FlyCap
VC Fund
Riga, Latvia
FlyCap is a VC fund in Riga focused on Health Care and Rental. 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.
- Total investments:
- 30
- Last investment:
- Lead investor:
- 40%
- Fund size:
- $21M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries FlyCap invests in
Stages FlyCap invests in
Countries FlyCap invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $55k–$2.9M
- Venture - Series Unknown
- $562k–$2.7M
Investment Focus
Industry
- Health Care 4 (13%)
- Rental 3 (10%)
- Medical 3 (10%)
- Software 3 (10%)
- Manufacturing 3 (10%)
Stage
- Seed 9 (30%)
- Venture - Series Unknown 8 (27%)
- Funding Round 6 (20%)
- Debt Financing 3 (10%)
- Pre-Seed 1 (3%)
Country
- Latvia 23 (77%)
- Estonia 1 (3%)
- The Netherlands 1 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Janis Liepins
Partner
|
Partner | Total investments: 2 | Find email | |
Girts Milgravis
Partner
|
Partner | Total investments: 0 | Find email | |
Janis Skutelis
Partner
|
Partner | Total investments: 9 | Find email | |
Olga Baumane
Financial analyst
|
Financial analyst | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| 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. | $2.2M / Debt Financing / Sep 26, 2024 | ||
| Elmo Remote is a state-of-the-art tool, enables to deliver vehicles directly to customers or relocate to the location where the customers are required. | $2.9M / Seed / Apr 26, 2023 | ||
| 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!). | $279.7K / Seed / Jun 08, 2017 | ||
| Purified is a nutritional supplement supplier.. It offers black chocolate produced by the best doctors in collaboration with scientists. | $263.8K / Seed / Jan 10, 2017 | ||
| El Machete is a Mexican fast food chain that offers burritos, quesedilla, tacos,and local beers. | Venture - Series Unknown / Oct 03, 2016 | ||
| NMS Laboratories offers services to primary & secondary medical care providers, institutions involved in scientific & bio-medical research as well as other interested customers. Laboratory staff provides advisory services in all aspects of laboratory testing and, if necessary, helps in choosing the most appropriate investigative process.The NMS-Laboratory has a wide network of affiliates that allow doctors and patients to be served from all regions of Latvia. A laboratory courier service has been established, which ensures transportation of the investigated material to the laboratory and delivery of the results to the client. | Venture - Series Unknown / Sep 01, 2016 | ||
| Sonarworks is a deep-tech audio company that delivers personalized sound experiences. Its SoundID technology measures and digitally tunes sound devices to match individual hearing preferences, enhancing audio across various devices. Widely used in recording studios and by audio engineers, the technology enables high-precision sound for consumersand professionals alike. | $769.2K / Venture - Series Unknown / Jul 26, 2016 | ||
| We build smart robots that bring unprecedented value to its owners. | $3.5M / Series A / Jul 01, 2016 | ||
| HansaMatrix is using original design manufacturing (ODM) business model. When developing product or solution for its customers their company works as much as necessary to achieve its design goals. HansaMatrix seekws to receive premium for successful product designs. | $2.7M / Venture - Series Unknown / Jun 08, 2016 | ||
| MyClinic Riga offers a full range of services from medical consultation and diagnostics to surgery, infertility treatment and complex medical procedures.It is composed of a professional, experienced team of doctors who use latest evidence-based techniques of diagnostics and treatment. Our goal is to offer quality and patient-oriented care forthe benefit of each patient’s health and well-being. | Convertible Note / Mar 05, 2016 | ||
| See all 30 investments → | |||
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FAQ
What does FlyCap invest in?
FlyCap invests primarily in Health Care, Rental and Medical startups, most often at Seed and Venture - Series Unknown stage. Most of the 30 investments tracked by Shizune back companies in Latvia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is FlyCap's check size?
FlyCap typically joins rounds of $55k–$2.9M at Seed and $562k–$2.7M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds FlyCap participates in.
How do I contact FlyCap?
Public channels for FlyCap 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 FlyCap?
The team at FlyCap includes Janis Liepins (Partner), Girts Milgravis (Partner) and Janis Skutelis (Partner). 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 Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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