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Top 15 Sustainability Startup Investors in Latvia (November 2026)

The most active venture capital funds and angel investors investing in Latvia Sustainability startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia Sustainability startup companies. Find investors to raise a Pre-Seed, Seed or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
The Untitled Venture Company
VC Fund
5 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note Software, SaaS, Analytics $100k–$1.6M
Buildit VC
VC Fund
4 Latvia, Estonia, Lithuania Pre-Seed, Seed, Grant Health Care, Electronics, Manufacturing $5k–$1.3M
SOSV
VC Fund
2 United States, China, Canada Seed, Convertible Note, Pre-Seed Biotechnology, Health Care, Software $25k–$5M
Luminor Bank
VC Fund
2 Latvia, Italy Debt Financing Wood Processing, Baby, Sales $988k–$8.7M
Impact Ventures Hungary
VC Fund
2 Hungary, Spain, Italy Seed, Pre-Seed Software, Artificial Intelligence, Agriculture $902k–$4.6M
Nordic Investment Bank
VC Fund
1 Sweden, Finland, Norway Debt Financing, Post-IPO Debt, Post-IPO Equity Energy, Manufacturing, Real Estate $16M–$284M
KENDRIS Capital
VC Fund
1 Latvia Seed, Venture - Series Unknown Nanotechnology, CleanTech, Manufacturing
Oschadbank
VC Fund
1 Ukraine, Latvia Debt Financing, Post-IPO Debt Energy, Renewable Energy, Solar $10M–$77M
Envac
VC Fund
1 Latvia Pre-Seed Waste Management, Internet of Things
Envac Group
VC Fund
1 Latvia Pre-Seed Waste Management, Internet of Things
Expansion Capital
VC Fund
1 Latvia, United States, Norway Seed, Venture - Series Unknown, Debt Financing Manufacturing, Software, Logistics $100k–$2.4M
ZAS Ventures
VC Fund
1 United States, Ukraine, Estonia Pre-Seed, Seed Software, Information Technology, SaaS $50k–$1.3M
ZGI Capital
VC Fund
1 Latvia, Estonia, United Kingdom Seed, Venture - Series Unknown Manufacturing, Machinery Manufacturing, Consulting $55k–$1.6M
ASP Asset Management
VC Fund
1 Latvia Pre-Seed Information Technology, Industrial Manufacturing
Luminor Latvija
VC Fund
1 Latvia Debt Financing Baby, Retail, Children $1.1M–$155M
Access all 40 investors in Latvia Sustainability startups.

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Investor list

The Untitled Venture Company
VC Fund · San Francisco, California, United States · 5 investments in Latvia Sustainability startups

the Untitled Ventures is an early growth stage fund specializing in deep tech from Eastern Europe. Find out how we develop innovative startups into international businesses.

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 25
  • Round size: Seed $125k–$1.6M; Pre-Seed $150k–$600k; Convertible Note $100k–$790k
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2021

Portfolio highlights

  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • VAMA — VAMA is a one-stop virtual platform that provides easy access to e-pujas, e-darshans, and astrology services, to devotees from across India and the world.
  • Wizart — Wizart Home Visualizer helps customers all over the world to choose and visualize finishing materials. Digital tools that boost your sales of finishing materials online and help your clients make decisions quickly
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Buildit VC
VC Fund · Riga, Riga, Latvia · 4 investments in Latvia Sustainability startups

18 batches, 3500 applications, 100+ startups, 18 countries... ...and Growing. The Buildit journey began in 2013 in Estonia as the first hardware-focused accelerator in the Nordics. Over the past 12 years, we’ve evolved from offering €10,000 pre-seed tickets to becoming a full-fledged venture capital fund capable of investing up to €1.5 million in visionary startups. Our story is one of growth, resilience, and transformation. We’ve been alongside startups as they’ve soared to success, navigated complex challenges, and sometimes faced setbacks. Just like them, we’ve grown—through tough times and triumphs alike. This shared journey shapes the expertise we bring to the table. At Buildit, we specialize in accelerating hardware and IoT startups, helping them scale faster and smarter. From refining prototypes into market-ready products to securing substantial investments, we empower entrepreneurs to turn bold ideas into tangible realities. With us, startups don’t just grow— they thrive. Buildit is supported by Altum Accelerator program, which is financed from the European Regional Fund.

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Investment focus

  • Industry: Health Care, Electronics, Manufacturing
  • Stage:Pre-Seed, Seed, Grant
  • Geography: Latvia, Estonia, Lithuania

Investor stats

  • Total investments: 52
  • Round size: Seed $13k–$1.3M; Grant $5k–$12k; Pre-Seed $23k–$221k
  • Lead/follow: 65% lead, 35% follow
  • Last fund: May invest from a new fund soon — raised $3.2M in 2018

Portfolio highlights

  • Cellbox Labs — Cellbox Labs offers industrialized organ-on-chip technology.It generates plug-and-play devices that enable chips to run without input.
  • SpirulinaNord — SpirulinaNord cultures and sells freshly harvested frozen spirulina to preserve antioxidants, vitamin content and neutral taste.
  • SUBmerge Baltic — Advanced autonomous underwater vehicles for defense, security, and large-scale maritime operations.
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SOSV
VC Fund · Princeton, New Jersey, United States · 2 investments in Latvia Sustainability startups

SOSV offers pre-seed capital and follow-on financial support to startups focusing on deep technology and scientific innovation. Founders utilize purpose-built laboratory facilities and engineering spaces to accelerate product development and testing. The firm facilitates connections between entrepreneurs and a network of investors through structured matchmaking events and technology summits.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Convertible Note, Pre-Seed
  • Geography: United States, China, Canada

Investor stats

  • Total investments: 3821
  • Round size: Seed $125k–$5M; Pre-Seed $25k–$1.5M; Convertible Note $50k–$3.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: Likely still investing — raised $306M in 2023

Portfolio highlights

  • Halla — Halla Intelligence is a digital solution that leverages over 100 billion shopper and product data points to recommend and promote what grocery items.
  • Verdex Technologies — Verdex Technologies is an advanced materials platform technology that uses nanofibers to disrupt industries. Verdex doesn't just compete, it innovates and disrupts.
  • Samphire Neuroscience — Samphire Neuroscience builds clinically validated neurotechnology to support women across their lives. Our wearable devices, Nettle™ and Lutea™, are built on the same underlying brain-stimulation technology, targeting neural pathways involved in pain, mood, stress, and sleep regulation. - Lutea™ is available globally as a wellness device. Itstimulates the same regions of the brain to support stress regulation, sleep, and recovery - key drivers of readiness and long-term performance - allowing athletes and teams to move beyond wellbeing education alone to practical, evidence-based intervention. - Nettle™ is a CE-marked (EU and UK regulated), drug- and hormone-free device that has been clinically shown to improve pain, mood, functionality, and the ability to train during the menstrual cycle, with measurable benefits after one month of use - supporting athletes to maintain training intensity and movement quality during their period. - The Samphire App is the platform controlling all Samphire hardware products with the use of CycleSync™ AI technology: the only one of its kind to support personalized neurotechnology use for women.
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Luminor Bank
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Latvia Sustainability startups, 6 in the past 12 months

Luminor Bank offers a range of financial products including the Luminor Black card, consumer loans, housing loans with lower interest rates for energy-efficient homes, and free debit cards for kids and youngsters aged 6 to 21. New customers can enjoy the Luminor Black card package free for the first two months. Additionally, they provide services like easy remote onboarding and access to partner discounts through the Luminor Plus Club. The bank also promotes its II Pillar Pension Funds for savings and retirement planning .

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Investment focus

  • Industry: Wood Processing, Baby, Sales
  • Stage:Debt Financing
  • Geography: Latvia, Italy

Investor stats

  • Total investments: 7
  • Round size: Debt Financing $988k–$8.7M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • LIVO Mežs — LIVO Mežs is a forestry company specialising in logging, timber preparation, trading and exports.
  • RĒZEKNES MEŽS — RĒZEKNES MEŽS is a commercial woodworking and forestry enterprise that specializes in procurement and manufacturing. The company purchases birch logs, standing timber, and harvesting rights directly from forest owners. It processes these raw materials to manufacture birch sawn timber and wood products. Additionally, it operates log loading and transportation infrastructure to facilitate the mass export of processed timber to international markets.
  • Rēzeknes Siltumtīkli — SIA Rēzeknes siltumtīkli is a municipal utility company that manages centralized district heating systems. The enterprise produces thermal energy using various fuel sources to supply hot water and space heating. It maintains and modernizes localized pipeline networks to transport and distribute heat energy directly to residential buildings, public institutions, and commercial customers. Additionally, the company handles the technical installation of new district heating connections and implements remote telemetry systems for automated consumption metering.
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Impact Ventures Hungary
VC Fund · Budapest, Budapest, Hungary · 2 investments in Latvia Sustainability startups

Impact Ventures is a specialist fund manager focusing on Impact Investments. Our mission is to catalyze social impact by supporting and investing in high-growth social SMEs in Europe, addressing areas of social inclusion, education, employment, health and environmental sustainability.

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Investment focus

  • Industry: Software, Artificial Intelligence, Agriculture
  • Stage:Seed, Pre-Seed
  • Geography: Hungary, Spain, Italy

Investor stats

  • Total investments: 21
  • Round size: Seed $902k–$4.6M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • CereGate — CereGate is a Brain-Machine Interface company establishing new ways of communication.
  • Doctor.One — Doctor.One is a chronic care platform that empowers healthcare professionals to stay connected with their patients through continuous, asynchronous communication. By transforming care into a relationship-driven experience beyond the visit, we help improve engagement, boost adherence, and ensure that no chronic patient feels alone in their healthjourney.
  • VoicePatrol — VoicePatrol provides real-time voice chat protection, detecting and acting on severe toxicity and illegal activity for online communities.
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Nordic Investment Bank
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Latvia Sustainability startups, 34 in the past 12 months

NIB finances projects that improve competitiveness and the environment of the Nordic and Baltic countries. The Bank offers long-term loans and guarantees on competitive market terms to its clients in the private and public sectors. NIB is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank has lending operations both in and outside its member countries. NIB acquires the funds for its lending by borrowing on the international capital markets. NIB's bonds enjoy the highest possible credit rating. NIB's vision is a prosperous and sustainable Nordic-Baltic region. NIB works towards that goal by financing projects that improve competitiveness and the environment of their member countries. Through this, NIB is living up to their promise of financing the future. NIB's core values are competence, commitment and cooperation. By providing long-term loans to its customers, NIB makes a lasting impact on the competitiveness and environment of the region. NIB is a reliable source of long-term funding for its customers. All projects are reviewed from the sustainability perspective. Therefore a NIB loan may be regarded as a quality stamp. NIB only finances specific investment projects that fulfil the Bank’s mission.

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Investment focus

  • Industry: Energy, Manufacturing, Real Estate
  • Stage:Debt Financing, Post-IPO Debt, Post-IPO Equity
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 108
  • Round size: Post-IPO Debt $36M–$284M; Debt Financing $16M–$191M
  • Lead/follow: 89% lead, 11% follow

Portfolio highlights

  • Gijos — Gijos is a Vilnius city energy group.
  • Ellevio — They have solid knowledge of electricity grids. With many years of experience in distribution, they are one of Sweden's leading electricity grid companies. Are you interested in Ellevio as a company and the history of how the electricity grid came to Sweden? Then you have ended up just right! Here they tell you more about us, their projectsand future goals as well as what it is like to work within the company.
  • Valokuitunen — Valokuitunen tuo kotiisi nopean ja toimintavarman nettiyhteyden. Tarkista valokuidun saatavuus ja tutustu avoimen kuidun etuihin.
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KENDRIS Capital
VC Fund · Larnaca, Larnaca, Cyprus · 1 investments in Latvia Sustainability startups

KENDRIS Capital is a multi-asset class AIFM and part of KENDRIS group.

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Investment focus

  • Industry: Nanotechnology, CleanTech, Manufacturing
  • Stage:Seed, Venture - Series Unknown
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • Naco Technologies — A website that specializes in technology and innovation advancements in the world as well as delivering the same to all people. It also has an interest in giving people the most current news in the tech world. Visit the blog today for more insights.
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Oschadbank
VC Fund · Kyiv, Kyyiv, Ukraine · 1 investments in Latvia Sustainability startups

Oschadbank is a financial institution that offers banking and investment services.

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Ukraine, Latvia

Investor stats

  • Total investments: 7
  • Round size: Post-IPO Debt $11M–$77M; Debt Financing $10M–$72M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Eco-Future Kamianka — Eco-Future Kamianka is a renewable energy company that focuses on the development and operation of solar power infrastructure in the Khmelnytskyi region of Ukraine.
  • Elektryka Ukraine — Elektryka Ukraine is a Ukrainian energy company that specializes in power infrastructure development and battery energy storage system.
  • MHP Group — MHP Group is an international in food and agri-tech, producing high-quality and delicious food products that enhance the lives of consumers.
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Envac
VC Fund · 1 investments in Latvia Sustainability startups

Investment focus

  • Industry: Waste Management, Internet of Things
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • The Littery — The Littery is an environmental services company that recycles plastic pollution into e-lottery tickets.The company uses IoT and Computer vision to reframe litter into e-lottery tickets that cause an instant change of attitude due to the innate human optimism bias resulting in an immediate and lasting behavioral change. Its breakthrough idea hasthe potential to revolutionize the littering and household packaging collection markets with its superior solution by motivating citizens to keep their cities clean by themselves. Cities that partner with The Littery experience cleaner communities with less litter and happier citizens at a lower cost.The Riga, Riga-located company was founded by Michael Manniche in 2019.
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Envac Group
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Latvia Sustainability startups

Envac is one of the most innovative players in the global waste collection industry and inventor of the pneumatic waste collection system.

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Investment focus

  • Industry: Waste Management, Internet of Things
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

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

Portfolio highlights

  • The Littery — The Littery is an environmental services company that recycles plastic pollution into e-lottery tickets.The company uses IoT and Computer vision to reframe litter into e-lottery tickets that cause an instant change of attitude due to the innate human optimism bias resulting in an immediate and lasting behavioral change. Its breakthrough idea hasthe potential to revolutionize the littering and household packaging collection markets with its superior solution by motivating citizens to keep their cities clean by themselves. Cities that partner with The Littery experience cleaner communities with less litter and happier citizens at a lower cost.The Riga, Riga-located company was founded by Michael Manniche in 2019.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Expansion Capital
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Sustainability 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, Software, Logistics
  • Stage:Seed, Venture - Series Unknown, Debt Financing
  • Geography: Latvia, United States, Norway

Investor stats

  • Total investments: 42
  • Round size: Seed $132k–$2.4M; Debt Financing $113k–$223k; Venture - Series Unknown $100k–$1.6M
  • Lead/follow: 79% lead, 21% follow

Portfolio highlights

  • Flirtu — Dating in Telegram
  • FIS.solutions — Loan Management System | Loan Servicing Software | Lending Software. Instalment loans, mortgages, car leasing & rentals, credit line, business loans, factoring
  • Willow Wealth — Willow Wealth is an alternative investment platform focused on generating income streams for investors. Get exclusive access to private market investments.
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ZAS Ventures
VC Fund · San Francisco, California, United States · 1 investments in Latvia Sustainability startups

ZAS Ventures is a venture capital firm that boosts outstanding entrepreneurs from Central and Eastern Europe by building SaaS and cloud infrastructure startups.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Pre-Seed, Seed
  • Geography: United States, Ukraine, Estonia

Investor stats

  • Total investments: 19
  • Round size: Seed $150k–$1.3M; Pre-Seed $50k–$680k
  • Lead/follow: 63% lead, 37% follow
  • Last fund: Likely actively investing — fresh fund, raised $1.4M in 2026

Portfolio highlights

  • Upwood — Upwood is a sustainable green investment venture that aims to revolutionize the financial services through accessible forest investment.
  • Robutler — Pro-grade apps, built by people and their agents. Free to use, open to remix. Makers earn from real usage.
  • Ranking Copilot — The world's first AI-powered software to automate legal directory submissions
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ZGI Capital
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Sustainability startups

ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up to EUR 30M. The fund acts on behalf of various investors including the State.

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Investment focus

  • Industry: Manufacturing, Machinery Manufacturing, Consulting
  • Stage:Seed, Venture - Series Unknown
  • Geography: Latvia, Estonia, United Kingdom

Investor stats

  • Total investments: 30
  • Round size: Seed $55k–$896k; Venture - Series Unknown $306k–$1.6M
  • Lead/follow: 90% lead, 10% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • HansaMatrix — Electronics manufacturing in Eastern Europe including industries like transportation, IoT, technology sectors, medicine & more.
  • RoyaltyRange — RoyaltyRange is a data provider with 4 professional databases covering Royalty rates, Service fees, Loan rates, Companies' financials.
  • Electrify — Electrify manufactures electric buses and minibusses offers charging solutions, and bus infrastructure maintenance.
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ASP Asset Management
VC Fund · 1 investments in Latvia Sustainability startups

ASP Asset Management provides tailored investment solutions and fund management services for private and institutional clients.

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Investment focus

  • Industry: Information Technology, Industrial Manufacturing
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Cellbox Labs — Cellbox Labs offers industrialized organ-on-chip technology.It generates plug-and-play devices that enable chips to run without input.
  • Blue Shock Race — BSR is a Latvia-based in-house manufacturing company known for creating the world's most powerful rental electric go-karts featuring a quick-swap battery system, which have been exported to 40 countries. Leveraging a strong engineering team, BSR is expanding its portfolio by developing electric motorcycle power unit systems, battery energystorage solutions, and custom electric technology products to meet growing market demands.
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Luminor Latvija
VC Fund · Riga, Riga, Latvia · 1 investments in Latvia Sustainability startups, 7 in the past 12 months

Luminor is the third-biggest provider of financial services in the Baltic States and the top independent bank. Our objectives are to promote change, engage with society, influence the economy with an eye toward the future, and benefit the area.

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Investment focus

  • Industry: Baby, Retail, Children
  • Stage:Debt Financing
  • Geography: Latvia

Investor stats

  • Total investments: 7
  • Round size: Debt Financing $1.1M–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • hoppekids — Hoppekids designs and sells furniture and accessories for children’s rooms, focusing on beds, storage, and complementary décor. The company offers a wide range of children’s beds including junior beds, mid sleeper beds, loft beds, bunk beds, house beds, and four poster beds along with matching bed accessories. Hoppekids also provides desks, chairs,shelving systems, wardrobes, toy chests, and other storage furniture for children’s spaces. Its assortment includes mattresses, baby furniture such as cots, cradles, changing tables, and playpens, as well as bedding, cushions, play tunnels, and themed bed textiles. Many products are made from solid pine wood and some bed series are TÜV-certified and Nordic Swan Ecolabelled. Hoppekids sells its products through its online shop and selected retailers.
  • Livonia Print — Livonia Print specializes in pre-press, binding solutions, finishing, digital production, delivery, and commercial printing services.
  • Mūsa Mežciems — Mūsa Mežciems is a automotive dealership & mobility-solutions company, It sells new & used passenger vehicles, provides servicing.
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Sustainability Investor funding in Latvia at a glance

Stats across 40 deals from 40 investors.

40
investors
in Latvia Sustainability startups
40
deals
in Latvia Sustainability startups
$657k
median round
in Latvia Sustainability startups
70%
lead investors
lead at least one round
28%
Seed
most common funding stage
95/5
VC / Angel
share of investor count

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