ZGI Capital
VC Fund
Riga, Latvia
ZGI Capital is a VC fund in Riga focused on Manufacturing and Machinery Manufacturing. 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.
- Total investments:
- 30
- Last investment:
- Lead investor:
- 90%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries ZGI Capital invests in
Stages ZGI Capital invests in
Countries ZGI Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 6 contacts → | |||
Round size
- Seed
- $55k–$896k
- Venture - Series Unknown
- $306k–$1.6M
Investment Focus
Industry
- Manufacturing 8 (27%)
- Machinery Manufacturing 4 (13%)
- Consulting 3 (10%)
- Construction 3 (10%)
- Retail 2 (7%)
Stage
- Seed 8 (27%)
- Venture - Series Unknown 7 (23%)
- Funding Round 6 (20%)
- Debt Financing 6 (20%)
- Pre-Seed 1 (3%)
Country
- Latvia 26 (87%)
- Estonia 1 (3%)
- United Kingdom 1 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Atis Zvidriņš
Capital Investment Director
|
Capital Investment Director | Total investments: 0 | Find email | |
Edgars Cimermanis
Investment Director
|
Investment Director | Total investments: 1 | Find email | |
Ģirts Rungainis
Co-Founder and Partner
|
Co-Founder and Partner | Total investments: 0 | Find email | |
Jānis Lielcepure
Founder and Partner
|
Founder and Partner | Total investments: 0 | Find email | |
Normunds Igolnieks
Capital Partner and Chairman of the Board
|
Capital Partner and Chairman of the Board | Total investments: 1 | Find email | |
| See all 6 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Electrify manufactures electric buses and minibusses offers charging solutions, and bus infrastructure maintenance. | $1.6M / Venture - Series Unknown / Jul 25, 2024 | ||
| RoyaltyRange is an intellectual property royalty rate database. The database provides royalties and licensing terms data of licence agreements covering Europe | $4.6M / May 17, 2023 | ||
| Echoo Group provides Smart Home, Building automation system (BMS), Engineering network solutions from design to solution. | Venture - Series Unknown / Apr 01, 2022 | ||
| “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 | ||
| "KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place. | $1.5M / Venture - Series Unknown / Sep 04, 2017 | ||
| JSC Biotehniskais centrs an innovative Latvian company and we are designing and manufacturing laboratory and pilot scale bioreactors.JSC Biotehniskai bioreactors meet up-to-date requirements and includes innovative solutions. Model based control of feb-batch fermentation, as well as the use of novel of magnetic drive as an example. We test ournew bioreactor solutions in our fermentations laboratory. | $213K / Seed / Nov 29, 2016 | ||
| Mobilly is a provider of pay for parking, buy train or bus tickets with your phone or on the Internet services. | $1.2M / Venture - Series Unknown / Oct 21, 2016 | ||
| SIA Banga LTD produces processed canned fish from the Baltic Sea. The company offers sprats and tomato sauce; and sprats with chili, garlic, paprika, as well as various other products. | $306.4K / Venture - Series Unknown / Oct 10, 2016 | ||
PLG Medical SIA
|
PLG Medical SIA manufactures and markets medical equipment in Latvia. | $537.2K / Seed / Sep 21, 2016 | |
| UPRENT is a pumping system rental provider which are accompanied with trench shoring systems and power generators. The company serves customers with effective products which enable to get the job done in the shortest time and with lowest energy costs. It guarantees a high level of customer satisfaction by maintaining a constant communication withcustomers, managing customer satisfaction measurement, identifying customer complaints and needs, and assuring appropriate service according to customer needs and requirements.UPRENT was founded on 2013 and is headquartered in Riga, Latvia. | $225.6K / Debt Financing / Feb 10, 2016 | ||
| See all 30 investments → | |||
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FAQ
What does ZGI Capital invest in?
ZGI Capital invests primarily in Manufacturing, Machinery Manufacturing and Consulting 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 ZGI Capital's check size?
ZGI Capital typically joins rounds of $55k–$896k at Seed and $306k–$1.6M 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 ZGI Capital participates in.
How do I contact ZGI Capital?
Public channels for ZGI Capital 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 ZGI Capital?
The team at ZGI Capital includes Atis Zvidriņš (Capital Investment Director), Edgars Cimermanis (Investment Director) and Ģirts Rungainis (Co-Founder and Partner), 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 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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