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Top 10 Sustainability VC Funds & Investors in Latvia (June 2026)

The most active venture capital funds 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
3 United States, Russian Federation, Latvia Seed, Pre-Seed, Convertible Note SaaS, Software, Information Technology $100k–$1.6M
Impact Ventures Hungary
VC Fund
2 Hungary, Spain, Italy Seed, Pre-Seed Software, Agriculture, Health Care $878k–$4.6M
SEB Latvija
VC Fund
1 Latvia Debt Financing, Grant Handmade, Military, Robotics $12k–$155M
Nordic Investment Bank
VC Fund
1 Sweden, Finland, Norway Debt Financing, Post-IPO Debt Energy, Real Estate, Manufacturing $22M–$369M
Envac Group
VC Fund
1 Latvia Pre-Seed Waste Management, Internet of Things
Radix Ventures
VC Fund
1 Poland, Latvia Seed, Venture - Series Unknown, Series B Manufacturing, Biotechnology, Nanotechnology $2.6M–$7.7M
ZGI Capital
VC Fund
1 Latvia, Estonia Seed, Debt Financing Manufacturing, Machinery Manufacturing, Retail $55k–$981k
Expansion Capital
VC Fund
1 Latvia, United States, Norway Seed, Debt Financing Manufacturing, Logistics, Transportation $125k–$713k
KENDRIS Capital
VC Fund
1 Latvia Seed, Venture - Series Unknown Nanotechnology, CleanTech, Manufacturing
Oschadbank
VC Fund
1 Ukraine, Latvia Debt Financing, Post-IPO Debt Renewable Energy, Solar, Energy $10M–$72M
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Investor list

The Untitled Venture Company
VC Fund · San Francisco, California, United States · 3 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: SaaS, Software, Information Technology
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 23
  • Round size: Seed $125k–$1.6M; Pre-Seed $150k–$600k; Convertible Note $100k–$790k
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — 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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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, Agriculture, Health Care
  • Stage:Seed, Pre-Seed
  • Geography: Hungary, Spain, Italy

Investor stats

  • Total investments: 17
  • Round size: Seed $878k–$4.6M
  • Lead/follow: 41% lead, 59% follow

Portfolio highlights

  • Hedepy — Online therapy works. Research has proven that what matters is the conversation, not where the conversation happens.
  • Naco — Our mission is development of top quality solutions based on new materials and exceptionally innovative coating technologies for climate neutrality and sustainable products.
  • Envision — Envision is a smartphone and smartglasses app that empowers blind and low vision users to be independent by speaking out the visual world around them.
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SEB Latvija
VC Fund · Kekava, Rigas, Latvia · 1 investments in Latvia Sustainability startups

SEB Latvia provides banking services.

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Investment focus

  • Industry: Handmade, Military, Robotics
  • Stage:Debt Financing, Grant
  • Geography: Latvia

Investor stats

  • Total investments: 5
  • Round size: Grant $12k–$14k; Debt Financing $291k–$155M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Natrix — Natrix presents a modular unmanned ground vehicle for military and civil support, offering logistics, evacuation, and autonomous functions.
  • RedFrog — RedFrog's goal is to transform indoor mobility. RedFrog created an indoor navigation technology that makes it easy for users to navigate across intricate structures, such as corporate campuses, shopping centers, hospitals, and airports.
  • JSC Eco Baltia — “Eco Baltia grupa” is the largest environment management group in the Baltics in terms of net sales, the company provides full cycle of waste management starting with collection and sorting up to logistics, wholesale and processing of recycled materials. “Eco Baltia grupa” environment management companies are successful household waste,construction waste and separated household waste, as well as other environment service providers to private individuals and companies. The Group includes environment management, collection of recycled materials and used packaging processing companies: “Latvijas Zaļais punkts”, “Eco Baltia vide”, “Eko Kurzeme”, “Jumis”, “Pet Baltija”, “Eko Pet”, “Nordic Plast”, “Eko Reverss” and “Tehhe”.The Group services more than 45,000 clients in Latvia and abroad. The Group companies are leading in their line of operations and large taxpayers in the cities and regions where they operate. “Eco Baltia grupa” is a responsible and stable employer that cares for the welfare, professional development and labour safety of its 600 employees.Vision: The most advanced waste regeneration company in Central and Eastern Europe.Mission: To find a value in each and every thing.Values: • Determination • Creativity / creative approach • Owner’s attitude / responsibility • Ability to see and use opportunities • Courage and initative
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Nordic Investment Bank
VC Fund · Helsinki, Southern Finland, Finland · 1 investments in Latvia Sustainability startups, 29 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, Real Estate, Manufacturing
  • Stage:Debt Financing, Post-IPO Debt
  • Geography: Sweden, Finland, Norway

Investor stats

  • Total investments: 70
  • Round size: Post-IPO Debt $33M–$369M; Debt Financing $22M–$191M
  • Lead/follow: 84% lead, 16% follow

Portfolio highlights

  • Gren — Gren's ambition is to enable customers, businesses, cities, and partners alike, to thrive, whatever they might be up to, because needs and goals are what really matter. Their heating and cooling business used to be part of the large energy utility Fortum's business in the Baltic countries, with a track record of pioneering spanningdecades.
  • Orkuveitan — Orkuveitan is an energy and utility company, owns and operates geothermal power stations to provide electricity and hot water to industries and households. They also act as a communications firm that installs and operates a fiber optic network connecting homes and businesses.
  • Reitir Fasteignafelag — Reitir Fasteignafelag owns, leases, and manages commercial properties. Their property portfolio includes office space, retail space, specialized commercial space, and a hotel, as well as ambitious development projects.
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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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Radix Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Latvia Sustainability startups

Established in 2024 by experienced entrepreneurs and tech investors we are on the mission to empower deep tech innovators across Europe.

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Investment focus

  • Industry: Manufacturing, Biotechnology, Nanotechnology
  • Stage:Seed, Venture - Series Unknown, Series B
  • Geography: Poland, Latvia

Investor stats

  • Total investments: 5
  • Round size: Seed $2.6M–$7.7M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Fresh Inset — Fresh Inset Vision is to save the fresh produce resources by delivering efficient and seamless Vidre+ technology to preserve product freshness throughout the supply chain from packer/shipper to end user
  • 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.
  • Fluence.technology — Fluence is an ultrafast fiber laser manufacturer, with the unique all-fiber technology that ensures unprecedented stability of their femtosecond lasers.
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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 toEUR 30M. The fund acts on behalf of various investors including the State.

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Investment focus

  • Industry: Manufacturing, Machinery Manufacturing, Retail
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $55k–$896k; Debt Financing $110k–$981k
  • Lead/follow: 92% lead, 8% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • eAgronom — We enable companies to achieve their sustainability goals while supporting farmers in generating additional revenue, improving soil quality, and accessing better financing.
  • KOOL Latvija — "KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.
  • Bioreactors.net — Biotechnical center is an innovative company and we provide solutions for industrial biotechnology processes, bioreactor manufacturing and industrial automation. We manufacture bioreactors for laboratory, pilot and industrial scale.
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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, 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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KENDRIS Capital
VC Fund · Larnaca, Larnaca, Cyprus · 1 investments in Latvia Sustainability startups

KENDRIS Capital provides alternative investment funds, AIFM portfolio management, AIFM risk management, AIFM marketing, distribution services, AIFM reporting services, and AIFM fund set-up, and launch support services.

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

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $10M–$72M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • DTEK — DTEK Group is a diversified energy holding that includes six businesses and Academy DTEK, our corporate university. DTEK Group is the largest private investor in the energy sector in Ukraine, with over €12 billion in invested capital since 2005, employing 55,000 people.
  • Kernel — Kernel Holding S.A. is a company incorporated under the laws of Luxembourg and has been listed on the Warsaw Stock Exchange since 23 November 2007. Kernel employs 14,075 people, primarily in farming and sunflower oil production, as well as in grain origination and logistics business owned and operated by the Company.
  • Helios Strategia — Helios Strategia is a renewable energy company that offers equipment for solar power plants.
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Sustainability VC funding in Latvia at a glance

Stats across 25 deals from 26 investors.

26
investors
in Latvia Sustainability startups
25
deals
in Latvia Sustainability startups
$963k
median round
in Latvia Sustainability startups
69%
lead investors
lead at least one round
32%
Seed
most common funding stage

Access all 26 VC funds in Latvia Sustainability startups.

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