# Top 20 Enterprise VC (Venture Capital) Funds in Latvia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| ZGI Capital | 6 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Consulting |
| 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 |
| European regional development fund (ERDF) | 2 | United Kingdom, Germany, France | Grant, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Amazon Web Services | 1 | United States, Lebanon, United Kingdom | Grant, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Mamba | 1 | Latvia | Seed | Mobile Apps, Social Media, Social Network |
| Smartup Ventures | 1 | Iran, Latvia, United Arab Emirates | Seed, Series A, Series B | Information Technology, E-Commerce, CRM |
| JOINT JOURNEY | 1 | United States, Russian Federation, United Kingdom | Seed, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| River Venture Partners | 1 | The Netherlands, Finland, Latvia | Seed, Angel, Pre-Seed | Internet, Software, SaaS |
| AdFirst.vc | 1 | United States, Russian Federation, Latvia | Seed, Pre-Seed, Series A | E-Learning, Mobile Apps, FinTech |
| Mail.Ru Group | 1 | Russian Federation, United States, Cyprus | Seed, Series A | Social Media, Mobile Apps, Education |
| Capitalia | 1 | Latvia, Sweden, Lithuania | Seed, Debt Financing | Software, CAD, Apps |
| Connect Ventures | 1 | United Kingdom, United States, Germany | Seed, Series A, Pre-Seed | Software, SaaS, FinTech |
| Swedbank | 1 | Sweden, Latvia, Finland | Post-IPO Debt, Debt Financing | Banking, Real Estate, FinTech |
| Superhero Capital | 1 | Finland, Estonia, Lithuania | Seed, Pre-Seed, Series A | Software, Information Technology, Internet |
| Almaz Capital | 1 | United States, Russian Federation, Latvia | Series A, Series B | Software, Mobile, Internet |
| Point Nine | 1 | Germany, United States, France | Seed, Series A, Series B | Software, SaaS, Internet |
| Vesna Investment | 1 | Latvia |  | EdTech, Internet, Education |
| Envac Group | 1 | Latvia | Pre-Seed | Waste Management, Internet of Things |
| Siena Capital | 1 | Estonia, Latvia | Seed, Pre-Seed, Convertible Note | CAD, Banking, FinTech |

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