# ZGI Capital

> ZGI Capital is a VC fund in Riga backing Manufacturing and Consulting. See 28 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Riga, Latvia
- Total investments: 28
- Last investment: Jul 2024
- Lead investor: 89%
- Last fund: Nov 2017
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/zgi-capital/
- X (Twitter): http://twitter.com/ZGI_Capital
- Website: http://www.zgi.lv/
- Facebook: http://www.facebook.com/pages/ZGI-Capital/434722976567914

ZGI Capital is a VC fund in Riga focused on Manufacturing and Consulting. 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.

## Contacts

5 contacts available for ZGI Capital. Shizune tracks 6 team members at ZGI Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/zgicapital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $55k–$896k |
| Debt Financing | $110k–$981k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 8 | 29% |
| Consulting | 3 | 11% |
| Construction | 3 | 11% |
| Machinery Manufacturing | 3 | 11% |
| Retail | 2 | 7% |

61 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Funding Round | 10 | 36% |
| Seed | 8 | 29% |
| Debt Financing | 6 | 21% |
| Venture - Series Unknown | 2 | 7% |
| Series A | 1 | 4% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Latvia | 25 | 89% |
| Estonia | 1 | 4% |
| United Kingdom | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Atis Zvidriņš | Capital Investment Director | 0 | https://shizune.co/investors/profile/atis-zvidri |
| Edgars Cimermanis | Investment Director | 1 | https://shizune.co/investors/profile/edgars-cimermanis |
| Ģirts Rungainis | Co-Founder and Partner | 0 | https://shizune.co/investors/profile/%C4%A3irts-rungainis |
| Jānis Lielcepure | Founder and Partner | 0 | https://shizune.co/investors/profile/j%C4%81nis-lielcepure |
| Normunds Igolnieks | Capital Partner and Chairman of the Board | 1 | https://shizune.co/investors/profile/normunds-igolnieks |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Electrify | Electrify manufactures electric buses and minibusses offers charging solutions, and bus infrastructure maintenance. | $1.6M | Venture - Series Unknown | Jul 25, 2024 |  |
| RoyaltyRange | 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 | Echoo Group provides Smart Home, Building automation system (BMS), Engineering network solutions from design to solution. |  | Venture - Series Unknown | Apr 01, 2022 |  |
| 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 |  |
| KOOL Latvija | "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 |  | Sep 04, 2017 |  |
| Bioreactors.net | 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. | $219K | Seed | Nov 29, 2016 |  |
| Mobilly | Mobilly is a provider of pay for parking, buy train or bus tickets with your phone or on the Internet services. | $1.2M |  | Oct 21, 2016 |  |
| SIA Banga LTD | 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. | $302K |  | Oct 10, 2016 |  |
| PLG Medical SIA | PLG Medical SIA manufactures and markets medical equipment in Latvia. | $527K | Seed | Sep 21, 2016 |  |
| UPRENT | 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. | $219K | Debt Financing | Feb 10, 2016 |  |

10 of 28 investments shown.

## Co-investors
- [Presto Ventures](https://shizune.co/investors/profile/presto-ventures) — VC Fund, 2 deals together
- [Trind Ventures](https://shizune.co/investors/profile/trind-ventures) — VC Fund, 2 deals together
- [BaltCap](https://shizune.co/investors/profile/baltcap) — VC Fund, 1 deal together
- [Imprimatur Capital Fund Management](https://shizune.co/investors/profile/imprimatur-capital) — VC Fund, 1 deal together
- [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

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## FAQ

### What does ZGI Capital invest in?

ZGI Capital invests primarily in Manufacturing, Consulting and Construction startups, most often at Funding Round and Seed stage. Most of the 28 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 $110k–$981k at Debt Financing. 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 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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