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Top 15 Mobile Apps Startup Investors in Latvia (October 2026)

The most active venture capital funds and angel investors investing in Latvia Mobile Apps startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Mobile Apps startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Baltic Tech Ventures
VC Fund
3 Latvia, Lithuania, Estonia Seed, Pre-Seed Software, Information Technology, Mobile Apps $24k–$305k
Expansion Capital
VC Fund
2 Latvia, United States, Norway Seed, Venture - Series Unknown, Debt Financing Manufacturing, Software, Logistics $100k–$2.4M
pirate equity
VC Fund
2 Latvia, Poland, Lithuania Convertible Note Sales, Software, Apps $30k–$30k
Change Ventures
VC Fund
1 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$39M
Exantech
VC Fund
1 Latvia Venture - Series Unknown iOS, Gaming, Android
Raiffeisen Bank International
VC Fund
1 Austria, The Netherlands, Israel Debt Financing, Post-IPO Debt, Seed Energy, Renewable Energy, Software $2M–$755M
Marat Kichikov
Angel
1 United States, The Netherlands, Canada Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Software $1k–$15M
Caucasus Ventures
VC Fund
1 United States, Estonia, Georgia Seed, Pre-Seed, Series B Artificial Intelligence, Software, SaaS $50k–$2.5M
VK (ex. Mail.Ru Group)
VC Fund
1 Russian Federation, United States, Cyprus Seed, Series A, Corporate Round Social Media, Education, Mobile Apps $500k–$126M
AdFirst.vc
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed, Series A FinTech, Financial Services, Internet $100k–$12M
StartersHub
VC Fund
1 United States, Turkey, Germany Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, Information Technology $20k–$884k
Imprimatur Capital Fund Management
VC Fund
1 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $55k–$690k
Mamba
VC Fund
1 Latvia Seed Mobile Apps, Social Media, Social Network
Alex Hofmann
Angel
1 France, Latvia, Germany Series A, Seed Fashion, Textiles, Mobile Apps $21M–$45M
Iron Wolf Capital
VC Fund
1 Lithuania, Estonia, United Kingdom Seed, Series A, Pre-Seed Software, Information Technology, SaaS $120k–$7.3M
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Investor list

Baltic Tech Ventures
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia Mobile Apps startups

Baltic Tech Ventures is the only publicly traded VC fund with an angel group focused on seed and early-stage investment in the Baltic region. BTV angel investors benefit from the ability to invest directly into the Baltics' most promising startups on the same terms as the smartest money in the region. Unlike other VC opportunities, BTVinvestors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup.

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Investment focus

  • Industry: Software, Information Technology, Mobile Apps
  • Stage:Seed, Pre-Seed
  • Geography: Latvia, Lithuania, Estonia

Investor stats

  • Total investments: 10
  • Round size: Pre-Seed $24k–$305k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Getfix — GETFIX is a platform that matches users with handyman and other service providers in just few clicks.
  • Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.
  • LEGID — LEGID is an AI-powered marketplace for on-demand, small in-app consultations from top legal experts across the world. LEGID is building a platform that brings quality legal services, at affordable prices to people across the world. Easy-to-use, intuitive and reliable. A quick and efficient way to get the right, trusted legal advice whetheryou're at home or abroad.It is people centric. Submit a question, get price offers from qualified lawyers around you and resolve your issue without headaches. Quick, affordable and trusted legal advice across the world that puts you in control. The platform allows clients to submit queries, get price offers from lawyers and communicate via a secure, built-in chat system.A platform unites independent lawyers and consultants, with an auction-style system, and team formation for complex jobs (tenders). LEGID allows lawyers to work virtually from anywhere, providing them with an alternative channel for practicing law and fostering a better work-life balance.We are a SaaS-enabled marketplace, a platform combining a marketplace component with SaaS and workflow features (CRM, KYC, Case Management etc.). So it is a SaaS product, but with a marketplace dynamic. We are a platform, which empowers people. We are not focusing only on disrupting the legal industry. We are thinking of how to help people in this industry to be more efficient and active.Currently LEGID App serves its clients in Estonia, Latvia, Lithuania and Poland. Target market is the Europe. Products: Marketplace, AI, B2B SaaS, Web App, Mobile App Industry: Law Tech and Legal Tech
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Expansion Capital
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Mobile Apps 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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pirate equity
VC Fund · 2 investments in Latvia Mobile Apps startups

Micro VC developed to help investors explore new markets and sectors.

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Investment focus

  • Industry: Sales, Software, Apps
  • Stage:Convertible Note
  • Geography: Latvia, Poland, Lithuania

Investor stats

  • Total investments: 6
  • Round size: Convertible Note $30k–$30k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
  • LiveCall — LiveCall is a next-generation phone solution connecting businesses and customers.
  • H-Finance — Infrastructure and compliance for financial institutions to work with digital assets
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Mobile Apps startups

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 65
  • Round size: Seed $500k–$4.2M; Pre-Seed $273k–$2.2M; Series A $1M–$39M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • BirdyChat — One chat for your team, people outside your company, and your agents. Free, built, and hosted in the EU.
  • Giraffe360 — Real estate camera and AI software that turns one property capture into HDR photos, floor plans, 360 virtual tours, videos and property websites.
  • Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.
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Exantech
VC Fund · Valletta, NA - Malta, Malta · 1 investments in Latvia Mobile Apps startups

We work on software products and conduct research in the spheres of cryptography, UX and communications.

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Investment focus

  • Industry: iOS, Gaming, Android
  • Stage:Venture - Series Unknown
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • Beetroot Lab — At Beetroot Lab we develop great games and we love what we do! We are specialising in the field of mobile game development for iOS and Android platforms.
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Raiffeisen Bank International
VC Fund · Vienna, Wien, Austria · 1 investments in Latvia Mobile Apps startups, 6 in the past 12 months

Raiffeisen Bank International specializes in providing banking services. They provide businesses with asset management and investment banking services. They also provide digital services, including mobile banking, electronic banking, and mobile caching.

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Investment focus

  • Industry: Energy, Renewable Energy, Software
  • Stage:Debt Financing, Post-IPO Debt, Seed
  • Geography: Austria, The Netherlands, Israel

Investor stats

  • Total investments: 23
  • Round size: Seed $2M–$8M; Post-IPO Debt $119M–$122M; Debt Financing $23M–$755M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Cefetra Group — Cefetra is an international agri-commodity trading company, who sources worldwide 26 million tons of feed-ingredients (such as corn, wheat and soymeal) and sells it to the European feed, food- and fuel industries.
  • Rezolv Energy — Discover how renewable energy producers are shaping a new era of sustainable power and reducing environmental impact.
  • Sunotec Group — SUNOTEC is a leading European company in the development and construction of large-scale solar power plants, specialising in the end-to-end delivery of future-ready energy infrastructure.
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Marat Kichikov
Angel · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Latvia Mobile Apps startups

Marat is a serial entrepreneur with more than 20 years of experience in the financial industry and early stage investor. He is the founder of several successful companies, including a consumer finance bank, few e-commerce companies and investment fund. He serves on the board of his several portfolio companies (Bioloka, Wow Cube, F3 and RelesticaHolding), utilizing his knowledge and expertise in Blockchain industry which he joined to in 2013 as a partner in Bitfury Group. In both as a fund and as an angel investor, Marat have invested in 30+ fin tech, e-commerce, blockchain technology, educational, healthcare and gaming companies, providing business expertise and financial & advisory support to founders. Marat has a master's degree in finance & business management and a bachelor's degree in law. In his free time, Marat likes surfing and skiing!

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, The Netherlands, Canada

Investor stats

  • Total investments: 26
  • Round size: Seed $1k–$4.3M; Pre-Seed $25k–$700k; Series A $6.1M–$15M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Intropia — Find Web3 jobs and other opportunities, capitalize your network, and hire the best talent.
  • SODA — SODA enables the next generation of consumer crypto and meme coins and allows meme coin developers to leverage Telegram.
  • Metatable.ai — No coding. No developers. Describe your process in plain English; Metatable builds the software, runs it for you, and hands you the keys, typically live in about 30 minutes.
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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 1 investments in Latvia Mobile Apps startups

Caucasus Ventures is a venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Estonia, Georgia

Investor stats

  • Total investments: 41
  • Round size: Seed $106k–$1.9M; Pre-Seed $50k–$2.5M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • youzu — Youzu.ai is an AI-powered platform that transforms interior spaces through computer vision. Users upload room photos to receive instant design visualizations and matching furniture recommendations from major retailers. The platform bridges the gap between interior design inspiration and actual purchasing.
  • Replenit — Transform your repeat purchase revenue with Replenit's AI Decision Engine. Predict exactly when customers need to reorder based on individual consumption pat...
  • Fromfolio — Fromfolio offers an online platform for creating, managing, and sharing professional portfolios to showcase work, projects, and skills.
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VK (ex. Mail.Ru Group)
VC Fund · Leningradskiy, Chukot, Russian Federation · 1 investments in Latvia Mobile Apps startups

Mail.ru Group was founded by Yuri Milner and is the largest Internet company in the Russian-speaking world. It is one of the largest Internet companies in Russia, and the world's seventh largest Internet business in terms of page views. Mail.ru Group operates two of the three largest Russian language social networking sites (Odnoklassniki.ru and Moi Mir@Mail.Ru), the two largest instant messaging networks in Russia (ICQ and Agent), Russia's leading email service, Russia's second largest Internet portal and Russia's largest online games company. Mail also holds strategic equity stakes of 32.49% in vKontakte, Russia's largest social networking site, and 25.09% in QIWI, formerly OE Investments, one of Russia's leading payment-processing companies. It also holds small minority stakes in Facebook, Zynga and Groupon.

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Investment focus

  • Industry: Social Media, Education, Mobile Apps
  • Stage:Seed, Series A, Corporate Round
  • Geography: Russian Federation, United States, Cyprus

Investor stats

  • Total investments: 31
  • Round size: Seed $500k–$3.9M; Series A $1M–$11M; Corporate Round $35M–$126M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Tochka — Tochka provides banking services to SMEs and entrepreneurs.
  • Magisto — Magisto online video editor is a fast & powerful video maker. Turn your photos and video clips into video stories with Magisto movie editor. Start free!
  • O2O Holdings — Formed by a JV between Sberbank and Mail.ru Group, provides an O2O services platform focusing on key areas of food and transportation.
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AdFirst.vc
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Latvia Mobile Apps startups

AdFirst.vc is a venture capital firm designed to co-invest with other VCs in early and expansion stage start-ups. They perform Marketing Due Diligence ads tests for start-ups and help the investor evaluate the reachable audience, check the marketing competencies of the team, and reduce the cost of attracting customers. Testing allows to confirm thecompany's capitalization and eliminate marketing risks. In the future, they oversee the marketing strategy of the project in order to control KPI.

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Investment focus

  • Industry: FinTech, Financial Services, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $100k–$12M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Fideum Group — Explore tailored digital asset solutions for institutions at Fideum. Offering secure banking, custody, trading, staking, and remittance services to help institutions confidently navigate and capitalize on cryptocurrency opportunities.
  • Synchronization — Synchronization is an online course for music, philosophy, fashion and design, architecture, art, psychology, special projects, master classes, and cinema. They provide biology and a healthy lifestyle, film history, and film language.
  • Academy of Changes — Akademiya Peremen is an educational platform that focuses on the life style segment of health, beauty, style, and psychology.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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StartersHub
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Latvia Mobile Apps startups

An early-stage VC that backs, mainly but not limited to, Turkey & CEE's founders who work to disrupt the system for good.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Turkey, Germany

Investor stats

  • Total investments: 67
  • Round size: Seed $50k–$884k; Pre-Seed $20k–$554k; Convertible Note $25k–$30k
  • Lead/follow: 24% lead, 76% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2015

Portfolio highlights

  • FenixPyre — FenixPyre provides Post-Authentication Data Security (PADS) to prevent ransomware, mitigate insider threats, and enforce TPRM. It blocks bad actors from stealing sensitive files, enhancing perimeter security while remaining seamless to users.
  • heybooster — heybooster is the creator of a platform for marketing analysis that aids e-commerce managers in finding chances for revenue growth and in making better choices. It provides clients with digital reporting, online meetings, online communication, an online project management system, and an online playbook that helps them discover problems, findpossibilities for revenue growth, and cut expenses.
  • Visionteractive — Visionteractive develops social media based, fun and interactive physical and digital products, bridging the gap between online and actual world. The company aims to bring a brand together with the target audience by developing various creative products, while enhancing the memorability owing to the interactive experience with the users.Visionteractive was founded on 2013 and is based in Turkey.
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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Mobile Apps 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
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 83
  • Round size: Seed $125k–$690k; Debt Financing $55k–$70k
  • 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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Mamba
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia Mobile Apps startups

Mamba is the number one Russian online dating service, which cooperates with major portals including Mail.Ru, Rambler and MSN.com and over 30,000 others. The company’s database holds over 18.6 million registered users, over 40% of which are active. Mamba primarily targets customers in Russia and the CIS and is also going to launch dating servicesabroad. The business model is centered on the “pay as you go” principle: the users are more inclined to pay for additional instant low cost services, rather than bigger monthly subscription. Company’s billing system is one of the largest in the world with more than 40 possible ways to pay for Mamba’s services. According to various estimates, Mamba controls about 85% of the market.

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Investment focus

  • Industry: Mobile Apps, Social Media, Social Network
  • Stage:Seed
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • F3 — F3 develops a social app for asking questions and creating answers, with all content disappearing in 72 hours. Anonymous or not, this app lets users express themselves and discover new exciting people.
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Alex Hofmann
Angel · Los Angeles, California, United States · 1 investments in Latvia Mobile Apps startups

Hofmann most recently held the role of musical.ly’s President in North America, where he led expansion efforts to build the world’s fastest growing entertainment social network. Within three months of Hofmann joining the team, app downloads increased from 200 to 400,000 per day. musical.ly hit the top of the app chats in 21 countries and has grownto over 200 million users globally.During his time at musical.ly, Hofmann helmed the company’s global content, brand, entertainment, and talent partnerships, in addition to heading all corporate functions for North and South America. He oversaw the closure of deals with all three major music labels and publishers. Under his leadership, the company closed its largest product partnership with Apple Music, as well as original content partnerships with Viacom, NBCU, and Hearst Digital. Hofmann also orchestrated partnerships with top artists like Bruno Mars, Katy Perry, Ariana Grande, Selena Gomez, Jason Derulo and 250+ other artists worldwide.In early 2018, Hofmann announced he was moving on from musical.ly to pursue new ventures following the company’s successful merger with Chinese tech giant, Bytedance. He is currently investing in and advising new startups. He remains an ally and advisor to musical.ly. In 2017, Hofmann was chosen by Variety as one of “30 Execs to Watch” for its Digital Entertainment Impact Report and featured by Billboard on its Digital Power Players List: Guiding the Future in Music and Tech. Most recently, he accepted the WSJ Technology Innovator Award. A German native, Hofmann currently resides in Los Angeles.

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Investment focus

  • Industry: Fashion, Textiles, Mobile Apps
  • Stage:Series A, Seed
  • Geography: France, Latvia, Germany

Investor stats

  • Total investments: 3
  • Round size: Series A $21M–$45M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • F3 — F3 develops a social app for asking questions and creating answers, with all content disappearing in 72 hours. Anonymous or not, this app lets users express themselves and discover new exciting people.
  • Genomines — World resources are expected to be depleted in the next 30 to 50 years and increasing scarcity is driving metal prices up, sometimes doubling in a few years. 86% of ore that is being extracted, containing up to 10years+ metal consumption, is not processed as metal concentration is too low. Each year a volume of low-metal concentrated soilsequivalent to the area of Paris and 100m high is extracted and not processed. It is not only a missed opportunity to recover significant amounts of metal, but it is also a serious risk for the environment. At Genomines, we bring together 2 worlds: Agriculture and Mining. We offer a sustainable alternative to conventional mining by genetically enhancing the natural ability of plants to hyperaccumulate metals.
  • Eeden — Eeden engages in the manufacture and supply of textiles.
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Iron Wolf Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Latvia Mobile Apps startups, 8 in the past 12 months

We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Lithuania, Estonia, United Kingdom

Investor stats

  • Total investments: 47
  • Round size: Seed $336k–$2.6M; Pre-Seed $120k–$1M; Series A $3.2M–$7.3M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $77M in 2023

Portfolio highlights

  • Vegvisir — Revolutionising battlefield capabilities with XR technologies. Situational awareness & enchanced decision making for manned vehicles, remote platforms and command stations.
  • Blackswan Space — for satellite integrators and operators to enable the next step in in-orbit capabilities
  • Buntar Aerospace — Buntar Aerospace is an aerospace manufacturing company. It provides navigation systems with artificial intelligence modules,drones, and custom software.
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Mobile Apps Investor funding in Latvia at a glance

Stats across 20 deals from 23 investors.

23
investors
in Latvia Mobile Apps startups
20
deals
in Latvia Mobile Apps startups
$58k
median round
in Latvia Mobile Apps startups
48%
lead investors
lead at least one round
55%
Pre-Seed
most common funding stage
83/17
VC / Angel
share of investor count

Access all 23 investors in Latvia Mobile Apps startups.

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Who is Shizune for?

Shizune is built for startup founders by startup founders.

If you are looking for funding for your startup, try the Shizune database — we have investors for every stage, industry, and country.

Is Shizune free?

Shizune is free forever. You can search and browse investors for free.

Email search and export are paid features.

For full info, visit our pricing.

Who built Shizune?

Shizune is built by founders with the goal of helping all founders raise funding no matter where they are.

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