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Top 50 SaaS Startup Investors in Latvia (September 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
44 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $55k–$633k
Expansion Capital
VC Fund
10 Latvia, United States, Norway Seed, Venture - Series Unknown, Debt Financing Manufacturing, Software, Logistics $113k–$2.4M
HansaMatrix
VC Fund
7 Latvia Seed, Convertible Note, Venture - Series Unknown Electronics, 3D Technology, Augmented Reality $386k–$3.4M
ZGI Capital
VC Fund
7 Latvia, Estonia, United Kingdom Seed, Venture - Series Unknown, Debt Financing Manufacturing, Consulting, Construction $55k–$1.6M
Baltic Tech Ventures
VC Fund
6 Latvia, Lithuania, Estonia Seed, Pre-Seed Software, Information Technology, Mobile Apps $24k–$305k
FlyCap
VC Fund
5 Latvia, Estonia, The Netherlands Seed, Venture - Series Unknown Health Care, Rental, Medical $55k–$2.9M
Karma Ventures
VC Fund
4 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $549k–$30M
Uldis Sipols
Angel
4 Latvia Seed, Angel, Pre-Seed CAD, Software, Simulation $55k–$393k
Change Ventures
VC Fund
4 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$39M
New Nordic Ventures
VC Fund
4 Latvia, Estonia, United States Pre-Seed, Seed Information Technology, Software, Analytics $158k–$1.1M
Open Circle Capital
VC Fund
4 Lithuania, United States, Canada Seed, Pre-Seed, Series A Software, E-Commerce, Information Technology $202k–$7.2M
Superhero Capital
VC Fund
3 Finland, Lithuania, Estonia Seed, Pre-Seed, Venture - Series Unknown Software, Information Technology, Artificial Intelligence $114k–$7.3M
BaltCap
VC Fund
3 Latvia, Lithuania, United States Private Equity, Seed, Series A Information Technology, Software, Mobile $127k–$100M
Lauris Liepa
Angel
3 Latvia Pre-Seed CAD, Software, Simulation $40k–$393k
Practica Capital
VC Fund
3 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A Software, B2B, Information Technology $219k–$30M
Sverre Bisgaard
Angel
3 Latvia Pre-Seed, Convertible Note CAD, Software, Simulation $54k–$393k
Angel Parn
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Inovo.vc
VC Fund
2 Poland, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $300k–$23M
EIT Urban Mobility
VC Fund
2 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
Lev Dolgatsjov
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Base Ventures
VC Fund
2 United States, South Korea, Canada Seed, Series A, Pre-Seed Software, Mobile, E-Commerce $125k–$24M
Siena Capital
VC Fund
2 Estonia, Latvia Seed, Pre-Seed, Convertible Note Financial Services, Banking, FinTech $55k–$4.8M
Revo Capital
VC Fund
2 Turkey, United States, United Kingdom Seed, Series A, Series B Software, Artificial Intelligence, Information Technology $430k–$66M
Nikita Sergienko
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
Outlast Fund
VC Fund
2 Latvia, Estonia, Canada Pre-Seed, Seed Software, SaaS, Artificial Intelligence $175k–$4.2M
pirate equity
VC Fund
2 Latvia, Poland, Lithuania Convertible Note Sales, Software, Apps $30k–$30k
Proks Capital
VC Fund
2 Latvia Series A, Venture - Series Unknown Music, Software, Musical Instruments
Nicolai Torgersen
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $55k–$393k
ASP Asset Management
VC Fund
2 Latvia Pre-Seed Information Technology, Industrial Manufacturing
Almaz Capital
VC Fund
2 United States, Russian Federation, Germany Series A, Seed, Series B Software, Artificial Intelligence, Internet $1.1M–$58M
BADideas.fund
VC Fund
2 Estonia, Latvia, Lithuania Seed, Pre-Seed, Grant Software, Information Technology, Artificial Intelligence $110k–$3.6M
Indrikis Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $40k–$393k
Capitalia
VC Fund
2 Latvia, Sweden, Lithuania Seed, Debt Financing Software, CAD, Apps $149k–$9M
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Venture - Series Unknown, Pre-Seed Software, Information Technology, Artificial Intelligence $44k–$9.2M
Povilas Urbonas
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $55k–$393k
Miko Malberg
Angel
2 Latvia Seed, Angel CAD, Software, Simulation
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
VK (ex. Mail.Ru Group)
VC Fund
1 Russian Federation, United States, Cyprus Seed, Series A Social Media, Mobile Apps, Education
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
SMOK Ventures
VC Fund
1 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS
Fiedler Capital
VC Fund
1 Hungary, Latvia, Serbia Seed, Pre-Seed, Series A Software, Information Technology, Food and Beverage
Lauri Isotamm
Angel
1 Latvia, United States Pre-Seed Software, CAD, Music
Arthur Watson
Angel
1 Latvia Seed Drones, Robotics
Rein Raudjarv
Angel
1 Latvia Angel CAD, Software, Simulation
Maksim Zakurdaev
Angel
1 Latvia Angel CAD, Software, Simulation
Elar Nellis
Angel
1 Latvia, Estonia, United States Seed, Angel, Pre-Seed CAD, Battery, Consumer
Harry Cheung
Angel
1 United States, Latvia Seed Internet, Apps, Hotel $1.4M–$2.5M
SmartHub
VC Fund
1 United States, United Kingdom, Canada Seed, Convertible Note, Series A Internet, SaaS, Software
Access all 225 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 · 44 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: 83
  • Round size: Seed $127k–$633k; Debt Financing $55k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — raised $12M in 2010

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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Expansion Capital
VC Fund · Riga, Riga, Latvia · 10 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, Software, Logistics
  • Stage:Seed, Venture - Series Unknown, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 42
  • Round size: Seed $132k–$2.4M; Debt Financing $113k–$242k; Venture - Series Unknown $225k–$1.6M
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
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HansaMatrix
VC Fund · Riga, Riga, Latvia · 7 investments in Latvia SaaS startups

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

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Investment focus

  • Industry: Electronics, 3D Technology, Augmented Reality
  • Stage:Seed, Convertible Note, Venture - Series Unknown
  • Geography: Latvia

Investor stats

  • Total investments: 7
  • Round size: Seed $386k–$871k; Venture - Series Unknown $1.6M–$3.4M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Lightspace Labs — Seeing is believing
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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, Consulting, Construction
  • Stage:Seed, Venture - Series Unknown, Debt Financing
  • Geography: Latvia, Estonia, United Kingdom

Investor stats

  • Total investments: 28
  • Round size: Seed $55k–$896k; Debt Financing $110k–$981k; Venture - Series Unknown $306k–$1.6M
  • Lead/follow: 89% lead, 11% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • Echoo Group — Echoo Group provides Smart Home, Building automation system (BMS), Engineering network solutions from design to solution.
  • RoyaltyRange — RoyaltyRange is a data provider with 4 professional databases covering Royalty rates, Service fees, Loan rates, Companies' financials.
  • Electrify — Electrify manufactures electric buses and minibusses offers charging solutions, and bus infrastructure maintenance.
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Baltic Tech Ventures
VC Fund · Riga, Riga, Latvia · 6 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. BTV angel investors benefit from the ability to invest directly into the Baltics' most promising startups on the same terms as the smartest money in the region. Unlike other VC opportunities, BTVinvestors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup.

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Investor stats

  • Total investments: 30
  • Round size: Seed $55k–$2.9M; Venture - Series Unknown $562k–$2.7M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $21M in 2013

Portfolio highlights

  • Mintos — Mintos is a platform that provides retail investors with an accessible way to build wealth through loan-based investments. Through their platform retail investors can invest in a diversified way in income-producing assets to build wealth in the long term. They implement environmental, social, and employee matters, respect for human rights,anti‐corruption, and anti‐bribery matters within their remuneration policy practices and other internal company documents.
  • 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!).
  • 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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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 4 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, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, United States, Finland

Investor stats

  • Total investments: 54
  • Round size: Seed $549k–$4.8M; Series A $3.9M–$17M; Series B $3.1M–$30M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $113M in 2021

Portfolio highlights

  • Mindgard — Mindgard is the leading provider of AI Red Teaming solutions.
  • Leil Storage — ON-PREMISES DISTRIBUTED FILE STORAGE WITH CLOUD-SCALE DENSITY+23% extra FREE capacity and density NOW +23% extra FREE capacity and density NOW +20% lower CO₂ emissions and power costs NOW up to +70% saved energy in the futureFirst distributed filesystem that supports the biggest HDDs on the planet, enabling enterprises with HM-SMR basedstorage.
  • Starship Technologies — The future of delivery - today!
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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: 5
  • Round size: Pre-Seed $55k–$393k
  • 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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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: 65
  • Round size: Seed $500k–$4.2M; Pre-Seed $273k–$2.2M; Series A $1M–$39M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • BirdyChat — A modern work chat app for professionals. Start conversations with anyone using their work email. Collaborate and grow your network.
  • Giraffe360 — Giraffe360 is game-changing subscription product for real estate companies to streamline professional quality photography and high accuracy floor plan creation.
  • Saltz — Premium ingredients for your menu with no hidden delivery fees or markups.
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New Nordic Ventures
VC Fund · Riga, Riga, Latvia · 4 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: Information Technology, Software, Analytics
  • Stage:Pre-Seed, Seed
  • Geography: Latvia, Estonia, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $217k–$1.1M; Pre-Seed $158k–$600k
  • Lead/follow: 64% lead, 36% 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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Access 48,091 investors

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

Browse database — It's Free!
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, E-Commerce, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Lithuania, United States, Canada

Investor stats

  • Total investments: 39
  • Round size: Seed $202k–$2.2M; Pre-Seed $219k–$1M; Series A $5M–$7.2M
  • Lead/follow: 36% lead, 64% follow

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 — Monimoto develops and manufactures world's easiest to install and use GPS tracker. It's autonomous, powered by battery and controlled by smart phone.
  • Perfection42 — Perfection42 empowers creators to reach Unlimited Quality with custom Artificial intelligence tools without a single line of code.
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Superhero Capital
VC Fund · Helsinki, Southern Finland, Finland · 3 investments in Latvia SaaS startups, 14 in the past 12 months

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, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Finland, Lithuania, Estonia

Investor stats

  • Total investments: 102
  • Round size: Seed $228k–$2.6M; Pre-Seed $114k–$1.8M; Venture - Series Unknown $1.6M–$7.3M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely actively investing — fresh fund, raised $41M in 2025

Portfolio highlights

  • Sigvi — Sigvi is a managed car rental marketplace that turns thousands of fragmented small fleet operators into one AI managed rental network. The platform aggregates vehicle supply from independent rental companies and private owners, handles all operations — from booking and keyless pickup to maintenance, insurance, and fines — and delivers a fullydigital rental experience to travellers and businesses across Europe.Based in Vilnius, Lithuania, Sigvi operates an asset-light model where car owners list vehicles for a minimum of one year while Sigvi manages the entire customer lifecycle. Guests book through the platform and access cars 24/7 via keyless phone unlock at Sigvi-managed parking lots, eliminating the counter queues and trust issues that plague traditional rental.The company serves both B2C travellers (tourists, long-term renters, car replacement) and B2B clients (corporate fleets, insurance replacement vehicles, OTA partners). Sigvi is live in Lithuania and Poland, targeting the ~35% of the €72B European car rental market still served by independent operators with no technology infrastructure.
  • Guideless — Guideless turns any browser workflow into a polished, AI-narrated video guide in minutes. No screen recording, no tedious editing. Just turn on our Chrome extension, click through your process as you normally would, and instantly get a share-ready guide.Use cases: Product walkthroughs, customer onboarding, employee training, and supportdocumentation.Key features: - AI-written narration and natural voiceover. - Smart zooms and highlights for clarity. - Built-in captions for accessibility. - Always consistent and on-brand. - Shareable URLs, embed codes, and export to MP4How it works: - Add the Chrome extension. - Capture your workflow. - Share your guide.Privacy built-in: Your guides and data are never used to train AI models and are securely encrypted.Check https://guideless.ai/gallery and get inspired with curated guides showcasing workflows, product demos, and tutorials across every use case.
  • SeeTrue Technologies — Ultra-low-power eye tracking from SeeTrue delivers accurate gaze data for AR/VR, microscope & camera eyepieces and wearables, powered by custom sensors.
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BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 3 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: Information Technology, Software, Mobile
  • Stage:Private Equity, Seed, Series A
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 13
  • Round size: Seed $127k–$1.3M; Private Equity $1M–$100M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: May invest from a new fund soon — raised $138M in 2019

Portfolio highlights

  • Verkter — Verkter is a commercial group offering DIY tools and accessories.
  • KOOL Latvija — "KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.
  • Nord Security — Nord Security is the leader in the field of online privacy and security. Our security tools have earned praise from respected experts and tech outlets.
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Lauris Liepa
Angel · 3 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: 3
  • Round size: Pre-Seed $40k–$393k
  • 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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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 3 investments in Latvia SaaS startups

Practica Capital

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Investment focus

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

Investor stats

  • Total investments: 139
  • Round size: Seed $219k–$3.2M; Pre-Seed $555k–$2.4M; Series A $2.4M–$30M
  • Lead/follow: 44% lead, 56% follow
  • Last fund: Likely still investing — raised $85M in 2022

Portfolio highlights

  • Creem — Creem is the all-in-one platform where software companies run payments, taxes, affiliates and revenue - together Finance for humans building online
  • kopa.ai — AI agents for e-commerce growth.
  • Outcraft AI — Outcraft AI is the autonomous revenue engine built to drive growth across the entire customer lifecycle.
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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, Convertible Note
  • Geography: Latvia

Investor stats

  • Total investments: 4
  • Round size: Pre-Seed $54k–$393k
  • 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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Angel Parn
Angel · Tallinn, Harjumaa, Estonia · 2 investments in Latvia SaaS startups

Angel Parn

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Investment focus

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

Investor stats

  • Total investments: 2
  • 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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Inovo.vc
VC Fund · Warsaw, Mazowieckie, Poland · 2 investments in Latvia SaaS startups, 7 in the past 12 months

VC for the most ambitious founders in CEE

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Investment focus

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

Investor stats

  • Total investments: 101
  • Round size: Seed $300k–$9.9M; Pre-Seed $700k–$3.4M; Series A $1.7M–$23M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $107M in 2022

Portfolio highlights

  • Yope — Salo is a discussion platform that erases the borders for people with diverse opinions to let anyone speak up and be heard.
  • Ingenix — Ingenix is building an AI Co-pilot for generating real-time hypotheses on clinical endpoints values and adverse events.
  • Nanogram — Nanogram is an AI-powered gaming startup that creates an instant prompt-to-game platform, allowing anyone to build and share interactive short-form video games. Frequently described as "TikTok for mobile games," the company delivers an endless, vertical social feed of byte-sized, zero-download games that players swipe through and playinstantly.
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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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Lev Dolgatsjov
Angel · 2 investments in Latvia SaaS startups

Lev Dolgatsjov

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Investment focus

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

Investor stats

  • Total investments: 2
  • 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, Pre-Seed
  • Geography: United States, South Korea, Canada

Investor stats

  • Total investments: 131
  • Round size: Seed $250k–$7M; Pre-Seed $125k–$1M; Series A $1.2M–$24M
  • Lead/follow: 8% lead, 92% 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.
  • Will Perform —
  • Sume — Sume provides agent-native video generation APIs and tools for creating avatar-based and UGC-style videos. The company offers Sume Avatar 1.0, a multi-model orchestration system that behaves like a single avatar endpoint for generating talking-head and product-focused clips. Developers use the Sume Developer API and CLI to create reusable avatars,submit structured video generation jobs, track status, and retrieve production-ready media. The platform supports workflows where agents or applications coordinate creative inputs such as avatars, scripts, and product images. Sume for Brands provides an AI creative application that turns product URLs, product assets, and creative direction into ad-ready UGC-style videos. Its services are used for advertising, branded content, and other video-based communication scenarios.
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Siena Capital
VC Fund · 2 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: Financial Services, Banking, FinTech
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Estonia, Latvia

Investor stats

  • Total investments: 6
  • Round size: Seed $2.7M–$4.8M; Pre-Seed $55k–$393k
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $61M in 2021

Portfolio highlights

  • Tuum — Tuum is a cloud-native banking platform that is spearheading the next generation of digital innovation in the financial services industry. Built around a microservices architecture, the platform consists of flexible and independent modules covering all retail and business banking capabilities. The platform is API-based for quick and easyintegration and can run on all major cloud providers, as well as on private clouds. Founded by a team of banking and technology experts in 2019, Tuum combines technological excellence with in-depth banking knowledge and packages it into a sophisticated, cutting-edge platform. Tuum currently employs over 60 people with offices in Tallinn, Berlin and Malaga
  • Wisnio — 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.
  • Solid World — A DAO that will create new carbon projects
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Revo Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Latvia SaaS startups, 8 in the past 12 months

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, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: Turkey, United States, United Kingdom

Investor stats

  • Total investments: 96
  • Round size: Seed $430k–$8.4M; Series A $1M–$38M; Series B $3.4M–$66M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely actively investing — fresh fund, raised $86M in 2025

Portfolio highlights

  • CLEATUS — CLEATUS | Bring Government Contracting to Every Business with AI
  • a1Mobile — Your carrier, now AI-native.
  • Turbo Law — Turbo Law is a privately held legal technology company that provides an AI-native execution platform designed to simplify complex, document-intensive litigation for defense law firms and insurance carriers.
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Nikita Sergienko
Angel · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Latvia SaaS startups

Nikita Sergienko

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Investment focus

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

Investor stats

  • Total investments: 2
  • 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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Outlast Fund
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia SaaS startups

The Outlast Fund concentrating on concepts that have a lasting effect.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Pre-Seed, Seed
  • Geography: Latvia, Estonia, Canada

Investor stats

  • Total investments: 10
  • Round size: Seed $175k–$4.2M; Pre-Seed $417k–$2.1M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely actively investing — fresh fund, raised $25M in 2025

Portfolio highlights

  • Superpal — Unlock peak productivity with Superpal - secure, executive-grade AI that automates workflows and elevates your performance.
  • display.dev — https://t.co/SF1T1dzqZc is the Google Drive for AI agents, the docs collaboration platform for humans and agents.
  • Deep Space Energy — Deep Space Energy is to become a commercial provider of radioisotope electricity for deep space science missions, the commercial lunar market, and scientific surface missions on the Moon and Mars.
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pirate equity
VC Fund · 2 investments in Latvia SaaS startups

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

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Investment focus

  • Industry: Sales, Software, Apps
  • Stage:Convertible Note
  • Geography: Latvia, Poland, Lithuania

Investor stats

  • Total investments: 6
  • Round size: Convertible Note $30k–$30k
  • 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 a next-generation phone solution connecting businesses and customers.
  • H-Finance — Infrastructure and compliance for financial institutions to work with digital assets
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Proks Capital
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia SaaS startups

Proks Capital supports innovative projects that we believe in rapid growth. They make high-risk (venture) investments in the equity of companies in technology start-ups aimed at the global market - preferably with registered patents.

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Investment focus

  • Industry: Music, Software, Musical Instruments
  • Stage:Series A, Venture - Series Unknown
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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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 $55k–$393k
  • 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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ASP Asset Management
VC Fund · 2 investments in Latvia SaaS startups

ASP Asset Management provides tailored investment solutions and fund management services for private and institutional clients.

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Investment focus

  • Industry: Information Technology, Industrial Manufacturing
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Cellbox Labs — Cellbox Labs offers industrialized organ-on-chip technology.It generates plug-and-play devices that enable chips to run without input.
  • Blue Shock Race — BSR is a Latvia-based in-house manufacturing company known for creating the world's most powerful rental electric go-karts featuring a quick-swap battery system, which have been exported to 40 countries. Leveraging a strong engineering team, BSR is expanding its portfolio by developing electric motorcycle power unit systems, battery energystorage solutions, and custom electric technology products to meet growing market demands.
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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, Artificial Intelligence, Internet
  • Stage:Series A, Seed, Series B
  • Geography: United States, Russian Federation, Germany

Investor stats

  • Total investments: 109
  • Round size: Seed $1.1M–$10M; Series A $2M–$21M; Series B $3.1M–$58M
  • Lead/follow: 50% lead, 50% 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.
  • Refurbed — Refurbed operates as an online marketplace for refurbished products in the german-speaking world. It sells renewed phones, laptops and tablets which are up to 40% cheaper and 100% more environmentally friendly than their brand-new, store-bought counterparts. Refurbed devices are renewed through a 40-step process, making them look like new andfunction like new. On top of that, each device comes with at least a 12-month guarantee.The company was founded in 2017 and is headquartered in Vienna, Austria.
  • Acumatica — Acumatica Is the Complete Cloud ERP Solution For All Your Business Management Needs Today and In The Future.
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BADideas.fund
VC Fund · 2 investments in Latvia SaaS startups, 11 in the past 12 months

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, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Grant
  • Geography: Estonia, Latvia, Lithuania

Investor stats

  • Total investments: 43
  • Round size: Seed $939k–$3.6M; Pre-Seed $110k–$1.3M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Tapaya — A modern, fast payment app that runs on any device you already own: phone, tablet or kiosk. Accept contactless payments in store with Tap to Pay, with nothing to buy and nothing to install on a counter.
  • ForActive — ForActive The Best App to Buy & Sell Memberships
  • Spotwise.ai — Spotwise hears every ad on TV, radio and podcasts, then puts AI agents on that data to do market research, reports, ad strategy and find new advertisers.
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Indrikis Liepa
Angel · 2 investments in Latvia SaaS startups

Indrikis Liepa co-heads M&A practice group and heads the tax law practice and is among the leading practitioners in pharmacy law. He has a vast track record of over 15 years in consulting the leading local and foreign financial, food production, IT and other companies. Indrikis has substantial skills base in arranging major local M&A dealsand significant investment projects. Indrikis has extensive knowledge on pharmacy law and is rendering both – daily legal support to numerous pharmacy undertakings and has also advised on major pharmaceutical industry headline deals.

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Investment focus

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

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $40k–$393k
  • 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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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: 7
  • Round size: Seed $149k–$9M
  • Lead/follow: 29% lead, 71% 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.
  • Ondato — Ondato provides KYC, AML, and age verification software to automate onboarding, prevent fraud, and ensure full regulatory compliance worldwide.
  • AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.
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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, Artificial Intelligence
  • Stage:Grant, Venture - Series Unknown, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 74
  • Round size: Grant $44k–$2.2M; Pre-Seed $44k–$1.2M; Venture - Series Unknown $261k–$9.2M
  • 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.
  • noc™ — 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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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 $55k–$393k
  • 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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Miko Malberg
Angel · 2 investments in Latvia SaaS startups

Miko Malberg

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Investment focus

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

Investor stats

  • Total investments: 2
  • 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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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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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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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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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Latvia SaaS startups

Bridging Silicon Valley to CEE

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, Ukraine

Investor stats

  • Total investments: 55
  • Lead/follow: no public data

Portfolio highlights

  • Darvin — Darvin provides platform leveraging AI to help mobile developers build and deploy apps for app stores more quickly and efficiently.
  • Defguard — Defguard is an open-source on-premise security platform and was created to give businesses powerful capabilities for safe access control.
  • 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.
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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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Lauri Isotamm
Angel · 1 investments in Latvia SaaS startups

Lauri Isotamm

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Investment focus

  • Industry: Software, CAD, Music
  • Stage:Pre-Seed
  • Geography: Latvia, United States

Investor stats

  • Total investments: 2
  • 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
  • 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.
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Arthur Watson
Angel · Charlottesville, Virginia, United States · 1 investments in Latvia SaaS startups

Arthur Watson - CFO @ Castle Hill

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Investment focus

  • Industry: Drones, Robotics
  • Stage:Seed
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • Airdog — We build smart robots that bring unprecedented value to its owners.
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Rein Raudjarv
Angel · 1 investments in Latvia SaaS startups

Rein Raudjarv

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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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Maksim Zakurdaev
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia SaaS startups

Maksim Zakurdaev

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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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Elar Nellis
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia SaaS startups

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.

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Investment focus

  • Industry: CAD, Battery, Consumer
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia, Estonia, United States

Investor stats

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

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
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Harry Cheung
Angel · San Francisco, California, United States · 1 investments in Latvia SaaS startups

Harry Cheung is a Board Member at Roostify.

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Investment focus

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

Investor stats

  • Total investments: 3
  • 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.
  • Recharge Labs — Overview Need a place to nap or shower in the city? Instantly book a luxury hotel room near you and pay by the minute.There's no need to book in advance or to tell the hotel how long you plan to stay. Your room is ready for you the moment you book – 24/7. Stay for as long as you want, then tap check out when you’re ready to leave.Recharge is currently available in San Francisco.
  • Airdog — We build smart robots that bring unprecedented value to its owners.
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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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SaaS Investor funding in Latvia at a glance

Stats across 277 deals from 225 investors.

225
investors
in Latvia SaaS startups
277
deals
in Latvia SaaS startups
$210k
median round
in Latvia SaaS startups
37%
lead investors
lead at least one round
28%
Seed
most common funding stage
73/27
VC / Angel
share of investor count

Access all 225 investors in Latvia SaaS startups.

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