Top 5 Social Network Startup Investors in Latvia (June 2026)

Marat is a serial entrepreneur with more than 20 years of experience in the financial industry and early stage investor. He is the founder of several successful companies, including a consumer finance bank, few e-commerce companies and investment fund. He serves on the board of his several portfolio companies (Bioloka, Wow Cube, F3 and RelesticaHolding), utilizing his knowledge and expertise in Blockchain industry which he joined to in 2013 as a partner in Bitfury Group. In both as a fund and as an angel investor, Marat have invested in 30+ fin tech, e-commerce, blockchain technology, educational, healthcare and gaming companies, providing business expertise and financial & advisory support to founders. Marat has a master's degree in finance & business management and a bachelor's degree in law. In his free time, Marat likes surfing and skiing!

Investment focus

Industry: Blockchain, Cryptocurrency, Apps
Stage:Seed, Pre-Seed, Series A
Geography: United States, Canada, Latvia

Investor stats

Total investments: 24
Round size: Seed $1.9M–$3.9M; Pre-Seed $550k–$700k; Series A $6.1M–$15M
Lead/follow: 4% lead, 96% follow

Portfolio highlights

Intropia — Find Web3 jobs and other opportunities, capitalize your network, and hire the best talent.
SODA — SODA enables the next generation of consumer crypto and meme coins and allows meme coin developers to leverage Telegram.
Metatable.ai — Metatable.ai simplifies software development with AI. It removes unnecessary complexity from coding to create high-quality software faster and more efficiently than traditional methods. Metatable.ai lets you direct AI to write functions for your project. After stating your request LLM writes code for your function and checks it with the compilerfor errors. You can adjust code by asking AI or editing it by yourself. Once error-free, the funciton is built, deployed, and ready for production performance, all without worrying about DevOps. Metatable.ai allows you to develop your SQL database by stating the required tables and columns in plain English. AI will then create SQL requests and deploy them to the platform. You can work with your database using the Text-to-SQL feature, creating requests, new tables, or even plotting charts with simple commands. Your project is presented on a Figma-like canvas, where you can manage your functions, database tables, and make data entries to the database. Metatable.ai streamlines development processes, reducing the time and resources required to bring ideas to life.

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

Investment focus

Industry: Fashion, Textiles, Mobile Apps
Stage:Series A, Seed
Geography: France, Latvia, Germany

Investor stats

Total investments: 3
Round size: Series A $21M–$45M
Lead/follow: 67% lead, 33% follow

Portfolio highlights

F3 — F3 is a social discovery app to make new friends and communicate with existing ones.
Genomines — World resources are expected to be depleted in the next 30 to 50 years and increasing scarcity is driving metal prices up, sometimes doubling in a few years. 86% of ore that is being extracted, containing up to 10years+ metal consumption, is not processed as metal concentration is too low. Each year a volume of low-metal concentrated soilsequivalent to the area of Paris and 100m high is extracted and not processed. It is not only a missed opportunity to recover significant amounts of metal, but it is also a serious risk for the environment. At Genomines, we bring together 2 worlds: Agriculture and Mining. We offer a sustainable alternative to conventional mining by genetically enhancing the natural ability of plants to hyperaccumulate metals.
Eeden — Eeden engages in the manufacture and supply of textiles.

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

Investment focus

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

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

Investment focus

Industry: FinTech, Internet, Software
Stage:Seed, Pre-Seed, Series A
Geography: United States, Russian Federation, Latvia

Investor stats

Total investments: 12
Round size: Seed $100k–$11M
Lead/follow: 17% lead, 83% follow

Portfolio highlights

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

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