Top 10 Machine Learning VC Funds &amp; Investors in Latvia (November 2026)

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

Investment focus

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

Investor stats

Total investments: 65
Round size: Seed $500k–$4.2M; Pre-Seed $273k–$2.2M; Series A $1M–$39M
Lead/follow: 55% lead, 45% follow
Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

BirdyChat — One chat for your team, people outside your company, and your agents. Free, built, and hosted in the EU.
Giraffe360 — Real estate camera and AI software that turns one property capture into HDR photos, floor plans, 360 virtual tours, videos and property websites.
Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.

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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.

Investment focus

Industry: Manufacturing, Software, Logistics
Stage:Seed, Venture - Series Unknown, Debt Financing
Geography: Latvia, United States, Norway

Investor stats

Total investments: 42
Round size: Seed $132k–$2.4M; Debt Financing $113k–$223k; Venture - Series Unknown $100k–$1.6M
Lead/follow: 79% lead, 21% follow

Portfolio highlights

Flirtu — Dating in Telegram
FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.

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Micro VC developed to help investors explore new markets and sectors.

Investment focus

Industry: Sales, Software, Apps
Stage:Convertible Note
Geography: Latvia, Poland, Lithuania

Investor stats

Total investments: 6
Round size: Convertible Note $30k–$30k
Lead/follow: 0% lead, 100% follow

Portfolio highlights

asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
LiveCall — LiveCall is a next-generation phone solution connecting businesses and customers.
H-Finance — Infrastructure and compliance for financial institutions to work with digital assets

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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. BTV angel 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 other VC opportunities, BTVinvestors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup.

Investment focus

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

Investor stats

Total investments: 10
Round size: Pre-Seed $24k–$305k
Lead/follow: 20% lead, 80% follow

Portfolio highlights

Getfix — GETFIX is a platform that matches users with handyman and other service providers in just few clicks.
Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.
LEGID — LEGID is an AI-powered marketplace for on-demand, small in-app consultations from top legal experts across the world. LEGID is building a platform that brings quality legal services, at affordable prices to people across the world. Easy-to-use, intuitive and reliable. A quick and efficient way to get the right, trusted legal advice whetheryou're at home or abroad.It is people centric. Submit a question, get price offers from qualified lawyers around you and resolve your issue without headaches. Quick, affordable and trusted legal advice across the world that puts you in control. The platform allows clients to submit queries, get price offers from lawyers and communicate via a secure, built-in chat system.A platform unites independent lawyers and consultants, with an auction-style system, and team formation for complex jobs (tenders). LEGID allows lawyers to work virtually from anywhere, providing them with an alternative channel for practicing law and fostering a better work-life balance.We are a SaaS-enabled marketplace, a platform combining a marketplace component with SaaS and workflow features (CRM, KYC, Case Management etc.). So it is a SaaS product, but with a marketplace dynamic. We are a platform, which empowers people. We are not focusing only on disrupting the legal industry. We are thinking of how to help people in this industry to be more efficient and active.Currently LEGID App serves its clients in Estonia, Latvia, Lithuania and Poland. Target market is the Europe. Products: Marketplace, AI, B2B SaaS, Web App, Mobile App Industry: Law Tech and Legal Tech

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18 batches, 3500 applications, 100+ startups, 18 countries... ...and Growing. The Buildit journey began in 2013 in Estonia as the first hardware-focused accelerator in the Nordics. Over the past 12 years, we’ve evolved from offering €10,000 pre-seed tickets to becoming a full-fledged venture capital fund capable of investing up to €1.5 million in visionary startups. Our story is one of growth, resilience, and transformation. We’ve been alongside startups as they’ve soared to success, navigated complex challenges, and sometimes faced setbacks. Just like them, we’ve grown—through tough times and triumphs alike. This shared journey shapes the expertise we bring to the table. At Buildit, we specialize in accelerating hardware and IoT startups, helping them scale faster and smarter. From refining prototypes into market-ready products to securing substantial investments, we empower entrepreneurs to turn bold ideas into tangible realities. With us, startups don’t just grow— they thrive. Buildit is supported by Altum Accelerator program, which is financed from the European Regional Fund.

Investment focus

Industry: Health Care, Electronics, Manufacturing
Stage:Pre-Seed, Seed, Grant
Geography: Latvia, Estonia, Lithuania

Investor stats

Total investments: 52
Round size: Seed $13k–$1.3M; Grant $5k–$12k; Pre-Seed $23k–$221k
Lead/follow: 65% lead, 35% follow
Last fund: May invest from a new fund soon — raised $3.2M in 2018

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.
SpirulinaNord — SpirulinaNord cultures and sells freshly harvested frozen spirulina to preserve antioxidants, vitamin content and neutral taste.
SUBmerge Baltic — Advanced autonomous underwater vehicles for defense, security, and large-scale maritime operations.

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APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor.We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months,depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors.

Investment focus

Industry: Software, SaaS, Artificial Intelligence
Stage:Pre-Seed, Seed, Series A
Geography: Germany, United Kingdom, United States

Investor stats

Total investments: 211
Round size: Seed $1M–$5M; Pre-Seed $55k–$1.4M; Series A $2.1M–$15M
Lead/follow: 28% lead, 72% follow
Last fund: May invest from a new fund soon — raised $67M in 2021

Portfolio highlights

VisioLab — Instantly scan products for self-checkout, using the iPad camera - no barcodes needed. Designed for speed, simplicity and human centricity.
Bloom — Bloom is the everything app to make onchain finance social. Copy trades and bets, build performance-based reputation, earn from your influence, and manage everything through a smart wallet.
Track Titan — Titan Academy revolutionises how gamers improve through fully automated coaching.

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An early-stage VC that backs, mainly but not limited to, Turkey & CEE's founders who work to disrupt the system for good.

Investment focus

Industry: Software, Artificial Intelligence, Information Technology
Stage:Seed, Pre-Seed, Convertible Note
Geography: United States, Turkey, Germany

Investor stats

Total investments: 67
Round size: Seed $50k–$884k; Pre-Seed $20k–$554k; Convertible Note $25k–$30k
Lead/follow: 24% lead, 76% follow
Last fund: May invest from a new fund soon — raised $10M in 2015

Portfolio highlights

FenixPyre — FenixPyre provides Post-Authentication Data Security (PADS) to prevent ransomware, mitigate insider threats, and enforce TPRM. It blocks bad actors from stealing sensitive files, enhancing perimeter security while remaining seamless to users.
heybooster — heybooster is the creator of a platform for marketing analysis that aids e-commerce managers in finding chances for revenue growth and in making better choices. It provides clients with digital reporting, online meetings, online communication, an online project management system, and an online playbook that helps them discover problems, findpossibilities for revenue growth, and cut expenses.
Visionteractive — Visionteractive develops social media based, fun and interactive physical and digital products, bridging the gap between online and actual world. The company aims to bring a brand together with the target audience by developing various creative products, while enhancing the memorability owing to the interactive experience with the users.Visionteractive was founded on 2013 and is based in Turkey.

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We are a first check investor helping overlooked founders from peripheral European ecosystems defy the odds and create breakout companies.

Investment focus

Industry: Software, Information Technology, Mobile Apps
Stage:Seed, Pre-Seed, Series A
Geography: Hungary, Latvia, Serbia

Investor stats

Total investments: 22
Round size: Seed $197k–$4M; Pre-Seed $154k–$1.5M
Lead/follow: 9% lead, 91% follow

Portfolio highlights

AgroSync — Uncover hidden profits. Use field data to boost returns this season
RivalSense — Monitor competitors of your startup. Receive curated weekly updates.
Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation

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Raiffeisen Bank International specializes in providing banking services. They provide businesses with asset management and investment banking services. They also provide digital services, including mobile banking, electronic banking, and mobile caching.

Investment focus

Industry: Energy, Renewable Energy, Solar
Stage:Debt Financing, Post-IPO Debt, Seed
Geography: Austria, The Netherlands, Israel

Investor stats

Total investments: 24
Round size: Seed $2M–$8M; Post-IPO Debt $119M–$122M; Debt Financing $23M–$755M
Lead/follow: 38% lead, 62% follow

Portfolio highlights

Cefetra Group — Cefetra is an international agri-commodity trading company, who sources worldwide 26 million tons of feed-ingredients (such as corn, wheat and soymeal) and sells it to the European feed, food- and fuel industries.
Rezolv Energy — Discover how renewable energy producers are shaping a new era of sustainable power and reducing environmental impact.
tdi renewables — TDI Renewables develops, constructs, and operates onshore renewable energy assets. Its activities include wind and solar projects and battery storage assets. The company covers the renewable energy value chain from project development and construction through operations. It serves renewable power generation markets in Central and Eastern Europe.

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