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Top 25 Manufacturing Startup Investors in Latvia (June 2026)

The most active venture capital funds and angel investors investing in Latvia Manufacturing startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Manufacturing startup companies. Find investors to raise a Pre-Seed, Seed or Angel round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Imprimatur Capital Fund Management
VC Fund
13 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
Expansion Capital
VC Fund
13 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Logistics, Transportation $125k–$713k
ZGI Capital
VC Fund
10 Latvia, Estonia Seed, Debt Financing Manufacturing, Machinery Manufacturing, Retail $55k–$981k
Uldis Sipols
Angel
4 Latvia Seed, Angel, Pre-Seed CAD, Software, Simulation $50k–$192k
Sverre Bisgaard
Angel
3 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Nicolai Torgersen
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
SOSV
VC Fund
2 United States, India, United Kingdom Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software
Povilas Urbonas
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Indrikis Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Lauris Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
FlyCap
VC Fund
2 Latvia, Estonia, The Netherlands Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
EIT Urban Mobility
VC Fund
1 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
Miko Malberg
Angel
1 Latvia Angel CAD, Software, Simulation
Elar Nellis
Angel
1 Latvia, Estonia, United States Seed, Angel, Pre-Seed Software, CAD, SaaS
Nikita Sergienko
Angel
1 Latvia Angel CAD, Software, Simulation
BADideas.fund
VC Fund
1 Estonia, Latvia, Ukraine Pre-Seed, Seed Software, Information Technology, FinTech
Siena Capital
VC Fund
1 Estonia, Latvia Seed, Pre-Seed, Convertible Note CAD, Banking, FinTech
Angel Parn
Angel
1 Latvia Angel CAD, Software, Simulation
Lauri Isotamm
Angel
1 Latvia, United States Pre-Seed Software, CAD, Music
Rein Raudjarv
Angel
1 Latvia Angel CAD, Software, Simulation
Lev Dolgatsjov
Angel
1 Latvia Angel CAD, Software, Simulation
ASP Asset Management
VC Fund
1 Latvia Pre-Seed Information Technology, Industrial Manufacturing
Louis Paulsen
Angel
1 Latvia Angel CAD, Software, Simulation
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$33M
Capitalia
VC Fund
1 Latvia, Sweden, Lithuania Seed, Debt Financing Software, CAD, Apps $329k–$8.3M
Access all 21 investors in Latvia Manufacturing startups.

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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 · 13 investments in Latvia Manufacturing 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 · 13 investments in Latvia Manufacturing 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 · 10 investments in Latvia Manufacturing 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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Uldis Sipols
Angel · 4 investments in Latvia Manufacturing 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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Sverre Bisgaard
Angel · Oslo, Oslo, Norway · 3 investments in Latvia Manufacturing 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
Show all investments...

Nicolai Torgersen
Angel · 2 investments in Latvia Manufacturing 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
Show all investments...

SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Latvia Manufacturing 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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Povilas Urbonas
Angel · Odense, Syddanmark, Denmark · 2 investments in Latvia Manufacturing 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
Show all investments...

Indrikis Liepa
Angel · 2 investments in Latvia Manufacturing 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
Show all investments...

Lauris Liepa
Angel · 2 investments in Latvia Manufacturing 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
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
FlyCap
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Manufacturing 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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EIT Urban Mobility
VC Fund · Barcelona, Catalonia, Spain · 1 investments in Latvia Manufacturing 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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Miko Malberg
Angel · 1 investments in Latvia Manufacturing 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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Elar Nellis
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Manufacturing 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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Nikita Sergienko
Angel · 1 investments in Latvia Manufacturing startups

Nikita Sergienko

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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
Show all investments...

BADideas.fund
VC Fund · 1 investments in Latvia Manufacturing 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, FinTech
  • Stage:Pre-Seed, Seed
  • Geography: Estonia, Latvia, Ukraine

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • Qminder — Set up Qminder queue management software in minutes. Real-time reports on customer service & employee performance. Cloud-based. Wireless. Free Support.
  • THEO — Power-Up Any AI Assistant in 3 minutes by transforming your startup's strategy, product, and market info into an expert-designed AI-ready knowledge format, making AI truly understand your unique business nuances.
  • Desktop Commander — Desktop Commander is a powerful MCP tool that helps developers manage files, set up servers, and deploy applications with ease.
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Siena Capital
VC Fund · 1 investments in Latvia Manufacturing startups

Siena is a VC firm mainly investing in startups in Estonia and California

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Investment focus

  • Industry: CAD, Banking, FinTech
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Estonia, Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow
  • Last fund: Likely still investing — raised $59M in 2021

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
  • Tuum — Tuum is a cloud-native banking platform that is spearheading the next generation of digital innovation in the financial services industry. Built around a microservices architecture, the platform consists of flexible and independent modules covering all retail and business banking capabilities. The platform is API-based for quick and easyintegration and can run on all major cloud providers, as well as on private clouds. Founded by a team of banking and technology experts in 2019, Tuum combines technological excellence with in-depth banking knowledge and packages it into a sophisticated, cutting-edge platform. Tuum currently employs over 60 people with offices in Tallinn, Berlin and Malaga
  • Teamscope — Great things in business are never done by one person, but by high-performing teams.Teamscope was founded by leading executive search professionals, data scientists, and tech entrepreneurs to help managers make better hiring decisions and build more engaged, high-performing teams.The teamscope platform combines big data analytics withscientific testing to analyze teams and help team leaders make better hiring decisions. Our unique algorithm analyzes the values, personality characteristics, and core competencies of team members to first profile the existing team. Based on that, the platform recommends what characteristics to look for in a candidate and evaluates how well each candidate fits in with the role and the team. The platform then generates a detailed behavioral profile and interview guide for each candidate to help the hiring manager choose the best person for the team.
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Angel Parn
Angel · 1 investments in Latvia Manufacturing startups

Angel Parn

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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
Show all investments...

Lauri Isotamm
Angel · 1 investments in Latvia Manufacturing startups

Lauri Isotamm

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Investment focus

  • Industry: Software, CAD, Music
  • Stage:Pre-Seed
  • Geography: Latvia, United States

Investor stats

  • Total investments: 2
  • 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
  • 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.
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Rein Raudjarv
Angel · 1 investments in Latvia Manufacturing startups

Rein Raudjarv

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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
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
Lev Dolgatsjov
Angel · 1 investments in Latvia Manufacturing startups

Lev Dolgatsjov

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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
Show all investments...

ASP Asset Management
VC Fund · 1 investments in Latvia Manufacturing 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: 0% lead, 100% follow

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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Louis Paulsen
Angel · 1 investments in Latvia Manufacturing startups

Louis Paulsen

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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
Show all investments...

Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Manufacturing 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: 63
  • Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
  • Lead/follow: 56% lead, 44% 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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Capitalia
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Manufacturing 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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Manufacturing Investor funding in Latvia at a glance

Stats across 45 deals from 21 investors.

21
investors
in Latvia Manufacturing startups
45
deals
in Latvia Manufacturing startups
$219k
median round
in Latvia Manufacturing startups
76%
lead investors
lead at least one round
33%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

Access all 21 investors in Latvia Manufacturing startups.

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