# Top 15 Hardware VC (Venture Capital) Funds in Latvia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| ZGI Capital | 4 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Consulting |
| FlyCap | 4 | Latvia, Estonia, The Netherlands | Seed, Debt Financing | Health Care, Consumer Goods, Medical |
| Base Ventures | 2 | United States, Canada, Latvia | Seed, Series A | Software, Mobile, E-Commerce |
| Carthona Capital | 1 | Australia, United States, Latvia | Seed, Series A, Series B | Software, Financial Services, Artificial Intelligence |
| Wistron Corporation | 1 | Taiwan, United States, Hong Kong | Seed, Series B, Series A | Artificial Intelligence, Software, Machine Learning |
| pirate equity | 1 | Latvia, Poland, Lithuania | Convertible Note | Apps, Blockchain, Unified Communications |
| Taver Capital Partners | 1 | United States, India, Latvia | Seed, Series A | Artificial Intelligence, Machine Learning, Software |
| Seraph Group | 1 | United States, Latvia, Taiwan | Seed, Series A, Series B | Software, Health Care, Analytics |
| IT-Farm | 1 | United States, Japan, Germany | Seed, Series A | Software, Health Care, Information Technology |
| ZenStone Venture Capital | 1 | United States, Brazil, Canada | Series A, Seed, Series B | FinTech, Real Estate, Financial Services |
| The Untitled Venture Company | 1 | United States, Russian Federation, Latvia | Seed, Pre-Seed, Convertible Note | SaaS, Software, Information Technology |
| Visionplus | 1 | Finland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Internet |
| Angelsdeck Global Ventures | 1 | United States, Russian Federation, United Kingdom | Seed, Angel, Pre-Seed | Mobile Apps, Software, Education |
| EIT Digital | 1 | Italy, Spain, France | Grant, Seed, Pre-Seed | Software, Information Technology, Health Care |
| NuVX Capital | 1 | Russian Federation, United States, Malta | Seed, Pre-Seed | Machine Learning, Artificial Intelligence, Software |

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