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Top 50 Marketplace Startup Investors in Latvia (November 2026)

The most active venture capital funds and angel investors investing in Latvia Marketplace startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Marketplace startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
FlyCap
VC Fund
8 Latvia, Estonia, The Netherlands Venture - Series Unknown, Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
Imprimatur Capital Fund Management
VC Fund
5 Latvia, United States, United Kingdom Seed, Debt Financing, Venture - Series Unknown Software, Information Technology, Apps $55k–$1.3M
Open Circle Capital
VC Fund
4 Lithuania, United States, Canada Seed, Pre-Seed, Series A Software, E-Commerce, Information Technology $202k–$7.2M
ZGI Capital
VC Fund
4 Latvia, Estonia, United Kingdom Seed, Venture - Series Unknown Manufacturing, Machinery Manufacturing, Consulting $55k–$1.6M
Expansion Capital
VC Fund
4 Latvia, United States, Norway Seed, Venture - Series Unknown, Debt Financing Manufacturing, Software, Logistics $100k–$2.4M
BaltCap
VC Fund
3 Latvia, Lithuania, United States Private Equity, Seed, Series A Information Technology, Software, Mobile $125k–$100M
Buildit VC
VC Fund
3 Latvia, Estonia, Lithuania Pre-Seed, Seed, Grant Health Care, Electronics, Manufacturing $5k–$1.3M
Base Ventures
VC Fund
2 United States, South Korea, Canada Seed, Series A, Pre-Seed Software, Mobile, E-Commerce $125k–$21M
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Venture - Series Unknown, Pre-Seed Software, Information Technology, Artificial Intelligence $44k–$9.2M
SOSV
VC Fund
2 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $25k–$5M
Arthur Watson
Angel
1 Latvia Seed Drones, Robotics
NuVX Capital
VC Fund
1 Russian Federation, United States, Malta Seed, Pre-Seed, Angel Artificial Intelligence, Software, Drones
Angelsdeck Global Ventures
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed, Angel Artificial Intelligence, Software, Education $80k–$6M
Christopher Hulls
Angel
1 United States, Latvia Seed, Series A Apps, Drones, Mobile $2.5M–$7.6M
Harry Cheung
Angel
1 United States, Latvia Seed Internet, Apps, Hotel $1.4M–$2.5M
Eleving Group
VC Fund
1 Latvia, United Kingdom Pre-Seed, Venture - Series Unknown Computer, Software, Consulting
IT-Farm
VC Fund
1 United States, Japan, Germany Seed, Series A, Series B Software, Health Care, Medical $1M–$36M
Social Discovery Group
VC Fund
1 United States, United Kingdom, China Series A, Seed, Venture - Series Unknown Apps, Internet, Mobile $500k–$15M
Rustam Gilfanov
Angel
1 Hong Kong Seed Blockchain, Health Care, Marketplace
Dan Bragiel
Angel
1 United States, Finland, Latvia Seed, Series A, Pre-Seed Software, FinTech, Logistics $600k–$9M
Amazon Web Services
VC Fund
1 United States, United Kingdom, Brazil Grant, Non-Equity Assistance Artificial Intelligence, Software, Information Technology $7k–$1M
Scandiweb
VC Fund
1 Latvia Angel SaaS, Sports, Tennis
Ilya Suharenko
Angel
1 Hong Kong Seed Blockchain, Health Care, Marketplace
Industra Bank
VC Fund
1 Latvia, United Kingdom Seed Mining, Rental, Agriculture
Dean Dorrell
Angel
1 Australia, United Kingdom, United States Seed, Series A, Series B FinTech, Financial Services, Artificial Intelligence $463k–$13M
ALTUM
VC Fund
1 Latvia Seed Internet, Made to Order, Delivery Service
Jay Zaveri
Angel
1 United States, Japan, Canada Seed, Series A, Series B Health Care, Biotechnology, Artificial Intelligence $1M–$6B
Andris K. Berzins
Angel
1 Latvia, United States, Spain Seed, Pre-Seed, Angel E-Commerce, B2B, Aerospace $653k–$9M
Konstantin Othmer
Angel
1 United States, Latvia, Germany Seed, Pre-Seed Automotive, Health Care, SaaS $520k–$18M
Mintos
VC Fund
1 Latvia Grant, Pre-Seed Consulting, E-Commerce, Marine Technology
Piotrs Nechajevs
Angel
1 Latvia Angel SaaS, Sports, Tennis
Shijiazhuang Chaofeng Sports
VC Fund
1 Latvia Angel SaaS, Sports, Tennis
ZenStone Venture Capital
VC Fund
1 United States, Brazil, Canada Series A, Seed, Series B FinTech, Financial Services, Real Estate $500k–$50M
Herman Kienhuis
Angel
1 The Netherlands, Finland, Denmark Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $453k–$12M
Madara Cosmetics
VC Fund
1 Latvia Pre-Seed Cosmetics, E-Commerce, Information Technology
Carthona Capital
VC Fund
1 Australia, United States, United Kingdom Seed, Series A, Series B Software, Financial Services, FinTech $469k–$50M
Angels Band
VC Fund
1 Latvia, Lithuania, United States Seed, Pre-Seed, Angel E-Commerce, B2B, B2C $57k–$358k
JOINT JOURNEY
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed Software, Artificial Intelligence, Information Technology $30k–$4.1M
Luminor Bank
VC Fund
1 Latvia, Italy Debt Financing Wood Processing, Baby, Sales $988k–$8.7M
Sun Finance Group
VC Fund
1 Latvia Pre-Seed Consulting, E-Commerce, E-Commerce Platforms
The Untitled Venture Company
VC Fund
1 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note Software, SaaS, Analytics $100k–$1.6M
Andrej Jakovlev
Angel
1 Latvia Pre-Seed B2B, E-Commerce, Marketplace
Luminor Latvija
VC Fund
1 Latvia Debt Financing Baby, Retail, Children $1.1M–$155M
Seraph Group
VC Fund
1 United States, Canada, Latvia Seed, Series A, Series B Software, Health Care, Artificial Intelligence $600k–$51M
Swedbank
VC Fund
1 Latvia Debt Financing Internet, Made to Order, Delivery Service
Merito Partners
VC Fund
1 Latvia Seed, Private Equity Furniture, Smart Home, Smart Building
River Venture Partners
VC Fund
1 The Netherlands, Finland, Latvia Seed, Angel, Pre-Seed Internet, Software, SaaS $60k–$2.4M
Vinny Lingham
Angel
1 United States, South Africa, United Kingdom Seed, Angel Blockchain, Cryptocurrency, Internet $125k–$5.6M
Chris Sang
Angel
1 United States, Australia, India Seed, Pre-Seed, Series A Software, E-Commerce, FinTech $120k–$21M
Toivo Annus
Angel
1 Singapore, United States, Estonia Seed, Series A, Venture - Series Unknown E-Commerce, Software, FinTech $1.1M–$12M
Access all 82 investors in Latvia Marketplace startups.

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

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Investor list

FlyCap
VC Fund · Riga, Riga, Latvia · 8 investments in Latvia Marketplace 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:Venture - Series Unknown, Seed, Debt Financing
  • Geography: Latvia, Estonia, The Netherlands

Investor stats

  • Total investments: 30
  • Round size: Seed $55k–$2.9M; Debt Financing $330k–$2.2M; Venture - Series Unknown $265k–$2.7M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $21M in 2013

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.
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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 5 investments in Latvia Marketplace 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 in Latvia, 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, Venture - Series Unknown
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 83
  • Round size: Seed $125k–$690k; Debt Financing $55k–$69k; Venture - Series Unknown $57k–$1.3M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $12M 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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Open Circle Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 4 investments in Latvia Marketplace startups

Our Investment FocusWe are interested in technology companies in the fields of ICT, robotics and high-tech. We favor teams of professionals comprised or led by serial entrepreneurs with past growth, fundraising and/or exiting experience. We are looking for product building companies that would be high-potential, fast-growth, and ready toconquer foreign markets. Best time to talk us is just after first revenues in the company.Our investment approach1. It all starts with a conversation where we learn about you and your ambition. 2. In the space of few meetings we are targeting to decide whether to look further. 3. We'll discuss particular terms, ask for more information, and analyse further. 4. The legal part - we know everyone loves it, and, finally, we join your venture.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United States, Canada

Investor stats

  • Total investments: 39
  • Round size: Seed $202k–$2.2M; Pre-Seed $219k–$1M; Series A $5M–$7.2M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
  • Monimoto — Monimoto develops and manufactures world's easiest to install and use GPS tracker. It's autonomous, powered by battery and controlled by smart phone.
  • Perfection42 — Perfection42 empowers creators to reach Unlimited Quality with custom Artificial intelligence tools without a single line of code.
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 4 investments in Latvia Marketplace 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 to EUR 30M. The fund acts on behalf of various investors including the State.

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Investment focus

  • Industry: Manufacturing, Machinery Manufacturing, Consulting
  • Stage:Seed, Venture - Series Unknown
  • Geography: Latvia, Estonia, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Seed $55k–$896k; Venture - Series Unknown $306k–$1.6M
  • Lead/follow: 90% lead, 10% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

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.
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Expansion Capital
VC Fund · Riga, Riga, Latvia · 4 investments in Latvia Marketplace 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, 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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BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia Marketplace startups

BaltCap is a private equity and venture capital investor in the Baltic states of Estonia, Latvia and Lithuania focusing investment on the growth and realization of small and medium enterprises.

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Investment focus

  • Industry: Information Technology, Software, Mobile
  • Stage:Private Equity, Seed, Series A
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $125k–$1.3M; Series A $6.5M–$12M; Private Equity $1M–$100M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2019

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.
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Buildit VC
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia Marketplace startups

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.

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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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Base Ventures
VC Fund · Berkeley, California, United States · 2 investments in Latvia Marketplace startups

We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea.

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Investment focus

  • Industry: Software, Mobile, E-Commerce
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 138
  • Round size: Seed $250k–$6.7M; Pre-Seed $125k–$1M; Series A $1.2M–$21M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Rebodis — Ribodi’s goal is to empower clothing with intelligence by seamlessly integrating robotics and smart technologies into everyday apparel, enabling robotized garments to become a practical, accessible, and trusted fixture in everyone’s wardrobe.
  • Will Perform —
  • Sume — Sume provides agent-native video generation APIs and tools for creating avatar-based and UGC-style videos. The company offers Sume Avatar 1.0, a multi-model orchestration system that behaves like a single avatar endpoint for generating talking-head and product-focused clips. Developers use the Sume Developer API and CLI to create reusable avatars,submit structured video generation jobs, track status, and retrieve production-ready media. The platform supports workflows where agents or applications coordinate creative inputs such as avatars, scripts, and product images. Sume for Brands provides an AI creative application that turns product URLs, product assets, and creative direction into ad-ready UGC-style videos. Its services are used for advertising, branded content, and other video-based communication scenarios.
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Latvia Marketplace startups

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Venture - Series Unknown, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $44k–$2.2M; Pre-Seed $44k–$1.2M; Venture - Series Unknown $261k–$9.2M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
  • PulmoBiomed — PulmoBiomed provide clinicians and researchers a non-invasive means of sampling fluids.
  • noc™ — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Latvia Marketplace startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 3821
  • Round size: Seed $125k–$5M; Pre-Seed $25k–$1.5M; Convertible Note $50k–$3.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $306M in 2023

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.
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Access 48,091 investors

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

Browse database — It's Free!
Arthur Watson
Angel · Charlottesville, Virginia, United States · 1 investments in Latvia Marketplace startups

Arthur Watson - CFO @ Castle Hill

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Investment focus

  • Industry: Drones, Robotics
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Airdog — We build smart robots that bring unprecedented value to its owners.
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NuVX Capital
VC Fund · 1 investments in Latvia Marketplace startups

Company’s strategy is to assemble a diversified portfolio of investments in leading deep tech technology companies.

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Investment focus

  • Industry: Artificial Intelligence, Software, Drones
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Russian Federation, United States, Malta

Investor stats

  • Total investments: 13
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Imot.io — Imot.io converts phone calls to text, determines the reasons for appeals, recognizes customer emotions, and alerts employees when they make mistakes. The call database contains information about lead generation and missed sales. It enables one to assess how well staff are able to handle disputes. It enables people to prevent clients from switchingto competitors.
  • Neatsy.ai — Access top orthopedic surgeons virtually for you and your family. Expert guidance, virtual consultations, and comprehensive support from injury to full recovery at a reasonable cost.
  • Proaction.pro — Proaction testing system was developed based on the experience of domestic HR experts in banking, telecommunications, commercial, construction and other industries.
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Angelsdeck Global Ventures
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia Marketplace startups

AngelsDeck Global Ventures. Joint investments and exclusive community.AngelsDeck was created:01 For comfortable and mutually beneficial communication among its members, who share venture capital and self-development values. 02 For priority access to venture capital deals with a recommendation from trusted syndicators.03 By and forinvestors who have an impeccable business reputation and capital transparency.Our Values:* Expertise * We are proud of our members' combined expertise. We create and maintain an environment where all members can conveniently and comfortably share their valuable knowledge.* Exclusivity * In the venture capital market, there is a lot of competition among investors for promising projects. We showcase exclusive deals that are not on the surface.* Syndication * We have created a marketplace where experienced syndicate investors can compete for members' attention by the quality of their deals. Everyone can try the role of a syndicator.* Communication * "As a fish needs water, an investor needs a network," and we have created an exclusive club with a unique atmosphere of online and offline communication between members of equal enthusiasm, aspiration, and motivation.

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Investment focus

  • Industry: Artificial Intelligence, Software, Education
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 50
  • Round size: Seed $231k–$6M; Angel $80k–$895k; Pre-Seed $200k–$870k
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • CLOSO — Source pallets on the Closo wholesale marketplace, crosslist inventory across marketplaces, and run your liquidation business on Closo Liquidators OS.
  • Rhino — First-class armored rides
  • Receiptable — Deliver digital receipts to an app already installed on consumers' phones. Unlock the receipt data to better monetise your customers through more personalised services. We deliver convenience, augmented data and positive impact for the environment.
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Christopher Hulls
Angel · Point Reyes Station, California, United States · 1 investments in Latvia Marketplace startups

Christopher Hulls is based out of Point Reyes Station, California and is the Co-founder and Executive Chairman of Life360. Christopher previously worked at Goldman Sachs. Christopher Hulls attended the University of California, Berkeley.

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Investment focus

  • Industry: Apps, Drones, Mobile
  • Stage:Seed, Series A
  • Geography: United States, Latvia

Investor stats

  • Total investments: 4
  • Round size: Seed $2.5M–$7.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Arketa — Online and in-person classes, video on-demand, courses and website hosting - all in one platform with arketa.
  • Adgile Media Group — Adgile Media Group is the nation’s leading tech-enabled, data-driven out-of-home media company
  • Airdog — We build smart robots that bring unprecedented value to its owners.
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Harry Cheung
Angel · San Francisco, California, United States · 1 investments in Latvia Marketplace startups

Harry Cheung is a Board Member at Roostify.

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Investment focus

  • Industry: Internet, Apps, Hotel
  • Stage:Seed
  • Geography: United States, Latvia

Investor stats

  • Total investments: 3
  • Round size: Seed $1.4M–$2.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Secret — Secret offers an online platform that enables users to share their personal secrets with other users anonymously. It owns and operates a mobile application that helps users to share and connect with friends. The company was founded in 2015 and is headquartered in San Francisco, California.
  • Recharge Labs — Overview Need a place to nap or shower in the city? Instantly book a luxury hotel room near you and pay by the minute.There's no need to book in advance or to tell the hotel how long you plan to stay. Your room is ready for you the moment you book – 24/7. Stay for as long as you want, then tap check out when you’re ready to leave.Recharge is currently available in San Francisco.
  • Airdog — We build smart robots that bring unprecedented value to its owners.
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Eleving Group
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Marketplace startups

Eleving Group is a publicly listed international financial technology company founded in 2012. The Group operates in 18 countries across three continents, providing vehicle financing, smartphone financing, and consumer loan services.

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Investment focus

  • Industry: Computer, Software, Consulting
  • Stage:Pre-Seed, Venture - Series Unknown
  • Geography: Latvia, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sell.xyz — Sell.xyz is a one-stop ecommerce solution connecting the new generation of creators and merchants with dropshipping and wholesale suppliers. A new platform revolutionizing the print-on-demand industry
  • When You Move — Compare quotes from vetted conveyancers, surveyors and removal companies in one place. Save up to 70% and skip the endless research. Your home moving hub.
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IT-Farm
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Latvia Marketplace startups

IT-Farm is a venture capital firm which specializes in seed, start-up, and early stage companies. It primarily invests in mobile, big-data, connected car, IoT, OTT service, Helth care, Bio Tech and other IT industries. The firm actively invests in SF bay area and Japan, as well as other geometries including Asia and Europe. We support portfolio companies, especially on the partnership with Japanese enterprises.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Series A, Series B
  • Geography: United States, Japan, Germany

Investor stats

  • Total investments: 136
  • Round size: Seed $1M–$7.5M; Series A $1.6M–$16M; Series B $2.5M–$36M
  • Lead/follow: 10% lead, 90% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Ubitus — As cloud gaming enablers, Ubitus' GPU virtualization, Streaming technology and hybrid cloud deployment can serve different kinds of solutions for Telco, Game companies to quick enter cloud gaming market. Moreover, Ubitus provide Global distribution and New Media content solution for new media studio and fashion brand to help them distribute rich media contents worldwide.
  • POPS Worldwide — POPS Worldwide is the leading digital entertainment company in Southeast Asia. With over 4 billion monthly views of its music and entertainment content, POPS is the fastest growing digital entertainment media company with hundreds of artists, content creators and partners from broadcast television, publishing and production in the POPS Network.POPS also produces a wide variety of original content for its industry-leading owned and operated channels like POPS Music, POPS Kids, POPS TV, Beauty Me, HerVoice and CoolTV that target highly sought after demographics: teens, kids, women and men.
  • Global Equipment Services — As a strategic partner to developers of multi-sector products, Averna provides innovative automated testing tool and quality assurance solutions.
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Social Discovery Group
VC Fund · New York, New York, United States · 1 investments in Latvia Marketplace startups

Social Discovery Group is the world's largest group of social discovery companies. It unites more than 40 brands, an investment fund and a venture studio.

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Investment focus

  • Industry: Apps, Internet, Mobile
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: United States, United Kingdom, China

Investor stats

  • Total investments: 41
  • Round size: Seed $1.1M–$4M; Series A $3.5M–$15M; Venture - Series Unknown $500k–$3M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Flure — Flure is a dating app designed to create an open-minded environment for women to meet and converse with like-minded people.
  • My NFT Wars — My NFT Wars is an innovative open-market collectible game with a strong emphasis on RPG and strategy elements. Collect heroes and build your strategy for victory in PVP and PVE battles. Join the world, full of the never-ending struggle for resources, territorial conquest, and political domination.
  • Queer Spaces — Spaces is a group chat platform for building queer communities, and the first app to serve the entirety of the LGBTQ+ spectrum.
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Rustam Gilfanov
Angel · 1 investments in Latvia Marketplace startups

Rustam Gilfanov, a business angel and a venture partner of the LongeVC investment fund.

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Investment focus

  • Industry: Blockchain, Health Care, Marketplace
  • Stage:Seed
  • Geography: Hong Kong

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Longenesis — Promoting collaboration between biomedical institutions, patient organizations and research partners by identifying biomedical data from metadata files, by onboarding population cohorts and by engaging new patients in the research.
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Dan Bragiel
Angel · San Francisco, California, United States · 1 investments in Latvia Marketplace startups

Dan Bragiel has co-founded 2 companies and has been involved in startups for the past 10 years. He began with mobile gaming at Paragon 5 focusing on running the offices in Poland, Netherlands and Argentina. He then co-founded the startup Meetro, a pioneer in the location/mobile space. He then went on to start Lefora that was sold in 2010.

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Investment focus

  • Industry: Software, FinTech, Logistics
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Finland, Latvia

Investor stats

  • Total investments: 16
  • Round size: Seed $600k–$5M; Series A $9M–$9M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Enevo — Enevo works with its customers to transform the financial, environmental and social impact of waste. Founded in 2010, Enevo began providing waste data from dumpster sensors using its proprietary analytics software. Enevo now provides full management of waste and recycling services for restaurant, retail and commercial property customers throughoutNorth America. It provides the first predictive end-to-end solution that automates the whole planning and operations of waste and recycling logistics.Enevo has raised more than $34M in private equity funding to date and continues to invest in technology and new processes to deliver the peace of mind its customers need.
  • Jerry — Jerry simplifies the expensive, frustrating, and time-consuming aspects of car ownership.
  • Jerry — Jerry compares 100+ insurers, tracks repairs and recalls, offers roadside help and helps you drive safer. One app to make ownership easier.
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Amazon Web Services
VC Fund · Seattle, Washington, United States · 1 investments in Latvia Marketplace startups

Amazon Web Services offers reliable, scalable, and inexpensive cloud computing services. Free to join, pay only for what you use.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Grant, Non-Equity Assistance
  • Geography: United States, United Kingdom, Brazil

Investor stats

  • Total investments: 232
  • Round size: Grant $7k–$1M; Non-Equity Assistance $16k–$1M
  • Lead/follow: 71% lead, 29% follow

Portfolio highlights

  • FOTOhub — Complete AI platform for creators. Generate images & video AI, unlimited storage, Cloud GPU & API.
  • Ednition — Our product, RosterStream, makes rostering awesome. Edtech rostering as a service platform.
  • Forlex — Forlex (formerly Intelijus) is pioneering a revolution in legal technology by transforming our platform into a powerful legal agentic ecosystem. At the core of our innovation is LIVIA—a dynamic legal agent that seamlessly integrates advanced AI workflows with robust agentic flows to redefine legal operations.LIVIA goes beyond traditionalautomation. It is engineered to serve as a strategic legal agent, optimizing complex operational processes while delivering precise, data-driven insights. Our cutting-edge generative AI and natural language processing capabilities empower legal professionals to shift their focus from administrative tasks to what truly matters: championing justice.We envision a future where legal services are not only efficient but universally accessible. By establishing our technology as the cornerstone of global legal decision-making, Forlex is setting new industry standards for accuracy, efficiency, and transformative impact. Join us as we lead the charge toward a new era in legal innovation.
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Scandiweb
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Marketplace startups

scandiweb is an enterprise eCommerce agency and consulting partner for leading B2C and B2B brands.Our work is focused on bringing clarity across eCommerce development and delivery. We fix setups where progress is slowed by fragile legacy platforms, underperforming partners, or stalled growth, while costs increase. Our expertise includes but isnot limited to complex builds on Magento (Adobe Commerce), Salesforce Commerce Cloud, SAP Commerce Cloud, Shopify, and BigCommerce.We are the strategic partner behind end-to-end digital experiences: the tech foundation for the platforms customers interact with, design of journeys that drive conversion, digital marketing for the performance and visibility that support demand, and the data that leadership teams rely on to make decisions. Our delivery is always tied back to specific business problems and outcomes.scandiweb works exclusively with enterprise-scale eCommerce organizations. Our partnerships include Ford, PUMA, The New York Times, Boy Scouts of America, and 700+ global industry leaders.

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Investment focus

  • Industry: SaaS, Sports, Tennis
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tournated — Tournated is an all-in-one sports management software that empowers sports organizations to efficiently manage, grow, and monetize their operations. Our solution allows organizations to create custom online platform(s), automate and simplify the management of leagues, clubs, tournaments, and other events, boost audience engagement, and processpayments effortlessly. Our white-label solution is well-suited for sports ministries, federations, and other organizations seeking to unify all their operations and activities under a single hub, and facilitate the collection, management of sports-related data.*play.tournated.com serves as a self-service platform and data aggregator, delivering valuable insights into sports activities.
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Ilya Suharenko
Angel · 1 investments in Latvia Marketplace startups

Ilya Suharenko, a private investor and one of the Managing Partners of LongeVC.

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Investment focus

  • Industry: Blockchain, Health Care, Marketplace
  • Stage:Seed
  • Geography: Hong Kong

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Longenesis — Promoting collaboration between biomedical institutions, patient organizations and research partners by identifying biomedical data from metadata files, by onboarding population cohorts and by engaging new patients in the research.
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Industra Bank
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Marketplace startups

Industra Bank focuses on partnering with small and medium-sized businesses to provide services essential to their growth.

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Investment focus

  • Industry: Mining, Rental, Agriculture
  • Stage:Seed
  • Geography: Latvia, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • OxDrive — OxDrive specializes in the design and manufacture of rugged, integrated electric drives for off-highway applications such as agritech and construction.
  • OX Drive — Carguru is the first car sharing service in Latvia. All costs, including petrol, car parks and insurance, are included in the fee.
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Dean Dorrell
Angel · Sydney, New South Wales, Australia · 1 investments in Latvia Marketplace startups

Dean Dorrell is based out of Sydney, New South Wales, and is the partner of Carthona Capital. Dean previously worked at Ensu as a director. Dean Dorrell attended the University of Nottingham.

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Investment focus

  • Industry: FinTech, Financial Services, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Australia, United Kingdom, United States

Investor stats

  • Total investments: 38
  • Round size: Seed $463k–$4.6M; Series A $2.7M–$12M; Series B $7M–$13M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • Qlarifi — Qlarifi is the first real-time BNPL consumer credit database.
  • Credible — As a multi-lender marketplace that allows borrowers to receive competitive loan offers from its vetted lenders, Credible empowers consumers to take control of their finances. After answering a few questions about themselves, consumers can receive rates without affecting their credit score or sharing their personal information with lenders untilthey're ready to proceed with an offer.Credible is fiercely independent and committed to delivering fair and unbiased financial solutions for millennials.
  • Airdog — We build smart robots that bring unprecedented value to its owners.
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ALTUM
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Marketplace startups

ALTUM is a state-owned development finance institution, which offers state aid for various target groups with the help of financial tools (such as loans, credit guarantees, investing in venture capital funds, etc.). ALTUM develops and implements state aid programmes to compensate for the market's shortcomings that can't be solved byprivate financial institutions.

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Investment focus

  • Industry: Internet, Made to Order, Delivery Service
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Viangoo — Viangoo Uses a mobile application to order cargoes of dolomite, gravel, sand, and other building supplies. Viangoo helps Make an order easy and allows you to track the cargo delivery procedure. You may get precise delivery times, track the whereabouts of cars in real-time on a map, and get instant information on the cargo that has been delivered.It facilitates more effective financial accounting, improves delivery scheduling, and releases staff.
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Jay Zaveri
Angel · San Francisco Bay Area, California, United States · 1 investments in Latvia Marketplace startups

Jay Zaveri is based out of Palo Alto, California and is the Founder & Partner of Natural Capital. Jay previously worked at Groq as a Board Director. Jay Zaveri attended the NALSAR. Jay Zaveri has received 18 awards for his work in cartoons and new media technology, including the Best Animated Short award at the Hollywood Film Festival.

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Investment focus

  • Industry: Health Care, Biotechnology, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, Japan, Canada

Investor stats

  • Total investments: 72
  • Round size: Seed $1M–$4M; Series A $3M–$25M; Series B $25M–$6B
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Cleerly — Cleerly is a healthcare company whose mission is to create digital care pathways to prevent heart attacks. The company develops a new standard for coronary artery disease by integrating quality clinical science with the latest-generation AI, in order to offer actionable clinical insights to every stakeholder in the heart care pathway.Throughthese data-driven solutions, the company aims to provide a comprehensive solution for cardiovascular disease evaluation that offers value to the healthcare system and improves heart health for patients at risk of heart attacks.
  • Litterati — Litterati is an app that encourages users to pick up and track litter.The app plans to let users join groups, so that schools, clubs, and other communities can track their collective efforts rather than having to go solo. It will also introduce maps, so litter-pickers can see what else is being picked up in their neighborhoods.
  • Kingdom — Kingdom Supercultures create microbial cultures that help food manufacturers to create new foods with boosted benefits. It re-assembles nature's microbes into new combinations, creating plant-based foods that taste like dairy, low-alcohol beverages with full flavor, and natural preservatives that work as well as artificial ones.They workwith clients across diverse industries including food, beverage, personal care, beauty, and more. Their technology comprises an expansive biobank of GRAS microbial strains, high-resolution strain characterization, and new algorithms for predicting and assembling microbial communities.
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Andris K. Berzins
Angel · Riga, Riga, Latvia · 1 investments in Latvia Marketplace startups

Andris K. Berzins is the Managing Partner at Change Ventures. He attended Stanford University Graduate School of Business.

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Investment focus

  • Industry: E-Commerce, B2B, Aerospace
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Latvia, United States, Spain

Investor stats

  • Total investments: 12
  • Round size: Seed $1M–$9M; Pre-Seed $653k–$2.6M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • Reach.ly — Struggling with lead generation? Reachly helps B2B businesses book more calls & close more deals through multi-channel outreach. Get started today!
  • Printify — Sell custom t-shirts, phone cases, and 800+ products with your designs printed on demand. We will handle printing and shipping to your customers.
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Konstantin Othmer
Angel · Mountain View, California, United States · 1 investments in Latvia Marketplace startups

Konstantin Othmer is the Co Founder & CEO at Speechpad.

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Investment focus

  • Industry: Automotive, Health Care, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: United States, Latvia, Germany

Investor stats

  • Total investments: 16
  • Round size: Seed $520k–$18M; Pre-Seed $1M–$2.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • aiomics — Aiomics | Back to your calling.Across Europe, healthcare providers lose hours every day to fragmented documentation—handwritten notes, scanned PDFs, dictations, disconnected IT systems. The result: burnout, missed revenue, and patients feeling like they’re asked the same question three times.Aiomics changes this. Our AI-driven co-pilot capturesevery clinical detail—speech, handwriting, digital notes—and validates it in real time with a human-in-the-loop process. Interactive checklists surface missing information before the patient leaves, and audit-ready records flow straight back into existing systems. Built for GDPR, MDR, and the EU AI Act from day one, Aiomics makes documentation complete, compliant, and instantly usable.We don’t replace EHRs—we make them better. From admission and discharge reports to insurer forms, from therapist briefings to patient-friendly letters, Aiomics turns paperwork from a burden into an asset. For providers, that means fewer errors, faster reimbursements, and—most importantly—more time at the bedside.Our mission: to empower healthcare professionals by removing administrative burdens and elevating their decision-making with trusted AI guidance—so they can reconnect with why they chose this vocation in the first place.Who we are: Aiomics is co-founded by Dr. Sven Jungmann, a physician with frontline experience of administrative overload; Dr. Nikita Tarasov, a physicist and data scientist; and a lawyer who scaled one of Europe’s largest digital service companies. Together, we unite empathy, technical mastery, and regulatory expertise to build the trusted co-pilot for Europe’s healthcare providers.
  • elasticStage — Create your own vinyl or CD today. Upload music & artwork, order copies, or sell to fans for free with elasticStage. No costs, shipped in weeks not months.
  • YOUTH — Full health check-up in less than 2 minutes!
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Mintos
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Marketplace startups

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.

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Investment focus

  • Industry: Consulting, E-Commerce, Marine Technology
  • Stage:Grant, Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sell.xyz — Sell.xyz is a one-stop ecommerce solution connecting the new generation of creators and merchants with dropshipping and wholesale suppliers. A new platform revolutionizing the print-on-demand industry
  • SUBmerge Baltic — Advanced autonomous underwater vehicles for defense, security, and large-scale maritime operations.
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Piotrs Nechajevs
Angel · 1 investments in Latvia Marketplace startups

Piotrs Nechajevs is a tennis expert and managing director of a tennis club.

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Investment focus

  • Industry: SaaS, Sports, Tennis
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tournated — Tournated is an all-in-one sports management software that empowers sports organizations to efficiently manage, grow, and monetize their operations. Our solution allows organizations to create custom online platform(s), automate and simplify the management of leagues, clubs, tournaments, and other events, boost audience engagement, and processpayments effortlessly. Our white-label solution is well-suited for sports ministries, federations, and other organizations seeking to unify all their operations and activities under a single hub, and facilitate the collection, management of sports-related data.*play.tournated.com serves as a self-service platform and data aggregator, delivering valuable insights into sports activities.
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Shijiazhuang Chaofeng Sports
VC Fund · 1 investments in Latvia Marketplace startups

Shijiazhuang Chaofeng Sports is an established company in the racket sports industry.

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Investment focus

  • Industry: SaaS, Sports, Tennis
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tournated — Tournated is an all-in-one sports management software that empowers sports organizations to efficiently manage, grow, and monetize their operations. Our solution allows organizations to create custom online platform(s), automate and simplify the management of leagues, clubs, tournaments, and other events, boost audience engagement, and processpayments effortlessly. Our white-label solution is well-suited for sports ministries, federations, and other organizations seeking to unify all their operations and activities under a single hub, and facilitate the collection, management of sports-related data.*play.tournated.com serves as a self-service platform and data aggregator, delivering valuable insights into sports activities.
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ZenStone Venture Capital
VC Fund · Santa Clara, California, United States · 1 investments in Latvia Marketplace startups

Introduction of the investment thesis of ZenStone Venture Capital: Investing in passionate founders with extraordinatry vision and execution at post seed and early venture stages.

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Investment focus

  • Industry: FinTech, Financial Services, Real Estate
  • Stage:Series A, Seed, Series B
  • Geography: United States, Brazil, Canada

Investor stats

  • Total investments: 46
  • Round size: Seed $500k–$2.9M; Series A $2.2M–$12M; Series B $3M–$50M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Bolt — Bolt makes Ecommerce better with One-Click Checkout and CheckoutOS. See how Bolt checkout boosts your sales today.
  • EquityZen — EquityZen's mission is to improve the way startup employees are paid by unlocking the value of their equity compensation in a way that benefits all key players: the shareholder, the company, and the investor.
  • DecorMatters — Discover home decor ideas and interior design inspiration. Shop your favorite furniture stores and socialize with other interior designers.
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Herman Kienhuis
Angel · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Latvia Marketplace startups

Founder and managing partner of River Venture Partners angel syndicate. Venture partner at VC firm Newio. Tech investor focused on early-stage investments in B2B software companies in Northern Europe. Supporting investors and entrepreneurs in building digital businesses that change people's lives. Former chemical engineer, strategist, digital product development executive, founder of SanomaVentures and Managing Director of KPN Ventures.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: The Netherlands, Finland, Denmark

Investor stats

  • Total investments: 76
  • Round size: Seed $453k–$3.3M; Pre-Seed $797k–$1.7M; Series A $2.3M–$12M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Singa — Turn your computer, mobile or smart TV into a karaoke machine. A huge song library: pop, rock, hip hop and more. Get the free Singa karaoke app today!
  • Fledger — Fledgerr develops cutting-edge equity management solution.
  • Contentoo — Contentoo is Europe’s leading platform for content marketing talent built to help rising companies work with the full power of content. We offer a global pool of pre-screened freelance writers, localisation experts, designers, strategists, and many other creatives combined with best-in-class tools to level up your content creation.Visitwww.contentoo.com for more information.
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Madara Cosmetics
VC Fund · Marupe, Rigas, Latvia · 1 investments in Latvia Marketplace startups

Madara Cosmetics provides skincare, hair care, and infant care items. They provide goods like moisturizers, oils, serums, masks, peels, CC creams, and more for the skin. For body washes, lotions, body oils, and more. They provide a range of brands.

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Investment focus

  • Industry: Cosmetics, E-Commerce, Information Technology
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Selfnamed — Private label cosmetics with no minimum order. Start your own skincare or makeup brand with 200+ products, your label, and shipping from the EU and US.
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Carthona Capital
VC Fund · Sydney, New South Wales, Australia · 1 investments in Latvia Marketplace startups

Carthona Capital is a hands-on, proactive, and thematic venture capital investor based in Sydney, Australia that invests globally.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Australia, United States, United Kingdom

Investor stats

  • Total investments: 129
  • Round size: Seed $469k–$5M; Series A $3.3M–$17M; Series B $10M–$50M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • PREVE — Supporting back-to-back physios with their daily caseload, simplifying admin whilst making the patient experience more enjoyable. Preve does the admin work for practitioners. One click clinical notes, treatment plans, home rehab and documents.
  • LendUs — LendUs caters for all different types of home loan requirements for consumers. The platform is designed to provide a simple home loan experience, completing much of the application preparation.
  • Hubble Network — Connect a Bluetooth device to a global satellite network, delivering affordable, low-power tracking and monitoring for diverse industrial and commercial applications.
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Angels Band
VC Fund · Minsk, Minsk, Belarus · 1 investments in Latvia Marketplace startups

AngelsBAND - business-angels in Belarus, support for startups with brainy funding

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Investment focus

  • Industry: E-Commerce, B2B, B2C
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 6
  • Round size: Seed $57k–$329k; Pre-Seed $265k–$358k
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • ZENOO — ZENOO is the healthiest Dog food subscription service. We use human grade ingredients and Freeze drying technology to deliver 100% nutritional value. Dog health has been deteriorating since 1970s. Since then, dog population experienced 900% increase in diabetes and 50% likelihood of developing cancer. Result - loss of a loved pet and huge vetbills. Pet care services are worth 190BN EUR globally and ±5.2% CAGR reaching 270BN EUR in 2025. TAM in the EU is ±14B EUR for premium dog food ±5% CAGR (cat owners audience is the same size). We are a D2C brand within EU at the moment and are developing B2B partnerships in APAC and EMEA regions.
  • CopyMonkey.AI — Generate Amazon titles, bullet points, and descriptions with keywords. Start free, no credit card. CopyMonkey is now part of Jinnify.
  • Zenoo — Whether building from ground up or improving your current onboarding journey, Zenoo is the provider of choice for startups to global institutions.
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JOINT JOURNEY
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Latvia Marketplace startups

Active investment firm that calling founders with a great product vision across diverse industries

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 120
  • Round size: Seed $40k–$4.1M; Pre-Seed $30k–$621k
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Renova — AI-driven no-code platform for insurance industry.
  • Whizz — Whizz is a provider of subscription-based rental services intended to offer monthly rental of last-mile vehicles to delivery drivers. The company also provides technical service and support during the entire subscription period enabling users to rent a handheld vehicle without having to worry about maintenance and repair. Whizz's e-bikes aredesigned to make delivery fast and easy.
  • inspace — inspace is the innovative platform that streamlines workplace management and optimizes space utilization. Elevate your workplace experience with inspace.
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Luminor Bank
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Marketplace startups, 6 in the past 12 months

Luminor Bank offers a range of financial products including the Luminor Black card, consumer loans, housing loans with lower interest rates for energy-efficient homes, and free debit cards for kids and youngsters aged 6 to 21. New customers can enjoy the Luminor Black card package free for the first two months. Additionally, they provide services like easy remote onboarding and access to partner discounts through the Luminor Plus Club. The bank also promotes its II Pillar Pension Funds for savings and retirement planning .

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Investment focus

  • Industry: Wood Processing, Baby, Sales
  • Stage:Debt Financing
  • Geography: Latvia, Italy

Investor stats

  • Total investments: 7
  • Round size: Debt Financing $988k–$8.7M
  • Lead/follow: 100% lead, 0% follow

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.
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Sun Finance Group
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Marketplace startups

The fastest growing fintech in Europe

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Investment focus

  • Industry: Consulting, E-Commerce, E-Commerce Platforms
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sell.xyz — Sell.xyz is a one-stop ecommerce solution connecting the new generation of creators and merchants with dropshipping and wholesale suppliers. A new platform revolutionizing the print-on-demand industry
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The Untitled Venture Company
VC Fund · San Francisco, California, United States · 1 investments in Latvia Marketplace startups

the Untitled Ventures is an early growth stage fund specializing in deep tech from Eastern Europe. Find out how we develop innovative startups into international businesses.

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 25
  • Round size: Seed $125k–$1.6M; Pre-Seed $150k–$600k; Convertible Note $100k–$790k
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

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
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Andrej Jakovlev
Angel · 1 investments in Latvia Marketplace startups

Andrej Jakovlev

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Investment focus

  • Industry: B2B, E-Commerce, Marketplace
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • machinesearch.io — B2B MARKETPLACE For machinery & equipment that is target to all globe. It is one of the biggest niche sectors that takes billions worldwide while buying and selling different machinery. Looking for VENTURE INVESTOR (we have ready prototype that need to be modified for full operation work. Prototype already attracted some clients fromNetherlands, USA, Russia, Ukraine, malaysia, Finland, Latvia, Lithuania, Indonesia, India, Pakistan …). Marketplace already show great results.
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Luminor Latvija
VC Fund · 1 investments in Latvia Marketplace startups, 6 in the past 12 months

Luminor is the third-biggest provider of financial services in the Baltic States and the top independent bank. Our objectives are to promote change, engage with society, influence the economy with an eye toward the future, and benefit the area.

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Investment focus

  • Industry: Baby, Retail, Children
  • Stage:Debt Financing
  • Geography: Latvia

Investor stats

  • Total investments: 6
  • Round size: Debt Financing $1.1M–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • hoppekids — Hoppekids designs and sells furniture and accessories for children’s rooms, focusing on beds, storage, and complementary décor. The company offers a wide range of children’s beds including junior beds, mid sleeper beds, loft beds, bunk beds, house beds, and four poster beds along with matching bed accessories. Hoppekids also provides desks, chairs,shelving systems, wardrobes, toy chests, and other storage furniture for children’s spaces. Its assortment includes mattresses, baby furniture such as cots, cradles, changing tables, and playpens, as well as bedding, cushions, play tunnels, and themed bed textiles. Many products are made from solid pine wood and some bed series are TÜV-certified and Nordic Swan Ecolabelled. Hoppekids sells its products through its online shop and selected retailers.
  • Timbro — Timbro is a forestry technology company that offers forest management, property acquisition, and consultation services.
  • Mūsa Mežciems — Mūsa Mežciems is a automotive dealership & mobility-solutions company, It sells new & used passenger vehicles, provides servicing.
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Seraph Group
VC Fund · Foster City, California, United States · 1 investments in Latvia Marketplace startups

Seraph Group invests and shares exclusive, early-stage investment opportunities.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Latvia

Investor stats

  • Total investments: 77
  • Round size: Seed $600k–$6.1M; Series A $2M–$23M; Series B $5.5M–$51M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: May invest from a new fund soon — raised $3.6M in 2014

Portfolio highlights

  • Lightsprint — LightSprint is the software factory for product teams. PMs, designers and ops build in a shared cloud workspace while engineering controls every merge.
  • Venus Aerospace — Venus Aerospace is a space company that provides an innovative approach to hypersonic transportation. Venus Aerospace is a startup aerospace company focused on engineering the future of hypersonic flight. We are making one-hour global transport possible to connect the world and make it safer.The company is an expert team of PhDs, rocketscientists, and engineers taking on the biggest challenges in aerospace at Mach 9 speed. The company also takes pride in being moms and dads, military veterans, and BBQ enthusiasts.
  • 4AG Robotics — Revolutionizing mushroom farming with robots that pick, trim, and pack. Our automation solutions boost quality, yield, and value for farmers worldwide.
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Swedbank
VC Fund · 1 investments in Latvia Marketplace startups

Swedbank is the main portal for individual customers in Latvia to access Swedbank’s financial services. Secure online access for managing accounts, making payments, and ordering products.

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Investment focus

  • Industry: Internet, Made to Order, Delivery Service
  • Stage:Debt Financing
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Viangoo — Viangoo Uses a mobile application to order cargoes of dolomite, gravel, sand, and other building supplies. Viangoo helps Make an order easy and allows you to track the cargo delivery procedure. You may get precise delivery times, track the whereabouts of cars in real-time on a map, and get instant information on the cargo that has been delivered.It facilitates more effective financial accounting, improves delivery scheduling, and releases staff.
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Merito Partners
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Marketplace startups

Merito Partners is a growing private investment company operating in Latvia and the New Nordics.

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Investment focus

  • Industry: Furniture, Smart Home, Smart Building
  • Stage:Seed, Private Equity
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • TapBox — Tapbox is a self-service solution provider for catering, cinema, entertainment, hotel, ticketing, customer servicing, and more.
  • MYCABIN — MYCABIN offering small wooden frame holiday homes in different sizes that can be combined as a set.
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River Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Latvia Marketplace startups

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

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Investment focus

  • Industry: Internet, Software, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: The Netherlands, Finland, Latvia

Investor stats

  • Total investments: 23
  • Round size: Seed $420k–$2.4M; Angel $60k–$800k
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Fledger — Fledgerr develops cutting-edge equity management solution.
  • Contentoo — Contentoo is Europe’s leading platform for content marketing talent built to help rising companies work with the full power of content. We offer a global pool of pre-screened freelance writers, localisation experts, designers, strategists, and many other creatives combined with best-in-class tools to level up your content creation.Visitwww.contentoo.com for more information.
  • Clubee — Manage your club with ease. Websites, Member Management, Communication, Finance, Sponsorships and more.
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Vinny Lingham
Angel · San Francisco Bay Area, California, United States · 1 investments in Latvia Marketplace startups

Vinny Lingham is the Co-Founder and CEO of Rumi.ai(Waitroom). He previously worked at YPO as a Member. Vinny Lingham attended Harvard Business School Executive Education.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Internet
  • Stage:Seed, Angel
  • Geography: United States, South Africa, United Kingdom

Investor stats

  • Total investments: 40
  • Round size: Seed $1.2M–$5.6M; Angel $125k–$500k
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Glif — Interoperable tools for the Filecoin network
  • Afterparty — Afterparty is a technology company behind the new Web3 platform enabling creators to directly monetize and manage NFT collector relationships
  • Shield USDT — You move millions. Bank like it. US bank accounts, business credit cards and fast overseas payments in dollars or stablecoins for international wholesalers.
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Chris Sang
Angel · Sydney, New South Wales, Australia · 1 investments in Latvia Marketplace startups

Venture Capitalist, Managing Partner, Chief Technology Officer

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Investment focus

  • Industry: Software, E-Commerce, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Australia, India

Investor stats

  • Total investments: 135
  • Round size: Seed $343k–$4M; Pre-Seed $120k–$900k; Series A $2.5M–$21M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Cloobot Inc — Cloobot X: Your Premier Software Implementation transforms your vision into reality with our state-of-the-art software implementation studio. Leveraging cutting-edge AI technology, our expert team delivers rapid, efficient, and innovative solutions tailored to your unique business needs.
  • Tokenise — Tokenise acts as a data layer for web3 projects and their tokens. We help founders build their tokens simply, mint/launch their tokens on-chain and then manage their tokens in one place. Tokenise enables founders to curate rich data rooms that make it easier for investors to get onboard. We empower community with unprecedented insights andaccessibility into their favourite projects and their tokens.
  • Bloodstock Advantage — Stealth
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Toivo Annus
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Marketplace startups

Active individual investor in flying drones, also looking at payments and ecommerce.

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Investment focus

  • Industry: E-Commerce, Software, FinTech
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Singapore, United States, Estonia

Investor stats

  • Total investments: 37
  • Round size: Seed $1.4M–$3M; Series A $2M–$6M; Venture - Series Unknown $1.1M–$12M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • Enview — Our 3D cameras and virtual tour software platform help you digitize your building, automatically create 3D tours, 4K print quality photos, schematic f
  • GOSU Data Lab — Try the World`s first game voice assistant to master the game effortlessly. Learn more - how it works and how can it help you.
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Marketplace Investor funding in Latvia at a glance

Stats across 87 deals from 82 investors.

82
investors
in Latvia Marketplace startups
87
deals
in Latvia Marketplace startups
$226k
median round
in Latvia Marketplace startups
43%
lead investors
lead at least one round
26%
Seed
most common funding stage
74/26
VC / Angel
share of investor count

Access all 82 investors in Latvia Marketplace startups.

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