# Top 50 SaaS Startup Investors in Latvia in June 2026 ## Imprimatur Capital Fund Management - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 42 - Stages: Seed, Debt Financing - Focus: Software, Information Technology, Apps 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. ## Expansion Capital - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 9 - Stages: Seed, Debt Financing - Focus: Manufacturing, Logistics, Transportation 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. ## ZGI Capital - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 7 - Stages: Seed, Debt Financing - Focus: Manufacturing, Machinery Manufacturing, Retail 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. ## FlyCap - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 5 - Stages: Seed, Debt Financing - Focus: Health Care, Rental, Medical 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. ## Open Circle Capital - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 4 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Artificial Intelligence 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. ## Change Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 4 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Apps We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world. ## Uldis Sipols - Type: Angel - Relevant deals: 4 - Stages: Seed, Angel, Pre-Seed - Focus: CAD, Software, Simulation Uldis Sipols ## New Nordic Ventures - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 3 - Stages: Pre-Seed, Seed - Focus: Software, Computer Vision, Machine Learning NNV is a seed stage VC fund. We invest in B2B startups from CEE and CIS region and help them to expand internationally ## Superhero Capital - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Internet 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€. ## Sverre Bisgaard - Type: Angel - Location: Oslo, Oslo, Norway - Relevant deals: 3 - Stages: Pre-Seed - Focus: CAD, Software, Simulation 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. ## Karma Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 3 - Stages: Series A, Seed, Series B - Focus: Software, Artificial Intelligence, FinTech karma.vc is an early stage venture capital fund focusing on seed and early stage technology companies in Europe. ## Practica Capital - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 3 - Stages: Seed, Pre-Seed, Series A - Focus: B2B, Software, Information Technology Practica Capital ## Almaz Capital - Type: VC Fund - Location: Portola Valley, California, United States - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Software, Mobile, Internet 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. ## Nicolai Torgersen - Type: Angel - Relevant deals: 2 - Stages: Pre-Seed - Focus: CAD, Software, Simulation Nicolai Torgersen ## Baltic Tech Ventures - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 2 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, Apps 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. ## Povilas Urbonas - Type: Angel - Location: Odense, Syddanmark, Denmark - Relevant deals: 2 - Stages: Pre-Seed - Focus: CAD, Software, Simulation Povilas Urbonas ## Indrikis Liepa - Type: Angel - Relevant deals: 2 - Stages: Pre-Seed - Focus: CAD, Software, Simulation Indrikis Liepa ## Base Ventures - Type: VC Fund - Location: Berkeley, California, United States - Relevant deals: 2 - Stages: Seed, Series A - Focus: Software, Mobile, E-Commerce We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea. ## Lauris Liepa - Type: Angel - Relevant deals: 2 - Stages: Pre-Seed - Focus: CAD, Software, Simulation Lauris Liepa ## HansaMatrix - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 2 Electronics manufacturing in Eastern Europe including industries like transportation, IoT, technology sectors, medicine & more. ## European regional development fund (ERDF) - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 2 - Stages: Grant, Pre-Seed - Focus: Software, Information Technology, Biotechnology 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. ## Capitalia - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 2 - Stages: Seed, Debt Financing - Focus: Software, CAD, Apps 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. ## EIT Urban Mobility - Type: VC Fund - Location: Barcelona, Catalonia, Spain - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Transportation, Information Technology 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. ## BaltCap - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Mobile, Information Technology, Apps 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. ## Harry Cheung - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed - Focus: Apps, Drones, Internet Harry Cheung - Partner @ Siren Studios ## Andris K. Berzins - Type: Angel - Location: Riga, Riga, Latvia - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: E-Commerce, B2B, Aerospace Andris K. Berzins is the Managing Partner at Change Ventures. He attended Stanford University Graduate School of Business. ## pirate equity - Type: VC Fund - Relevant deals: 1 - Stages: Convertible Note - Focus: Apps, SaaS, VoIP Micro VC developed to help investors explore new markets and sectors. ## Andrej Jakovlev - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed - Focus: B2B, E-Commerce, Marketplace Andrej Jakovlev ## Revo Capital - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Information Technology, Financial Services Operational venture capital firm that invests across Turkey, Eastern Europe & Baltics in seed to Series B rounds. ## Sune Alstrup - Type: Angel - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Computer Vision, Artificial Intelligence Tech Investor and Entrepreneur, former Founder & CEO at The Eye Tribe ## Nikita Sergienko - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Nikita Sergienko ## Toivo Annus - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Series A - Focus: E-Commerce, Software, FinTech Active individual investor in flying drones, also looking at payments and ecommerce. ## Vesna Investment - Type: VC Fund - Location: Moscow, Moscow City, Russian Federation - Relevant deals: 1 - Focus: EdTech, Internet, Education Vesna Investment offers financing for internet start-ups. During the post-investment stage Vesna Investment will become an active partner, providing support and experience. ## Inovo.vc - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, SaaS VC for the most ambitious founders in CEE ## BADideas.fund - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Software, Information Technology, FinTech 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. ## Chris Sang - Type: Angel - Location: Sydney, New South Wales, Australia - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, E-Commerce, SaaS Venture Capitalist, Managing Partner, Chief Technology Officer ## APX - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Pre-Seed, Seed, Series A - Focus: Software, SaaS, Information Technology 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. ## European Union - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Grant, Seed - Focus: Health Care, Information Technology, Biotechnology 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. ## EIT Digital - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Pre-Seed, Grant, Seed - Focus: Information Technology, Software, Internet Join Europe's largest digital innovation ecosystem. For a strong digital Europe. Inclusive. Fair. Sustainable. ## VK (ex. Mail.Ru Group) - Type: VC Fund - Location: Leningradskiy, Chukot, Russian Federation - Relevant deals: 1 - Stages: Seed, Series A - Focus: Social Media, Mobile Apps, Education 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. ## Wistron Corporation - Type: VC Fund - Location: Taipei, T'ai-pei, Taiwan - Relevant deals: 1 - Stages: Series B, Seed, Series A - Focus: Software, Artificial Intelligence, Machine Learning Wistron Corporation is a technology service provider supplying innovative. ## Caucasus Ventures - Type: VC Fund - Location: Baku, Baki, Azerbaijan - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series B - Focus: Artificial Intelligence, Software, Financial Services Caucasus Ventures is a venture capital firm. ## ZEMU Venture Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, FinTech, Information Technology ZEMU Capital is dedicated to investing in decentralization, artificial intelligence, and ground-breaking technologies. ## Vinny Lingham - Type: Angel - Location: San Francisco Bay Area, California, United States - Relevant deals: 1 - Stages: Seed, Angel - Focus: Blockchain, Internet, Cryptocurrency 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. ## Social Discovery Group - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 1 - Stages: Series A, Seed - Focus: Apps, Internet, Mobile 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. ## SmartHub - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Convertible Note, Series A - Focus: Internet, SaaS, Software 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. ## Chris Hulls - Type: Angel - Location: Berkeley, California, United States - Relevant deals: 1 - Stages: Seed, Series A - Focus: Apps, Drones, Mobile 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. ## Siena Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed, Convertible Note - Focus: CAD, Banking, FinTech Siena is a VC firm mainly investing in startups in Estonia and California ## Trind Ventures - Type: VC Fund - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Information Technology, Marketplace 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. ## Fiedler Capital - Type: VC Fund - Location: Vienna, Wien, Austria - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Food and Beverage We are a first check investor helping overlooked founders from peripheral European ecosystems defy the odds and create breakout companies.