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Top 5 Social Media VC Funds & Investors in Latvia (November 2026)

The most active venture capital funds investing in Latvia Social Media startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Social Media startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Larix
VC Fund
1 Russian Federation, Germany, Kenya Seed, Pre-Seed, Series A Transportation, Logistics, Automotive $600k–$2.2M
Mamba
VC Fund
1 Latvia Seed Mobile Apps, Social Media, Social Network
Seedcamp
VC Fund
1 United Kingdom, United States, France Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $469k–$30M
VK (ex. Mail.Ru Group)
VC Fund
1 Russian Federation, United States, Cyprus Seed, Series A, Corporate Round Social Media, Education, Mobile Apps $500k–$126M
AdFirst.vc
VC Fund
1 United States, Russian Federation, United Kingdom Seed, Pre-Seed, Series A FinTech, Financial Services, Internet $100k–$12M
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Investor list

Larix
VC Fund · Berlin, Berlin, Germany · 1 investments in Latvia Social Media startups

LARIX is a fund created by entrepreneurs for entrepreneurs and aims to align itself with the most active founders globally who believe in digital transformation and want to take action to capture this value.

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Investment focus

  • Industry: Transportation, Logistics, Automotive
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Russian Federation, Germany, Kenya

Investor stats

  • Total investments: 11
  • Round size: Seed $600k–$2.2M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • FOODZA — Foodza is a B2B food-distribution platform that connects farmers, food producers and importers directly with Retail and HoReCa businesses across CIS region. We are creating an innovative technology-driven logistics platform that enables on-demand harvesting of vegetables, fruits and also meat and dairy production. Foodza provides mobile-app andweb-based interfaces that help farmers interact directly with retailers in a fast and easy way, and we also manage "door-to-door" logistics and fulfillment solutions inspired by the on-demand power of internet applications. Our mission is to remove all middlemen in the food supply industry, return farmers higher income and provide retailers with higher quality fresh produce.
  • Tnomer — Tnomer is a home renovation service provider. The company offers ready-made repair solutions. It also carries out architectural and technical supervision in the process and at the end of the work.
  • Car Next Door — Hire a car, van or ute from our community of local car owners, or rent out your car and make extra money. Peer-to-peer car share in Sydney, Melbourne, Newcastle.
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Mamba
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia Social Media startups

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

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Investment focus

  • Industry: Mobile Apps, Social Media, Social Network
  • Stage:Seed
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • F3 — F3 develops a social app for asking questions and creating answers, with all content disappearing in 72 hours. Anonymous or not, this app lets users express themselves and discover new exciting people.
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Seedcamp
VC Fund · London, England, United Kingdom · 1 investments in Latvia Social Media startups, 41 in the past 12 months

By Your Side from Day One

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Investment focus

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

Investor stats

  • Total investments: 668
  • Round size: Seed $469k–$8M; Pre-Seed $588k–$3.5M; Series A $5M–$30M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely actively investing — fresh fund, raised $220M in 2026

Portfolio highlights

  • i23 — i23 is an insurtech startup that builds an artificial intelligence platform to automate administrative workflows for commercial insurance brokers.
  • Solvera AI — Solvera is an AI-native engineering firm on a mission to unleash the potential of every building engineer with AI. It develops advanced proprietary AI systems to help design better buildings, significantly faster, establishing a brand-new standard for MEP engineering.
  • Vessla — Vessla is the agentic OS for property operations, where agents and people run work together across the portfolio.
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VK (ex. Mail.Ru Group)
VC Fund · Leningradskiy, Chukot, Russian Federation · 1 investments in Latvia Social Media 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, Education, Mobile Apps
  • Stage:Seed, Series A, Corporate Round
  • Geography: Russian Federation, United States, Cyprus

Investor stats

  • Total investments: 31
  • Round size: Seed $500k–$3.9M; Series A $1M–$11M; Corporate Round $35M–$126M
  • Lead/follow: 42% lead, 58% follow

Portfolio highlights

  • Tochka — Tochka provides banking services to SMEs and entrepreneurs.
  • 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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AdFirst.vc
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Latvia Social Media startups

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

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Investment focus

  • Industry: FinTech, Financial Services, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Russian Federation, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $100k–$12M
  • Lead/follow: 15% lead, 85% follow

Portfolio highlights

  • Fideum Group — Explore tailored digital asset solutions for institutions at Fideum. Offering secure banking, custody, trading, staking, and remittance services to help institutions confidently navigate and capitalize on cryptocurrency opportunities.
  • Synchronization — Synchronization is an online course for music, philosophy, fashion and design, architecture, art, psychology, special projects, master classes, and cinema. They provide biology and a healthy lifestyle, film history, and film language.
  • Academy of Changes — Akademiya Peremen is an educational platform that focuses on the life style segment of health, beauty, style, and psychology.
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Social Media VC funding in Latvia at a glance

Stats across 3 deals from 6 investors.

6
investors
in Latvia Social Media startups
3
deals
in Latvia Social Media startups
$600k
median round
in Latvia Social Media startups
33%
lead investors
lead at least one round
67%
Seed
most common funding stage

Access all 6 VC funds in Latvia Social Media startups.

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