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Top 5 Real Estate Startup Investors in Latvia (August 2026)

The most active venture capital funds and angel investors investing in Latvia Real Estate startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Real Estate startup companies. Find investors to raise a Seed, Series A or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Expansion Capital
VC Fund
7 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Software, Logistics $125k–$2.4M
ZGI Capital
VC Fund
4 Latvia, Estonia, United Kingdom Seed, Debt Financing Manufacturing, Consulting, Construction $55k–$981k
Luminor Latvija
VC Fund
2 Latvia Debt Financing Baby, Retail, Children $1.1M–$155M
Luminor Bank
VC Fund
2 Latvia, Italy Debt Financing Baby, Drones, Retail $1.1M–$8.7M
BaltCap
VC Fund
1 Latvia, Lithuania, United States Seed, Series A, Series B Information Technology, Software, Mobile $127k–$1.3M
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Investor list

Expansion Capital
VC Fund · Riga, Riga, Latvia · 7 investments in Latvia Real Estate startups

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.

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Investment focus

  • Industry: Manufacturing, Software, Logistics
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 42
  • Round size: Seed $200k–$2.4M; Debt Financing $125k–$246k
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 4 investments in Latvia Real Estate startups

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.

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Investment focus

  • Industry: Manufacturing, Consulting, Construction
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $55k–$896k; Debt Financing $110k–$981k
  • Lead/follow: 89% lead, 11% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Echoo Group — Echoo Group provides Smart Home, Building automation system (BMS), Engineering network solutions from design to solution.
  • RoyaltyRange — RoyaltyRange is a data provider with 4 professional databases covering Royalty rates, Service fees, Loan rates, Companies' financials.
  • Electrify — Electrify manufactures electric buses and minibusses offers charging solutions, and bus infrastructure maintenance.
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Luminor Latvija
VC Fund · 2 investments in Latvia Real Estate startups

Luminor is the third-biggest provider of financial services in the Baltic States and the top independent bank. Our objectives are to promote change, engage with society, influence the economy with an eye toward the future, and benefit the area.

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Investment focus

  • Industry: Baby, Retail, Children
  • Stage:Debt Financing
  • Geography: Latvia

Investor stats

  • Total investments: 5
  • Round size: Debt Financing $1.1M–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • hoppekids — Hoppekids designs and sells furniture and accessories for children’s rooms, focusing on beds, storage, and complementary décor. The company offers a wide range of children’s beds including junior beds, mid sleeper beds, loft beds, bunk beds, house beds, and four poster beds along with matching bed accessories. Hoppekids also provides desks, chairs,shelving systems, wardrobes, toy chests, and other storage furniture for children’s spaces. Its assortment includes mattresses, baby furniture such as cots, cradles, changing tables, and playpens, as well as bedding, cushions, play tunnels, and themed bed textiles. Many products are made from solid pine wood and some bed series are TÜV-certified and Nordic Swan Ecolabelled. Hoppekids sells its products through its online shop and selected retailers.
  • APSA BŪVE — APSA BŪVE operates as a construction and design enterprise specializing in building reconstruction, infrastructure modernization, and turnkey project execution. The company's business model centers on the public sector, providing services primarily to municipal bodies, state departments, and government-controlled enterprises.
  • Timbro — Timbro is a forestry technology company that offers forest management, property acquisition, and consultation services.
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Luminor Bank
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Latvia Real Estate startups

Luminor Bank offers a range of financial products including the Luminor Black card, consumer loans, housing loans with lower interest rates for energy-efficient homes, and free debit cards for kids and youngsters aged 6 to 21. New customers can enjoy the Luminor Black card package free for the first two months. Additionally, they provide serviceslike easy remote onboarding and access to partner discounts through the Luminor Plus Club. The bank also promotes its II Pillar Pension Funds for savings and retirement planning .

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Investment focus

  • Industry: Baby, Drones, Retail
  • Stage:Debt Financing
  • Geography: Latvia, Italy

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $1.1M–$8.7M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • hoppekids — Hoppekids designs and sells furniture and accessories for children’s rooms, focusing on beds, storage, and complementary décor. The company offers a wide range of children’s beds including junior beds, mid sleeper beds, loft beds, bunk beds, house beds, and four poster beds along with matching bed accessories. Hoppekids also provides desks, chairs,shelving systems, wardrobes, toy chests, and other storage furniture for children’s spaces. Its assortment includes mattresses, baby furniture such as cots, cradles, changing tables, and playpens, as well as bedding, cushions, play tunnels, and themed bed textiles. Many products are made from solid pine wood and some bed series are TÜV-certified and Nordic Swan Ecolabelled. Hoppekids sells its products through its online shop and selected retailers.
  • APSA BŪVE — APSA BŪVE operates as a construction and design enterprise specializing in building reconstruction, infrastructure modernization, and turnkey project execution. The company's business model centers on the public sector, providing services primarily to municipal bodies, state departments, and government-controlled enterprises.
  • Berzins Investment — Berzins Investment is a real estate company, It leases and manages its own portfolio of 12 commercial and residential properties in Riga, while also providing tenants with full architectural design, custom renovations, and construction services.
Show all investments...

BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia Real Estate startups

BaltCap is a private equity and venture capital investor in the Baltic states of Estonia, Latvia and Lithuania focusing investment on the growth and realization of small and medium enterprises.

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Investment focus

  • Industry: Information Technology, Software, Mobile
  • Stage:Seed, Series A, Series B
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 9
  • Round size: Seed $127k–$1.3M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • 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.
  • TrueCare24 — Care professionals and services for home and business.
  • Nord Security — Nord Security is the leader in the field of online privacy and security. Our security tools have earned praise from respected experts and tech outlets.
Show all investments...

Real Estate Investor funding in Latvia at a glance

Stats across 5 deals from 4 investors.

4
investors
in Latvia Real Estate startups
5
deals
in Latvia Real Estate startups
$164k
median round
in Latvia Real Estate startups
75%
lead investors
lead at least one round
60%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

Access all 4 investors in Latvia Real Estate startups.

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