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Top 50 SaaS Startup Investors in Latvia in January 2025

Last updated: Jan 2025 A list of 50 angel investors and VC (Venture Capital) funds that invest in Saas startups based in Latvia. We rank investors based on the number of investments they made in Saas companies from Latvia. We update this investor list every month.

Top 50 SaaS Startup Investors in Latvia in January 2025

Investor	SaaS Latvia investments
Imprimatur Capital Fund Management	42
ZGI Capital	7
FlyCap	5
Open Circle Capital	4
Uldis Sipols	4
New Nordic Ventures	3
Change Ventures	3
Karma Ventures	3
Sverre Bisgaard	3
Practica Capital	2
Povilas Urbonas	2
Lauris Liepa	2
EIT Urban Mobility	2
Indrikis Liepa	2
HansaMatrix	2
BaltCap	2
Nicolai Torgersen	2
Base Ventures	2
Capitalia	2
Almaz Capital	2
Baltic Tech Ventures	2
European regional development fund (ERDF)	2
Microsoft for Startups	1
Chris Hulls	1
Richard Frank	1
Mamba	1
Alex Hofmann	1
Dan Bragiel	1
Elar Nellis	1
Konstantin Othmer	1
Caucasus Ventures	1
ZEMU Venture Capital	1
Rein Raudjarv	1
Amazon Web Services	1
Carthona Capital	1
Iron Wolf Capital	1
AdFirst.vc	1
ZenStone Venture Capital	1
Einar Roosileht	1
Nikita Sergienko	1
European Union	1
Smartup Ventures	1
Davis Siksnans	1
SMOK Ventures	1
Sten Tamkivi	1
Chris Sang	1
Envac Group	1
Ratmir Timashev	1
Siena Capital	1
VK (ex. Mail.Ru Group)	1

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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.

Investment focus

Software, Information Technology, Apps
Seed, Debt Financing, Funding Round
Latvia, United States, United Kingdom

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.

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.

Investment focus

Manufacturing, Machinery Manufacturing, Consulting
Funding Round, Seed, Debt Financing
Latvia, Estonia

Portfolio highlights

eAgronom — eAgronom helps farmers generate additional revenue streams, improve soil quality, and access better financing.
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.
Bioreactors.net — Biotechnical center is an innovative company and we provide solutions for industrial biotechnology processes, bioreactor manufacturing and industrial automation. We manufacture bioreactors for laboratory, pilot and industrial scale.

FlyCap AIF is a Venture Capital Fund of total size of 15.75 MEUR. The Fund provides growth capital for Latvia based SME’s in a form of investments in equity and mezzanine capital.

Investment focus

Health Care, Consumer Goods, Medical
Funding Round, Seed, Debt Financing
Latvia, Estonia, The Netherlands

Portfolio highlights

Tapcore — Tapcore is the only solution on the market that enables mobile developers to monetize pirated copies of their apps through advertising. Established in 2015, we are a remote company with headquarters in the Netherlands. Currently we serve over 150 million ad requests daily (and counting!).
Purified — Purified is a nutritional supplement supplier.. It offers black chocolate produced by the best doctors in collaboration with scientists.
Elmo — In our car sharing business Elmo Rent we wanted to serve maximum customers with minimum resources, so we created remote control technology to deliver vehicles.

Our Investment FocusWe are interested in technology companies in the fields of ICT, robotics and high-tech. We favor teams of professionals comprised or led by serial entrepreneurs with past growth, fundraising and/or exiting experience. We are looking for product building companies that would be high-potential, fast-growth, and ready toconquer foreign markets. Best time to talk us is just after first revenues in the company.Our investment approach1. It all starts with a conversation where we learn about you and your ambition. 2. In the space of few meetings we are targeting to decide whether to look further. 3. We'll discuss particular terms, ask for more information, and analyse further. 4. The legal part - we know everyone loves it, and, finally, we join your venture.

Investment focus

Software, Information Technology, Artificial Intelligence
Seed, Pre-Seed, Series A
Lithuania, United States, Canada

Portfolio highlights

PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
Monimoto — Wire-free, Anti-theft GPS tracker for motorcycles that calls your phone and sends GPS location coordinates if your motorcycle is being stolen.
Perfection42 — Perfection42 empowers creators to reach Unlimited Quality with custom Artificial intelligence tools without a single line of code.

Uldis Sipols

Investment focus

CAD, Software, Simulation
Seed, Angel, Pre-Seed
Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production

NNV is a seed stage VC fund. We invest in B2B startups from CEE and CIS region and help them to expand internationally

Investment focus

Software, Artificial Intelligence, Information Technology
Pre-Seed, Seed, Funding Round
Latvia, Estonia, Georgia

Portfolio highlights

OHMYSYNT — AI-powered tool for businesses and creators, that alters videos in seconds using text prompts.
DrugCards — Local literature screening will be under control with DrugCard. It's: continuous, regular, transparent, multi-language, and cost-effective.
Rapid Delivery Analytics — Digital shelf analytics for mobile-first grocery and convenience deliveries. Track pricing, visibility, availability, promotions, and competitor performance across rapid delivery platforms.

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

Investment focus

Software, Apps, Mobile Apps
Seed, Pre-Seed, Series A
Estonia, United States, Lithuania

Portfolio highlights

Modash.io — High performing marketing teams use Modash to find, analyze and monitor influencers at scale all over the world. Join them today.
Certific — Certific is a platform that enables certified remote medical testing at scale.
Origin Robotics — Origin is a defense technology company that specializes in advanced autonomous systems. It was co-founded in 2022 by UAV industry serial entrepreneurs to address the growing security threats in Europe.

karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe.

Investment focus

Software, Artificial Intelligence, Information Technology
Series A, Series B, Seed
Estonia, United States, Sweden

Portfolio highlights

Patchstack — Keep your WordPress sites safe from vulnerable plugins & themes. Protect sites with virtual patching.
BforeAI — Starting from patented technology developed in years of research, BforeAi is the prediction service that looks for newly registered or morphed domains, and score their maliciousness looking at metadata and links to other bad guys.
Pactum — Pactum autonomous negotiations help companies unlock hidden value. Our AI negotiates non-strategic supplier contracts on a massive scale.

Has built up and been the leader of Kongsberg Norspace in Horten, Norway and its predecessors over a period of more than 30 years, starting with AME space division in 1984. AME Space AS, a separate company created in 1986, became Alcatel Space Norway (ASN) in 1989 after an MBO in 1988. As MD lead ASN to an international leading position, developingand manufacturing satellite electronic products for satellite manufacturers world-wide, growing the company from 15 to 130 employees and sales exceeding 20 million Euros. Started Norspace, who took over the business of ASN when Alcatel closed ASN in 2003 following the satellite industry downturn in 2001-2002. After another successful build-up of Norspace over eight straight profitable years sold the company to Kongsberg in 2011. Retired from the position of CEO of Kongsberg Norspace end of March 2015.Kongsberg Norspace products are now (2015) found in over 200 satellites, mostly used for telecommunications.Presently engaged as board chairman, board member and investor in various companies.

Investment focus

CAD, Software, Simulation
Pre-Seed
Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production

Practica Capital

Investment focus

B2B, Software, Information Technology
Seed, Funding Round, Series A
Lithuania, United Kingdom, United States

Portfolio highlights

AMLYZE — AMLYZE Risk Assessment Module is an automated customer AML/CFT Risk Assessment and Management feature for financial companies.
Qminder — Set up Qminder queue management software in minutes. Real-time reports on customer service & employee performance. Cloud-based. Wireless. Free Support.
Biomatter — Biomatter Designs is pioneering the technologies for generative protein design at the intersection of synthetic biology and AI.

Povilas Urbonas

Investment focus

CAD, Software, Simulation
Pre-Seed
Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production

Lauris Liepa

Investment focus

CAD, Software, Simulation
Pre-Seed
Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production

EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union. Europe’s leading community for impact-driven start-ups and scale-ups in urban mobilityWe want to move cities toward a more sustainable future by partnering up with start-ups and scale-ups like yours. Our Impact Venturesdivision gives you access to funding and support channels to deliver financial, environmental and social impact on the urban landscapes around us. Our tools are: Funding through grants and equity investments, Knowledge and training through partner-led programmes, networking and introductions through dedicated support to our equity portfolio companiesOur investments provide you with a boost on your growth journey, and our network connects you with the right stakeholders in the public policy sector — on a regional, national and European-wide scale — to put your company on the map and bring your urban mobility services to the people who need it the most.If you’re like us and have a drive to shape the cities of our future, join our community of engaged and esteemed impactful ventures by applying for one of the many different programs we offer.

Investment focus

Software, Transportation, Information Technology
Seed, Pre-Seed, Series A
Spain, Sweden, France

Portfolio highlights

Smart Point — We are entering the age of convenience and immediacy. A Smart Point automates the reception of any product you shop online, and any service available in your city, from pharmaceuticals, to flowers and dry cleaning. All delivered in 1 hour and available to pick up at your convenience.
Parabol — As Parabol, we use our innovative power for smart mobility systems and traffic safety all over the world.
Fastlane — Discover seamless logistics control with our cutting-edge transport management software. Streamline operations, optimize routes, and enhance efficiency effortlessly. Try our solution for comprehensive control today!

Indrikis Liepa

Investment focus

CAD, Software, Simulation
Pre-Seed
Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production

Electronics manufacturing in Eastern Europe including industries like transportation, IoT, technology sectors, medicine & more.

Investment focus

Portfolio highlights

Lightspace Labs — Seeing is believing

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.

Investment focus

Mobile, Information Technology, Apps
Seed, Series A, Series B
Latvia, Lithuania, United States

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.
Lightspace Labs — Seeing is believing

Nicolai Torgersen

Investment focus

CAD, Software, Simulation
Pre-Seed
Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production

We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea.

Investment focus

Software, Mobile, E-Commerce
Seed, Series A, Funding Round
United States, Canada, Latvia

Portfolio highlights

Mansa — Built by Black creators with a passion for making culture-positive content, Mansa is the only place to stream the best in Global Black stories
Bootup — Bootup creates a marketplace for tech talent. Bootup's goal is to build tools to help bridge the gap between those looking for economic upward mobility and technology companies looking for strategies to solve for the impending talent crisis. We are excited to support all of the individuals looking to break into tech, the educators fuelingtheir growth, and the enterprises who power the industry.
Parade — Find and manage carriers, boost margins. Precise pricing, optimized bidding, shipper connectivity.

Capitalia, a company listed on Nasdaq Baltic stock exchange, is the leading financer for small and medium enterprises in the Baltics. As our focus is set on SME’s we are able to provide financing that serves as a supplement or as an alternative to the loans issued by commercial banks. Since the founding of Capitalia in 2007 we have issued financingto more than 1000 companies and consulted more than 100 businesses in various financial matters.

Investment focus

Software, CAD, Apps
Seed, Debt Financing
Latvia, Sweden, Lithuania

Portfolio highlights

Favro — The #1 app making collaborative planning working at scale between teams for SaaS & Live Games companies. Agile team collaboration, smoother than ever.
Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.

Almaz Capital is an international venture capital firm investing in early stage, capital efficient technology companies. A unique bridge fund headquartered in Silicon Valley, Almaz Capital connects Eastern European/former Soviet engineering and entrepreneurial talent to the U.S. market and helps build global businesses. The firm invests inhigh-growth sectors such as artificial intelligence and blockchain applications, data engineering, cybersecurity, industrial IoT, networking architecture and infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC), a member of the World Bank Group. Founded in 2008, Almaz Capital has invested in over 30 portfolio companies and has had nine exits to date.

Investment focus

Software, Mobile, Internet
Series A, Funding Round, Seed
United States, Russian Federation, Latvia

Portfolio highlights

Yazen — Yazen is a digital obesity clinic that offers weight loss through modern pharmaceutical treatment.
PLATMA — PLATMA is a workspace for developing low/no-code solutions with ready-made constructors that reduce the need for large resources and decrease time to market
Alison AI — Stop wasting time and money on A/B testing. Analyze data, create impactful creatives, and optimize for outstanding results.

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. Investors can get involved with BTV in two ways: gaining exposure to the entire BTV portfolio by buying shares (NASDAQ:BTE1R) or by direct angel investment into one or more BTV portfolio companies. BTVangel 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 with other VC opportunities, BTV investors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup. BTV startups are fully vetted by BTV. BTV financials are fully audited, with regulatory oversight under Nasdaq.

Investment focus

Software, Information Technology, Apps
Seed, Pre-Seed
Latvia, Lithuania

Portfolio highlights

asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
VOOVOO — VOOVOO is a cutting-edge service designed for commercial fleets to prevent speeding and aggressive driving in real-time, using in-house developed Safe-Driving Technology - VOOBOX. By proactively avoiding potential problems, VOOVOO enhances transportation safety and minimizes operational costs.Today, approximately 360 million commercial vehiclesare involved in daily economic activities worldwide. We focus on making our technology available to global commerce, starting from Europe and the US. Our business model's main advantages are simplicity of technology integration, easy distribution, and low costs, enabling us to expand rapidly.Our technology has been developed according to UN international standards, with support from the European Institute of Innovation and Technology (EIT Urban Mobility), Georgias Innovation and Technologies Agency (GITA), Promwad - an electrical engineering company, Testups - Test and certification company, and other international organizations. We have conducted all necessary lab and field tests, so our hardware is now under the certificate, allowing us to sell it in 58 countries.Our five-year industry background, established international relationships, technological market trends, and highly qualified management team provide a solid guarantee for the sustainable growth of our project. We forecast earning up to €36M in 5 years with around €20M net profit.From the ongoing SEED round of €500k, €435k is left to be raised. €65K is a contribution to the round from CONNECTOLOGY and EIT Urban Mobility. This investment gives us 18 months runway, enough to meet European standards with a certified product, start supplying reseller partners, onboard about 8 000 cars, and generate €2M+.Feel free to book a call to discuss partnership opportunities: https://calendly.com/voovoo/30min
Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

Investment focus

Software, Information Technology, Artificial Intelligence
Grant, Funding Round, Pre-Seed
United Kingdom, Germany, France

Portfolio highlights

Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
PulmoBiomed — Pulmobiomed has developed a best-in-class exhaled breath condensate device, capable of capturing Covid-19 particles in as little as 5 seconds. Pulmobiomed a biotechnology company is working with industry leaders in integrating their diagnostic capabilities into our PBM-Hale device. Pulmobiomed techn
Knock Technology — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.

Microsoft for Startups is a global program designed to help startups scale with free access to Azure cloud and a streamlined path into selling alongside Microsoft and our vast partner ecosystem.

Investment focus

Software, Information Technology, SaaS
Seed, Funding Round, Pre-Seed
United States, India, Canada

Portfolio highlights

VitVio — VitVio is a platform built around AI and computer vision with the goal of improving efficiency and quality of care in operating rooms.
UniPay — UniPay is an eCommerce platform for infrastructure and industry-lacking regions that offers 5 products that enable trust, promote transparency, and enforce accountability.
Emission Sentri — Drive emission management and reduction with insights

Chris is the cofounder and CEO of Life360. Before doing the whole startup thing, he did a stint in banking at Goldman Sachs and spent a few years in the Air Force. He went to college at UC Berkeley, and was about to start class at Harvard Business School when he had a last minute change of heart and decided to pioneer the trend of being an ivyleague pre-dropout. In his time off, Chris likes to do anything that involves machines that move--like building drones, driving cars, flying planes, and piloting hovercraft. He is also widely credited with coining the term App Store Optimization.

Investment focus

Apps, Drones, Mobile
Seed, Series A
United States, Latvia

Portfolio highlights

Tile — Tile Bluetooth trackers help you find your keys, wallet, phone and everything that matters. Join the world's largest lost and found community and never lose anything again.
Adgile Media Group — Adgile Media Group is the nation’s leading tech-enabled, data-driven out-of-home media company
Airdog — We build smart robots that bring unprecedented value to its owners.

Richard Frank

Investment focus

iOS, Apps, VoIP
Seed
Latvia

Portfolio highlights

Roamer — Roamer is the first mobile app that links your regular mobile number to a foreign SIM and saves up to 97% on roaming charges for calls and data. It keeps your usual number when traveling abroad and uses cellular, not WiFi.

Mamba is the number one Russian online dating service, which cooperates with major portals including Mail.Ru, Rambler and MSN.com and over 30,000 others. The company’s database holds over 18.6 million registered users, over 40% of which are active. Mamba primarily targets customers in Russia and the CIS and is also going to launch dating servicesabroad. The business model is centered on the “pay as you go” principle: the users are more inclined to pay for additional instant low cost services, rather than bigger monthly subscription. Company’s billing system is one of the largest in the world with more than 40 possible ways to pay for Mamba’s services. According to various estimates, Mamba controls about 85% of the market.

Investment focus

Mobile Apps, Social Media, Social Network
Seed
Latvia

Portfolio highlights

F3 — F3 is a social discovery app to make new friends and communicate with existing ones.

Hofmann most recently held the role of musical.ly’s President in North America, where he led expansion efforts to build the world’s fastest growing entertainment social network. Within three months of Hofmann joining the team, app downloads increased from 200 to 400,000 per day. musical.ly hit the top of the app chats in 21 countries and has grownto over 200 million users globally.During his time at musical.ly, Hofmann helmed the company’s global content, brand, entertainment, and talent partnerships, in addition to heading all corporate functions for North and South America. He oversaw the closure of deals with all three major music labels and publishers. Under his leadership, the company closed its largest product partnership with Apple Music, as well as original content partnerships with Viacom, NBCU, and Hearst Digital. Hofmann also orchestrated partnerships with top artists like Bruno Mars, Katy Perry, Ariana Grande, Selena Gomez, Jason Derulo and 250+ other artists worldwide.In early 2018, Hofmann announced he was moving on from musical.ly to pursue new ventures following the company’s successful merger with Chinese tech giant, Bytedance. He is currently investing in and advising new startups. He remains an ally and advisor to musical.ly. In 2017, Hofmann was chosen by Variety as one of “30 Execs to Watch” for its Digital Entertainment Impact Report and featured by Billboard on its Digital Power Players List: Guiding the Future in Music and Tech. Most recently, he accepted the WSJ Technology Innovator Award. A German native, Hofmann currently resides in Los Angeles.

Investment focus

Mobile Apps, Social Media, Social Network
Seed
Latvia

Portfolio highlights

F3 — F3 is a social discovery app to make new friends and communicate with existing ones.

Dan Bragiel has co-founded 2 companies and has been involved in startups for the past 10 years. He began with mobile gaming at Paragon 5 focusing on running the offices in Poland, Netherlands and Argentina. He then co-founded the startup Meetro, a pioneer in the location/mobile space. He then went on to start Lefora that was sold in 2010.

Investment focus

Software, Logistics, Health Care
Seed, Pre-Seed, Series A
United States, Finland, Latvia

Portfolio highlights

Enevo — Enevo works with its customers to transform the financial, environmental and social impact of waste. Founded in 2010, Enevo began providing waste data from dumpster sensors using its proprietary analytics software. Enevo now provides full management of waste and recycling services for restaurant, retail and commercial property customers throughoutNorth America. It provides the first predictive end-to-end solution that automates the whole planning and operations of waste and recycling logistics.Enevo has raised more than $34M in private equity funding to date and continues to invest in technology and new processes to deliver the peace of mind its customers need.
Jerry — Jerry simplifies the expensive, frustrating, and time-consuming aspects of car ownership.
Drip Capital — Drip Capital offers trade financing product targeted towards SMEs in developing markets. Its automated risk assessment model allows rapidly growing SMEs quick and easy access to finance. With a focus on technology, Drip aims to eliminate the hassle of paperwork and bureaucracy and create a seamless borrowing experience for its clients.The companyconsists of a team of financial consultants, engineers and analysts from Wharton, Stanford, and IITs with years of experience at Standard Chartered, Black Rock and Yahoo. They are backed by leading Silicon Valley investors - Y Combinator and StartX. They are always eager to connect with sharp minds to grow within their quest to becoming the future of global trade finance.Drip Capital was founded in 2015 and is headquartered in Palo Alto, California.

Elar is a full-stack engineer with 12+ years of experience. He has worked for different start-ups during his whole professional career and wouldn't change start-up life for anything. Elar was also the first employee of Estonian flagship startup Pipedrive. If he's not working then he's probably playing piano, writing music or hikingin the endless forests of Estonia.

Investment focus

Software, CAD, SaaS
Seed, Angel, Pre-Seed
Latvia, Estonia, United States

Portfolio highlights

VOOL — VOOL is a one-stop shop for EV Charging. Experience chargers that are reliable, save money, and look damn good. Made in Estonia.
CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Corner Renovation — Volume Hiring AI Automator

Konstantin Othmer is the Co Founder & CEO at Speechpad.

Investment focus

Internet, Photo Editing, Automotive
Seed, Funding Round, Angel
United States, Latvia, Australia

Portfolio highlights

Spiden — Non-invasive glucose monitoring, seamlessly integrated with health metrics. The ultimate wearable.
Web3 Pro — The easiest onramp to Web3 for Enterprises with our leading white-label products. Engage consumers with NFT PRO. Establish your brand presence in digital worlds with GEER. Leverage the power of NFRs across your business with NAAS.
Blockfolio — Blockfolio offers mobile portfolio tracking and management for the cryptocurrency and blockchain industry.Blockfolio is the network for mobile cryptocurrency portfolio tracking and management. Millions of people trust Blockfolio to stay connected to the pulse of the industry through market data, news, and direct updates from leaders of top cryptoprojects. Blockfolio is committed to providing free access to our users and token team partners.

Caucasus Ventures is a venture capital firm.

Investment focus

Artificial Intelligence, Information Technology, Financial Services
Seed, Pre-Seed
United States, Georgia, Azerbaijan

Portfolio highlights

Dosty — Complete Petcare Solution
Nextool Ai — Product Hunt for Ai Tools
Ayan — At Ayan, we make it easy for PHV drivers to access Halal car financing tailored to their needs. With Ayan Pay, you can benefit from 0% interest payment plans for car repairs, home improvements, and other services, spread over up to 12 months. Our mission is to provide fair, transparent, and ethical financial solutions for everyone.

ZEMU Capital is dedicated to investing in decentralization, artificial intelligence, and ground-breaking technologies.

Investment focus

Software, FinTech, Information Technology
Seed, Pre-Seed, Series A
United States, Hong Kong, The Netherlands

Portfolio highlights

GPT360 — GPT360, your platform for integrating Web3 and Web2. We offer a super app with tools for Web3 project owners, including the Chaterium Network to boost community visibility and engagement, innovative AI solutions for news and moderation, and a hub for affiliate networks and marketing services. Our mission is to simplify the mass adoption ofcryptocurrency and blockchain by creating active, informed, and connected digital communities.
Stabble — stabble is a protocol revolutionizing liquidity pools by introducing protocol-managed and arbitrage pools. This allows stabble to tackle critical inefficiencies prevalent within Solana's decentralized exchanges.
Raiinmaker — Multi - Chain Layer 2 Network. Powered by AI, Secured by Bitcoin.

Rein Raudjarv

Investment focus

CAD, Software, Simulation
Angel
Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production

Amazon Web Services provides information technology infrastructure services to businesses in the form of web services. Its products and solutions include cloud computing, compute, networking, storage and content delivery, databases, analytics, application services, deployment and management, mobile services, applications, AWS marketplace software,startups, enterprises, partners, government and education, websites and web applications, big data and HPC, gaming, and digital media as well as backup, storage, and archive. The company also provides AWS management console, documentation, SDKs and tools, downloads, platforms, Java, JavaScript, mobile, PHP, Ruby, Python, Windows, .NET, resources, forums, tutorials and articles, whitepapers, training and certification, and AWS user groups for developers. In addition, it offers compute, storage, database, analytics, application, and deployment services; and mobile services, websites, and backup and recovery services. Amazon Web Services serves the government, education, and non-profit sectors in North America, South America, Europe, Africa, Asia Pacific, and internationally. Amazon Web Services was founded in 2006 and is based in Seattle, Washington. It has data center locations in the United States, Europe, Brazil, Singapore, Japan, and Australia. It operates as a subsidiary of Amazon.com Inc.

Investment focus

Software, Information Technology, Artificial Intelligence
Grant, Funding Round, Pre-Seed
United States, Lebanon, United Kingdom

Portfolio highlights

VeraNet — VeraNet builds AI platforms that automate decision-making, providing businesses with data-driven recommendations.
EvolutionaryScale — ESM3. Enabling scientists to understand, imagine, and create proteins.
Bonumbit — Bonumbitt aims to enhance security, transparency, and efficiency in online transactions. The company offers advanced features such as smart contracts, a decentralized review system, and AI-driven analytics to provide personalized shopping experiences. The company's commitment to cutting-edge technology and strategic partnerships positions itas a leader in the evolving e-commerce landscape. With its upcoming token launch on major cryptocurrency exchanges, BBT is set to drive significant growth and redefine the future of online commerce.

Carthona Capital is a hands-on, proactive, and thematic venture capital investor based in Sydney, Australia that invests globally.

Investment focus

Software, Financial Services, FinTech
Seed, Series A, Series B
Australia, United States, United Kingdom

Portfolio highlights

Safewill — Safewill is Australia's leading online Will writing platform. With thousands of users, Safewill makes it easy and affordable to write your own legally binding will
BuildPass — Unlock the full potential of your site with easy-to-use AI software to streamline operations, reduce admin tasks, and ensure every project is on track and compliant.
Ajust — Ajust makes it easy to resolve customer complaints with banks, telcos and energy companies. It's fast, fair and free for consumers.

We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses.

Investment focus

Software, Infrastructure, Manufacturing
Seed, Pre-Seed, Series A
Lithuania, Estonia, United Kingdom

Portfolio highlights

PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
Repsense — Reputation management software - Repsense is AI powered online reputation management service that helps you track your reputation.
Kingdom Technologies — Kingdom builds novel robotic lawn mowers for large terrains

AdFirst.vc is a venture capital firm designed to co-invest with other VCs in early and expansion stage start-ups. They perform Marketing Due Diligence ads tests for start-ups and help the investor evaluate the reachable audience, check the marketing competencies of the team, and reduce the cost of attracting customers. Testing allows to confirm thecompany's capitalization and eliminate marketing risks. In the future, they oversee the marketing strategy of the project in order to control KPI.

Investment focus

E-Learning, Mobile Apps, FinTech
Seed, Pre-Seed, Series A
United States, Russian Federation, Latvia

Portfolio highlights

Adapty — The all-in-one service for in-app subscriptions. Develop, optimize and grow apps with iOS, Android, React Native, Flutter, Unity and Web support.
Synchronization — Synchronization is an online education platform.
Akademiya Peremen — Akademiya Peremen is an educational platform that focuses on the life style segment of health, beauty, style, and psychology.

Introduction of the investment thesis of ZenStone Venture Capital: Investing in passionate founders with extraordinatry vision and execution at post seed and early venture stages.

Investment focus

FinTech, Real Estate, Financial Services
Series A, Seed, Series B
United States, Brazil, Canada

Portfolio highlights

Bolt — Bolt makes Ecommerce better with One-Click Checkout and CheckoutOS. See how Bolt checkout boosts your sales today.
EquityZen — EquityZen's mission is to improve the way startup employees are paid by unlocking the value of their equity compensation in a way that benefits all key players: the shareholder, the company, and the investor.
DecorMatters — Discover home decor ideas and interior design inspiration. Shop your favorite furniture stores and socialize with other interior designers.

Oversees RSI product development and RSI’s European office. Co-founder of Oryx Gaming, an iGaming platform provider. Software architect with a particular emphasis on developing scalable systems such as industry-leading poker platforms.

Investment focus

SaaS, Software
Seed
Latvia

Portfolio highlights

Hyperscan — Use AI to evaluate LinkedIn profiles. Craft individual messages with AI. Replace generic job descriptions with individual job microsites. Join other high-volume recruitment teams who have saved hours on every project.

Nikita Sergienko

Investment focus

CAD, Software, Simulation
Angel
Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production

Discover how the EU functions, its principles, priorities; find out about its history and member states; learn about its legal basis and your EU rights.

Investment focus

Health Care, Information Technology, Biotechnology
Grant, Seed, Funding Round
Germany, United Kingdom, United States

Portfolio highlights

Sorsera — Sorsera provides advanced intelligence and collaboration tools for suppliers, buyers and collaborators involved in the tendering process.
Stellar — At Stellar we bring perfect internet on the move to vehicles and passengers, leveraging the combined strength of cellular, wi-fi, and satellite networks, through AI and fully integrated solutions. We offer SaaS, data plans, and all-inclusive options for enterprise connectivity needs on the move.
ProCredit Bank Moldova — ProCredit Bank Moldova is a development-focused commercial bank.

Smartup Ventures is a venture capital, a company that creates value by helping businesses grow faster. We create ventures by joining forces with everyone who shares our values and ambitions. By building strong partnerships with entrepreneurs, talents, business developers, angel investors, and venture investors.

Investment focus

Information Technology, E-Commerce, CRM
Seed, Series A, Series B
Iran, Latvia, United Arab Emirates

Portfolio highlights

Landin — With landin, you can easily create your landing pages And convert click to customers
Vindad — We help Businesses manage their legal needs by providing access to everything they need to start and run their business, including blogs and legal guides, over 50 legal and commercial documents. Vanda Legal forms are common business legal documents that range from Investment, trademark, incorporation, NDAs, and Human resources. There is simplestep-by-step instructions help businesses customize documents for their specific needs. And to be sure it's done right; they can have their document reviewed by an attorney from our hand-picked network.
Salam Sakhteman — A platform that connects home-owners and builders to qualified service professionals such as painters, carpenters, electricians, etc.

Davis currently is a Senior Advisor and Investor at Draugiem Capital, Board Member at Mapon, a car fleet management company, and an investor/board member at Prime Prometics, a beauty brand for women over 50. Previously Davis was a co-founder and ex-CEO of Printful, a print-on-demand and warehousing company for online stores and the firstLatvian unicorn company. Printful prints t-shirts and 400+ other products for online ecommerce stores and drop ships them to end customers.With over $83.7 million invested in equipment, we use industry-leading tech to fulfill more than 1 million items every month. Since our founding in 2013, Printful has scaled to a team of 1,700+ people and did $289 million in revenue in 2021. Printful has 10 fulfillment centers in the USA, Canada, Europe, and Mexico, and 7 partner facilities in Japan, Australia, and Brazil.

Investment focus

SaaS, Software
Seed
Latvia

Portfolio highlights

Hyperscan — Use AI to evaluate LinkedIn profiles. Craft individual messages with AI. Replace generic job descriptions with individual job microsites. Join other high-volume recruitment teams who have saved hours on every project.

Bridging Silicon Valley to CEE

Investment focus

Software, Information Technology, SaaS
Seed, Pre-Seed, Funding Round
Poland, United States, Ukraine

Portfolio highlights

Authologic — Authologic is a system that helps businesses in checking the identity of their clients online.Authologic is a provider of identity verification solutions that includes tools for determining identity through online video, data, and digital IDs.Krzysztof Klimczak, Jarek Sygitowicz, and Marek Rogoziński founded Authologic in 2020 and is based inWarsaw, Poland.
Collabwriting — Collabwriting is a simple browser extension that helps you share, comment and collaborate on content you find online
Proteine Resources — We want to revolutionize the feed and food market, build robotic factories, process bio-waste in high-quality protein, fat and fertilizer insects.

Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB.

Investment focus

Software, Financial Services, Artificial Intelligence
Seed, Pre-Seed, Series A
Estonia, United States, United Kingdom

Portfolio highlights

Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
Katana — Katana gives thousands of manufacturers a live look at their business with visual, intuitive, and easy-to-use ERP software.
Entrepreneur First — We are the best place for the world's most ambitious talent to come together and build game-changing technology startups from scratch.

Venture Capitalist, Managing Partner, Chief Technology Officer

Investment focus

Software, E-Commerce, Information Technology
Seed, Pre-Seed, Series A
United States, Australia, India

Portfolio highlights

Fiable — Embed financial health insights within your application using our world leading API service
Cloobot Inc — Cloobot X: Your Premier Software Implementation transforms your vision into reality with our state-of-the-art software implementation studio. Leveraging cutting-edge AI technology, our expert team delivers rapid, efficient, and innovative solutions tailored to your unique business needs.
Tokenise — Tokenise acts as a data layer for web3 projects and their tokens. We help founders build their tokens simply, mint/launch their tokens on-chain and then manage their tokens in one place. Tokenise enables founders to curate rich data rooms that make it easier for investors to get onboard. We empower community with unprecedented insights andaccessibility into their favourite projects and their tokens.

Envac is one of the most innovative players in the global waste collection industry and inventor of the pneumatic waste collection system.

Investment focus

Waste Management, Internet of Things
Pre-Seed
Latvia

Portfolio highlights

The Littery — The Littery is an environmental services company that recycles plastic pollution into e-lottery tickets.The company uses IoT and Computer vision to reframe litter into e-lottery tickets that cause an instant change of attitude due to the innate human optimism bias resulting in an immediate and lasting behavioral change. Its breakthrough idea hasthe potential to revolutionize the littering and household packaging collection markets with its superior solution by motivating citizens to keep their cities clean by themselves. Cities that partner with The Littery experience cleaner communities with less litter and happier citizens at a lower cost.The Riga, Riga-located company was founded by Michael Manniche in 2019.

Ratmir Timashev possesses a rare combination of proven business savvy, forward-looking technical knowledge and market vision. Ratmir brings to bear more than 20 years of entrepreneurial experience building, advising and investing in successful technology companies. As Veeam Software’s Co-Founder and Senior Vice President, Marketing and CorporateDevelopment Mr. Timashev is responsible for strategy and process execution on acquisitions and investments to expand Veeam’s total addressable market (TAM) as well as to build and lead the Veeam Global Marketing Organization in executing the marketing plan and strategy.In 1997, he founded Aelita Software, provider of award-winning Windows Server systems management software. In 2004, Aelita was acquired by Quest Software, and after ensuring the successful continuation of Aelita’s products and strategy at Quest, Ratmir founded Veeam Software to provide similar systems management solutions for modern virtualized data center infrastructures. Over the last decade, Ratmir’s vision and drive has seen Veeam to become one of the largest private software companies in the world with revenue booking projected to reach $1 Biillon in 2018 and 3,000 employees worldwide. Veeam has become the leader and the innovative provider of data management and protection by creating a new market category of Availability for the Always-On Enterprise.Ratmir earned a master’s degree in Chemical Physics from the Ohio State University in 1995. He continues to share his knowledge and ideas to fuel innovative IT solutions around the world.

Investment focus

Enterprise Software, Software, Information Technology
Seed, Series A, Funding Round
United States, Latvia

Portfolio highlights

Acure.io — Easy quality control of digital services, interfaces and customer experience (UX). Improved performance and reliability of digital services. Reduced Mean Time to Restoration and root cause analysis. Reduced human factor and manual labor.
Revenue Grid — Revenue Grid is a revenue intelligence platform that helps improve sales performance and shifts your CRM from the "view mode" to the "do mode"
5nine Software — Acronis Cloud Manager provides advanced monitoring, management, migration, and recover for Microsoft Cloud environments of all shapes and sizes.

Siena is a VC firm mainly investing in startups in Estonia and California

Investment focus

CAD, Banking, FinTech
Seed, Pre-Seed, Convertible Note
Estonia, Latvia

Portfolio highlights

CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Tuum — Our cloud-native API-first core banking platform enables any business to rapidly offer seamless, tailored financial services to their customers.
Teamscope — Understand what drives your team's performance, make exceptional hiring decisions, and unlock the full potential of your team.

Mail.ru Group was founded by Yuri Milner and is the largest Internet company in the Russian-speaking world. It is one of the largest Internet companies in Russia, and the world's seventh largest Internet business in terms of page views. Mail.ru Group operates two of the three largest Russian language social networking sites(Odnoklassniki.ru and Moi Mir@Mail.Ru), the two largest instant messaging networks in Russia (ICQ and Agent), Russia's leading email service, Russia's second largest Internet portal and Russia's largest online games company.Mail also holds strategic equity stakes of 32.49% in vKontakte, Russia's largest social networking site, and 25.09% in QIWI, formerly OE Investments, one of Russia's leading payment-processing companies. It also holds small minority stakes in Facebook, Zynga and Groupon.

Investment focus

Social Media, Mobile Apps, Education
Seed, Series A, Funding Round
Russian Federation, United States, Cyprus

Portfolio highlights

Uchi.ru — Uchi.ru offers online courses for school students.
O2O Holdings — Formed by a JV between Sberbank and Mail.ru Group, provides an O2O services platform focusing on key areas of food and transportation.
AliExpress Russia — AliExpress Russia is a leading cross-border and domestic e-commerce platform in Russia.

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