# Normunds Igolnieks

> Normunds Igolnieks is a Series A investor at ZGI Capital backing AgTech and Farming. See 1 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [ZGI Capital](https://shizune.co/investors/profile/zgicapital)
- Total investments: 1
- Last investment: Feb 2022
- Lead investor: 100%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/normunds-i-293b8642

Normunds Igolnieks is a Series A investor at ZGI Capital focused on AgTech and Farming. * Chairmen of the management board and partner of ZGI Capital (since 2011);* Currently within the portfolio, member of the Councils of Ltd. Stream Networks, Ltd. N.O.M. Coatings and Ltd Izdevniecība Lilita;* Member of the Board of Latvian private equity and venture capital association (LVCA) (since 2012);* Managing director of assetmanagement company SEB Wealth Management (previously Optimus fondi) (2001-2011);* Head of Central Branch of Latvijas Hipotēku un Zemes banka (2000-2001);* Partner and Finance director of marketing agency Baltic FCB (1999-2000);* Head of the Trading Department of Latvijas Unibanka (currently SEB banka) (1995-1998);* Has wide experience in public securities markets, including trading and asset management.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| AgTech | 1 | 100% |
| Farming | 1 | 100% |
| Software | 1 | 100% |
| CleanTech | 1 | 100% |
| GreenTech | 1 | 100% |

7 industries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| eAgronom | “We believe that real change will only happen if economical interests support ecological interests. Climate is warming, soils are weakening and species richness is declining /../ We believe that creating the synergy between economic and society’s interests will accelerate the adoption of regenerative practices rapidly. This is why weexist.“ - Robin Saluoks, Founder of eAgronomeAgronom ambition is to become the most trusted agricultural carbon credit provider in Europe. We have 1,500 paying farmers on our farm monitoring and AI consulting platform, allowing eAgronom to guide farmers toward carbon-capturing practices and provide transparency for carbon credit buyers. Raising Series A in spring 2021. Set up the meeting with the founder here - https://calendly.com/soilevolution/45min-call | $7.3M | Series A | Feb 09, 2022 |  |

1 of 1 investments shown.

## Co-investors
- [Iron Wolf Capital](https://shizune.co/investors/profile/iron-wolf-capital) — VC Fund, 1 deal together
- [Superangel](https://shizune.co/investors/profile/superangel) — VC Fund, 1 deal together
- [Trind Ventures](https://shizune.co/investors/profile/trind-ventures) — VC Fund, 1 deal together
- [Specialist VC](https://shizune.co/investors/profile/united-angels-vc) — VC Fund, 1 deal together
- [Yolo Investments](https://shizune.co/investors/profile/yolo-investments) — VC Fund, 1 deal together

## About ZGI Capital

VC Fund · Riga, Latvia

ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up toEUR 30M. The fund acts on behalf of various investors including the State.

5 contacts available at ZGI Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Atis Zvidriņš | Capital Investment Director | https://shizune.co/investors/profile/atis-zvidri |
| Edgars Cimermanis | Investment Director | https://shizune.co/investors/profile/edgars-cimermanis |
| Ģirts Rungainis | Co-Founder and Partner | https://shizune.co/investors/profile/%C4%A3irts-rungainis |
| Jānis Lielcepure | Founder and Partner | https://shizune.co/investors/profile/j%C4%81nis-lielcepure |
| Normunds Igolnieks | Capital Partner and Chairman of the Board | https://shizune.co/investors/profile/normunds-igolnieks |

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### Similar stage
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- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund

## FAQ

### What does Normunds Igolnieks invest in?

Normunds Igolnieks invests primarily in AgTech, Farming and Software startups, most often at Series A stage. Most of the 1 investments tracked by Shizune back companies in Estonia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Normunds Igolnieks last invest?

The most recent investment recorded for Normunds Igolnieks closed in Feb 2022. Shizune tracks 1 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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