# Latvian Business Angel Network

> Latvian Business Angel Network is a VC fund backing Information Technology and Manufacturing. See 11 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Riga, Latvia
- Total investments: 11
- Last investment: Jun 2026
- Lead investor: 64%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/latvian-business-angels-network
- X (Twitter): https://www.twitter.com/latbanlv
- Website: http://www.latban.lv

Latvian Business Angel Network is a VC fund in Riga focused on Information Technology and Manufacturing. The Latvian Business Angel Network (LatBAN) brings together highly experienced entrepreneurs - business angels.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 4 | 36% |
| Manufacturing | 2 | 18% |
| B2B | 1 | 9% |
| SaaS | 1 | 9% |
| Credit | 1 | 9% |

26 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 6 | 55% |
| Seed | 2 | 18% |
| Angel | 1 | 9% |
| Grant | 1 | 9% |
| Venture - Series Unknown | 1 | 9% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Latvia | 5 | 45% |
| Estonia | 1 | 9% |
| Finland | 1 | 9% |
| Ukraine | 1 | 9% |
| Lithuania | 1 | 9% |

7 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Granarium Technologies | Granarium Technologies is a Finnish deep-tech energy that creates renewable supercapacitors using only nanocellulose, biocarbon, and water, eliminating the need for mining entirely. | $1.2M | Pre-Seed | Jun 09, 2026 |  |
| Ybil | Ybil is a logistics digitalization platform. | $150K | Grant | Mar 27, 2026 |  |
| Rebookify | Rebookify helps travel agencies increase margins on already booked hotel rooms. | $233.2K | Pre-Seed | Oct 17, 2025 |  |
| Exonicus | Exonicus, Inc. transforms emergency medical training with AI-driven VR/XR simulations. Our Exonicus Trauma Simulator prepares military, first responders, and healthcare professionals with scalable, high-fidelity, and cost-effective training. By eliminating instructor dependence and aligning with real-world protocols, we improve readiness,decision-making, and save lives. | $96.5K | Seed | May 30, 2025 |  |
| POSfinance | POSfinance is a financial services company that offers small and medium-sized enterprises with access to flexible revenue-based financing. | $311.8K | Pre-Seed | May 27, 2025 |  |
| Adventum Tech | Adventum Tech specialises in creating hardware and software for construction, manufacturing, mobility, and energy sectors. | $284.2K | Seed | May 23, 2025 |  |
| 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. | $52K | Angel | Feb 12, 2025 |  |
| 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 |  |
| InGain | InGain is a no-code SaaS loan management system that enables lenders and organizations across industries to develop and scale lending and financial products. | $691.8K | Venture - Series Unknown | Apr 18, 2024 |  |
| LANDE | LendSecured is a real estate crowdfunding platform providing real estate backed investment opportunities. LendSecured was founded in 2017 and at first was available exclusively for high net worth private investors and local banks. Since July 2020 it is open for any Europe investor. LendSecured is a brand managed by Secured Finance MGMT ltd, with 2beneficial owners Nikita Goncars and Edgars Talums. | $549.9K | Pre-Seed | Sep 07, 2022 |  |

10 of 11 investments shown.

## Co-investors
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 1 deal together
- [70Ventures](https://shizune.co/investors/profile/70ventures) — VC Fund, 1 deal together
- [ASP Asset Management](https://shizune.co/investors/profile/asp-asset-management) — VC Fund, 1 deal together
- [BADideas.fund](https://shizune.co/investors/profile/badideas-fund) — VC Fund, 1 deal together
- [BSV Ventures](https://shizune.co/investors/profile/baltic-sandbox-ventures) — VC Fund, 1 deal together
- [Beamline](https://shizune.co/investors/profile/beamline-accelerator) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund

## FAQ

### What does Latvian Business Angel Network invest in?

Latvian Business Angel Network invests primarily in Information Technology, Manufacturing and B2B startups, most often at Pre-Seed and Seed stage. Most of the 11 investments tracked by Shizune back companies in Latvia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Latvian Business Angel Network last invest?

The most recent investment recorded for Latvian Business Angel Network closed in Jun 2026. Shizune tracks 11 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 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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