Top 10 Manufacturing VC (Venture Capital) Funds in Latvia in September 2025
A list of 10 VC (Venture Capital) funds that invest in Manufacturing startups based in Latvia. We rank investors based on the number of investments they made in Manufacturing companies from Latvia. We update this investor list every month.Top 10 Manufacturing VC (Venture Capital) Funds in Latvia in September 2025
| Investor | Manufacturing Latvia investments | 
|---|---|
| Expansion Capital | 13 | 
| Imprimatur Capital Fund Management | 13 | 
| ZGI Capital | 10 | 
| FlyCap | 2 | 
| SOSV | 2 | 
| Change Ventures | 1 | 
| BADideas.fund | 1 | 
| ASP Asset Management | 1 | 
| Siena Capital | 1 | 
| EIT Urban Mobility | 1 | 
            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
            
          - Manufacturing, Food and Beverage, Logistics
- Seed, Funding Round, Debt Financing
- Latvia, United States, Norway
                          Portfolio highlights
              
        - Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
- Yieldstreet — Yieldstreet 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
            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
            
          - Software, Information Technology, Apps
- Seed, Debt Financing, Funding Round
- Latvia, United States, United Kingdom
                          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.
            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
            
          - Manufacturing, Machinery Manufacturing, Consulting
- Funding Round, Seed, Debt Financing
- Latvia, Estonia
                          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.
            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
            
          - Health Care, Consumer Goods, Medical
- Funding Round, Seed, Debt Financing
- Latvia, Estonia, The Netherlands
                          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.
            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
            
          - Biotechnology, Health Care, Software
- Seed, Convertible Note, Pre-Seed
- United States, India, United Kingdom
                          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.
            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
            
          - Software, Information Technology, Apps
- Seed, Pre-Seed, Series A
- Estonia, Latvia, Lithuania
                          Portfolio highlights
              
        - Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
- ENGYcell — ENGYcell provides personalized energy storage solutions to reduce energy costs, gain energy independence, and participate in the energy market.
- Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
            We are comfortable being the first money in the round. 
Here is how we help founders, what we look for when investing and how to apply:
          
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            Investment focus
            
          - Software, Information Technology, FinTech
- Pre-Seed, Seed
- Estonia, Latvia, Ukraine
                          Portfolio highlights
              
        - Tingit — Tiings is a zero-effort fashion repairs marketplace for busy people & brands.
- Qminder — Set up Qminder queue management software in minutes. Real-time reports on customer service & employee performance. Cloud-based. Wireless. Free Support.
- Miros — Revolutionizing ecommerce with AI-powered visual search and semantic search. Seamless, tagless, and intuitive product discovery for all shoppers.
            ASP Asset Management provides tailored investment solutions and fund management services for private and institutional clients.
          
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            Investment focus
            
          - Information Technology, Industrial Manufacturing
- Pre-Seed
- Latvia
                          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.
            Siena is a VC firm mainly investing in startups in Estonia and California
          
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            Investment focus
            
          - CAD, Banking, FinTech
- Seed, Pre-Seed, Convertible Note
- Estonia, Latvia
                          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 frees financial institutions from legacy constraints with a cloud-native core built for fast launches, progressive modernization, and scale.
- 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.
            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
            
          - Software, Transportation, Information Technology
- Seed, Pre-Seed, Series A
- Spain, Sweden, France
                          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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        VC (Venture Capital) Funds in Latvia by industry
        
                      
                                                          
                      
                                                      
      
                Financial Services
                                            
                      
                                                      Finance
                                            
                      
                                                      Energy
                                            
                      
                                                      Transportation
                                            
                      
                                                      Manufacturing
                                            
                      
                                                      Music
                                            
                      
                                                      Software
                                            
                      
                                                      Biotechnology
                                            
                      
                                                      FinTech
                                            
                      
                                                      Enterprise
                                            
                      
                                                      Consumer
                                            
                      
                                                      Health Care
                                            
                      
                                                      EdTech
                                            
                      
                                                      Climate
                                            
                      
                                                      Real Estate
                                            
                      
                                                      SaaS
                                            
                      
                                                      Marketplace
                                            
                      
                                                      Artificial intelligence
                                            
                      
                                                      Hardware
                                            
                      
                                                      Mobile Apps
                                            
                      
                                                      Education
                                            
                      
                                                      Mobile
                                            
                      
                                                      Internet
                                            
                      
                                                      Biotech
                                            
                      
                                                      Media (entertainment)
                                            
                      
                                                      Machine Learning
                                            
                      
                                                      Proptech
                                            
                      
                                                      Community