Expansion Capital
VC Fund
Riga, Latvia
Expansion Capital is a VC fund in Riga focused on Manufacturing and Software. 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.
- Total investments:
- 42
- Last investment:
- Lead investor:
- 79%
Last updated:
For AI agents: llms.txt
Industries Expansion Capital invests in
Stages Expansion Capital invests in
Countries Expansion Capital invests in
Round sizes
Round size
- Seed
- $132k–$2.4M
- Debt Financing
- $113k–$223k
- Venture - Series Unknown
- $100k–$1.6M
Investment Focus
Industry
- Manufacturing 11 (26%)
- Software 4 (10%)
- Logistics 4 (10%)
- Transportation 4 (10%)
- Food and Beverage 4 (10%)
Stage
- Seed 15 (36%)
- Venture - Series Unknown 13 (31%)
- Debt Financing 4 (10%)
- Pre-Seed 3 (7%)
- Series A 2 (5%)
Country
- Latvia 34 (81%)
- United States 3 (7%)
- Norway 1 (2%)
- Estonia 1 (2%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Flirtu is an app for dating on Telegram that helps users find their perfect match. | $220.1K / Pre-Seed / Nov 28, 2023 | ||
| FIS.solutions is IT services and IT consulting company. | $272.6K / Venture - Series Unknown / Apr 05, 2023 | ||
| Willow Wealth enables you to build a complete private markets portfolio across real estate, private credit, private equity, and more. Our platform provides access to differentiated individual investments and diversified funds, as well as an automated investing solution that handles everything for you. No matter your goals, our platform aims to makeprivate markets investing simple and accessible. Join more than 500,000 members and start investing in private markets today at willowwealth.com. | $100M / Series C / Jun 02, 2021 | ||
| Willow Wealth enables you to build a complete private markets portfolio across real estate, private credit, private equity, and more. Our platform provides access to differentiated individual investments and diversified funds, as well as an automated investing solution that handles everything for you. No matter your goals, our platform aims to makeprivate markets investing simple and accessible. Join more than 500,000 members and start investing in private markets today at willowwealth.com. | $100M / Series C / Jun 02, 2021 | ||
| Hepta Airborne brings accurate airborne inspection to power grid operators while saving time, costs, and the environment. They have built 6-hour flight time drones that work in synergy with our autonomous data processing platforms and sensors. They work with satellites, helicopters, sensors, and software. It's not about drones, it's aboutbig data and collecting and analysing the data as efficiently as possible. | $2.1M / Series A / Feb 02, 2021 | ||
| Hepta Airborne brings accurate airborne inspection to power grid operators while saving time, costs, and the environment. They have built 6-hour flight time drones that work in synergy with our autonomous data processing platforms and sensors. They work with satellites, helicopters, sensors, and software. It's not about drones, it's aboutbig data and collecting and analysing the data as efficiently as possible. | $2.4M / Seed / Feb 02, 2021 | ||
| Our main service activities focuses on new software product prototyping, manufacturing industry, high tech R&D and creative mobile app development. We work with all aspects of software development and design, stretching from pre-market studies through ideation to surface design, concept engineering and realization of the end product.PitchPatterns analyze sales and customer service calls, detect emotion tone of voice, biometric verification, content, and automatically detect problematic calls. Instead of listening calls randomly from 10k we give top 10 to listen and improve. | $305.5K / Pre-Seed / Jan 08, 2021 | ||
| Our main service activities focuses on new software product prototyping, manufacturing industry, high tech R&D and creative mobile app development. We work with all aspects of software development and design, stretching from pre-market studies through ideation to surface design, concept engineering and realization of the end product.PitchPatterns analyze sales and customer service calls, detect emotion tone of voice, biometric verification, content, and automatically detect problematic calls. Instead of listening calls randomly from 10k we give top 10 to listen and improve. | Pre-Seed / Oct 01, 2020 | ||
| Hepta Airborne brings accurate airborne inspection to power grid operators while saving time, costs, and the environment. They have built 6-hour flight time drones that work in synergy with our autonomous data processing platforms and sensors. They work with satellites, helicopters, sensors, and software. It's not about drones, it's aboutbig data and collecting and analysing the data as efficiently as possible. | $713K / Seed / Jun 07, 2019 | ||
| We are building heavy lifting drones which can lift up to 200kg (440lbp). We have version which is flying on batteries for rescue and delivery purposes and tethered solution for industrial cleaning and firefighting. | Seed / Mar 12, 2019 | ||
| See all 42 investments → | |||
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FAQ
What does Expansion Capital invest in?
Expansion Capital invests primarily in Manufacturing, Software and Logistics startups, most often at Seed and Venture - Series Unknown stage. Most of the 42 investments tracked by Shizune back companies in Latvia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Expansion Capital invest in?
Expansion Capital typically joins rounds of $132k–$2.4M at Seed, $113k–$223k at Debt Financing and $100k–$1.6M at Venture - Series Unknown. These are whole funding-round sizes, not Expansion Capital's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Expansion Capital took part in.
When did Expansion Capital last invest?
The most recent investment recorded for Expansion Capital closed in Nov 2023. Shizune tracks 42 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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