entrepreneurial talent to the U.S. market and helps build global businesses. The firm invests inhigh-growth sectors such as artificial intelligence and blockchain applications, data engineering, cybersecurity, industrial IoT, networking architecture and infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC), a member of the World Bank Group. Founded in 2008, Almaz Capital has invested in over 30 portfolio companies and has had nine exits to date.

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Investment focus

  • Industry: Software, Mobile, Internet
  • Stage:Series A, Seed, Series B
  • Geography: United States, Russian Federation, Germany

Investor stats

  • Total investments: 106
  • Round size: Seed $1.1M–$5.4M; Series A $2M–$21M; Series B $2.8M–$58M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — raised $300M in 2016

Portfolio highlights

  • NFWare — The World's Fastest Network Functions Virtualization. High-Performance NFV applications for carriers, data centers and enterprises
  • Acumatica — Acumatica Is the Complete Cloud ERP Solution For All Your Business Management Needs Today and In The Future.
  • StarWind Software — StarWind delivers Software-Defined Storage solutions, HyperConverged and Storage Appliances designed to build highly resilient IT infrastructures.
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KENDRIS Capital
VC Fund · Larnaca, Larnaca, Cyprus · 2 investments in Latvia startups

KENDRIS Capital provides alternative investment funds, AIFM portfolio management, AIFM risk management, AIFM marketing, distribution services, AIFM reporting services, and AIFM fund set-up, and launch support services.

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Investment focus

  • Industry: Nanotechnology, CleanTech, Manufacturing
  • Stage:Seed, Venture - Series Unknown
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • Naco Technologies — A website that specializes in technology and innovation advancements in the world as well as delivering the same to all people. It also has an interest in giving people the most current news in the tech world. Visit the blog today for more insights.
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Baltic Tech Ventures
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia startups

Baltic Tech Ventures is the only publicly traded VC fund with an angel group focused on seed and early stage investment in the Baltic region. Investors can get involved with BTV in two ways: gaining exposure to the entire BTV portfolio by buying shares (NASDAQ:BTE1R) or by direct angel investment into one or more BTV portfolio companies. BTVangel investors benefit from the ability to invest directly into the Baltics' most promising startups on the same terms as the smartest money in the region. Unlike with other VC opportunities, BTV investors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup. BTV startups are fully vetted by BTV. BTV financials are fully audited, with regulatory oversight under Nasdaq.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Latvia, Lithuania

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
  • VOOVOO — VOOVOO is a cutting-edge service designed for commercial fleets to prevent speeding and aggressive driving in real-time, using in-house developed Safe-Driving Technology - VOOBOX. By proactively avoiding potential problems, VOOVOO enhances transportation safety and minimizes operational costs.Today, approximately 360 million commercial vehiclesare involved in daily economic activities worldwide. We focus on making our technology available to global commerce, starting from Europe and the US. Our business model's main advantages are simplicity of technology integration, easy distribution, and low costs, enabling us to expand rapidly.Our technology has been developed according to UN international standards, with support from the European Institute of Innovation and Technology (EIT Urban Mobility), Georgias Innovation and Technologies Agency (GITA), Promwad - an electrical engineering company, Testups - Test and certification company, and other international organizations. We have conducted all necessary lab and field tests, so our hardware is now under the certificate, allowing us to sell it in 58 countries.Our five-year industry background, established international relationships, technological market trends, and highly qualified management team provide a solid guarantee for the sustainable growth of our project. We forecast earning up to €36M in 5 years with around €20M net profit.From the ongoing SEED round of €500k, €435k is left to be raised. €65K is a contribution to the round from CONNECTOLOGY and EIT Urban Mobility. This investment gives us 18 months runway, enough to meet European standards with a certified product, start supplying reseller partners, onboard about 8 000 cars, and generate €2M+.Feel free to book a call to discuss partnership opportunities: https://calendly.com/voovoo/30min
  • Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.
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Impact Ventures Hungary
VC Fund · Budapest, Budapest, Hungary · 2 investments in Latvia startups

Impact Ventures is a specialist fund manager focusing on Impact Investments. Our mission is to catalyze social impact by supporting and investing in high-growth social SMEs in Europe, addressing areas of social inclusion, education, employment, health and environmental sustainability.

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Investment focus

  • Industry: Software, Agriculture, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Hungary, Spain, Italy

Investor stats

  • Total investments: 17
  • Round size: Seed $878k–$4.6M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Hedepy — Online therapy works. Research has proven that what matters is the conversation, not where the conversation happens.
  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • Envision — Envision is a smartphone and smartglasses app that empowers blind and low vision users to be independent by speaking out the visual world around them.
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SEB Latvija
VC Fund · Kekava, Rigas, Latvia · 2 investments in Latvia startups

SEB Latvia provides banking services.

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Investment focus

  • Industry: Handmade, Military, Robotics
  • Stage:Debt Financing, Grant
  • Geography: Latvia

Investor stats

  • Total investments: 5
  • Round size: Grant $12k–$14k; Debt Financing $291k–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Natrix — Natrix presents a modular unmanned ground vehicle for military and civil support, offering logistics, evacuation, and autonomous functions.
  • RedFrog — RedFrog's goal is to transform indoor mobility. RedFrog created an indoor navigation technology that makes it easy for users to navigate across intricate structures, such as corporate campuses, shopping centers, hospitals, and airports.
  • JSC Eco Baltia — “Eco Baltia grupa” is the largest environment management group in the Baltics in terms of net sales, the company provides full cycle of waste management starting with collection and sorting up to logistics, wholesale and processing of recycled materials. “Eco Baltia grupa” environment management companies are successful household waste,construction waste and separated household waste, as well as other environment service providers to private individuals and companies. The Group includes environment management, collection of recycled materials and used packaging processing companies: “Latvijas Zaļais punkts”, “Eco Baltia vide”, “Eko Kurzeme”, “Jumis”, “Pet Baltija”, “Eko Pet”, “Nordic Plast”, “Eko Reverss” and “Tehhe”.The Group services more than 45,000 clients in Latvia and abroad. The Group companies are leading in their line of operations and large taxpayers in the cities and regions where they operate. “Eco Baltia grupa” is a responsible and stable employer that cares for the welfare, professional development and labour safety of its 600 employees.Vision: The most advanced waste regeneration company in Central and Eastern Europe.Mission: To find a value in each and every thing.Values: • Determination • Creativity / creative approach • Owner’s attitude / responsibility • Ability to see and use opportunities • Courage and initative
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HansaMatrix
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia startups

Electronics manufacturing in Eastern Europe including industries like transportation, IoT, technology sectors, medicine & more.

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Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lightspace Labs — Seeing is believing
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Mistletoe
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Latvia startups

Mistletoe is a hub for startups and the overall entrepreneurial ecosystem. It specifically provides learning opportunities for entrepreneurs, facilitates startup communities, invests in and supports startup companies and venture capitals.

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Investment focus

  • Industry: Information Technology, Software, Mobile
  • Stage:Seed, Series A
  • Geography: Japan, United States, India

Investor stats

  • Total investments: 95
  • Round size: Seed $709k–$28M; Series A $2.1M–$57M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • ULUU — ULUU is an ocean material that replaces plastic and actively benefits the world.
  • Aquaria — Aquaria provides solutions to secure access to clean water. The organization adapts its approaches based on the needs of these communities. It addresses water-related challenges through various methods.
  • Funderbeam — Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. The platform allows the founders to gain exposure, legal support, a funding manager, or an investor network. It also allows the investors to take control of their investments and trade anytime they want.The company was founded in 2013as a global data platform for startup companies.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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J12
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in Latvia startups

J12 is a thesis-driven venture capital firm partnering early with technical founders across Europe to build category-defining data and AI companies across infrastructure, tooling, and domain-specific applications

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Sweden, Germany, Norway

Investor stats

  • Total investments: 57
  • Round size: Seed $1.5M–$7.7M; Pre-Seed $420k–$1.7M; Series A $7M–$65M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Treyd — Working capital for fast growing brands. Order Now, Pay Suppliers Later
  • VALIDIO — Real-time data validation and data quality monitoring for modern data teams. Abstracting complexity away from data engineering.
  • CURE: One app, all things health — CURE connects local pharmacies with customers throughout its platform and delivers healthcare-related goods directly to the consumer.
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Black Pearls VC
VC Fund · Gdansk, Pomorskie, Poland · 2 investments in Latvia startups

Black Pearls VC is a venture capital firm focusing on Life Quality Technologies. We look for the best entrepreneurs in Poland and the Baltic Sea Region.

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 54
  • Round size: Seed $165k–$2.4M; Pre-Seed $60k–$1.9M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • swotzy. — Swotzy offers a shipping platform to assist e-commerce retailers in streamlining their last-mile operations and reducing operating expenses by always using the best-suited carrier.
  • Tapline — Tapline turns your SaaS recurring revenues into fast, transparent and non dilutive growth capital.
  • Nordigen — Nordigen is a free open banking API that provides PSD2 data connections to all major European banks.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Latvia startups

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

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Investment focus

  • Industry: Software, Information Technology, Biotechnology
  • Stage:Grant, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $27k–$2.2M; Pre-Seed $44k–$1.3M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
  • PulmoBiomed — PulmoBioMed Ltd develops innovative breath-based sampling, enabling rapid, non-invasive detection of respiratory diseases for improved global healthcare.
  • Knock Technology — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.
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Inovo.vc
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Latvia startups

VC for the most ambitious founders in CEE

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 86
  • Round size: Seed $300k–$7M; Pre-Seed $700k–$4.5M; Series A $6M–$23M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $119M in 2022

Portfolio highlights

  • Booksy — Booksy - book appointments online. Find & book beauty services like hairdressing, manicure, spa or massage. Check prices & reviews!
  • Tracelight — Tracelight is the best excel AI assistant for financial modelling, trusted by leading consulting and finance firms globally.
  • Smartschool — Get your 1400+ SAT score faster with AI
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Abingworth
VC Fund · London, England, United Kingdom · 2 investments in Latvia startups

We are Abingworth, a trans-atlantic bio-science investment firm with a deep understanding of both the science and markets we invest in.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series B, Series A, Series C
  • Geography: United States, United Kingdom, France

Investor stats

  • Total investments: 169
  • Round size: Series A $14M–$108M; Series B $18M–$95M; Series C $20M–$120M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $356M in 2023

Portfolio highlights

  • Attenua — 100% satisfaction guaranteed. Hassle-free shopping. We help you find the right domain name.
  • Atsena Therapeutics — Atsena is a clinical-stage gene therapy company, focused on bringing the life-changing power of genetic medicine to reverse or prevent blindness.
  • Launch Therapeutics — Launch Therapeutics is a clinical development company that offers drug development, medical, clinical operations, and regulatory.
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Inventure
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Latvia startups

Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Finland, Sweden, United States

Investor stats

  • Total investments: 165
  • Round size: Seed $549k–$6M; Series A $1.3M–$17M; Series B $1.3M–$23M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — raised $169M in 2022

Portfolio highlights

  • Finch — Optimize building design with AI and graph technology. Get immediate feedback on performance, detect errors and find optimal solutions.
  • Reveel — Say goodbye to paper maps, brochures, and outdated audio guides. Reveel offers digital solutions for destinations such as UNESCO sites, sights, museums, cities, hotels and parks, taking the visitor experience to the next level. Become part of the smart destination movement, enhance the visitor experience, and discover the future of travel.
  • ONEiO — ONEiO is a cloud-native integration service provider connecting people, processes, and tools – enabling seamless collaboration without traditional integration hassle. Provided as a turn-key solution, as self-service, or something in between. You choose.
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Capitalia
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia startups

Capitalia, a company listed on Nasdaq Baltic stock exchange, is the leading financer for small and medium enterprises in the Baltics. As our focus is set on SME’s we are able to provide financing that serves as a supplement or as an alternative to the loans issued by commercial banks. Since the founding of Capitalia in 2007 we have issued financingto more than 1000 companies and consulted more than 100 businesses in various financial matters.

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Investment focus

  • Industry: Software, CAD, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Sweden, Lithuania

Investor stats

  • Total investments: 6
  • Round size: Seed $329k–$8.3M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Favro — The #1 app making collaborative planning working at scale between teams for SaaS & Live Games companies. Agile team collaboration, smoother than ever.
  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.
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Qiming Venture Partners USA
VC Fund · Cambridge, Massachusetts, United States · 2 investments in Latvia startups

Qiming Venture Partners USA, founded in 2017, is a healthcare venture capital firm and healthcare investor with deep technical expertise that allows them to identify tomorrow's innovations early and strong operational experience with a hands-on approach that makes us the investor of choice for early-stage biotech companies.Because of theirproven, hands-on approach to supporting CEOs and scaling operations, its partners are frequently sought after to serve on company boards. They are respected business and thought leaders.

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Investment focus

  • Industry: Biotechnology, Health Care, Pharmaceutical
  • Stage:Series A, Series B, Seed
  • Geography: United States, Canada, China

Investor stats

  • Total investments: 38
  • Round size: Seed $6M–$55M; Series A $15M–$92M; Series B $36M–$116M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Icosavax — Icosavax is a biopharmaceutical company leveraging its innovative virus-like particle (VLP) platform technology to develop vaccines against infectious diseases, with an initial focus on life-threatening respiratory diseases. Icosavax’s VLP platform technology is designed to enable multivalent, particle-based display of complex viral antigens, whichit believes will induce broad, robust, and durable protection against the specific viruses targeted. Icosavax’s pipeline includes vaccine candidates targeting respiratory syncytial virus (RSV), human metapneumovirus (hMPV), and severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). Icosavax was formed in 2017 to advance the breakthrough VLP technology from the Institute for Protein Design at the University of Washington with the goal to discover, develop, and commercialize vaccines against infectious diseases.
  • Entact Bio — Entact Bio is a biotechnology company that is in the preclinical stages of developing medications to improve protein function. It was founded by a team with deep roots in deubiquitinase (DUB) biochemistry, chemical biology, disease biology, and small-molecule drug development. The company's proprietary EncompassTM platform was designed tocreate enhancement-targeting chimeric (ENTACTM) medicines. ENTACs take advantage of DUBs' ability to regulate proteins.
  • Element Science — Now enrolling patients that are at high risk for sudden cardiac arrest.
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Indrikis Liepa
Angel · 2 investments in Latvia startups

Indrikis Liepa

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Lauris Liepa
Angel · 2 investments in Latvia startups

Lauris Liepa

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Nicolai Torgersen
Angel · 2 investments in Latvia startups

Nicolai Torgersen

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Ragnar Sass
Angel · 2 investments in Latvia startups

Ragnar Sass is the Co-Founder of Darkstar Camp. He previously worked at LIFT99 as a Founder and CEO. Ragnar Sass attended Estonian Business School.

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Investment focus

  • Industry: Information Technology, Software, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, Ukraine, United States

Investor stats

  • Total investments: 33
  • Round size: Seed $677k–$6M; Pre-Seed $110k–$2.2M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Shen.AI — Discover how Shen AI turns your smartphone into a health companion - no wearables, just powerful, camera-based health insights.
  • Legal Nodes — Offload your legal tasks to a virtual legal department and get on with running your business. Get started with the Legal Nodes platform for free.
  • Ampler Bikes — Ampler is a light electric bike for everyone who seeks freedom and adventure in their daily routines and commutes. No heavy batteries, bulky screens or other clutter. We combine modern technology with a traditional bicycle design to make pedalling easier, lighter and faster. Our vision is to offer emotive zero-emission commuting for everyone.Since 2016, Ampler has grown from a small bicycle startup into a committed e-bike company with a large international team and showrooms in Berlin, Cologne, Amsterdam, Zurich and Tallinn. Our lightweight e-bike models Curt, Stout and Stellar have won multiple awards and are being used every day by over 10,000 happy riders all over Europe.Our team spirit, mission, values and production principles are still the same as on the early days of Ampler. All our bikes are designed with the highest attention to details and are hand-assembled in our factory in Tallinn, Estonia.
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Elar Nellis
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia startups

Elar is a full-stack engineer with 12+ years of experience. He has worked for different start-ups during his whole professional career and wouldn't change start-up life for anything. Elar was also the first employee of Estonian flagship startup Pipedrive. If he's not working then he's probably playing piano, writing music or hikingin the endless forests of Estonia.

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Investment focus

  • Industry: Software, CAD, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia, Estonia, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
  • Corner Renovation — Volume Hiring AI Automator
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Maksim Zakurdaev
Angel · 1 investments in Latvia startups

Maksim Zakurdaev

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Miko Malberg
Angel · 1 investments in Latvia startups

Miko Malberg

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Louis Paulsen
Angel · 1 investments in Latvia startups

Louis Paulsen

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Show all investments...

Lev Dolgatsjov
Angel · 1 investments in Latvia startups

Lev Dolgatsjov

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Show all investments...

Angel Parn
Angel · 1 investments in Latvia startups

Angel Parn

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Vesna Investment
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia startups

Vesna Investment offers financing for internet start-ups. During the post-investment stage Vesna Investment will become an active partner, providing support and experience.

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Investment focus

  • Industry: EdTech, Internet, Education
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • YaClass — YaClass is an edutech startup offering K12 online programs in math, sciences and languages, as well as preparation tests for state exams.
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ASP Asset Management
VC Fund · 1 investments in Latvia startups

ASP Asset Management provides tailored investment solutions and fund management services for private and institutional clients.

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Investment focus

  • Industry: Information Technology, Industrial Manufacturing
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Cellbox Labs — Cellbox Labs offers industrialized organ-on-chip technology.It generates plug-and-play devices that enable chips to run without input.
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Investor funding in Latvia at a glance

Stats across 358 deals from 254 investors.

254
investors
in Latvia startups
358
deals
in Latvia startups
$228k
median round
in Latvia startups
39%
lead investors
lead at least one round
32%
Seed
most common funding stage
78/22
VC / Angel
share of investor count

Access all 254 investors in Latvia startups.

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