Top 30 Manufacturing VC Funds & Investors in Latvia (November 2026)

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.

Portfolio highlights

• HansaMatrix — Electronics manufacturing in Eastern Europe including industries like transportation, IoT, technology sectors, medicine & more.
• RoyaltyRange — RoyaltyRange is a data provider with 4 professional databases covering Royalty rates, Service fees, Loan rates, Companies' financials.
• Electrify — Electrify manufactures electric buses and minibusses offers charging solutions, and bus infrastructure maintenance.

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.

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.

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

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.

Portfolio highlights

• Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
• Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
• Samphire Neuroscience — Samphire Neuroscience builds clinically validated neurotechnology to support women across their lives. Our wearable devices, Nettle™ and Lutea™, are built on the same underlying brain-stimulation technology, targeting neural pathways involved in pain, mood, stress, and sleep regulation. - Lutea™ is available globally as a wellness device. Itstimulates the same regions of the brain to support stress regulation, sleep, and recovery - key drivers of readiness and long-term performance - allowing athletes and teams to move beyond wellbeing education alone to practical, evidence-based intervention. - Nettle™ is a CE-marked (EU and UK regulated), drug- and hormone-free device that has been clinically shown to improve pain, mood, functionality, and the ability to train during the menstrual cycle, with measurable benefits after one month of use - supporting athletes to maintain training intensity and movement quality during their period. - The Samphire App is the platform controlling all Samphire hardware products with the use of CycleSync™ AI technology: the only one of its kind to support personalized neurotechnology use for women.

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.
• Blue Shock Race — BSR is a Latvia-based in-house manufacturing company known for creating the world's most powerful rental electric go-karts featuring a quick-swap battery system, which have been exported to 40 countries. Leveraging a strong engineering team, BSR is expanding its portfolio by developing electric motorcycle power unit systems, battery energystorage solutions, and custom electric technology products to meet growing market demands.

Portfolio highlights

• Mintos — Mintos is a platform that provides retail investors with an accessible way to build wealth through loan-based investments. Through their platform retail investors can invest in a diversified way in income-producing assets to build wealth in the long term. They implement environmental, social, and employee matters, respect for human rights,anti‐corruption, and anti‐bribery matters within their remuneration policy practices and other internal company documents.
• 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!).
• Elmo — In our mobility-focused operations, we wanted to optimize business and decrease environmental impact, so we created remote control technology to deliver cars.

Portfolio highlights

• Segwise — Segwise tags and analyzes your creative data across 15+ ad networks and MMPs, then helps your team turn winning patterns into new static, video, and playable ads.
• Opennote — The notebook that thinks with you. Write notes, generate videos, flashcards, and problems, and collaborate.
• 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.

Portfolio highlights

• 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
• Wisnio — All your firm's IT handled, with AI and cybersecurity done right.
• Solid World — A DAO that will create new carbon projects

Portfolio highlights

• CereGate — CereGate is a Brain-Machine Interface company establishing new ways of communication.
• Doctor.One — Doctor.One is a chronic care platform that empowers healthcare professionals to stay connected with their patients through continuous, asynchronous communication. By transforming care into a relationship-driven experience beyond the visit, we help improve engagement, boost adherence, and ensure that no chronic patient feels alone in their healthjourney.
• VoicePatrol — VoicePatrol provides real-time voice chat protection, detecting and acting on severe toxicity and illegal activity for online communities.

Portfolio highlights

• Healant — Imagine a material that repairs itself, cutting waste and prolonging product life. Healant is revolutionizing tire durability and sustainability.
• 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
• Fluence.technology — High-performance femtosecond lasers designed for seamless integration and drift-free stability in 24/7 operations.

Portfolio highlights

• LIVO Mežs — LIVO Mežs is a forestry company specialising in logging, timber preparation, trading and exports.
• RĒZEKNES MEŽS — RĒZEKNES MEŽS is a commercial woodworking and forestry enterprise that specializes in procurement and manufacturing. The company purchases birch logs, standing timber, and harvesting rights directly from forest owners. It processes these raw materials to manufacture birch sawn timber and wood products. Additionally, it operates log loading and transportation infrastructure to facilitate the mass export of processed timber to international markets.
• Rēzeknes Siltumtīkli — SIA Rēzeknes siltumtīkli is a municipal utility company that manages centralized district heating systems. The enterprise produces thermal energy using various fuel sources to supply hot water and space heating. It maintains and modernizes localized pipeline networks to transport and distribute heat energy directly to residential buildings, public institutions, and commercial customers. Additionally, the company handles the technical installation of new district heating connections and implements remote telemetry systems for automated consumption metering.

Portfolio highlights

• SIA SMA — SIA SMA is a contemporary and rapidly expanding construction company committed to providing high-quality standards to large infrastructure projects. The company specializes in full-cycle project execution, employing its own dedicated team and specialized equipment to keep rigorous control over quality and timeframes.
• Livonia Print — Livonia Print specializes in pre-press, binding solutions, finishing, digital production, delivery, and commercial printing services.
• Mūsa Mežciems — Mūsa Mežciems is a automotive dealership & mobility-solutions company, It sells new & used passenger vehicles, provides servicing.

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
• PikaPay — Our mission is to transform as many industries to self-service to have a better service experience for everyone.
• Maire — Maire - AI co-pilot for industry leading B2C E-commerce brands. From Industry Trends to Market Research and Search Intent Analysis

Portfolio highlights

• Catalyco — Large amounts of valuable zinc oxide material are wasted due to complex or costly recovery processes, or lack of appropriate technology for recovery. This results in significant financial burdens for catalyst manufacturers who must purchase fresh ZnO to compensate for the lost material. The reliance on imports for 40% of ZnO createsvulnerabilities. We secure a local supply chain for ZnO by extracting it from industrial waste streams. We manufacture advanced ZnO products with unique characteristics and obtain added value in an environmentally friendly way. The potential applications are the tire and rubber industry, adsorbents and catalysts, and because of high purity the cosmetics sector.

Portfolio highlights

• Verkter — Verkter is a commercial group offering DIY tools and accessories.
• 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.
• Nord Security — Nord Security is the leader in the field of online privacy and security. Our security tools have earned praise from respected experts and tech outlets.

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
• Gamebeast — From the Gamebeast dashboard, developers can automatically detect player pain points and make live updates to their experience. By making adjustments that are seamless to their users, the experience is optimized for engagement - creating a boost in developer revenue.

Portfolio highlights

• Tapaya — Tapaya is payment infrastructure for fintechs, PSPs and software platforms across Europe: embed Tap to Pay, terminal and online payments in your own product.
• ForActive — ForActive The Best App to Buy & Sell Memberships
• Spotwise.ai — Radio, TV and podcast ad monitoring that turns every airing into qualified leads, ready pitches and proof of delivery for media sales teams.

Portfolio highlights

• Adianano — Adianano is a high-tech start-up that specializes in the manufacture of nanomaterials.Microwave synthesis has been used to generate high-quality nano-silicon and low-layered graphene, according to the business. The energy density of a Li-ion battery can be dramatically increased using this technology.It is founded in 2018 and is headquarteredin Centra Rajons, Latvia.

Portfolio highlights

• Nanomox — Sustainable advanced materials
• Sensmet — Sensmet was launched in 2017 spinning off from several years' research on the micro-discharge analyser technology and related application development.The Sensmet team has extensive experience in industrial R&D as well as measurement science and technology.They are currently building strategic partnerships in selected industrial sectorsto develop the first real-time multi-element water measurement applications. If you got interested and want to realise the benefits offered by the unique μDOES™ water analyser technology please contact us. Let us optimise your water process. Together.
• Circular Materials — Scopri Circular Materials: immagina una tecnologia che tratta le acque reflue e, allo stesso tempo, recupera metalli preziosi.

Portfolio highlights

• Alfa Laval — Alfa Laval is a supplier of products and solutions for heat transfer, separation, and fluid handling technologies.
• Kenter Groendus — Kenter Groendus is a full-service energy partner serving commercial and industrial clients. The company offers an end-to-end suite of hardware and software solutions to help organizations navigate grid congestion, rising energy costs, and regulatory compliance. Its portfolio spans metering services, transformer stations, energy storage/batteries, solar installations, an energy marketplace, and AI-driven Energy Management Systems (EMS).
• Truecaller — Truecaller helps you identify unknown numbers, block spam calls and messages, and stay protected from fraud. Trusted by millions for smarter, safer communication.

Portfolio highlights

• Natrix — A military personnel support system developed in collaboration with armed forces, National Guard experts, and industrial designers
• RedFrog — Indoor Navigation - Let visitors search, find, and get directions. Stride Navigation helps users find their way quickly - right from their smartphone.
• 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

Portfolio highlights

• Hepsor — Hepsor specializes in the development of residential and commercial real estate projects. With a focus on green thinking, innovation, and modern architecture, Hepsor aims to create sustainable and aesthetically pleasing environments. Since its establishment in 2011, the company has been recognized for implementing innovative engineering andtechnical solutions in its buildings, making them more sustainable and efficient. Hepsor's portfolio includes a variety of projects, from cozy homes to functional commercial spaces, all designed with the future in mind. The company is committed to enhancing the quality of living and working spaces while respecting the environment.
• Ammunity — Ammunity is a Latvian small-caliber ammunition producer.

Portfolio highlights

• Vaulta — Vaulta is a battery casing technology company based in Brisbane, Australia. Using advanced composite materials and smart, streamlined design, Vaulta has developed a lighter and smaller battery case with fewer parts, creating scalable efficiencies and opportunities for manufacturers. Vaulta founder and director Dominic Spooner has over 12 yearsexperience as a design engineer, and has worked in a range of industries, including renewables and batteries, defence and aerospace, consumer products, commercial products and startups. While working in battery design, Dominic saw firsthand that opportunities for growth were being overlooked in favour of continuing with the status quo – and that’s when the idea for Vaulta was born.Vaulta’s world-first no-weld design means modules can be easily assembled and disassembled, cells reused and recycled, and new cells added as battery technology continues to evolve.From stationary storage and electric vehicles to defence, aerospace and beyond, Vaulta’s battery case technology works wherever batteries do.
• Coherence Neuro — Opto Biosystems specializes in the development of innovative healthcare technologies that bridge the gap between cancer neuroscience and bioelectronics. The company focuses on creating smaller, softer, and wireless biological interfaces designed to offer a new treatment modality. By leveraging advancements in neural engineering and bioelectronics,Opto Biosystems is dedicated to building new tools that interface with the body, aiming to improve patient outcomes in the healthcare sector. Their work includes exploring the stability of thin-film electrodes for neuromodulation, highlighting their commitment to advancing medical technology.
• Andromeda Robotics — At Andromeda, our personalised robot companions are helping Australian aged care teams bring joy and connection to residents to improve wellbeing.

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.
• Ondato — Ondato provides KYC software for secure customer onboarding, identity verification and AML compliance. Prevent fraud and automate customer checks.
• AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.

Portfolio highlights

• Sunly — Sunly, a renewable energy company, is active in the Baltics and surrounding markets. Sunly is developing renewable energy projects through Sunly Infra and manages a renewable energy and electrification portfolio of start-ups through Sunly Startup.
• Livonia Print — Livonia Print specializes in pre-press, binding solutions, finishing, digital production, delivery, and commercial printing services.

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!

Portfolio highlights

• KineDB — KineDB develops a dual-purpose database engine capable of operating as an embedded system on mobile devices or clustered within cloud data centers. The technology natively integrates replication, data history tracking, and merge logic to support continuous offline writing and automatic data synchronization upon reconnection. It utilizes a peer-to-peer data balancing architecture to eliminate traditional sharding and replica configuration processes. Every data write is permanent and addressable, providing an built-in audit trail that allows versioning and rollbacks. Additionally, the system writes logs directly to cloud object storage, enabling operational servers to function ephemerally without local state management. KineDB recently closed a cross-border pre-seed investment round with Superhero Capital, NGL and the founders of Formalize. Start-up lawyer Michael Pilegaard from Mace Legal acted as legal counsel to KineDB during the pre-seed investment round.
• Bilt.me — Describe your app idea and Bilt builds it. Preview on your phone, publish to the App or Play Store when you're ready.
• Guideless — Guideless turns any browser workflow into a polished, AI-narrated video guide in minutes. No screen recording, no tedious editing. Just turn on our Chrome extension, click through your process as you normally would, and instantly get a share-ready guide.Use cases: Product walkthroughs, customer onboarding, employee training, and supportdocumentation.Key features: - AI-written narration and natural voiceover. - Smart zooms and highlights for clarity. - Built-in captions for accessibility. - Always consistent and on-brand. - Shareable URLs, embed codes, and export to MP4How it works: - Add the Chrome extension. - Capture your workflow. - Share your guide.Privacy built-in: Your guides and data are never used to train AI models and are securely encrypted.Check https://guideless.ai/gallery and get inspired with curated guides showcasing workflows, product demos, and tutorials across every use case.