# Top 50 Software Startup Investors in Latvia in June 2026 ## Imprimatur Capital Fund Management - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 31 - 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: 4 - 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. ## Uldis Sipols - Type: Angel - Relevant deals: 4 - Stages: Seed, Angel, Pre-Seed - Focus: CAD, Software, Simulation Uldis Sipols ## 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. ## 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. ## 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 ## 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. ## FlyCap - Type: VC Fund - Location: Riga, Riga, Latvia - Relevant deals: 3 - 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. ## Povilas Urbonas - Type: Angel - Location: Odense, Syddanmark, Denmark - Relevant deals: 2 - Stages: Pre-Seed - Focus: CAD, Software, Simulation Povilas Urbonas ## Practica Capital - Type: VC Fund - Location: Vilnius, Vilniaus Apskritis, Lithuania - Relevant deals: 2 - 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. ## 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. ## 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. ## 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. ## 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. ## Nicolai Torgersen - Type: Angel - Relevant deals: 2 - Stages: Pre-Seed - Focus: CAD, Software, Simulation Nicolai Torgersen ## 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. ## 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. ## Dan Bragiel - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Logistics, SaaS 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. ## Harry Cheung - Type: Angel - Location: San Francisco, California, United States - Relevant deals: 1 - Stages: Seed - Focus: Apps, Drones, Internet Harry Cheung - Partner @ Siren Studios ## Nikita Sergienko - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Nikita Sergienko ## Marat Kichikov - Type: Angel - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Blockchain, Cryptocurrency, Apps 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! ## Angels Band - Type: VC Fund - Location: Minsk, Minsk, Belarus - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Beauty, Gaming, mHealth AngelsBAND - business-angels in Belarus, support for startups with brainy funding ## Emerge VC - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Education, EdTech, E-Learning Emerge is a $70m pre-seed fund backed by 100+ of the world’s best edtech and future of work founders and executives. Our vision is to democratise access to opportunity by being a catalytic partner for early-stage founders re-designing the future of learning and work. ## StartersHub - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 1 - Stages: Seed, Pre-Seed, Convertible Note - Focus: Software, Artificial Intelligence, Information Technology An early-stage VC that backs, mainly but not limited to, Turkey & CEE's founders who work to disrupt the system for good. ## Einar Roosileht - Type: Angel - Relevant deals: 1 - Stages: Seed - Focus: SaaS, Software 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. ## 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. ## 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. ## SMOK Ventures - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Information Technology, SaaS Bridging Silicon Valley to CEE ## Visionplus - Type: VC Fund - Location: Helsinki, Southern Finland, Finland - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Information Technology, Internet WE HELP YOU TO GROW FASTER! ## Maksim Zakurdaev - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Maksim Zakurdaev ## Louis Paulsen - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Louis Paulsen ## 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. ## NuVX Capital - Type: VC Fund - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Machine Learning, Artificial Intelligence, Drones Company’s strategy is to assemble a diversified portfolio of investments in leading deep tech technology companies. ## 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 ## Herman Kienhuis - Type: Angel - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Information Technology, Internet Founder and managing partner of River Venture Partners angel syndicate. Venture partner at VC firm Newio. Tech investor focused on early-stage investments in B2B software companies in Northern Europe. Supporting investors and entrepreneurs in building digital businesses that change people's lives. Former chemical engineer, strategist, digitalproduct development executive, founder of SanomaVentures and Managing Director of KPN Ventures. ## Dean Dorrell - Type: Angel - Location: Sydney, New South Wales, Australia - Relevant deals: 1 - Stages: Seed, Series A, Series B - Focus: FinTech, Financial Services, Artificial Intelligence Dean Dorrell has a B.A. (Hons.) in Economics and had a successful initial career as a bond trader, arbitrageur and proprietary trader. He was a coder from very early days and used those skills whilst trading to formulate some of the earliest proprietary models, quant trading systems and statistical arbitrage methods in the 1990’s that led to himbecoming Head of Bond Trading at Paribas in London and later joining Greenwich Capital and Greenwich Natwest. Dean made his first angel investment in 1998 and during the mid-2000’s transitioned into a VC/private equity/operating executive role with Redbus Group in London which had successful exits such as RFD to Lionsgate and Lovefilm (which was the merged entity that the Redbus founded Video Island became part of) to Amazon and was named winner of the Richard Branson sponsored Sunday Times Virgin Atlantic Fast Track 100.Dean moved to Australia in 2010 and became the Managing Director and an Investment Committee Member of M.H. Carnegie & Co. in 2011, primarily leading the deal team in early stage venture investments and private equity deals (largely focused on distressed real assets such as marinas and pubs).Dean co-founded Carthona Capital in 2014 which has become one of Australia’s leading early stage venture capital companies with over $200m of FUM. ## Lev Dolgatsjov - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Lev Dolgatsjov ## Elar Nellis - Type: Angel - Location: Tallinn, Harjumaa, Estonia - Relevant deals: 1 - Stages: Seed, Angel, Pre-Seed - Focus: Software, CAD, SaaS Elar is a full-stack engineer with 12+ years of experience. He has worked for different start-ups during his whole professional career and wouldn't change start-up life for anything. Elar was also the first employee of Estonian flagship startup Pipedrive. If he's not working then he's probably playing piano, writing music or hikingin the endless forests of Estonia. ## Miko Malberg - Type: Angel - Relevant deals: 1 - Stages: Angel - Focus: CAD, Software, Simulation Miko Malberg ## 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. ## Nordic Secondary Fund - Type: VC Fund - Location: Copenhagen, Hovedstaden, Denmark - Relevant deals: 1 - Stages: Secondary Market, Series A - Focus: Software, Financial Services, E-Commerce 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 ## AdFirst.vc - Type: VC Fund - Location: Limassol, Limassol, Cyprus - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: E-Learning, Mobile Apps, FinTech 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. ## 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 ## 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. ## 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. ## 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.