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Top 50 VC (Venture Capital) Funds in Latvia in July 2025

A list of 50 VC (Venture Capital) funds that invest in startups based in Latvia. We rank investors based on the number of investments they made in companies from Latvia. We update this investor list every month.

Top 50 VC (Venture Capital) Funds in Latvia in July 2025

Investor Latvia investments
Imprimatur Capital Fund Management 58
Expansion Capital 27
ZGI Capital 23
FlyCap 17
Change Ventures 6
Open Circle Capital 4
EstBAN 4
EIT Urban Mobility 3
BaltCap 3
New Nordic Ventures 3
The Untitled Venture Company 3
Superangel 3
Baltic Tech Ventures 2
Base Ventures 2
SOSV 2
J12 2
Inventure 2
Karma Ventures 2
Capitalia 2
European regional development fund (ERDF) 2
Practica Capital 2
HansaMatrix 2
Almaz Capital 2
Black Pearls VC 2
BADideas.fund 2
Qiming Venture Partners USA 2
Abingworth 2
Mistletoe 2
Point Nine 1
Siena Capital 1
Caucasus Ventures 1
Calchas Holding 1
Taver Capital Partners 1
Superhero Capital 1
EIT Digital 1
European Union 1
LIVE RīGA 1
Fiedler Capital 1
APX 1
AdFirst.vc 1
EIT Food 1
Taver Capital Partners 1
Carthona Capital 1
Microsoft for Startups 1
SMOK Ventures 1
Merito Partners 1
Iron Wolf Capital 1
Swedbank 1
Vesna Investment 1
SeedBlink 1
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Investor list
Imprimatur Capital Fund Management VC Fund · Riga, Riga, Latvia
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
  • Software, Information Technology, Apps
  • Seed, Debt Financing, Funding Round
  • Latvia, United States, United Kingdom
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.
Expansion Capital VC Fund · Riga, Riga, Latvia
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
  • Manufacturing, Food and Beverage, Logistics
  • Seed, Funding Round, Debt Financing
  • Latvia, United States, Norway
Portfolio highlights
  • Flirtu — Flirtu is an app for dating on Telegram that helps users find their perfect match.
  • Yieldstreet — Yieldstreet 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
ZGI Capital VC Fund · Riga, Riga, Latvia
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
  • Manufacturing, Machinery Manufacturing, Consulting
  • Funding Round, Seed, Debt Financing
  • Latvia, Estonia
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.
FlyCap VC Fund · Riga, Riga, Latvia
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
  • Health Care, Consumer Goods, Medical
  • Funding Round, Seed, Debt Financing
  • Latvia, Estonia, The Netherlands
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 car sharing business Elmo Rent we wanted to serve maximum customers with minimum resources, so we created remote control technology to deliver vehicles.
Change Ventures VC Fund · Tallinn, Harjumaa, Estonia · 6 investments in the past 12 months
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
  • Software, Information Technology, Apps
  • Seed, Pre-Seed, Series A
  • Estonia, Latvia, Lithuania
Portfolio highlights
  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • ENGYcell — ENGYcell provides personalized energy storage solutions to reduce energy costs, gain energy independence, and participate in the energy market.
  • Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
Open Circle Capital VC Fund · Vilnius, Vilniaus Apskritis, Lithuania
Our Investment FocusWe are interested in technology companies in the fields of ICT, robotics and high-tech. We favor teams of professionals comprised or led by serial entrepreneurs with past growth, fundraising and/or exiting experience. We are looking for product building companies that would be high-potential, fast-growth, and ready toconquer foreign markets. Best time to talk us is just after first revenues in the company.Our investment approach1. It all starts with a conversation where we learn about you and your ambition. 2. In the space of few meetings we are targeting to decide whether to look further. 3. We'll discuss particular terms, ask for more information, and analyse further. 4. The legal part - we know everyone loves it, and, finally, we join your venture.
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Investment focus
  • Software, Information Technology, Artificial Intelligence
  • Seed, Pre-Seed, Series A
  • Lithuania, United States, Canada
Portfolio highlights
  • PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
  • Monimoto — Monimoto develops and manufactures world's easiest to install and use GPS tracker. It's autonomous, powered by battery and controlled by smart phone.
  • Perfection42 — Perfection42 empowers creators to reach Unlimited Quality with custom Artificial intelligence tools without a single line of code.
EstBAN VC Fund · Tallinn, Harjumaa, Estonia
More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be
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Investment focus
  • Software, Information Technology, Manufacturing
  • Seed, Pre-Seed, Angel
  • Estonia, Latvia, Lithuania
Portfolio highlights
  • Esgrid — One platform to onboard, evaluate and engage suppliers. Remove the countless hours spent on individual forms and spreadsheets by automating supplier evaluation with Esgrid, from onboarding to managing supply chain sustainability.
  • RAIKU — RAIKU is a cleantech startup that produces 100% natural packaging material that has also great looks and shock absorption - most importantly, it gives 15-20 times more volume to its raw material making it one of the most resource efficient material uses in the world with high margins. Both the production is and products are clean making no harm tonature. RAIKU has raised over 1.2mln€ in the pre-seed stage, built a team of over 10 people, its own IP and clients are already using its packaging material. This material will up-end the 1 trillion € packaging sector.
  • DriveX Technologies — Decrease your average claim size with AI vehicle inspection tool for CASCO pre-checks and windshield claims.
EIT Urban Mobility VC Fund · Barcelona, Catalonia, Spain
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
  • Software, Transportation, Information Technology
  • Seed, Pre-Seed, Series A
  • Spain, Sweden, France
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!
BaltCap VC Fund · Tallinn, Harjumaa, Estonia
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
  • Mobile, Information Technology, Apps
  • Seed, Series A, Series B
  • Latvia, Lithuania, United States
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
New Nordic Ventures VC Fund · Riga, Riga, Latvia
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
  • Software, Artificial Intelligence, Information Technology
  • Pre-Seed, Seed, Funding Round
  • Latvia, Estonia, Georgia
Portfolio highlights
  • OHMYSYNT — AI-powered tool for businesses and creators, that alters videos in seconds using text prompts.
  • DrugCards — Local literature screening will be under control with DrugCard. It's: continuous, regular, transparent, multi-language, and cost-effective.
  • 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.
The Untitled Venture Company VC Fund · San Francisco, California, United States
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
  • Software, SaaS, Information Technology
  • Seed, Pre-Seed, Convertible Note
  • United States, Russian Federation, Latvia
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
Superangel VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in the past 12 months
Early-stage investments from entrepreneurs to entrepreneurs. Our companies include Bolt, Veriff, Fortumo and many more. 10x@superangel.io
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Investment focus
  • Artificial Intelligence, Software, Information Technology
  • Seed, Pre-Seed, Series A
  • Estonia, United States, Finland
Portfolio highlights
  • Askel.ai — Stop wasting your team's time. Start automating. Askel.ai enables your end-users teams to implement AI agents natively within your product.
  • Pactum — Pactum autonomous negotiations help companies unlock hidden value. Our AI negotiates non-strategic supplier contracts on a massive scale.
  • Labrys Technologies — Visualise & Coordinate Your People. Securely. Anywhere. In Real-Time.
Baltic Tech Ventures VC Fund · Riga, Riga, Latvia
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
  • Software, Information Technology, Apps
  • Seed, Pre-Seed
  • Latvia, Lithuania
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.
Base Ventures VC Fund · Berkeley, California, United States
We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea.
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Investment focus
  • Software, Mobile, E-Commerce
  • Seed, Series A, Funding Round
  • United States, Canada, Latvia
Portfolio highlights
  • Mansa — Built by Black creators with a passion for making culture-positive content, Mansa is the only place to stream the best in Global Black stories
  • Bootup — Bootup creates a marketplace for tech talent. Bootup's goal is to build tools to help bridge the gap between those looking for economic upward mobility and technology companies looking for strategies to solve for the impending talent crisis. We are excited to support all of the individuals looking to break into tech, the educators fuelingtheir growth, and the enterprises who power the industry.
  • Parade — Find and manage carriers, boost margins. Precise pricing, optimized bidding, shipper connectivity.
SOSV VC Fund · Princeton, New Jersey, United States · 75 investments in the past 12 months
SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.
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Investment focus
  • Biotechnology, Health Care, Software
  • Seed, Convertible Note, Pre-Seed
  • United States, India, United Kingdom
Portfolio highlights
  • MixRift — MIXRIFT - game developers specialized in Mixed Reality
  • unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
  • Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.
J12 VC Fund · Stockholm, Stockholms Lan, Sweden · 5 investments in the past 12 months
We back founders early building for the AI era. Founders building software infrastructure that makes data more accessible, and AI applications for enterprises, consumers, and healthcare. But most importantly still, founders with outlier ingenuity, childish curiosity, and the stamina to prevail.
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Investment focus
  • Software, Artificial Intelligence, Information Technology
  • Seed, Pre-Seed, Series A
  • Sweden, Germany, Norway
Portfolio highlights
  • Ostrom — We make energy fair, smart and green - one flexible monthly plan with no hidden fees, digital-first and 100% renewable energy.
  • Pistachio — Pistachio is a fully automated cybersecurity awareness training and attack simulation platform.
  • IPercept — At IPercept we provide AI-based, hardware-enabled software solutions and services that can best be described as the fitness tracker for complex industrial machines. At the push of a button, you can learn about a machines’ health, down to micrometer changes for each critical component. You can get insights into what maintenance activities you shouldapply and when. You can monitor how the machines are operated, how to optimize their utilization and much more. All of this is achieved through a plug-n-play installation - for old machines as well as new. All securely provided without requiring access to any machine controllers or IT-systems. These services reduce maintenance costs, downtime and increase productivity - a solid ROI for our customers. In 5 years, most complex industrial machinery sold in the world will be supported by our technology.
Inventure VC Fund · Helsinki, Southern Finland, Finland · 4 investments in the past 12 months
Since 2005, Inventure has backed over 90 companies including Wolt, Swappie, Jobbatical, aiMotive, and more.
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Investment focus
  • Software, Information Technology, Health Care
  • Seed, Series A, Series B
  • Finland, Sweden, Denmark
Portfolio highlights
  • Hedera Dx — A diagnostics platform that makes liquid biopsies a reality in cancer care
  • Moncyte Health — Unique technology and novel data for personalized and optimal treatment of high cholesterol
  • Avenue Biosciences — From biotechnology tools to therapy discovery and development: Our platform enhances production yield and the quality of your end product.
Karma Ventures VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in the past 12 months
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
  • Software, Artificial Intelligence, Information Technology
  • Series A, Seed, Series B
  • Estonia, United States, Sweden
Portfolio highlights
  • Patchstack — Keep your WordPress sites safe from vulnerable plugins & themes. Protect sites with virtual patching.
  • Swarmia — Build better software faster with insights that power your whole engineering organization. Get started with a demo or a free 14-day trial.
  • WunderGraph — Full lifecycle API Management for (Federated) GraphQL. Schema registry, composition checks, analytics, metrics, tracing and routing. Deploy 100% on-prem or use our Managed Service. Apache 2.0 licensed, no vendor-lock.
Capitalia VC Fund · Riga, Riga, Latvia
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
  • Software, CAD, Apps
  • Seed, Debt Financing
  • Latvia, Sweden, Lithuania
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.
European regional development fund (ERDF) VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium
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
  • Software, Information Technology, Artificial Intelligence
  • Grant, Funding Round, Pre-Seed
  • United Kingdom, Germany, France
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 has developed a best-in-class exhaled breath condensate device, capable of capturing Covid-19 particles in as little as 5 seconds. Pulmobiomed a biotechnology company is working with industry leaders in integrating their diagnostic capabilities into our PBM-Hale device. Pulmobiomed techn
  • 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.
Practica Capital VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 5 investments in the past 12 months
Practica Capital
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Investment focus
  • B2B, Software, Information Technology
  • Seed, Funding Round, Series A
  • Lithuania, United Kingdom, United States
Portfolio highlights
  • AMLYZE — AMLYZE Risk Assessment Module is an automated customer AML/CFT Risk Assessment and Management feature for financial companies.
  • Qminder — Set up Qminder queue management software in minutes. Real-time reports on customer service & employee performance. Cloud-based. Wireless. Free Support.
  • Atrandi Biosciences — Achieve your discoveries easier using high-throughput screening and droplet microfluidics. Create your own custom workflows for any R&D or academic applications.
HansaMatrix VC Fund · Riga, Riga, Latvia
Electronics manufacturing in Eastern Europe including industries like transportation, IoT, technology sectors, medicine & more.
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Investment focus
Portfolio highlights
Almaz Capital VC Fund · Portola Valley, California, United States · 3 investments in the past 12 months
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
  • Software, Mobile, Internet
  • Series A, Funding Round, Seed
  • United States, Russian Federation, Latvia
Portfolio highlights
  • Yazen — Yazen is a digital obesity clinic that offers weight loss through modern pharmaceutical treatment.
  • PLATMA — PLATMA is a workspace for developing low/no-code solutions with ready-made constructors that reduce the need for large resources and decrease time to market
  • Alison AI — Stop wasting time and money on A/B testing. Analyze data, create impactful creatives, and optimize for outstanding results.
Black Pearls VC VC Fund · Gdansk, Pomorskie, Poland
Black Pearls VC is a venture capital firm focusing on Life Quality Technologies. We look for the best entrepreneurs in Poland and the Baltic Sea Region.
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Investment focus
  • Software, Artificial Intelligence, FinTech
  • Seed, Pre-Seed, Funding Round
  • Poland, United States, United Kingdom
Portfolio highlights
  • swotzy. — Swotzy offers a shipping platform to assist e-commerce retailers in streamlining their last-mile operations and reducing operating expenses by always using the best-suited carrier.
  • Wordware — A collaborative prompt engineering IDE
  • Certifier — Certifier is a digital credentials infrastructure. Easily make, share and verify digital certificates on autopilot. All-in-one platform for generation certificates and mass sending emails to recipients. Certificate maker with user friendly interface, ready-made templates, and delivery emails.
BADideas.fund VC Fund · 3 investments in the past 12 months
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
  • Software, Information Technology, FinTech
  • Pre-Seed, Seed
  • Estonia, Latvia, Ukraine
Portfolio highlights
  • Qminder — Set up Qminder queue management software in minutes. Real-time reports on customer service & employee performance. Cloud-based. Wireless. Free Support.
  • Miros — Revolutionizing ecommerce with AI-powered visual search and semantic search. Seamless, tagless, and intuitive product discovery for all shoppers.
  • 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.
Qiming Venture Partners USA VC Fund · Cambridge, Massachusetts, United States · 5 investments in the past 12 months
Qiming Venture Partners USA, founded in 2017, is a healthcare venture capital firm and healthcare investor with deep technical expertise that allows them to identify tomorrow's innovations early and strong operational experience with a hands-on approach that makes us the investor of choice for early-stage biotech companies.Because of theirproven, hands-on approach to supporting CEOs and scaling operations, its partners are frequently sought after to serve on company boards. They are respected business and thought leaders.
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Investment focus
  • Biotechnology, Health Care, Pharmaceutical
  • Series A, Series B, Post-IPO Equity
  • United States, Canada, China
Portfolio highlights
  • Renasant Bio — Renasant Bio is a biopharmaceutical company pioneering disease-modifying oral small molecule treatments.
  • Umoja Biopharma — Pioneering immunotherapy by reprogramming T cells in vivo to target cancer cells.
  • Auron Therapeutics — A differentiated approach to cure cancer.
Abingworth VC Fund · London, England, United Kingdom · 2 investments in the past 12 months
We are Abingworth, a trans-atlantic bio-science investment firm with a deep understanding of both the science and markets we invest in.
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Investment focus
  • Biotechnology, Health Care, Pharmaceutical
  • Series B, Series A, Series C
  • United States, United Kingdom, France
Portfolio highlights
  • AdvanCell — AdvanCell is a vertically integrated, clinical-stage radiopharmaceutical company developing an innovative pipeline of targeted alpha therapies.
  • Myricx Bio — Myricx Pharma is a small molecule drug discovery company engaged in developing novel proprietary inhibitors of human N-myristoyltransferases (NMT), with a primary focus in oncology but also exploring potential applications across other diseases.
  • Timberlyne Therapeutics — Taking Best-in-Class Therapies to New Heights Our mission is to bring life-changing medicines to patients living with autoimmune diseases. About Us Timberlyne Therapeutics is a clinical-stage biopharmaceutical company focused on the development and commercialization of transformational therapies for autoimmune diseases. We are leveraging the extensive drug development expertise
Mistletoe VC Fund · Tokyo, Tokyo, Japan
Mistletoe is a hub for startups and the overall entrepreneurial ecosystem. It specifically provides learning opportunities for entrepreneurs, facilitates startup communities, invests in and supports startup companies and venture capitals.
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Investment focus
  • Information Technology, Software, Mobile
  • Seed, Funding Round, Series A
  • Japan, United States, India
Portfolio highlights
  • ULUU — ULUU is an ocean material that replaces plastic and actively benefits the world.
  • Aquaria — Aquaria provides solutions to secure access to clean water. The organization adapts its approaches based on the needs of these communities. It addresses water-related challenges through various methods.
  • Funderbeam — Funderbeam is a funding and trading platform that connects companies and investors to buy and sell equity stakes. The platform allows the founders to gain exposure, legal support, a funding manager, or an investor network. It also allows the investors to take control of their investments and trade anytime they want.The company was founded in 2013as a global data platform for startup companies.
Point Nine VC Fund · Berlin, Berlin, Germany · 9 investments in the past 12 months
Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.
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Investment focus
  • Software, SaaS, Internet
  • Seed, Series A, Series B
  • Germany, United States, France
Portfolio highlights
  • BlueLayer — BlueLayer transforms the management of carbon projects with a cutting-edge software stack that frees up valuable resources to bring more quality credits to market.
  • FLOAT — Float is a product lab that focuses on developing design-led software for the technology sector. The company focuses on producing innovative software products.
  • Tengo — Tengo is a SaaS platform that helps businesses win more public tenders and design to simplify and centralize the entire tendering process.
Siena Capital VC Fund
Siena is a VC firm mainly investing in startups in Estonia and California
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Investment focus
  • CAD, Banking, FinTech
  • Seed, Pre-Seed, Convertible Note
  • Estonia, Latvia
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
  • Tuum — Our cloud-native API-first core banking platform enables any business to rapidly offer seamless, tailored financial services to their customers.
  • Teamscope — Understand what drives your team's performance, make exceptional hiring decisions, and unlock the full potential of your team.
Caucasus Ventures VC Fund · Baku, Baki, Azerbaijan · 12 investments in the past 12 months
Caucasus Ventures is a venture capital firm.
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Investment focus
  • Artificial Intelligence, Software, Financial Services
  • Seed, Pre-Seed, Series B
  • United States, Azerbaijan, Georgia
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
Calchas Holding VC Fund
Calchas Holding is an Investment Firm.
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Investment focus
  • Credit, Banking, FinTech
  • Seed
  • Latvia
Portfolio highlights
  • Nordigen — Nordigen is a free open banking API that provides PSD2 data connections to all major European banks.
Taver Capital Partners VC Fund · Los Altos Hills, California, United States
Gagarin Capital is a venture fund that invests in early stage artificial intelligence companies from around the world.
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Investment focus
  • Artificial Intelligence, Machine Learning, Software
  • Seed, Series A, Funding Round
  • United States, India, Latvia
Portfolio highlights
  • CureSkin — Get free AI analysis and dermatologist-prescribed regimens to treat your skin & hair concerns. Holistic, safe & 100% effective. Learn more.
  • EARTH AI — Earth AI is a high-performance explorer for clean energy minerals. We turbocharge metals exploration to build the electric future.
  • Regology — Regology is the leading generative AI-powered Regulatory Intelligence Platform. We help compliance teams in all industries automate regulatory change management and compliance.
Superhero Capital VC Fund · Helsinki, Southern Finland, Finland · 7 investments in the past 12 months
Early-stage VC searching for the next Superheroes.
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Investment focus
  • Software, Information Technology, Internet
  • Seed, Pre-Seed, Funding Round
  • Finland, Estonia, Lithuania
Portfolio highlights
  • eMabler — We accelerate our customers' business growth by convenience in eMobility with our API-first platform
  • Fractory — Metal fabrication services for project and series manufacturing. 1-1 engineering support and payment terms for companies.
  • Flow Computing — Flow's Parallel Processing Unit (PPU) gives 100X CPU performance for demanding applications, such as locally-hosted AI and general-purpose parallel computing.
EIT Digital VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 9 investments in the past 12 months
Join Europe's largest digital innovation ecosystem. For a strong digital Europe. Inclusive. Fair. Sustainable.
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Investment focus
  • Information Technology, Software, Internet
  • Pre-Seed, Grant, Seed
  • Italy, Spain, Poland
Portfolio highlights
  • VoiceMed — Track respiratory health using voiceWe bring deep-tech innovation into your smartphone. With vocal biomarkers and artificial intelligence, we track the evolution of respiratory diseases.
  • Assiduous — The AI-enabled platform to do the heavy-lifting for business owners seeking finance for their aspiring growth company.
  • Veganistik — Veganistik is a new generation vegan social platform, helping you start your plant-based life or maximize your experience.
European Union VC Fund · London, England, United Kingdom · 5 investments in the past 12 months
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.
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Investment focus
  • Health Care, Information Technology, Biotechnology
  • Grant, Seed, Funding Round
  • Germany, United Kingdom, United States
Portfolio highlights
  • RoboTwin — Easy robot teaching for spray painting, powder coating, grinding, sanding, polishing, general motion teaching. 3 steps & 1 minute to automation.
  • Future Genius — Genius Nation is a platform that increases the effectiveness of teaching science subjects by 16 to 27%. The platform individualizes the teaching process for each student. Algorithms that individualize the teaching process are responsible for uniquely adapting the teaching process to the individual cognitive processes of each student. Thanks togamification, the platform supports each student every day, motivating them to acquire skills. The platform combines the school and home environment, allowing for full support of the student. The platform was created as a result of scientific research conducted in schools. Using artificial intelligence technologies and neurolearning, scientific achievements of cognitive psychology help students progress in their studies every day. A dedicated Genius Conduction bone headset was created for the platform.
  • ProCredit Bank Moldova — ProCredit Bank Moldova is a development-focused commercial bank.
LIVE RīGA VC Fund · Riga, Riga, Latvia
The first, indelible impression that most visitors get of the Latvian capital is its majestic skyline, as viewed from the left bank of the Daugava River. The slender Gothic spires of the Old Town’s many churches attest to the city’s long history, which stretches back to the 13th century. The panorama’s pleasing harmony is just the most visibleindication of the superb aesthetic sense that has shaped much of the city’s architecture up to the present day.Nowhere is that aesthetic more pronounced than in Centrs, the central part of Riga, which is the city’s economic, financial, and cultural core, as well as a UNESCO- designated World Heritage Site. One will find a breathtaking range of architectural styles in the historic centre – from Baroque to Classicism, from Renaissance to Art Deco, from Romanesque to NationalRomanticism. Furthermore, Riga’s wealth of Jugendstil or Art Nouveau buildings, complete with their fantastically ornate flourishes, stands out as unparalleled anywhere in the world. Yet equally unique are the many 19th century wooden buildings that have proudly withstood the pressures of commercialization and gentrification, retaining their place in Riga’s architectural cornucopia and currently undergoing state- of-the-art facelifts.But Riga is much more than just its history. Proud of its heritage, it is a thoroughly modern city with a highly developed infrastructure and opportunities for a variety of activities and entertainment. A city with rich musical traditions, today it boasts an excellent opera, several world- class choirs and outstanding classical orchestras, not to mention jazz, rock, and Riga’s skyline blues ensembles, plus a variety of other popular music bands performing in both concert halls and clubs.At the vanguard of dramatic art not only locally but on the European scale, the New Riga Theatre has much to offer to locals and visitors alike. Riga’s museums are definitely not dusty repositories of the past, but are instead putting an increasing emphasis on interactive displays and modern technologies, while the many art galleries compete with each other in trying to predict the trends of the future. Add to that the varied shopping venues and myriad cafés, restaurants, bars, and nightclubs, and you get Riga in all its lively variety.What has always been central to the energy of the city, however, is its people. Located by an important waterway, the Daugava River, which connects the city to the Gulf of Riga and the Baltic Sea and thus to far-off lands, Riga has always been a transportation hub and a crossroads, where different cultures meet and intersect. Among its more than 700 000 inhabitants there are Latvians, Russians, Belarusians, Ukrainians, Poles, Jews, and other ethnic groups. All have left and are still leaving their mark on the customs, cuisine, and the very appearance of Riga. While the city’s relatively compact, urban space is ethnically mixed, it features many distinct neighborhoods, each with its own unique history and landmarks.Among Riga’s many treasures are its beautiful, well-tended gardens and parks, which occupies a substantial portion of the city’s territory. In fact, there are several good-sized forests within the city limits, where the locals love to take Sunday strolls, jog, watch birds, pick mushrooms in the autumn, and go skiing in the winter. In the spring, when the city’s many orchards are in bloom, white petals can be seen drifting through the air; then come the purples and pinks of lilacs, which are particularly spectacular along the crooked, dreamy side-streets of Pārdaugava, on the left bank of the river, to be followed in late June by the pale honey of blossoming lindens that line Riga’s stately boulevards.
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Investment focus
  • IT Management, Artificial Intelligence
  • Seed
  • Latvia
Portfolio highlights
  • Startup House Riga — Startup House is a community that unites entrepreneurs, investors, and other stakeholders, rather than merely a physical location. Our goal is to make this place feel like a second home for investors and founders one that inspires, motivates, and feels cozy.
Fiedler Capital VC Fund · Vienna, Wien, Austria · 2 investments in the past 12 months
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
  • Software, Information Technology, Food and Beverage
  • Seed, Pre-Seed, Series A
  • Hungary, Latvia, Serbia
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
APX VC Fund · Berlin, Berlin, Germany · 9 investments in the past 12 months
APX is Europe’s leading very-early-stage VC. Based in Berlin and backed by Axel Springer and Porsche, we support and partner with the most ambitious founding teams from Europe and beyond - often as their first investor.We invest up to EUR 500K in startups until a series A starting with a quick EUR 50K investment, and within a few months,depending on traction and speed, we can invest further. Each month we invest in new teams who become part of the APX community, counting hundreds of other founders. Since 2018, we have invested in 100+ startups across 20+ industries with founders from 20+ countries together with 100+ co-investors.
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Investment focus
  • Software, SaaS, Information Technology
  • Pre-Seed, Seed, Series A
  • Germany, United Kingdom, United States
Portfolio highlights
  • Spike Technologies — November 30, 2022 - Spike technology, REST API end-points, and Cloud architecture are designed with data privacy and security at heart. We process billions of
  • Eleos — Get income protection insurance online with Eleos. All policies include 24x7 Virtual GP, gym discounts and other benefits.
  • DC Connected — Mobility Enhancement Platform
AdFirst.vc VC Fund · Limassol, Limassol, Cyprus
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
  • E-Learning, Mobile Apps, FinTech
  • Seed, Pre-Seed, Series A
  • United States, Russian Federation, Latvia
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.
EIT Food VC Fund · Belgium, Wisconsin, United States · 24 investments in the past 12 months
EIT Food is a European Knowledge and Innovation Community (KIC), which was set up to transform our food ecosystem. By connecting consumers with businesses, start-ups, researchers and students from around Europe, EIT Food supports innovative and economically sustainable initiatives which improve our health, our access to quality food, and our environment
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Investment focus
  • Food and Beverage, Biotechnology, Food Processing
  • Grant, Funding Round, Seed
  • United Kingdom, Israel, Germany
Portfolio highlights
  • Fyteko — For a more sustainable agriculture
  • PFx Biotech — PFx Biotech transforms food through bioinnovation by creating sustainable and nutritional alternative protein solutions.
  • New Wave Biotech — New Wave Biotech's AI Downstream Process Optimization Software empowering SynBio innovators to get to market quicker, better and at lower cost. By simulating bioprocesses, techno economic analysis and auto optimisation, we help precision fermented alternative protein and other industrial biotechnology products improve yield and scale production.
Taver Capital Partners VC Fund · Wilmington, Delaware, United States
Taver Capital is a venture fund that invests in early stage artificial intelligence companies from around the world.
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Investment focus
  • Artificial Intelligence, Machine Learning, Software
  • Seed, Series A, Pre-Seed
  • United States, India, Latvia
Portfolio highlights
  • CureSkin — Get free AI analysis and dermatologist-prescribed regimens to treat your skin & hair concerns. Holistic, safe & 100% effective. Learn more.
  • Regology — Regology is the leading generative AI-powered Regulatory Intelligence Platform. We help compliance teams in all industries automate regulatory change management and compliance.
  • iFarm — Technologies to grow fresh vegetables, berries and greens
Carthona Capital VC Fund · Sydney, New South Wales, Australia · 9 investments in the past 12 months
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
  • Software, Financial Services, FinTech
  • Seed, Series A, Series B
  • Australia, United States, United Kingdom
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.
Microsoft for Startups VC Fund · Redmond, Washington, United States · 4 investments in the past 12 months
Microsoft for Startups is a global program designed to help startups scale with free access to Azure cloud and a streamlined path into selling alongside Microsoft and our vast partner ecosystem.
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Investment focus
  • Software, Information Technology, SaaS
  • Seed, Funding Round, Pre-Seed
  • United States, India, Canada
Portfolio highlights
  • VitVio — VitVio is a platform built around AI and computer vision with the goal of improving efficiency and quality of care in operating rooms.
  • UniPay — UniPay is an eCommerce platform for infrastructure and industry-lacking regions that offers 5 products that enable trust, promote transparency, and enforce accountability.
  • Emission Sentri — Drive emission management and reduction with insights
SMOK Ventures VC Fund · Warsaw, Mazowieckie, Poland · 9 investments in the past 12 months
Bridging Silicon Valley to CEE
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Investment focus
  • Software, Information Technology, SaaS
  • Seed, Pre-Seed, Funding Round
  • Poland, United States, Ukraine
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.
Merito Partners VC Fund · Riga, Riga, Latvia
Merito Partners is a growing private investment company operating in Latvia and the New Nordics.
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Investment focus
  • Furniture, Smart Home, Smart Building
  • Seed, Private Equity
  • Latvia
Portfolio highlights
  • TapBox — Tapbox is a self-service solution provider for catering, cinema, entertainment, hotel, ticketing, customer servicing, and more.
  • MYCABIN — MYCABIN offering small wooden frame holiday homes in different sizes that can be combined as a set.
Iron Wolf Capital VC Fund · Vilnius, Vilniaus Apskritis, Lithuania
We are here to make you succeed! Iron Wolf Capital is an international venture capital firm with an experienced team of professionals with global outlook and strong roots in the Baltics. and a mandate for helping entrepreneurs realise their ideas into successful businesses.
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Investment focus
  • Software, Infrastructure, Manufacturing
  • Seed, Pre-Seed, Series A
  • Lithuania, Estonia, United Kingdom
Portfolio highlights
  • PIXEVIA — PIXEVIA - AI for retail. Our flagship product - fully autonomous stores, powered by AI, cameras, and sensors. You simply walk in, take what you want, and go.
  • RedTrack.io — RedTrack.io offers real-time access to your media buying KPIs/data: ad tracking, impressions, clicks, conversions across multiple channels & 30 data points.
  • Kingdom Technologies — We build robotic lawn mowers for large terrains.
Swedbank VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in the past 12 months
Swedbank AB (formerly Föreningssparbanken) is a Nordic-Baltic banking group offering retail banking, asset management, financial, and other services.Swedbank is a modern bank firmly rooted in Swedish savings bank history.
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Investment focus
  • Banking, Real Estate, FinTech
  • Funding Round, Post-IPO Debt, Debt Financing
  • Sweden, Latvia, Finland
Portfolio highlights
  • Helen — Helen sell electricity to about 450,000 customers and heat more than 90 percent of Helsinki's properties with district heating.
  • eAgronom — We enable companies to achieve their sustainability goals while supporting farmers in generating additional revenue, improving soil quality, and accessing better financing.
  • Inbank AS — Inbank is a consumer finance-focused digital bank with an EU credit institution license, active in seven countries.
Vesna Investment VC Fund · Moscow, Moscow City, Russian Federation
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
  • EdTech, Internet, Education
  • Funding Round
  • Latvia
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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VC (Venture Capital) Funds in Latvia by industry