# Top 25 Manufacturing Startup Investors in Latvia in June 2026 ## Imprimatur Capital Fund Management - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 13 - 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: 13 - 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: 10 - 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. ## Uldis Sipols - Type: Angel - Relevant deals: 4 - Stages: Seed, Angel, Pre-Seed - Focus: CAD, Software, Simulation Uldis Sipols ## 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. ## Nicolai Torgersen - Type: Angel - Relevant deals: 2 - Stages: Pre-Seed - Focus: CAD, Software, Simulation Nicolai Torgersen ## 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. ## Povilas Urbonas - Type: Angel - Location: Odense, Syddanmark, Denmark - Relevant deals: 2 - Stages: Pre-Seed - Focus: CAD, Software, Simulation Povilas Urbonas ## 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 ## FlyCap - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 2 - 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. ## EIT Urban Mobility - Type: VC Fund - Location: Barcelona, Catalonia, Spain - Relevant deals: 1 - 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. ## Miko Malberg - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Miko Malberg ## 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. ## Nikita Sergienko - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Nikita Sergienko ## BADideas.fund - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Software, Information Technology, FinTech 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. ## Siena Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed, Convertible Note - Focus: CAD, Banking, FinTech Siena is a VC firm mainly investing in startups in Estonia and California ## Angel Parn - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Angel Parn ## Lauri Isotamm - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed - Focus: Software, CAD, Music Lauri Isotamm ## Rein Raudjarv - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Rein Raudjarv ## Lev Dolgatsjov - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Lev Dolgatsjov ## 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. ## Louis Paulsen - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Louis Paulsen ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - 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. ## Capitalia - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 1 - 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.