# Top 50 Startup Investors in Latvia in June 2026

## Imprimatur Capital Fund Management
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 59
- Stages: Seed, Debt Financing
- Focus: Software, Information Technology, Apps

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.

## Expansion Capital
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 27
- Stages: Seed, Debt Financing
- Focus: Manufacturing, Logistics, Transportation

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.

## ZGI Capital
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 23
- Stages: Seed, Debt Financing
- Focus: Manufacturing, Machinery Manufacturing, Retail

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.

## FlyCap
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 17
- Stages: Seed, Debt Financing
- Focus: Health Care, Rental, Medical

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.

## Change Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Apps

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

## Uldis Sipols
- Type: Angel
- Relevant deals: 4
- Stages: Seed, Angel, Pre-Seed
- Focus: CAD, Software, Simulation

Uldis Sipols

## Open Circle Capital
- Type: VC Fund
- Location: Vilnius, Vilniaus Apskritis, Lithuania
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

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.

## EstBAN
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Information Technology, Manufacturing

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

## The Untitled Venture Company
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Convertible Note
- Focus: SaaS, Software, Information Technology

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. 

## Superangel
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Artificial Intelligence, Software, Information Technology

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

## EIT Urban Mobility
- Type: VC Fund
- Location: Barcelona, Catalonia, Spain
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Transportation, Information Technology

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.

## Practica Capital
- Type: VC Fund
- Location: Vilnius, Vilniaus Apskritis, Lithuania
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: B2B, Software, Information Technology

 Practica Capital 

## Sverre Bisgaard
- Type: Angel
- Location: Oslo, Oslo, Norway
- Relevant deals: 3
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

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.

## New Nordic Ventures
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 3
- Stages: Pre-Seed, Seed
- Focus: Software, Computer Vision, Machine Learning

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

## Taavi Tamkivi
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, Financial Services, AgTech

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

## BADideas.fund
- Type: VC Fund
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Grant
- Focus: Software, Information Technology, Artificial Intelligence

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.

## BaltCap
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 3
- Stages: Seed, Series A, Series B
- Focus: Mobile, Information Technology, Apps

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.

## Superhero Capital
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Internet

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€.

## Karma Ventures
- Type: VC Fund
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, Artificial Intelligence, FinTech

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

## SOSV
- Type: VC Fund
- Location: Princeton, New Jersey, United States
- Relevant deals: 2
- Stages: Seed, Convertible Note, Pre-Seed
- Focus: Biotechnology, Health Care, Software

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.

## Base Ventures
- Type: VC Fund
- Location: Berkeley, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Mobile, E-Commerce

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

## Povilas Urbonas
- Type: Angel
- Location: Odense, Syddanmark, Denmark
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

Povilas Urbonas

## Radix Ventures
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 2
- Stages: Seed, Venture - Series Unknown, Series B
- Focus: Manufacturing, Biotechnology, Nanotechnology

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

## Almaz Capital
- Type: VC Fund
- Location: Portola Valley, California, United States
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, Mobile, Internet

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.

## KENDRIS Capital
- Type: VC Fund
- Location: Larnaca, Larnaca, Cyprus
- Relevant deals: 2
- Stages: Seed, Venture - Series Unknown
- Focus: Nanotechnology, CleanTech, Manufacturing

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.

## Baltic Tech Ventures
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, Apps

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.

## Impact Ventures Hungary
- Type: VC Fund
- Location: Budapest, Budapest, Hungary
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Agriculture, Health Care

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.

## SEB Latvija
- Type: VC Fund
- Location: Kekava, Rigas, Latvia
- Relevant deals: 2
- Stages: Debt Financing, Grant
- Focus: Handmade, Military, Robotics

SEB Latvia provides banking services.

## HansaMatrix
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 2

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

## Mistletoe
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Information Technology, Software, Mobile

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.

## J12
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, Information Technology

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

## Black Pearls VC
- Type: VC Fund
- Location: Gdansk, Pomorskie, Poland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, FinTech

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.

## European regional development fund (ERDF)
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Grant, Pre-Seed
- Focus: Software, Information Technology, Biotechnology

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.

## Inovo.vc
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Artificial Intelligence, Information Technology

VC for the most ambitious founders in CEE

## Abingworth
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Pharmaceutical

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

## Inventure
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Health Care

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

## Capitalia
- Type: VC Fund
- Location: Riga, Riga, Latvia
- Relevant deals: 2
- Stages: Seed, Debt Financing
- Focus: Software, CAD, Apps

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.

## Qiming Venture Partners USA
- Type: VC Fund
- Location: Cambridge, Massachusetts, United States
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Biotechnology, Health Care, Pharmaceutical

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.

## Indrikis Liepa
- Type: Angel
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

Indrikis Liepa

## Lauris Liepa
- Type: Angel
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

Lauris Liepa

## Nicolai Torgersen
- Type: Angel
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: CAD, Software, Simulation

Nicolai Torgersen

## Ragnar Sass
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Information Technology, Software, SaaS

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.

## Elar Nellis
- Type: Angel
- Location: Tallinn, Harjumaa, Estonia
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: Software, CAD, SaaS

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.

## Maksim Zakurdaev
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Maksim Zakurdaev

## Miko Malberg
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Miko Malberg

## Louis Paulsen
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Louis Paulsen

## Lev Dolgatsjov
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Lev Dolgatsjov

## Angel Parn
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: CAD, Software, Simulation

Angel Parn

## Vesna Investment
- Type: VC Fund
- Location: Moscow, Moscow City, Russian Federation
- Relevant deals: 1
- Focus: EdTech, Internet, Education

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

## ASP Asset Management
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Information Technology, Industrial Manufacturing

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

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