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Top 50 SaaS Startup Investors in Latvia (June 2026)

The most active venture capital funds and angel investors investing in Latvia SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia SaaS startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Imprimatur Capital Fund Management
VC Fund
42 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
Expansion Capital
VC Fund
9 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Logistics, Transportation $125k–$713k
ZGI Capital
VC Fund
7 Latvia, Estonia Seed, Debt Financing Manufacturing, Machinery Manufacturing, Retail $55k–$981k
FlyCap
VC Fund
5 Latvia, Estonia, The Netherlands Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
Open Circle Capital
VC Fund
4 Lithuania, United States, Canada Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $206k–$7.2M
Change Ventures
VC Fund
4 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$33M
Uldis Sipols
Angel
4 Latvia Seed, Angel, Pre-Seed CAD, Software, Simulation $50k–$192k
New Nordic Ventures
VC Fund
3 Latvia, Estonia, Georgia Pre-Seed, Seed Software, Computer Vision, Machine Learning $165k–$1.1M
Superhero Capital
VC Fund
3 Finland, Lithuania, Estonia Seed, Pre-Seed Software, Information Technology, Internet $212k–$3.1M
Sverre Bisgaard
Angel
3 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Karma Ventures
VC Fund
3 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, FinTech $549k–$30M
Practica Capital
VC Fund
3 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A B2B, Software, Information Technology $219k–$25M
Almaz Capital
VC Fund
2 United States, Russian Federation, Germany Series A, Seed, Series B Software, Mobile, Internet $1.1M–$58M
Nicolai Torgersen
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Baltic Tech Ventures
VC Fund
2 Latvia, Lithuania Seed, Pre-Seed Software, Information Technology, Apps
Povilas Urbonas
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Indrikis Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Base Ventures
VC Fund
2 United States, South Korea, Canada Seed, Series A Software, Mobile, E-Commerce $346k–$24M
Lauris Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
HansaMatrix
VC Fund
2
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Biotechnology $27k–$2.2M
Capitalia
VC Fund
2 Latvia, Sweden, Lithuania Seed, Debt Financing Software, CAD, Apps $329k–$8.3M
EIT Urban Mobility
VC Fund
2 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
BaltCap
VC Fund
2 Latvia, Lithuania, United States Seed, Series A, Series B Mobile, Information Technology, Apps $127k–$1.3M
Harry Cheung
Angel
1 Latvia, United States Seed Apps, Drones, Internet $1.4M–$2.5M
Andris K. Berzins
Angel
1 Latvia, United States, Spain Seed, Pre-Seed, Angel E-Commerce, B2B, Aerospace $658k–$8.3M
pirate equity
VC Fund
1 Latvia, Poland, Lithuania Convertible Note Apps, SaaS, VoIP
Andrej Jakovlev
Angel
1 Latvia Pre-Seed B2B, E-Commerce, Marketplace
Revo Capital
VC Fund
1 Turkey, United States, United Kingdom Seed, Series A Software, Information Technology, Financial Services $430k–$38M
Sune Alstrup
Angel
1 Denmark, Sweden, Finland Seed, Pre-Seed, Angel Software, Computer Vision, Artificial Intelligence $185k–$4.9M
Nikita Sergienko
Angel
1 Latvia Angel CAD, Software, Simulation
Toivo Annus
Angel
1 Singapore, United States, Estonia Seed, Series A E-Commerce, Software, FinTech
Vesna Investment
VC Fund
1 Latvia EdTech, Internet, Education
Inovo.vc
VC Fund
1 Poland, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS
BADideas.fund
VC Fund
1 Estonia, Latvia, Ukraine Pre-Seed, Seed Software, Information Technology, FinTech
Chris Sang
Angel
1 United States, Australia, India Seed, Pre-Seed, Series A Software, E-Commerce, SaaS
APX
VC Fund
1 Germany, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Information Technology
European Union
VC Fund
1 Germany, United Kingdom, United States Grant, Seed Health Care, Information Technology, Biotechnology
EIT Digital
VC Fund
1 Italy, Spain, Poland Pre-Seed, Grant, Seed Information Technology, Software, Internet
VK (ex. Mail.Ru Group)
VC Fund
1 Russian Federation, United States, Cyprus Seed, Series A Social Media, Mobile Apps, Education
Wistron Corporation
VC Fund
1 United States, Taiwan, Hong Kong Series B, Seed, Series A Software, Artificial Intelligence, Machine Learning
Caucasus Ventures
VC Fund
1 United States, Azerbaijan, Georgia Seed, Pre-Seed, Series B Artificial Intelligence, Software, Financial Services
ZEMU Venture Capital
VC Fund
1 United States, Hong Kong, The Netherlands Seed, Pre-Seed, Series A Software, FinTech, Information Technology
Vinny Lingham
Angel
1 United States, South Africa, United Kingdom Seed, Angel Blockchain, Internet, Cryptocurrency
Social Discovery Group
VC Fund
1 United States, United Kingdom, China Series A, Seed Apps, Internet, Mobile
SmartHub
VC Fund
1 United States, United Kingdom, Canada Seed, Convertible Note, Series A Internet, SaaS, Software
Chris Hulls
Angel
1 United States, Latvia Seed, Series A Apps, Drones, Mobile
Siena Capital
VC Fund
1 Estonia, Latvia Seed, Pre-Seed, Convertible Note CAD, Banking, FinTech
Trind Ventures
VC Fund
1 Estonia, Finland, Sweden Seed, Series A Software, Information Technology, Marketplace
Fiedler Capital
VC Fund
1 Hungary, Latvia, Serbia Seed, Pre-Seed, Series A Software, Information Technology, Food and Beverage
Access all 15 investors in Latvia SaaS startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 42 investments in Latvia SaaS 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: 81
  • Round size: Seed $131k–$549k; Debt Financing $63k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise 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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Expansion Capital
VC Fund · Riga, Riga, Latvia · 9 investments in Latvia SaaS 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, Logistics, Transportation
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 40
  • Round size: Seed $200k–$713k; Debt Financing $125k–$246k
  • Lead/follow: 80% lead, 20% 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 · 7 investments in Latvia SaaS 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, Machinery Manufacturing, Retail
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $55k–$896k; Debt Financing $110k–$981k
  • Lead/follow: 92% lead, 8% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • eAgronom — We enable companies to achieve their sustainability goals while supporting farmers in generating additional revenue, improving soil quality, and accessing 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.
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FlyCap
VC Fund · Riga, Riga, Latvia · 5 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Health Care, Rental, Medical
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia, The Netherlands

Investor stats

  • Total investments: 29
  • Round size: Seed $55k–$2.9M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $18M in 2013

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 mobility-focused operations, we wanted to optimize business and decrease environmental impact, so we created remote control technology to deliver cars.
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Open Circle Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 4 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United States, Canada

Investor stats

  • Total investments: 36
  • Round size: Seed $206k–$1.8M; Pre-Seed $212k–$1M; Series A $5M–$7.2M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • Ars Ingenii — Ars Ingenii presents a groundbreaking logistics and fulfillment platform, powered by in-house developed hardware and software technologies. That includes patented robotized material handling solutions such as Micro Distribution Centers and advanced fulfillment center automation tailored specifically for efficient e-commerce logistics. By seamlesslyintegrating technologies, we streamline e-commerce logistics, ensuring swift delivery from the origin to the consumer's doorstep.
  • Frontu — Field service management software designed to simplify business operations. Learn how FSM can transform your field service company. Try now!
  • Smart Vision — Smart Vision is based in Riga, Latvia. It is an online e-commerce store that sells eye protection lenses, glasses, and sunglasses for men and women, as well as providing delivery services.
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Latvia SaaS startups

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

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Investment focus

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

Investor stats

  • Total investments: 63
  • Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Eurora — Eurora develops an e-commerce suite of customs compliance tools.
  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
  • RecruitLab — Teamdash's built-in recruitment, applicant tracking, and marketing features give you the focus you need to achieve the impossible. Here's how.
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Uldis Sipols
Angel · 4 investments in Latvia SaaS startups

Uldis Sipols

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

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
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New Nordic Ventures
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia SaaS startups

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

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Investment focus

  • Industry: Software, Computer Vision, Machine Learning
  • Stage:Pre-Seed, Seed
  • Geography: Latvia, Estonia, Georgia

Investor stats

  • Total investments: 10
  • Round size: Seed $219k–$1.1M; Pre-Seed $165k–$600k
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • OHMYSYNT — AI-powered tool for businesses and creators, that alters videos in seconds using text prompts.
  • DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
  • 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.
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Latvia SaaS startups

Some call you founders. We call you Superheroes. Seed stage VC investing in insight-driven startups in Finland and the Baltics. Tickets 100 K€ - 1000 K€.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 92
  • Round size: Seed $212k–$3.1M; Pre-Seed $620k–$1.8M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: May invest from a new fund soon — raised $35M in 2020

Portfolio highlights

  • eMabler — We accelerate our customers' business growth by convenience in eMobility with our API-first platform
  • Creagent — Find designers. Screened & shortlisted. Easy, fast and cost-effective - the smart way of sourcing with AI.
  • Dripit.io — dripit - Discover new music trends and predict the Hype
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Sverre Bisgaard
Angel · Oslo, Oslo, Norway · 3 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

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
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia SaaS startups

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

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Investment focus

  • Industry: Software, Artificial Intelligence, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 48
  • Round size: Seed $549k–$6.1M; Series A $4.4M–$16M; Series B $2.8M–$30M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — raised $106M in 2021

Portfolio highlights

  • Minut — Minut keeps your home safe and your neighbors happy while respecting your guests' privacy. Monitor noise and occupancy, secure your home, and enhance guest experience. Only Minut gives you the full insight you need to protect your homes, all in one single sensor.
  • Commsignia — Trust for the road ahead.
  • WunderGraph — Build supergraphs from any API across teams. Ship fast with governance and control. The complete open-source GraphQL Federation stack with Hub and Cosmo.
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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 3 investments in Latvia SaaS startups

Practica Capital

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Investment focus

  • Industry: B2B, Software, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United Kingdom, United States

Investor stats

  • Total investments: 115
  • Round size: Seed $219k–$3.3M; Pre-Seed $334k–$2.4M; Series A $2.2M–$25M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $85M in 2022

Portfolio highlights

  • Creem — Creem provides Indie Hackers, Micro-SaaS and SaaS businesses with instant financial tools and functionality. As a Merchant of Record our pre-integrated embeddable components tap your existing data, boosting revenue effortlessly. No costs—pure growth potential for your business.
  • Handwave — Handwave is the world’s first biometric wallet and identity platform — replacing wallets, phones, and IDs with a single gesture for in-store payments. Designed for retail, meant for people. End users can easily onboard their palms through the Handwave app by scanning their palm with the phone camera, linking payment and loyalty cards, and thenenjoy frictionless checkout at retail by simply scanning their palm at a payment terminal.
  • Outcraft AI — Outcraft AI develops autonomous revenue agents that convert, retain and grow customers across voice, SMS, email and messaging.
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Almaz Capital
VC Fund · Portola Valley, California, United States · 2 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Software, Mobile, Internet
  • Stage:Series A, Seed, Series B
  • Geography: United States, Russian Federation, Germany

Investor stats

  • Total investments: 105
  • Round size: Seed $1.1M–$5.4M; Series A $2M–$21M; Series B $2.8M–$58M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — raised $300M in 2016

Portfolio highlights

  • Alcatraz AI — The Rock is an all-in-one touchless biometric access control device that combines facial biometrics, AI, and machine learning for top-notch security.
  • Dubformer — All-in-one tool: Go global effortlessly with monetization-ready dubbing that sounds like real humans. Cost-effective AI localization.
  • specter automation — Construction is the second least digitized sector in the world with 96% of all data being unused. Although detailed planning data is created upfront, a lack of suitable digital tools prevents its transfer to the construction site. SPECTER’s web-based construction management software uniquely incorporates the core components of constructionplanning, reducing the organizational burden on construction management and helping to meet project timelines and budgets.
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Nicolai Torgersen
Angel · 2 investments in Latvia SaaS startups

Nicolai Torgersen

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

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
Show all investments...

Baltic Tech Ventures
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia SaaS 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. 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.

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Investment focus

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

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

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.
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Povilas Urbonas
Angel · Odense, Syddanmark, Denmark · 2 investments in Latvia SaaS startups

Povilas Urbonas

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

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
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Indrikis Liepa
Angel · 2 investments in Latvia SaaS startups

Indrikis Liepa

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

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
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Base Ventures
VC Fund · Berkeley, California, United States · 2 investments in Latvia SaaS startups

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

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Investment focus

  • Industry: Software, Mobile, E-Commerce
  • Stage:Seed, Series A
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 113
  • Round size: Seed $346k–$6.7M; Series A $1.2M–$24M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Rebodis — Ribodi’s goal is to empower clothing with intelligence by seamlessly integrating robotics and smart technologies into everyday apparel, enabling robotized garments to become a practical, accessible, and trusted fixture in everyone’s wardrobe.
  • Vivadios — Vivadios’s mission is to build 10x Christian apps that transform the way people engage with the Bible and practice their faith daily, using innovative technology to make Bible learning more accessible, interactive, and meaningful.
  • Index Robotics — Index Robotics is a startup developing upper-body humanoid robots based on high-precision actuator technology .
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Lauris Liepa
Angel · 2 investments in Latvia SaaS startups

Lauris Liepa

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $50k–$192k
  • Lead/follow: 0% lead, 100% follow

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
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HansaMatrix
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia SaaS startups

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

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Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Lightspace Labs — Seeing is believing
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European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Software, Information Technology, Biotechnology
  • Stage:Grant, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $27k–$2.2M; Pre-Seed $44k–$1.3M
  • Lead/follow: 35% lead, 65% follow

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 Ltd develops innovative breath-based sampling, enabling rapid, non-invasive detection of respiratory diseases for improved global healthcare.
  • 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.
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Capitalia
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Software, CAD, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Sweden, Lithuania

Investor stats

  • Total investments: 6
  • Round size: Seed $329k–$8.3M
  • Lead/follow: 33% lead, 67% follow

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.
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EIT Urban Mobility
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Software, Transportation, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Spain, Sweden, France

Investor stats

  • Total investments: 56
  • Lead/follow: no public data

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!
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BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Latvia SaaS 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: Mobile, Information Technology, Apps
  • Stage:Seed, Series A, Series B
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $127k–$1.3M
  • Lead/follow: 25% lead, 75% 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.
  • Lightspace Labs — Seeing is believing
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Harry Cheung
Angel · San Francisco, California, United States · 1 investments in Latvia SaaS startups

Harry Cheung - Partner @ Siren Studios

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Investment focus

  • Industry: Apps, Drones, Internet
  • Stage:Seed
  • Geography: Latvia, United States

Investor stats

  • Total investments: 2
  • Round size: Seed $1.4M–$2.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Secret — Secret offers an online platform that enables users to share their personal secrets with other users anonymously. It owns and operates a mobile application that helps users to share and connect with friends. The company was founded in 2015 and is headquartered in San Francisco, California.
  • Airdog — We build smart robots that bring unprecedented value to its owners.
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Andris K. Berzins
Angel · Riga, Riga, Latvia · 1 investments in Latvia SaaS startups

Andris K. Berzins is the Managing Partner at Change Ventures. He attended Stanford University Graduate School of Business.

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Investment focus

  • Industry: E-Commerce, B2B, Aerospace
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Latvia, United States, Spain

Investor stats

  • Total investments: 12
  • Round size: Seed $1M–$8.3M; Pre-Seed $658k–$2.6M
  • Lead/follow: 58% lead, 42% follow

Portfolio highlights

  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • Reach.ly — Struggling with lead generation? Reachly helps B2B businesses book more calls & close more deals through multi-channel outreach. Get started today!
  • Printify — Sell custom t-shirts, phone cases, and 800+ products with your designs printed on demand. We will handle printing and shipping to your customers.
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pirate equity
VC Fund · 1 investments in Latvia SaaS startups

Micro VC developed to help investors explore new markets and sectors.

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Investment focus

  • Industry: Apps, SaaS, VoIP
  • Stage:Convertible Note
  • Geography: Latvia, Poland, Lithuania

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
  • LiveCall — LiveCall is the #1 inbound sales calls platform.Most businesses are losing ~50% of potential inbound calls. LiveCall fixes the conversion gap in 'last mile marketing' for businesses using calls.Typical results with LiveCall are 30-120% more sales calls - without increasing your traffic. What's more, you see this within 7 days.Loved by businesses across industries - travel, insurance, finance, travel, automotive, utilities and many more.
  • H-Finance — Infrastructure and compliance for financial institutions to work with digital assets
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Andrej Jakovlev
Angel · 1 investments in Latvia SaaS startups

Andrej Jakovlev

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Investment focus

  • Industry: B2B, E-Commerce, Marketplace
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • machinesearch.io — B2B MARKETPLACE For machinery & equipment that is target to all globe. It is one of the biggest niche sectors that takes billions worldwide while buying and selling different machinery. Looking for VENTURE INVESTOR (we have ready prototype that need to be modified for full operation work. Prototype already attracted some clients fromNetherlands, USA, Russia, Ukraine, malaysia, Finland, Latvia, Lithuania, Indonesia, India, Pakistan …). Marketplace already show great results.
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Revo Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Latvia SaaS startups

Operational venture capital firm that invests across Turkey, Eastern Europe & Baltics in seed to Series B rounds.

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Investment focus

  • Industry: Software, Information Technology, Financial Services
  • Stage:Seed, Series A
  • Geography: Turkey, United States, United Kingdom

Investor stats

  • Total investments: 68
  • Round size: Seed $430k–$4M; Series A $1M–$38M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • CLEATUS — CLEATUS is an AI-powered platform that helps government contractors discover contract opportunities, manage capture pipelines, and write winning proposals. We make government contracting accessible to any business, with AI that automates everything from finding opportunities to submitting winning proposals.Empowering government contractors withagentic AI for every stage of the contracting lifecycle. Effortlessly discover new opportunities, craft winning proposals, manage pursuits and win more work within a single, purpose-built platform designed for organizations of any size.
  • Alpaka Games — Alpaka Games is a mobile gaming company.
  • Virgosol Information and Software Solutions — Virgosol is a next-gen QA & Software Testing Services provider co-headquartered in Istanbul and offshore test labs around Turkey in 5 different cities. Virgosol testing services covers Test Consultancy and Management, Functional and Non-Functional testing, Test Automation, DevOps, Agile, Web, Mobility and WebService/API to name a few.Virgosol is pioneering the next-gen Continuous Testing practices with a team of young, passionate testers focused on test automation, CI/ CD and shift left methodologies. With its in-house testing solutions, global pool of skilled testers, specialist testing approach and global delivery model, Virgosol is helping its clients transform their QA function to reduce production defects, reduce QA cycle times and lower overall QA costs. Virgosol has proven record of implementing projects in stipulated time frames & budget with a team of experienced test professionals having rich experience in technology as well as vertical domains.
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Sune Alstrup
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Latvia SaaS startups

Tech Investor and Entrepreneur, former Founder & CEO at The Eye Tribe

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Investment focus

  • Industry: Software, Computer Vision, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Denmark, Sweden, Finland

Investor stats

  • Total investments: 17
  • Round size: Seed $185k–$4.9M; Pre-Seed $212k–$3.5M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Tame — ABOUT With Tame you can fully customise your virtual events, and make them fun, engaging & exciting to attend.- Apply your branding: Customise your virtual event completely - Personalised Welcome: Personal welcome message when attendees enter - Multiple stages: Broadcast content across multiple stages. - Live streaming: Stream live via anybroadcasting software - Pre-recorded videos: Broadcast pre-recorded videos as if it was live - Breakout sessions: Enable public or private breakout sessions. - Virtual Sponsor booths: Allow attendees to engage with sponsors live. - Customise Chat: Allow for 1:1 chat, group chat or session chat. - 1:1 Video Meetings: Empower social networking virtually.OUR COMPANY We are an experience-centric company, and we believe in the power of great experiences. 
 Our international group of dreamers, creators and rule-breakers passionate about merging design and technology together, enables us to transform that into one truly amazing event platform.OUR PEOPLE The team behind Tame has an aggregated decades long experience of creating events and building products that solve real problems for real people. So, what got us here? Our ambition to change a broken event industry through innovation, customer obsession and a relentless focus on the great experience.
  • Tiimo — Tiimo helps you manage your daily life and improve your wellbeing. Visualize your day. Improve your routines. Stress less.
  • MyMonii — MyMonii will help families to integrate financial education into everyday life. They want to create a service that makes it possible and simple for parents to teach their children about spending money, savings and consumption, so they can have a healthy relationship with money and can be well prepared for having to stand on its own economic feet.MyMonii have +200.000 Downloads in Denmark.
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Nikita Sergienko
Angel · 1 investments in Latvia SaaS startups

Nikita Sergienko

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

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
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Toivo Annus
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia SaaS startups

Active individual investor in flying drones, also looking at payments and ecommerce.

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Investment focus

  • Industry: E-Commerce, Software, FinTech
  • Stage:Seed, Series A
  • Geography: Singapore, United States, Estonia

Investor stats

  • Total investments: 37
  • Lead/follow: no public data

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • Enview — Enview offers the next generation of Geospatial Analytics Software and GEOINT technology for energy companies and governments to protect their critical infrastructure.
  • GOSU Data Lab — Try the World`s first game voice assistant to master the game effortlessly. Learn more - how it works and how can it help you.
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Vesna Investment
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia SaaS startups

Vesna Investment offers financing for internet start-ups. During the post-investment stage Vesna Investment will become an active partner, providing support and experience.

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Investment focus

  • Industry: EdTech, Internet, Education
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • YaClass — YaClass is an edutech startup offering K12 online programs in math, sciences and languages, as well as preparation tests for state exams.
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Inovo.vc
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Latvia SaaS startups

VC for the most ambitious founders in CEE

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Poland, United States, United Kingdom

Investor stats

  • Total investments: 77
  • Lead/follow: no public data

Portfolio highlights

  • Jutro Medical — Jutro Medical offers a combination of online and offline primary care — pairing mobile first telemedicine with physical clinic
  • Yope — Salo is a discussion platform that erases the borders for people with diverse opinions to let anyone speak up and be heard.
  • sintra.ai — Build, grow, and scale your business with a team that never sleeps.
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BADideas.fund
VC Fund · 1 investments in Latvia SaaS startups

BADideas.fund backs bold founders from the Baltics and CEE with fast, founder-friendly funding. Led by a community of unicorn builders, we support early-stage B2B and marketplace startups with global ambition.

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Investment focus

  • Industry: Software, Information Technology, FinTech
  • Stage:Pre-Seed, Seed
  • Geography: Estonia, Latvia, Ukraine

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • Qminder — Set up Qminder queue management software in minutes. Real-time reports on customer service & employee performance. Cloud-based. Wireless. Free Support.
  • THEO — Power-Up Any AI Assistant in 3 minutes by transforming your startup's strategy, product, and market info into an expert-designed AI-ready knowledge format, making AI truly understand your unique business nuances.
  • Desktop Commander — Desktop Commander is a powerful MCP tool that helps developers manage files, set up servers, and deploy applications with ease.
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Chris Sang
Angel · Sydney, New South Wales, Australia · 1 investments in Latvia SaaS startups

Venture Capitalist, Managing Partner, Chief Technology Officer

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Australia, India

Investor stats

  • Total investments: 119
  • Lead/follow: no public data

Portfolio highlights

  • 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.
  • Bloodstock Advantage — Stealth
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APX
VC Fund · Berlin, Berlin, Germany · 1 investments in Latvia SaaS startups, 9 in the past 12 months

APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor.We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months,depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 171
  • Lead/follow: no public data

Portfolio highlights

  • Spike Technologies — November 30, 2022 - Spike technology, REST API end-points, and Cloud architecture are designed with data privacy and security at heart. We process billions of
  • Eleos — Get income protection insurance online with Eleos. All policies include 24x7 Virtual GP, gym discounts and other benefits.
  • DC Connected — Mobility Enhancement Platform
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European Union
VC Fund · London, England, United Kingdom · 1 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Health Care, Information Technology, Biotechnology
  • Stage:Grant, Seed
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 129
  • Lead/follow: no public data

Portfolio highlights

  • RoboTwin — Easy robot teaching for spray painting, powder coating, grinding, sanding, polishing, general motion teaching. 3 steps & 1 minute to automation.
  • Future Genius — Genius Nation is a platform that increases the effectiveness of teaching science subjects by 16 to 27%. The platform individualizes the teaching process for each student. Algorithms that individualize the teaching process are responsible for uniquely adapting the teaching process to the individual cognitive processes of each student. Thanks togamification, the platform supports each student every day, motivating them to acquire skills. The platform combines the school and home environment, allowing for full support of the student. The platform was created as a result of scientific research conducted in schools. Using artificial intelligence technologies and neurolearning, scientific achievements of cognitive psychology help students progress in their studies every day. A dedicated Genius Conduction bone headset was created for the platform.
  • ProCredit Bank Moldova — ProCredit Bank Moldova is a development-focused commercial bank.
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EIT Digital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Latvia SaaS startups, 9 in the past 12 months

Join Europe's largest digital innovation ecosystem. For a strong digital Europe. Inclusive. Fair. Sustainable.

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Investment focus

  • Industry: Information Technology, Software, Internet
  • Stage:Pre-Seed, Grant, Seed
  • Geography: Italy, Spain, Poland

Investor stats

  • Total investments: 22
  • Lead/follow: no public data

Portfolio highlights

  • VoiceMed — Track respiratory health using voiceWe bring deep-tech innovation into your smartphone. With vocal biomarkers and artificial intelligence, we track the evolution of respiratory diseases.
  • Assiduous — The AI-enabled platform to do the heavy-lifting for business owners seeking finance for their aspiring growth company.
  • Veganistik — Veganistik is a new generation vegan social platform, helping you start your plant-based life or maximize your experience.
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VK (ex. Mail.Ru Group)
VC Fund · Leningradskiy, Chukot, Russian Federation · 1 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Social Media, Mobile Apps, Education
  • Stage:Seed, Series A
  • Geography: Russian Federation, United States, Cyprus

Investor stats

  • Total investments: 30
  • Lead/follow: no public data

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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Wistron Corporation
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Latvia SaaS startups

Wistron Corporation is a technology service provider supplying innovative.

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Series B, Seed, Series A
  • Geography: United States, Taiwan, Hong Kong

Investor stats

  • Total investments: 32
  • Lead/follow: no public data

Portfolio highlights

  • GMI Cloud — GMI Cloud is a business of empowering the world's best ideas. Which provide businesses all over the globe with unmatched cloud access to top-tier GPUs like the NVIDIA H100 and streamlined software platform for integration, virtualization, and deployment.
  • Zettabyte — Zettabyte offers an AI-native platform that manages and scales GPU workloads efficiently using its intelligent orchestration system.
  • Princeton NuEnergy — Princeton NuEnergy is a clean-tech startup focused on the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. Its patented Direct Battery Recycling technology to produce high-quality and high value-added cathode active materials with low operating cost from spent lithium-ion batteries and delivers sustainableenergy and environmental solutions.
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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 1 investments in Latvia SaaS startups, 11 in the past 12 months

Caucasus Ventures is a venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, Financial Services
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Azerbaijan, Georgia

Investor stats

  • Total investments: 36
  • Lead/follow: no public data

Portfolio highlights

  • Clopos — Clopos provides next-generation solutions that simplify and automate work in restaurants and other food businesses, making management more convenient and efficient
  • TASS Vision — A startup company specializing in computer vision based on artificial intelligence and embedded technologies. The company develops and implements technologies such as recognition, detection, tracking and classification, which runs on small embedded computers. In other words: A company that is essentially your second eyes.The company was foundedin 2019.
  • Glacies Biome — Discover the Future of Personalized Skincare Powered by Microbiomics & AI
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ZEMU Venture Capital
VC Fund · 1 investments in Latvia SaaS startups

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

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Hong Kong, The Netherlands

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

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.
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Vinny Lingham
Angel · San Francisco Bay Area, California, United States · 1 investments in Latvia SaaS startups

Vinny Lingham is the Co-Founder and CEO of Rumi.ai(Waitroom). He previously worked at YPO as a Member. Vinny Lingham attended Harvard Business School Executive Education.

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Investment focus

  • Industry: Blockchain, Internet, Cryptocurrency
  • Stage:Seed, Angel
  • Geography: United States, South Africa, United Kingdom

Investor stats

  • Total investments: 39
  • Lead/follow: no public data

Portfolio highlights

  • Sweatcoin — Sweatcoin is a digital currency backed by physical movement. They verify and convert movement into currency. Users can then donate it to charity, transfer to other users or spend on products, services, and experiences provided by Sweatcoin vendors and user community.Sweatcoin tackles Present Bias by moving the future benefits of exercise into thehere and now- immediately converting movement into a digital currency and changing the perception of physical movement.
  • Afterparty — Afterparty is a technology company behind the new Web3 platform enabling creators to directly monetize and manage NFT collector relationships
  • Decent Labs — We are rebuilding trust in technology. Decent Labs is developing a more transparent and equitable society by creating startups at the cross-section of financial technology and digital rights.
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Social Discovery Group
VC Fund · New York, New York, United States · 1 investments in Latvia SaaS startups

Social Discovery Group is the world's largest group of social discovery companies. It unites more than 40 brands, an investment fund and a venture studio.

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Investment focus

  • Industry: Apps, Internet, Mobile
  • Stage:Series A, Seed
  • Geography: United States, United Kingdom, China

Investor stats

  • Total investments: 33
  • Lead/follow: no public data

Portfolio highlights

  • My NFT Wars — My NFT Wars is an innovative open-market collectible game with a strong emphasis on RPG and strategy elements. Collect heroes and build your strategy for victory in PVP and PVE battles. Join the world, full of the never-ending struggle for resources, territorial conquest, and political domination.
  • Woebot Health — Woebot Health has created relational technologies that underpin a new generation of digital therapeutics and tools for mental health. The company’s proprietary relational agent, Woebot, is capable of quickly forming a bond with users and delivering human-like therapeutic encounters that are psychologically related, responsive to a person’s dynamicstate of health, and targeted using multidisciplinary tools. Woebot is at the heart of the company’s AI-powered platform and the foundation for digital therapeutics and tools that seamlessly integrate within health ecosystems and solve for gaps along the health care journey. The company is headquartered in San Francisco and is funded in part by venture capital firms New Enterprise Associates (NEA), Jazz Venture Partners L.P., Temasek, Owl Ventures, and BlackRock Private Equity Partners with participation from Andrew Ng’s AI Fund.
  • Zhonghui Laser — Zhonghui Laser is an emerging technology company dedicated to the development and manufacture of advanced lasers.
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SmartHub
VC Fund · San Francisco, California, United States · 1 investments in Latvia SaaS startups

SmartHub is a funding and service platform which connects the best start ups to investors, and supports at every investments.Service solutions for investors – tailor made venture portfolios: focused pipeline, extensive analysis and research of investment options, deal structuring, legal paper work, quarterly reporting, investment rightsprotection till exit.Service solutions for startups – fast communications and feedback, mutually beneficial deal making, strategic development support, networking and consulting at fundraising stage.

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Investment focus

  • Industry: Internet, SaaS, Software
  • Stage:Seed, Convertible Note, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 42
  • Lead/follow: no public data

Portfolio highlights

  • TransferGo — Move and manage money between borders quickly and affordably with TransferGo.
  • Damon Motors — Damon is unleashing the full potential of personal mobility for the world’s commuters. With its proprietary electric drivetrain, the company has developed the world’s safest, smartest, fully connected electric motorcycle platform employing radical innovations in battery propagation resistance, sensor fusion and AI. Designed as a platform forworldwide line extension, Damon motorcycles will ship direct to consumer on subscription plans to drive scale. Based in Vancouver, Canada, Damon is a Techstars Mobility company founded by serial entrepreneurs Jay Giraud and Dom Kwong. Damon’s investors include Round 13 Capital, Techstars, Fontinalis, Extreme Venture Partners and Pallasite Ventures.
  • EWA Learn — Start learning English, French and Spanish with EWA: conversational vocabulary, interactive exercises, modern examples and fun tasks are waiting for you!
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Chris Hulls
Angel · Berkeley, California, United States · 1 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: Apps, Drones, Mobile
  • Stage:Seed, Series A
  • Geography: United States, Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

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.
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Siena Capital
VC Fund · 1 investments in Latvia SaaS startups

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

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Investment focus

  • Industry: CAD, Banking, FinTech
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Estonia, Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

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 — Tuum frees financial institutions from legacy constraints with a cloud-native core built for fast launches, progressive modernization, and scale.
  • Teamscope — Great things in business are never done by one person, but by high-performing teams.Teamscope was founded by leading executive search professionals, data scientists, and tech entrepreneurs to help managers make better hiring decisions and build more engaged, high-performing teams.The teamscope platform combines big data analytics withscientific testing to analyze teams and help team leaders make better hiring decisions. Our unique algorithm analyzes the values, personality characteristics, and core competencies of team members to first profile the existing team. Based on that, the platform recommends what characteristics to look for in a candidate and evaluates how well each candidate fits in with the role and the team. The platform then generates a detailed behavioral profile and interview guide for each candidate to help the hiring manager choose the best person for the team.
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Trind Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia SaaS startups

Trind Ventures is an early stage VC fund based in Tallinn, Estonia. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.

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Investment focus

  • Industry: Software, Information Technology, Marketplace
  • Stage:Seed, Series A
  • Geography: Estonia, Finland, Sweden

Investor stats

  • Total investments: 31
  • Lead/follow: no public data

Portfolio highlights

  • Webel — Webel is an on demand Home Services Marketplace (cleaning, nannies, tutors...) where clients can search, book, compare, pay and review these services. Thanks to a deep analysis of the current methods for hiring these services and the competition outlook, we have created a unique and revolutionary business model that will outperform the market.
  • Groover — Groover is the best way to promote your music to blogs, radios, record labels, & Spotify playlisters. Get listened to, receive coverage & guaranteed feedback!
  • Jobilla — Reach and activate your target group with a powerful recruitment solution. Increase the amount of applications and get 7X more qualified candidates.
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Fiedler Capital
VC Fund · Vienna, Wien, Austria · 1 investments in Latvia SaaS startups

We are a first check investor helping overlooked founders from peripheral European ecosystems defy the odds and create breakout companies.

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Investment focus

  • Industry: Software, Information Technology, Food and Beverage
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Hungary, Latvia, Serbia

Investor stats

  • Total investments: 19
  • Lead/follow: no public data

Portfolio highlights

  • AgroSync — Uncover hidden profits. Use field data to boost returns this season
  • RivalSense — Monitor competitors of your startup. Receive curated weekly updates.
  • Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
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SaaS Investor funding in Latvia at a glance

Stats across 17 deals from 15 investors.

15
investors
in Latvia SaaS startups
17
deals
in Latvia SaaS startups
$35k
median round
in Latvia SaaS startups
40%
lead investors
lead at least one round
24%
Pre-Seed
most common funding stage
87/13
VC / Angel
share of investor count

Access all 15 investors in Latvia SaaS startups.

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