# Top 45 Enterprise Startup Investors in Latvia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| ZGI Capital | 6 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Consulting |
| Uldis Sipols | 4 | Latvia | Seed, Angel, Pre-Seed | CAD, Software, Simulation |
| New Nordic Ventures | 3 | Latvia, Estonia, United States | Pre-Seed, Seed | Software, Machine Learning, Artificial Intelligence |
| FlyCap | 3 | Latvia, Estonia, The Netherlands | Seed, Debt Financing | Health Care, Consumer Goods, Medical |
| Sverre Bisgaard | 3 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Povilas Urbonas | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| European regional development fund (ERDF) | 2 | United Kingdom, Germany, France | Grant, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Nicolai Torgersen | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Lauris Liepa | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Indrikis Liepa | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Maksim Zakurdaev | 1 | Latvia | Angel | CAD, Software, Simulation |
| Angel Parn | 1 | Latvia | Angel | CAD, Software, Simulation |
| River Venture Partners | 1 | The Netherlands, Finland, Latvia | Seed, Angel, Pre-Seed | Internet, Software, SaaS |
| Angels Band | 1 | Latvia, United States, United Kingdom | Seed, Angel, Pre-Seed | Beauty, Computer Vision, Professional Services |
| Mamba | 1 | Latvia | Seed | Mobile Apps, Social Media, Social Network |
| Siena Capital | 1 | Estonia, Latvia | Seed, Pre-Seed, Convertible Note | CAD, Banking, FinTech |
| Microsoft for Startups | 1 | United States, India, Canada | Seed, Grant | Software, Information Technology, SaaS |
| Alex Hofmann | 1 | Latvia | Seed | Mobile Apps, Social Media, Social Network |
| Mail.Ru Group | 1 | Russian Federation, United States, Cyprus | Seed, Series A | Social Media, Mobile Apps, Education |
| Herman Kienhuis | 1 | The Netherlands, Finland, Denmark | Seed, Pre-Seed, Angel | Software, Information Technology, Internet |
| Moscow Seed Fund | 1 | Russian Federation, United States, Israel | Seed, Debt Financing, Series A | Software, Information Technology, Advertising |
| Smartup Ventures | 1 | Iran, Latvia, United Arab Emirates | Seed, Series A, Series B | Information Technology, E-Commerce, CRM |
| Elar Nellis | 1 | Latvia, Estonia, United States | Seed, Angel, Pre-Seed | Software, CAD, SaaS |
| Marat Kichikov | 1 | United States, Canada, Latvia | Seed, Series A, Pre-Seed | Software, Education, Cryptocurrency |
| Ratmir Timashev | 1 | United States, Latvia | Seed, Series A | Enterprise Software, Software, Information Technology |
| Vesna Investment | 1 | Latvia |  | EdTech, Internet, Education |
| Andris K. Berzins | 1 | Spain, Latvia, Lithuania | Seed, Angel, Pre-Seed | Drones, EdTech, Analytics |
| Connect Ventures | 1 | United Kingdom, United States, Germany | Seed, Series A, Pre-Seed | Software, SaaS, FinTech |
| Superhero Capital | 1 | Finland, Estonia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Internet |
| Capitalia | 1 | Latvia, Sweden, Lithuania | Seed, Debt Financing | Software, CAD, Apps |
| JOINT JOURNEY | 1 | United States, Russian Federation, United Kingdom | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Amazon Web Services | 1 | United States, Lebanon, United Kingdom | Grant, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Almaz Capital | 1 | United States, Russian Federation, Latvia | Series A, Series B | Software, Mobile, Internet |
| AdFirst.vc | 1 | United States, Russian Federation, Latvia | Seed, Pre-Seed, Series A | E-Learning, Mobile Apps, FinTech |
| Nikita Sergienko | 1 | Latvia | Angel | CAD, Software, Simulation |
| Miko Malberg | 1 | Latvia | Angel | CAD, Software, Simulation |
| Lauri Isotamm | 1 | Latvia, United States | Pre-Seed | Software, CAD, Music |
| Envac Group | 1 | Latvia | Pre-Seed | Waste Management, Internet of Things |
| Rein Raudjarv | 1 | Latvia | Angel | CAD, Software, Simulation |
| Louis Paulsen | 1 | Latvia | Angel | CAD, Software, Simulation |
| Andrej Jakovlev | 1 | Latvia | Pre-Seed | B2B, E-Commerce, Marketplace |
| Richard Frank | 1 | Latvia | Seed | iOS, Apps, VoIP |
| Lev Dolgatsjov | 1 | Latvia | Angel | CAD, Software, Simulation |
| Point Nine | 1 | Germany, United States, France | Seed, Series A, Series B | Software, SaaS, Internet |
| Swedbank | 1 | Sweden, Latvia, Finland | Post-IPO Debt, Debt Financing | Banking, Real Estate, FinTech |

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co