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Top 10 Real Estate VC Funds & Investors in Latvia (September 2026)

The most active venture capital funds 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 Pre-Seed, Seed 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 Bank
VC Fund
2 Latvia, Italy Debt Financing Baby, Drones, Retail $1.1M–$8.7M
Luminor Latvija
VC Fund
2 Latvia Debt Financing Baby, Retail, Children $1.1M–$155M
EIT RawMaterials
VC Fund
1 Finland, Germany, Italy Grant, Seed, Pre-Seed Mining, Manufacturing, Advanced Materials $85k–$5.4M
Oschadbank
VC Fund
1 Ukraine, Latvia Debt Financing, Post-IPO Debt Energy, Renewable Energy, Solar $10M–$77M
Imprimatur Capital Fund Management
VC Fund
1 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $55k–$633k
BaltCap
VC Fund
1 Latvia, Lithuania, United States Seed, Private Equity, Series A Information Technology, Software, Mobile $127k–$1.3M
Merito Partners
VC Fund
1 Latvia Seed, Private Equity Furniture, Smart Home, Smart Building
Baltic Tech Ventures
VC Fund
1 Latvia, Lithuania, Estonia Seed, Pre-Seed Software, Information Technology, Mobile Apps $24k–$305k
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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 $132k–$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.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
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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 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.
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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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EIT RawMaterials
VC Fund · Denver, North Carolina, United States · 1 investments in Latvia Real Estate startups

EIT RawMaterials provides a collaborative environment for disruptive and breakthrough innovations by connecting business with academia, research, and investment. It also invests in future generations of innovators for the raw materials sector through initiatives ranging from the education of school students to higher qualifications for industryprofessionals.

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Investment focus

  • Industry: Mining, Manufacturing, Advanced Materials
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Finland, Germany, Italy

Investor stats

  • Total investments: 18
  • Round size: Seed $1.4M–$5.4M; Grant $117k–$1.7M; Pre-Seed $85k–$375k
  • Lead/follow: 56% lead, 44% follow

Portfolio highlights

  • Nanomox — Sustainable advanced materials
  • Sensmet — Sensmet was launched in 2017 spinning off from several years' research on the micro-discharge analyser technology and related application development.The Sensmet team has extensive experience in industrial R&D as well as measurement science and technology.They are currently building strategic partnerships in selected industrial sectorsto develop the first real-time multi-element water measurement applications. If you got interested and want to realise the benefits offered by the unique μDOES™ water analyser technology please contact us. Let us optimise your water process. Together.
  • Circular Materials — Scopri Circular Materials: immagina una tecnologia che tratta le acque reflue e, allo stesso tempo, recupera metalli preziosi.
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Oschadbank
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Latvia Real Estate startups

Oschadbank is a financial institution that offers banking and investment services.

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Ukraine, Latvia

Investor stats

  • Total investments: 6
  • Round size: Post-IPO Debt $11M–$77M; Debt Financing $10M–$72M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Kernel — Kernel Holding S.A. is a company incorporated under the laws of Luxembourg and has been listed on the Warsaw Stock Exchange since 23 November 2007. Kernel employs 14,075 people, primarily in farming and sunflower oil production, as well as in grain origination and logistics business owned and operated by the Company.
  • Elektryka Ukraine — Elektryka Ukraine is a Ukrainian energy company that specializes in power infrastructure development and battery energy storage system.
  • MHP Group — MHP Group is an international in food and agri-tech, producing high-quality and delicious food products that enhance the lives of consumers.
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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Real Estate startups

Imprimatur Capital Fund Management is a venture capital firm focusing on high-technology at an early stage in its commercial development. We invest in start-up technology businesses which are based on innovative intellectual property, are led by strong teams and have high international growth potential.Imprimatur Capital Fund Management, based inLatvia, manages seed and start-up funds with investors including the Latvian Guarantee Agency, other institutional investors and some private investors. The company source investment opportunities primarily from the Baltic/Nordic/Russia region.Imprimatur Capital Fund Management is a partner firm of Imprimatur Capital Ltd, headquartered in London and with investment operations in Europe, Russia, Asia Pacific, Latin America and the US.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 83
  • Round size: Seed $127k–$633k; Debt Financing $55k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $12M in 2010

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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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, Private Equity, Series A
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 12
  • Round size: Seed $127k–$1.3M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2019

Portfolio highlights

  • Verkter — Verkter is a commercial group offering DIY tools and accessories.
  • 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.
  • 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.
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Merito Partners
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Real Estate startups

Merito Partners is a growing private investment company operating in Latvia and the New Nordics.

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Investment focus

  • Industry: Furniture, Smart Home, Smart Building
  • Stage:Seed, Private Equity
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 100% lead, 0% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • TapBox — Tapbox is a self-service solution provider for catering, cinema, entertainment, hotel, ticketing, customer servicing, and more.
  • MYCABIN — MYCABIN offering small wooden frame holiday homes in different sizes that can be combined as a set.
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Baltic Tech Ventures
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Real Estate startups

Baltic Tech Ventures is the only publicly traded VC fund with an angel group focused on seed and early-stage investment in the Baltic region. BTV angel investors benefit from the ability to invest directly into the Baltics' most promising startups on the same terms as the smartest money in the region. Unlike other VC opportunities, BTVinvestors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup.

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Investment focus

  • Industry: Software, Information Technology, Mobile Apps
  • Stage:Seed, Pre-Seed
  • Geography: Latvia, Lithuania, Estonia

Investor stats

  • Total investments: 10
  • Round size: Pre-Seed $24k–$305k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Getfix — GETFIX is a platform that matches users with handyman and other service providers in just few clicks.
  • Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.
  • LEGID — LEGID is an AI-powered marketplace for on-demand, small in-app consultations from top legal experts across the world. LEGID is building a platform that brings quality legal services, at affordable prices to people across the world. Easy-to-use, intuitive and reliable. A quick and efficient way to get the right, trusted legal advice whetheryou're at home or abroad.It is people centric. Submit a question, get price offers from qualified lawyers around you and resolve your issue without headaches. Quick, affordable and trusted legal advice across the world that puts you in control. The platform allows clients to submit queries, get price offers from lawyers and communicate via a secure, built-in chat system.A platform unites independent lawyers and consultants, with an auction-style system, and team formation for complex jobs (tenders). LEGID allows lawyers to work virtually from anywhere, providing them with an alternative channel for practicing law and fostering a better work-life balance.We are a SaaS-enabled marketplace, a platform combining a marketplace component with SaaS and workflow features (CRM, KYC, Case Management etc.). So it is a SaaS product, but with a marketplace dynamic. We are a platform, which empowers people. We are not focusing only on disrupting the legal industry. We are thinking of how to help people in this industry to be more efficient and active.Currently LEGID App serves its clients in Estonia, Latvia, Lithuania and Poland. Target market is the Europe. Products: Marketplace, AI, B2B SaaS, Web App, Mobile App Industry: Law Tech and Legal Tech
Show all investments...

Real Estate VC funding in Latvia at a glance

Stats across 6 deals from 4 investors.

4
investors
in Latvia Real Estate startups
6
deals
in Latvia Real Estate startups
$164k
median round
in Latvia Real Estate startups
75%
lead investors
lead at least one round
50%
Seed
most common funding stage

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