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Top 50 Software Startup Investors in Latvia (June 2026)

The most active venture capital funds and angel investors investing in Latvia Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Software 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
31 Latvia, United States, United Kingdom Seed, Debt Financing Software, Information Technology, Apps $63k–$549k
Uldis Sipols
Angel
4 Latvia Seed, Angel, Pre-Seed CAD, Software, Simulation $50k–$192k
Change Ventures
VC Fund
4 Estonia, Latvia, Lithuania Seed, Pre-Seed, Series A Software, Information Technology, Apps $273k–$33M
Expansion Capital
VC Fund
4 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Logistics, Transportation $125k–$713k
New Nordic Ventures
VC Fund
3 Latvia, Estonia, Georgia Pre-Seed, Seed Software, Computer Vision, Machine Learning $165k–$1.1M
FlyCap
VC Fund
3 Latvia, Estonia, The Netherlands Seed, Debt Financing Health Care, Rental, Medical $55k–$2.9M
Sverre Bisgaard
Angel
3 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Povilas Urbonas
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Biotechnology $27k–$2.2M
Practica Capital
VC Fund
2 Lithuania, United Kingdom, United States Seed, Pre-Seed, Series A B2B, Software, Information Technology $219k–$25M
BaltCap
VC Fund
2 Latvia, Lithuania, United States Seed, Series A, Series B Mobile, Information Technology, Apps $127k–$1.3M
Almaz Capital
VC Fund
2 United States, Russian Federation, Germany Series A, Seed, Series B Software, Mobile, Internet $1.1M–$58M
Baltic Tech Ventures
VC Fund
2 Latvia, Lithuania Seed, Pre-Seed Software, Information Technology, Apps
Nicolai Torgersen
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
HansaMatrix
VC Fund
2
EIT Urban Mobility
VC Fund
2 Spain, Sweden, France Seed, Pre-Seed, Series A Software, Transportation, Information Technology
Karma Ventures
VC Fund
2 Estonia, United States, Finland Series A, Seed, Series B Software, Artificial Intelligence, FinTech $549k–$30M
Capitalia
VC Fund
2 Latvia, Sweden, Lithuania Seed, Debt Financing Software, CAD, Apps $329k–$8.3M
Indrikis Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Base Ventures
VC Fund
2 United States, South Korea, Canada Seed, Series A Software, Mobile, E-Commerce $346k–$24M
Lauris Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation $50k–$192k
Marat Kichikov
Angel
1 United States, Canada, Latvia Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Apps $550k–$15M
StartersHub
VC Fund
1 United States, Turkey, Latvia Seed, Pre-Seed, Convertible Note Software, Artificial Intelligence, Information Technology $20k–$762k
Visionplus
VC Fund
1 Finland, United States, United Kingdom Seed, Series A Software, Information Technology, Internet $77k–$14M
NuVX Capital
VC Fund
1 Russian Federation, United States, Malta Seed, Pre-Seed Machine Learning, Artificial Intelligence, Drones
Arthur Watson
Angel
1 Latvia Seed Drones, Robotics
Caucasus Ventures
VC Fund
1 United States, Azerbaijan, Georgia Seed, Pre-Seed, Series B Artificial Intelligence, Software, Financial Services
Davis Siksnans
Angel
1 Latvia Seed SaaS, Software
Carthona Capital
VC Fund
1 Australia, United States, United Kingdom Seed, Series A, Series B Software, Financial Services, FinTech
Alex Hofmann
Angel
1 Latvia Seed Mobile Apps, Social Media, Social Network
Vesna Investment
VC Fund
1 Latvia EdTech, Internet, Education
IT-Farm
VC Fund
1 United States, Japan, Germany Seed, Series A Software, Health Care, Medical $1.8M–$50M
Dan Bragiel
Angel
1 United States, Finland, Latvia Seed, Series A, Pre-Seed Software, SaaS, FinTech $600k–$5M
Einar Roosileht
Angel
1 Latvia Seed SaaS, Software
Harry Cheung
Angel
1 Latvia, United States Seed Apps, Drones, Internet $1.4M–$2.5M
Lev Dolgatsjov
Angel
1 Latvia Angel CAD, Software, Simulation
Miko Malberg
Angel
1 Latvia Angel CAD, Software, Simulation
Konstantin Othmer
Angel
1 United States, Latvia, Germany Seed, Pre-Seed Health Care, Internet, Software $520k–$18M
Angel Parn
Angel
1 Latvia Angel CAD, Software, Simulation
Fiedler Capital
VC Fund
1 Hungary, Latvia, Serbia Seed, Pre-Seed, Series A Software, Information Technology, Food and Beverage
SmartHub
VC Fund
1 United States, United Kingdom, Canada Seed, Convertible Note, Series A Internet, SaaS, Software
SMOK Ventures
VC Fund
1 Poland, United States, Ukraine Seed, Pre-Seed Software, Information Technology, SaaS
Maksim Zakurdaev
Angel
1 Latvia Angel CAD, Software, Simulation
Sune Alstrup
Angel
1 Denmark, Sweden, Finland Seed, Pre-Seed, Angel Software, Computer Vision, Artificial Intelligence $185k–$4.9M
BADideas.fund
VC Fund
1 Estonia, Latvia, Ukraine Pre-Seed, Seed Software, Information Technology, FinTech
Nordic Secondary Fund
VC Fund
1 Denmark, Sweden, Finland Secondary Market, Series A Software, Financial Services, E-Commerce
AdFirst.vc
VC Fund
1 United States, Russian Federation, Latvia Seed, Pre-Seed, Series A E-Learning, Mobile Apps, FinTech
Chris Sang
Angel
1 United States, Australia, India Seed, Pre-Seed, Series A Software, E-Commerce, SaaS
ZEMU Venture Capital
VC Fund
1 United States, Hong Kong, The Netherlands Seed, Pre-Seed, Series A Software, FinTech, Information Technology
VK (ex. Mail.Ru Group)
VC Fund
1 Russian Federation, United States, Cyprus Seed, Series A Social Media, Mobile Apps, Education
Access all 63 investors in Latvia Software 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 · 31 investments in Latvia Software startups

Imprimatur Capital Fund Management is a venture capital firm focusing on high-technology at an early stage in its commercial development. We invest in start-up technology businesses which are based on innovative intellectual property, are led by strong teams and have high international growth potential.Imprimatur Capital Fund Management, based inLatvia, manages seed and start-up funds with investors including the Latvian Guarantee Agency, other institutional investors and some private investors. The company source investment opportunities primarily from the Baltic/Nordic/Russia region.Imprimatur Capital Fund Management is a partner firm of Imprimatur Capital Ltd, headquartered in London and with investment operations in Europe, Russia, Asia Pacific, Latin America and the US.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, United Kingdom

Investor stats

  • Total investments: 81
  • Round size: Seed $131k–$549k; Debt Financing $63k–$70k
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2010

Portfolio highlights

  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • afriQloud — AfriQloud provides a white-labeled cloud computing solution to telecom operators, internet service providers, system integrators, and managed information technology service providers.
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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Uldis Sipols
Angel · 4 investments in Latvia Software startups

Uldis Sipols

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Investment focus

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

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in Latvia Software 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: 64
  • Round size: Seed $500k–$4.5M; Pre-Seed $273k–$2.2M; Series A $1M–$33M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

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

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.

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Investment focus

  • Industry: Manufacturing, Logistics, Transportation
  • Stage:Seed, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 40
  • Round size: Seed $200k–$713k; Debt Financing $125k–$246k
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
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New Nordic Ventures
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia Software startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • OHMYSYNT — AI-powered tool for businesses and creators, that alters videos in seconds using text prompts.
  • DrugCards — DrugCard - AI-powered pharmacovigilance tools & services for automated literature monitoring, regulatory intelligence and adverse events management.
  • Rapid Delivery Analytics — Digital shelf analytics for mobile-first grocery and convenience deliveries. Track pricing, visibility, availability, promotions, and competitor performance across rapid delivery platforms.
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FlyCap
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia Software startups

FlyCap AIF is a Venture Capital Fund of total size of 15.75 MEUR. The Fund provides growth capital for Latvia based SME’s in a form of investments in equity and mezzanine capital.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Tapcore — Tapcore is the only solution on the market that enables mobile developers to monetize pirated copies of their apps through advertising. Established in 2015, we are a remote company with headquarters in the Netherlands. Currently we serve over 150 million ad requests daily (and counting!).
  • Purified — Purified is a nutritional supplement supplier.. It offers black chocolate produced by the best doctors in collaboration with scientists.
  • Elmo — In our mobility-focused operations, we wanted to optimize business and decrease environmental impact, so we created remote control technology to deliver cars.
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Sverre Bisgaard
Angel · Oslo, Oslo, Norway · 3 investments in Latvia Software startups

Has built up and been the leader of Kongsberg Norspace in Horten, Norway and its predecessors over a period of more than 30 years, starting with AME space division in 1984. AME Space AS, a separate company created in 1986, became Alcatel Space Norway (ASN) in 1989 after an MBO in 1988. As MD lead ASN to an international leading position, developingand manufacturing satellite electronic products for satellite manufacturers world-wide, growing the company from 15 to 130 employees and sales exceeding 20 million Euros. Started Norspace, who took over the business of ASN when Alcatel closed ASN in 2003 following the satellite industry downturn in 2001-2002. After another successful build-up of Norspace over eight straight profitable years sold the company to Kongsberg in 2011. Retired from the position of CEO of Kongsberg Norspace end of March 2015.Kongsberg Norspace products are now (2015) found in over 200 satellites, mostly used for telecommunications.Presently engaged as board chairman, board member and investor in various companies.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Povilas Urbonas
Angel · Odense, Syddanmark, Denmark · 2 investments in Latvia Software startups

Povilas Urbonas

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Investment focus

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

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Show all investments...

European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Latvia Software startups

The European Regional Development Fund (ERDF) aims to improve the European Union's economic, social, and territorial cohesion by resolving imbalances across its various regions. ERDF funds initiatives for which the European Commission and national and regional governments in member countries share responsibility. Each member state'sgovernment decides which initiatives to support and is responsible for their continued supervision.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Losanje — Losanje has a brand and an upcycling workshop that gives second-hand and unsold completed apparel and textiles a second life. Its goal is to create an innovative manufacturing chain that will allow for the first time the industrialization of upcycling, as well as to implement the most credible solution, both ecologically and economically.
  • PulmoBiomed — PulmoBioMed Ltd develops innovative breath-based sampling, enabling rapid, non-invasive detection of respiratory diseases for improved global healthcare.
  • Knock Technology — The world's simplest video chat app: Improves mental health and boosts innovation. It's a secure, cost effective and peer-to-peer telecoms solution for everyone.
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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Latvia Software startups

Practica Capital

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Investment focus

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

Investor stats

  • Total investments: 116
  • Round size: Seed $219k–$3.3M; Pre-Seed $334k–$2.4M; Series A $2.2M–$25M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $85M in 2022

Portfolio highlights

  • Creem — Creem provides Indie Hackers, Micro-SaaS and SaaS businesses with instant financial tools and functionality. As a Merchant of Record our pre-integrated embeddable components tap your existing data, boosting revenue effortlessly. No costs—pure growth potential for your business.
  • Handwave — Handwave is the world’s first biometric wallet and identity platform — replacing wallets, phones, and IDs with a single gesture for in-store payments. Designed for retail, meant for people. End users can easily onboard their palms through the Handwave app by scanning their palm with the phone camera, linking payment and loyalty cards, and thenenjoy frictionless checkout at retail by simply scanning their palm at a payment terminal.
  • Outcraft AI — Outcraft AI develops autonomous revenue agents that convert, retain and grow customers across voice, SMS, email and messaging.
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Access 48,091 investors

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

Browse database — It's Free!
BaltCap
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Latvia Software startups

BaltCap is a private equity and venture capital investor in the Baltic states of Estonia, Latvia and Lithuania focusing investment on the growth and realization of small and medium enterprises.

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Investment focus

  • Industry: Mobile, Information Technology, Apps
  • Stage:Seed, Series A, Series B
  • Geography: Latvia, Lithuania, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $127k–$1.3M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • UPRENT — UPRENT is a pumping system rental provider which are accompanied with trench shoring systems and power generators. The company serves customers with effective products which enable to get the job done in the shortest time and with lowest energy costs. It guarantees a high level of customer satisfaction by maintaining a constant communication withcustomers, managing customer satisfaction measurement, identifying customer complaints and needs, and assuring appropriate service according to customer needs and requirements.UPRENT was founded on 2013 and is headquartered in Riga, Latvia.
  • TrueCare24 — Care professionals and services for home and business.
  • Lightspace Labs — Seeing is believing
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Almaz Capital
VC Fund · Portola Valley, California, United States · 2 investments in Latvia Software startups

Almaz Capital is an international venture capital firm investing in early stage, capital efficient technology companies. A unique bridge fund headquartered in Silicon Valley, Almaz Capital connects Eastern European/former Soviet engineering and entrepreneurial talent to the U.S. market and helps build global businesses. The firm invests inhigh-growth sectors such as artificial intelligence and blockchain applications, data engineering, cybersecurity, industrial IoT, networking architecture and infrastructure. Its investors include Cisco, the European Bank for Reconstruction and Development (EBRD), and International Finance Corporation (IFC), a member of the World Bank Group. Founded in 2008, Almaz Capital has invested in over 30 portfolio companies and has had nine exits to date.

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Investment focus

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

Investor stats

  • Total investments: 108
  • Round size: Seed $1.1M–$7.2M; Series A $2M–$21M; Series B $2.8M–$58M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: May invest from a new fund soon — raised $300M in 2016

Portfolio highlights

  • NFWare — The World's Fastest Network Functions Virtualization. High-Performance NFV applications for carriers, data centers and enterprises
  • Acumatica — Acumatica Is the Complete Cloud ERP Solution For All Your Business Management Needs Today and In The Future.
  • StarWind Software — StarWind delivers Software-Defined Storage solutions, HyperConverged and Storage Appliances designed to build highly resilient IT infrastructures.
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Baltic Tech Ventures
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Software startups

Baltic Tech Ventures is the only publicly traded VC fund with an angel group focused on seed and early stage investment in the Baltic region. Investors can get involved with BTV in two ways: gaining exposure to the entire BTV portfolio by buying shares (NASDAQ:BTE1R) or by direct angel investment into one or more BTV portfolio companies. BTVangel investors benefit from the ability to invest directly into the Baltics' most promising startups on the same terms as the smartest money in the region. Unlike with other VC opportunities, BTV investors can select the companies they invest in, with low investment minimums, no management or success fees, and no lockup. BTV startups are fully vetted by BTV. BTV financials are fully audited, with regulatory oversight under Nasdaq.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • asya.ai — We use computer vision, biometrics, deep learning, and a lot of data, to analyze human emotional experiences.
  • VOOVOO — VOOVOO is a cutting-edge service designed for commercial fleets to prevent speeding and aggressive driving in real-time, using in-house developed Safe-Driving Technology - VOOBOX. By proactively avoiding potential problems, VOOVOO enhances transportation safety and minimizes operational costs.Today, approximately 360 million commercial vehiclesare involved in daily economic activities worldwide. We focus on making our technology available to global commerce, starting from Europe and the US. Our business model's main advantages are simplicity of technology integration, easy distribution, and low costs, enabling us to expand rapidly.Our technology has been developed according to UN international standards, with support from the European Institute of Innovation and Technology (EIT Urban Mobility), Georgias Innovation and Technologies Agency (GITA), Promwad - an electrical engineering company, Testups - Test and certification company, and other international organizations. We have conducted all necessary lab and field tests, so our hardware is now under the certificate, allowing us to sell it in 58 countries.Our five-year industry background, established international relationships, technological market trends, and highly qualified management team provide a solid guarantee for the sustainable growth of our project. We forecast earning up to €36M in 5 years with around €20M net profit.From the ongoing SEED round of €500k, €435k is left to be raised. €65K is a contribution to the round from CONNECTOLOGY and EIT Urban Mobility. This investment gives us 18 months runway, enough to meet European standards with a certified product, start supplying reseller partners, onboard about 8 000 cars, and generate €2M+.Feel free to book a call to discuss partnership opportunities: https://calendly.com/voovoo/30min
  • Lerio.io — Hire remote Team in minutes at Lerio. We make it very simple to hire and manage remote teams anywhere in the world.
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Nicolai Torgersen
Angel · 2 investments in Latvia Software startups

Nicolai Torgersen

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Investment focus

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

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
Show all investments...

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

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

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Investor stats

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

Portfolio highlights

  • Lightspace Labs — Seeing is believing
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EIT Urban Mobility
VC Fund · Barcelona, Catalonia, Spain · 2 investments in Latvia Software 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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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Latvia Software startups

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

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Investment focus

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

Investor stats

  • Total investments: 49
  • Round size: Seed $549k–$4.4M; Series A $4.4M–$16M; Series B $2.8M–$30M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: Likely still investing — raised $106M in 2021

Portfolio highlights

  • Minut — Minut keeps your home safe and your neighbors happy while respecting your guests' privacy. Monitor noise and occupancy, secure your home, and enhance guest experience. Only Minut gives you the full insight you need to protect your homes, all in one single sensor.
  • Wirepas — Wirepas offers a standards-based, ultra-reliable mesh connectivity for infrastructure-grade IoT. Proven in millions of devices worldwide.
  • Commsignia — Trust for the road ahead.
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Capitalia
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia Software startups

Capitalia, a company listed on Nasdaq Baltic stock exchange, is the leading financer for small and medium enterprises in the Baltics. As our focus is set on SME’s we are able to provide financing that serves as a supplement or as an alternative to the loans issued by commercial banks. Since the founding of Capitalia in 2007 we have issued financingto more than 1000 companies and consulted more than 100 businesses in various financial matters.

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Favro — The #1 app making collaborative planning working at scale between teams for SaaS & Live Games companies. Agile team collaboration, smoother than ever.
  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • AISPECO — AISPECO systems for aerial inspection, surveying, mapping. Tailored for airplanes, helicopters and drones. Multiple camera and LiDAR options.
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Indrikis Liepa
Angel · 2 investments in Latvia Software startups

Indrikis Liepa

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Investment focus

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

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Base Ventures
VC Fund · Berkeley, California, United States · 2 investments in Latvia Software startups

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

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Investment focus

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

Investor stats

  • Total investments: 116
  • Round size: Seed $346k–$7M; 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.
  • Vivadios — Vivadios’s mission is to build 10x Christian apps that transform the way people engage with the Bible and practice their faith daily, using innovative technology to make Bible learning more accessible, interactive, and meaningful.
  • Index Robotics — Index Robotics is a startup developing upper-body humanoid robots based on high-precision actuator technology .
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Lauris Liepa
Angel · 2 investments in Latvia Software startups

Lauris Liepa

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Investment focus

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

Investor stats

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

Portfolio highlights

  • CENOS — CENOS redefines engineering simulation software category for mass adoption: FROM enterprise niche and multi-purpose software for 100K simulation experts TO mass adoption of intuitive vertical-focused simulation apps by 10M+ practical engineers in production
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Marat Kichikov
Angel · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Latvia Software startups

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!

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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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StartersHub
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Latvia Software startups

An early-stage VC that backs, mainly but not limited to, Turkey & CEE's founders who work to disrupt the system for good.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Turkey, Latvia

Investor stats

  • Total investments: 54
  • Round size: Seed $30k–$762k; Pre-Seed $20k–$550k; Convertible Note $25k–$30k
  • Lead/follow: 26% lead, 74% follow
  • Last fund: May invest from a new fund soon — raised $10M in 2015

Portfolio highlights

  • FenixPyre — FenixPyre provides Post-Authentication Data Security (PADS) to prevent ransomware, mitigate insider threats, and enforce TPRM. It blocks bad actors from stealing sensitive files, enhancing perimeter security while remaining seamless to users.
  • HoustonBionics — HoustonBionics is proud to introduce ExoRehab X, a revolutionary at home stroke rehabilitation device to help support recovery.
  • Visionteractive — Visionteractive develops social media based, fun and interactive physical and digital products, bridging the gap between online and actual world. The company aims to bring a brand together with the target audience by developing various creative products, while enhancing the memorability owing to the interactive experience with the users.Visionteractive was founded on 2013 and is based in Turkey.
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Visionplus
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Latvia Software startups

WE HELP YOU TO GROW FASTER!

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Series A
  • Geography: Finland, United States, United Kingdom

Investor stats

  • Total investments: 74
  • Round size: Seed $77k–$1.3M; Series A $2M–$14M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Film Finances — Discover Film Finances Inc., the global leader in film completion guarantees, ensuring on-schedule and on-budget delivery for over seven decades. Explore our services and industry expertise.
  • LiveMusicStage — We're a live music venue online. We let you to actually take part in the shows and interact with the bands while they're playing. You're always in the front row
  • Verto Analytics — Verto Analytics (Verto) operates a passive metering panel that provides researchers, advertisers, and publishers the data they need to keep up with the rapid and changing pace of consumer media consumption on every app, device, service, and platform. This ongoing, longitudinal panel captures a wide breadth of behaviors—all enriched to clients’behavioral analysis or custom survey studies. Our single-source, passive metering data sets provide the information needed to understand the full digital footprint of the U.S. population. Our Data Labs are located in the US, and in Helsinki, Finland. http://www.vertoanalytics.com.
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NuVX Capital
VC Fund · 1 investments in Latvia Software startups

Company’s strategy is to assemble a diversified portfolio of investments in leading deep tech technology companies.

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Investment focus

  • Industry: Machine Learning, Artificial Intelligence, Drones
  • Stage:Seed, Pre-Seed
  • Geography: Russian Federation, United States, Malta

Investor stats

  • Total investments: 11
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Imot.io — Boost your Sales team with AI-powered Quality Assurance
  • Neatsy.ai — Access top orthopedic surgeons virtually for you and your family. Expert guidance, virtual consultations, and comprehensive support from injury to full recovery at a reasonable cost.
  • Proaction.pro — Proaction testing system was developed based on the experience of domestic HR experts in banking, telecommunications, commercial, construction and other industries.
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Arthur Watson
Angel · Charlottesville, Virginia, United States · 1 investments in Latvia Software 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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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 1 investments in Latvia Software startups, 6 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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Davis Siksnans
Angel · 1 investments in Latvia Software startups

Davis currently is a Senior Advisor and Investor at Draugiem Capital, Board Member at Mapon, a car fleet management company, and an investor/board member at Prime Prometics, a beauty brand for women over 50. Previously Davis was a co-founder and ex-CEO of Printful, a print-on-demand and warehousing company for online stores and the firstLatvian unicorn company. Printful prints t-shirts and 400+ other products for online ecommerce stores and drop ships them to end customers.With over $83.7 million invested in equipment, we use industry-leading tech to fulfill more than 1 million items every month. Since our founding in 2013, Printful has scaled to a team of 1,700+ people and did $289 million in revenue in 2021. Printful has 10 fulfillment centers in the USA, Canada, Europe, and Mexico, and 7 partner facilities in Japan, Australia, and Brazil.

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Investment focus

  • Industry: SaaS, Software
  • Stage:Seed
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • Hyperscan — Use AI to evaluate LinkedIn profiles. Craft individual messages with AI. Replace generic job descriptions with individual job microsites. Join other high-volume recruitment teams who have saved hours on every project.
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Carthona Capital
VC Fund · Sydney, New South Wales, Australia · 1 investments in Latvia Software startups

Carthona Capital is a hands-on, proactive, and thematic venture capital investor based in Sydney, Australia that invests globally.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: Australia, United States, United Kingdom

Investor stats

  • Total investments: 109
  • Lead/follow: no public data

Portfolio highlights

  • Qlarifi — Consumer lending decisions transformed with real time, comprehensive data.
  • Safewill — Safewill is Australia's leading online Will writing platform. With thousands of users, Safewill makes it easy and affordable to write your own legally binding will
  • Ajust — Ajust makes it easy to resolve customer complaints with banks, telcos and energy companies. It's fast, fair and free for consumers.
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Alex Hofmann
Angel · Los Angeles, California, United States · 1 investments in Latvia Software startups

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.

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Investment focus

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

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • F3 — F3 is a social discovery app to make new friends and communicate with existing ones.
  • Eeden — Eeden engages in the manufacture and supply of textiles.
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Vesna Investment
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia Software startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

  • YaClass — YaClass is an edutech startup offering K12 online programs in math, sciences and languages, as well as preparation tests for state exams.
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IT-Farm
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Latvia Software startups

IT-Farm is a venture capital firm which specializes in seed, start-up, and early stage companies. It primarily invests in mobile, big-data, connected car, IoT, OTT service, Helth care, Bio Tech and other IT industries. The firm actively invests in SF bay area and Japan, as well as other geometries including Asia and Europe. We support portfoliocompanies, especially on the partnership with Japanese enterprises.

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Investment focus

  • Industry: Software, Health Care, Medical
  • Stage:Seed, Series A
  • Geography: United States, Japan, Germany

Investor stats

  • Total investments: 116
  • Round size: Seed $1.8M–$9.3M; Series A $1.8M–$50M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Ubitus — As cloud gaming enablers, Ubitus' GPU virtualization, Streaming technology and hybrid cloud deployment can serve different kinds of solutions for Telco, Game companies to quick enter cloud gaming market. Moreover, Ubitus provide Global distribution and New Media content solution for new media studio and fashion brand to help them distribute rich media contents worldwide.
  • EMobi — EMoBi is a transportation company that provides freight transport, and electric vehicle services with reservation facilities.
  • Global Equipment Services — As a strategic partner to developers of multi-sector products, Averna provides innovative automated testing tool and quality assurance solutions.
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Dan Bragiel
Angel · San Francisco, California, United States · 1 investments in Latvia Software startups

Dan Bragiel has co-founded 2 companies and has been involved in startups for the past 10 years. He began with mobile gaming at Paragon 5 focusing on running the offices in Poland, Netherlands and Argentina. He then co-founded the startup Meetro, a pioneer in the location/mobile space. He then went on to start Lefora that was sold in 2010.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Finland, Latvia

Investor stats

  • Total investments: 16
  • Round size: Seed $600k–$5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Enevo — Enevo works with its customers to transform the financial, environmental and social impact of waste. Founded in 2010, Enevo began providing waste data from dumpster sensors using its proprietary analytics software. Enevo now provides full management of waste and recycling services for restaurant, retail and commercial property customers throughoutNorth America. It provides the first predictive end-to-end solution that automates the whole planning and operations of waste and recycling logistics.Enevo has raised more than $34M in private equity funding to date and continues to invest in technology and new processes to deliver the peace of mind its customers need.
  • ShipBob — Ecommerce fulfillment for online stores. ShipBob empowers businesses to offer 2-day shipping and manage inventory, orders, and shipments.
  • Drip Capital — Drip Capital is a Trade Finance company providing collateral-free post-shipment finance to Exporters and Importers with instant approvals and minimal documentation.
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Einar Roosileht
Angel · 1 investments in Latvia Software startups

Oversees RSI product development and RSI’s European office. Co-founder of Oryx Gaming, an iGaming platform provider. Software architect with a particular emphasis on developing scalable systems such as industry-leading poker platforms.

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Investment focus

  • Industry: SaaS, Software
  • Stage:Seed
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • Hyperscan — Use AI to evaluate LinkedIn profiles. Craft individual messages with AI. Replace generic job descriptions with individual job microsites. Join other high-volume recruitment teams who have saved hours on every project.
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Harry Cheung
Angel · San Francisco, California, United States · 1 investments in Latvia Software startups

Harry Cheung - Partner @ Siren Studios

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Lev Dolgatsjov

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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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Miko Malberg
Angel · 1 investments in Latvia Software startups

Miko Malberg

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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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Konstantin Othmer
Angel · Mountain View, California, United States · 1 investments in Latvia Software startups

Konstantin Othmer is the Co Founder & CEO at Speechpad.

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Investment focus

  • Industry: Health Care, Internet, Software
  • Stage:Seed, Pre-Seed
  • Geography: United States, Latvia, Germany

Investor stats

  • Total investments: 16
  • Round size: Seed $520k–$18M; Pre-Seed $1M–$2.3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ring — Ring is an outdoor home security company that provides homeowners a line of preventative outdoor security doorbells and cameras. It is on a mission to reduce crime in neighborhoods and empower consumers by creating a Ring of Security around homes and communities with its suite of smart home security products: Ring Video Doorbell, Ring VideoDoorbell Pro, Ring Stick Up Cam, and the new Ring Floodlight Cam. With these security devices, Ring has created the neighborhood watch for the digital age and continues to prevent burglaries and keep homes around the world safe.The company was established in 2012 and is based in Santa Monica, California.
  • Blockfolio — Blockfolio offers mobile portfolio tracking and management for the cryptocurrency and blockchain industry.Blockfolio is the network for mobile cryptocurrency portfolio tracking and management. Millions of people trust Blockfolio to stay connected to the pulse of the industry through market data, news, and direct updates from leaders of top cryptoprojects. Blockfolio is committed to providing free access to our users and token team partners.
  • PLEXUSS — From finding the right college to choosing a major- our college admission tools & no-cost college counseling are here to support you. Create your free account!
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Angel Parn
Angel · 1 investments in Latvia Software startups

Angel Parn

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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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Fiedler Capital
VC Fund · Vienna, Wien, Austria · 1 investments in Latvia Software 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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SmartHub
VC Fund · San Francisco, California, United States · 1 investments in Latvia Software 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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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Latvia Software 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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Maksim Zakurdaev
Angel · 1 investments in Latvia Software 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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Sune Alstrup
Angel · Copenhagen, Hovedstaden, Denmark · 1 investments in Latvia Software startups

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

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

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Investment focus

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

Investor stats

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

Portfolio highlights

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

Nordic Secondary Fund was established in 2019 with the purpose of buying secondaries in companies, which are characterized by:- Have completed a Series-A capital raising from venture capital or corporate venture - Proven scalable business models: Documented market for the companies products or servicesThe investment focus is European scaleupsPost Series-SA, mainly on Nordic and Baltic companies

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Investment focus

  • Industry: Software, Financial Services, E-Commerce
  • Stage:Secondary Market, Series A
  • Geography: Denmark, Sweden, Finland

Investor stats

  • Total investments: 35
  • Lead/follow: no public data

Portfolio highlights

  • TransferGo — Move and manage money between borders quickly and affordably with TransferGo.
  • Wingcopter — Wingcopter is an award-winning German developer, manufacturer, and operator of unmanned eVTOL fixed-wing aircraft dedicated to improving the lives of people worldwide through meaningful commercial and humanitarian applications. The start-up focuses on the delivery of goods such as medicines to remote health facilities, packages, and food to privatehouseholds. With their unique, patented tilt-rotor mechanism, the electrically powered Wingcopters far exceed the range and payload capabilities of commercial multicopter drones. Taking off and landing vertically like multicopters, Wingcopters fly long distances as efficiently and quickly as fixed-wing aircraft, reaching ranges of up to 75 miles (120 kilometers) and a Guinness world record speed of 150 mph (240 km/h). Even in strong winds of up to 44 mph (71 km/h) or inclement weather, Wingcopters fly autonomously and reliably.Wingcopters are also used for the efficient inspection of public infrastructure and for long-range mapping applications.In 2020, Wingcopter was named a Technology Pioneer by the World Economic Forum.
  • Remora Robotics — Remora Robotics is a Norwegian technology firm that specializes on aquaculture robotics.
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AdFirst.vc
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Latvia Software 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: E-Learning, Mobile Apps, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 12
  • Lead/follow: no public data

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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Chris Sang
Angel · Sydney, New South Wales, Australia · 1 investments in Latvia Software startups

Venture Capitalist, Managing Partner, Chief Technology Officer

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Investment focus

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

Investor stats

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

Portfolio highlights

  • Cloobot Inc — Cloobot X: Your Premier Software Implementation transforms your vision into reality with our state-of-the-art software implementation studio. Leveraging cutting-edge AI technology, our expert team delivers rapid, efficient, and innovative solutions tailored to your unique business needs.
  • Tokenise — Tokenise acts as a data layer for web3 projects and their tokens. We help founders build their tokens simply, mint/launch their tokens on-chain and then manage their tokens in one place. Tokenise enables founders to curate rich data rooms that make it easier for investors to get onboard. We empower community with unprecedented insights andaccessibility into their favourite projects and their tokens.
  • Bloodstock Advantage — Stealth
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ZEMU Venture Capital
VC Fund · 1 investments in Latvia Software 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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VK (ex. Mail.Ru Group)
VC Fund · Leningradskiy, Chukot, Russian Federation · 1 investments in Latvia Software 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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Software Investor funding in Latvia at a glance

Stats across 64 deals from 63 investors.

63
investors
in Latvia Software startups
64
deals
in Latvia Software startups
$203k
median round
in Latvia Software startups
35%
lead investors
lead at least one round
39%
Seed
most common funding stage
67/33
VC / Angel
share of investor count

Access all 63 investors in Latvia Software startups.

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