Buildit VC
VC Fund
Riga, Latvia
Buildit VC is a VC fund in Riga focused on Health Care and Electronics. 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 invisionary 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.
- Total investments:
- 50
- Last investment:
- Lead investor:
- 68%
Last updated:
For AI agents: llms.txt
Industries Buildit VC invests in
Stages Buildit VC invests in
Countries Buildit VC invests in
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Matiss Neimanis
|
|||
Aleksander Tõnnisson
|
|||
Gleb Maltsev
|
|||
Rene Tonnisson
|
Investment Focus
Industry
- Health Care 7 (14%)
- Electronics 6 (12%)
- Manufacturing 6 (12%)
- Hardware 5 (10%)
- Internet of Things 5 (10%)
Stage
- Pre-Seed 25 (50%)
- Seed 12 (24%)
- Grant 6 (12%)
- Funding Round 1 (2%)
- Venture - Series Unknown 1 (2%)
Country
- Latvia 24 (48%)
- Estonia 5 (10%)
- Lithuania 3 (6%)
- United States 3 (6%)
- Finland 2 (4%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Matiss Neimanis
CEO, Managing Partner
|
CEO, Managing Partner | Total investments: 0 | Find email | |
|
Aleksander Tõnnisson
Co-Founder, Managing Partner
|
Co-Founder, Managing Partner | Total investments: 0 | Find email | |
|
Gleb Maltsev
Mentor
|
Mentor | Total investments: 0 | Find email | |
Indrek Põldvee
Mentor
|
Mentor | Total investments: 0 | Find email | |
|
Rene Tonnisson
Co-Founder, Managing Partner
|
Co-Founder, Managing Partner | Total investments: 0 | Find email | |
| See all 6 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
SUBmerge Baltic
|
SUBmerge Baltic is focused on developing ROV and AUV development. Its mission is to increase awareness of the marine environment while educating others to appreciate the underwater world's potential and complexity. | $220.9K / Pre-Seed / Sep 01, 2024 | |
Cellbox Labs
|
Cellbox Labs offers industrialized organ-on-chip technology.It generates plug-and-play devices that enable chips to run without input. | $1M / Pre-Seed / May 10, 2024 | |
SpirulinaNord
|
SpirulinaNord cultures and sells freshly harvested frozen spirulina to preserve antioxidants, vitamin content and neutral taste. | $635.9K / Seed / Oct 20, 2023 | |
Emotsy
|
Emotsy, your ally in email marketing, seamlessly combines automation and emotion to create heartfelt connections with every message. Elevate engagement, foster loyalty, and achieve impactful results with our easy-to-use platform. Revolutionize your email marketing campaigns like never before with Emotsy! Sign up now. | $322K / Pre-Seed / Aug 01, 2023 | |
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. | $5K / Grant / May 03, 2023 | |
Codigy
|
Codigy is a visual tool to identify and prioritize inefficiencies in the codebase and collaboration processes that lower developer velocity and release cadence. | $5K / Grant / May 03, 2023 | |
Abillio
|
Abillio is a SaaS platform for cross-border payments and tax compliance, enabling freelancers to invoice globally without a company and helping businesses manage contractor payments worldwide. | $10K / Grant / May 03, 2023 | |
Nelinor
|
Nelinor provides smart energy monitoring solutions for renewable and non-renewable energy. | $5K / Grant / Apr 28, 2023 | |
Adventum Tech
|
Adventum Tech specialises in creating hardware and software for construction, manufacturing, mobility, and energy sectors. | $12.2K / Grant / Apr 28, 2023 | |
|
Cubed
|
Cubed is a two-sided marketplace where real-estate buyers can customize and order precisely what they want & real-estate developers can deliver buildings faster and cheaper with reduced risks. This is done by pre-selling properties on the platform and using standardized 3D projects built in off-site factories. | $5K / Grant / Apr 27, 2023 | |
| See all 50 investments → | |||
Co-Investors
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FAQ
What does Buildit VC invest in?
Buildit VC invests primarily in Health Care, Electronics and Manufacturing startups, most often at Pre-Seed and Seed stage. Most of the 50 investments tracked by Shizune back companies in Latvia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact Buildit VC?
Public channels for Buildit VC include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Buildit VC?
The team at Buildit VC includes Matiss Neimanis (CEO, Managing Partner), Aleksander Tõnnisson (Co-Founder, Managing Partner) and Gleb Maltsev (Mentor), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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