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Top 50 SaaS Startup Investors in Latvia (May 2026)

The most active venture capital funds and angel investors investing in Latvia SaaS startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Latvia SaaS startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
ZGI Capital
VC Fund
7 Latvia, Estonia Seed, Debt Financing Manufacturing, Machinery Manufacturing, Consulting $54k–$959k
FlyCap
VC Fund
6 Latvia, Estonia, The Netherlands Seed, Debt Financing Health Care, Consumer Goods, Medical $54k–$2.8M
Uldis Sipols
Angel
4 Latvia Seed, Angel, Pre-Seed CAD, Software, Simulation
New Nordic Ventures
VC Fund
3 Latvia, Estonia, United States Pre-Seed, Seed Software, Machine Learning, Artificial Intelligence $214k–$1.1M
Karma Ventures
VC Fund
3 Estonia, Sweden, Finland Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $536k–$30M
Sverre Bisgaard
Angel
3 Latvia Pre-Seed CAD, Software, Simulation
Imprimatur Capital Fund Management
VC Fund
2 Latvia, Finland, United Kingdom Seed, Series A Software, Music, Biotechnology $246k–$5.4M
Almaz Capital
VC Fund
2 United States, Russian Federation, Latvia Series A, Series B Software, Mobile, Internet $1.6M–$40M
Nicolai Torgersen
Angel
2 Latvia Pre-Seed CAD, Software, Simulation
Lauris Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation
Indrikis Liepa
Angel
2 Latvia Pre-Seed CAD, Software, Simulation
Povilas Urbonas
Angel
2 Latvia Pre-Seed CAD, Software, Simulation
European regional development fund (ERDF)
VC Fund
2 United Kingdom, Germany, France Grant, Pre-Seed Software, Information Technology, Artificial Intelligence $27k–$2.1M
Base Ventures
VC Fund
2 United States, Canada, Latvia Seed, Series A Software, Mobile, E-Commerce $100k–$12M
Practica Capital
VC Fund
2 Lithuania, United Kingdom, United States Seed, Series A Information Technology, Software, B2B $170k–$23M
Capitalia
VC Fund
2 Latvia, Sweden, Lithuania Seed, Debt Financing Software, CAD, Apps $321k–$1.1M
Mamba
VC Fund
1 Latvia Seed Mobile Apps, Social Media, Social Network
Einar Roosileht
Angel
1 Latvia Seed SaaS, Software
Mail.Ru Group
VC Fund
1 Russian Federation, United States, Cyprus Seed, Series A Social Media, Mobile Apps, Education $500k–$11M
Wistron Corporation
VC Fund
1 Taiwan, United States, Hong Kong Seed, Series B, Series A Artificial Intelligence, Software, Machine Learning $500k–$18M
Microsoft for Startups
VC Fund
1 United States, India, Canada Seed, Grant Software, Information Technology, SaaS $16k–$280k
AdFirst.vc
VC Fund
1 United States, Russian Federation, Latvia Seed, Pre-Seed, Series A E-Learning, Mobile Apps, FinTech $100k–$3.9M
ZenStone Venture Capital
VC Fund
1 United States, Brazil, Canada Series A, Seed, Series B FinTech, Real Estate, Financial Services $500k–$35M
Davis Siksnans
Angel
1 Latvia Seed SaaS, Software
Alex Hofmann
Angel
1 Latvia Seed Mobile Apps, Social Media, Social Network
Richard Frank
Angel
1 Latvia Seed iOS, Apps, VoIP
Lauri Isotamm
Angel
1 Latvia, United States Pre-Seed Software, CAD, Music
Ratmir Timashev
Angel
1 United States, Latvia Seed, Series A Enterprise Software, Software, Information Technology
Chris Sang
Angel
1 United States, Australia, India Seed, Pre-Seed, Series A Software, E-Commerce, Mobile $200k–$22M
Amazon Web Services
VC Fund
1 United States, Lebanon, United Kingdom Grant, Pre-Seed Software, Information Technology, Artificial Intelligence $4k–$205k
Miko Malberg
Angel
1 Latvia Angel CAD, Software, Simulation
Chris Hulls
Angel
1 United States, Latvia Seed, Series A Apps, Drones, Mobile
Social Discovery Group
VC Fund
1 United States, United Kingdom, China Series A, Seed Apps, Internet, Mobile $1.1M–$12M
Sten Tamkivi
Angel
1 Estonia, United States, United Kingdom Seed, Pre-Seed, Series A Software, Financial Services, Artificial Intelligence $386k–$1M
Envac Group
VC Fund
1 Latvia Pre-Seed Waste Management, Internet of Things
Carthona Capital
VC Fund
1 Australia, United States, Latvia Seed, Series A, Series B Software, Financial Services, Artificial Intelligence $321k–$59M
SmartHub
VC Fund
1 United States, United Kingdom, Canada Seed, Convertible Note, Series A Internet, SaaS, Software $740k–$5M
Vesna Investment
VC Fund
1 Latvia EdTech, Internet, Education
Swedbank
VC Fund
1 Sweden, Latvia, Finland Post-IPO Debt, Debt Financing Banking, Real Estate, FinTech $107M–$429M
Toivo Annus
Angel
1 Singapore, United States, Estonia Seed, Series A E-Commerce, Software, FinTech $900k–$7M
SMOK Ventures
VC Fund
1 Poland, United States, Ukraine Seed, Pre-Seed Software, SaaS, Information Technology $54k–$2.1M
Taver Capital Partners
VC Fund
1 United States, India, Latvia Seed, Series A Artificial Intelligence, Machine Learning, Software $1M–$6M
EIT Digital
VC Fund
1 Italy, Spain, France Grant, Seed, Pre-Seed Software, Information Technology, Health Care $5k–$320k
Seraph Group
VC Fund
1 United States, Latvia, Taiwan Seed, Series A, Series B Software, Health Care, Analytics $600k–$20M
Konstantin Othmer
Angel
1 United States, Latvia, Australia Seed, Angel Internet, Photo Editing, Automotive $1M–$4.7M
Vinny Lingham
Angel
1 United States, South Africa, United Kingdom Seed, Angel Blockchain, Internet, Cryptocurrency $125k–$3.3M
Smartup Ventures
VC Fund
1 Iran, Latvia, United Arab Emirates Seed, Series A, Series B Information Technology, E-Commerce, CRM
Trind Ventures
VC Fund
1 Estonia, Finland, Latvia Seed, Series A Software, Information Technology, Analytics $214k–$6.9M
Jay Zaveri
Angel
1 United States, Japan, Canada Seed, Series A Health Care, Biotechnology, Information Technology $1M–$25M
Siena Capital
VC Fund
1 Estonia, Latvia Seed, Pre-Seed, Convertible Note CAD, Banking, FinTech
Access all 11 investors in Latvia SaaS startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

ZGI Capital
VC Fund · Riga, Riga, Latvia · 7 investments in Latvia SaaS 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, Consulting
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia

Investor stats

  • Total investments: 25
  • Round size: Seed $54k–$875k; Debt Financing $107k–$959k
  • Lead/follow: 92% lead, 8% follow
  • Last fund: May invest from a new fund soon — last raise in 2017

Portfolio highlights

  • eAgronom — eAgronom helps farmers generate additional revenue streams, improve soil quality, and access 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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FlyCap
VC Fund · Riga, Riga, Latvia · 6 investments in Latvia SaaS startups

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

  • Industry: Health Care, Consumer Goods, Medical
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Estonia, The Netherlands

Investor stats

  • Total investments: 29
  • Round size: Seed $54k–$2.8M
  • Lead/follow: 38% lead, 62% follow
  • Last fund: May invest from a new fund soon — raised $17M in 2013

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.
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Uldis Sipols
Angel · 4 investments in Latvia SaaS startups

Uldis Sipols

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

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
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New Nordic Ventures
VC Fund · Riga, Riga, Latvia · 3 investments in Latvia SaaS startups

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

  • Industry: Software, Machine Learning, Artificial Intelligence
  • Stage:Pre-Seed, Seed
  • Geography: Latvia, Estonia, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $350k–$1.1M; Pre-Seed $214k–$300k
  • Lead/follow: 57% lead, 43% follow

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 — RDA is an analytical tool that tracks data from rapid delivery e-grocery (Getir, Gopuff, UberEats etc.) and gathers key metrics across thousands of dark stores and micro fulfilment centres, giving FMCG brands real-time data and actionable insights. The e-grocery market has multiplied in light of the pandemic; however, there are still no detailedreports on the rapid grocery delivery market to give brands insights such as price variations, stock availability information, promotional activities data, and brands operate blindly and inefficiently in quick commerce and rapid grocery delivery apps. Our solution helps FMCG brands receive 360 analytics on rapid delivery services: sales, marketing, and strategy insights and, therefore, spend less and earn more.
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Karma Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 3 investments in Latvia SaaS startups

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

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Estonia, Sweden, Finland

Investor stats

  • Total investments: 36
  • Round size: Seed $536k–$4.3M; Series A $4.8M–$16M; Series B $3.2M–$30M
  • Lead/follow: 58% lead, 42% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.
  • DRUID — DRUID is an AI platform that allows companies to automate processes by designing and deploying UiPath RPA integrated chatbot virtual assistants.
  • Jobbatical — Jobbatical takes care of the entire relocation process for you. Just sit back and relax.
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Sverre Bisgaard
Angel · Oslo, Oslo, Norway · 3 investments in Latvia SaaS startups

Has built up and been the leader of Kongsberg Norspace in Horten, Norway and its predecessors over a period of more than 30 years, starting with AME space division in 1984. AME Space AS, a separate company created in 1986, became Alcatel Space Norway (ASN) in 1989 after an MBO in 1988. As MD lead ASN to an international leading position, developingand manufacturing satellite electronic products for satellite manufacturers world-wide, growing the company from 15 to 130 employees and sales exceeding 20 million Euros. Started Norspace, who took over the business of ASN when Alcatel closed ASN in 2003 following the satellite industry downturn in 2001-2002. After another successful build-up of Norspace over eight straight profitable years sold the company to Kongsberg in 2011. Retired from the position of CEO of Kongsberg Norspace end of March 2015.Kongsberg Norspace products are now (2015) found in over 200 satellites, mostly used for telecommunications.Presently engaged as board chairman, board member and investor in various companies.

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

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
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Imprimatur Capital Fund Management
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia SaaS startups

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

  • Industry: Software, Music, Biotechnology
  • Stage:Seed, Series A
  • Geography: Latvia, Finland, United Kingdom

Investor stats

  • Total investments: 6
  • Round size: Seed $246k–$536k; Series A $2.9M–$5.4M
  • Lead/follow: 17% lead, 83% follow

Portfolio highlights

  • Edurio — Edurio is England's leading stakeholder feedback platform for schools and multi-academy trusts.
  • Axial3D — Leading the way with the latest 3D imaging, models, and devices
  • Sonarworks — SoundID Reference software calibrates your speakers and studio headphones, so you can trust that every mix will translate.
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Almaz Capital
VC Fund · Portola Valley, California, United States · 2 investments in Latvia SaaS startups

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

  • Industry: Software, Mobile, Internet
  • Stage:Series A, Series B
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 91
  • Round size: Series A $1.6M–$17M; Series B $2.5M–$40M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • Alcatraz AI — The Rock is an all-in-one touchless biometric access control device that combines facial biometrics, AI, and machine learning for top-notch security.
  • marta — German Version below:marta offers a market place for families, people in need of care and European caregivers. We believe that, on the one hand everyone has the right to receive appropriate care and to age with dignity and on the other hand caregivers should be able to do their work under fair conditions.We are working on software solutions toconnect caregivers with families across Europe and we support both parties during the entire process. In our own families we have seen that the current market is characterized by non-transparent services and does not deliver adequate quality. It is out mission to change that.That is why we at marta pursue the goal of making things better by applying our software solutions to fundamentally rebuilding the "24-hour" care market.Deutsche Version:marta bietet einen Marketplatz für Familien, pflegebedürftige Menschen und europäische Pflegekräfte. Aus unserer Sicht, hat zum einen jede/r das Recht darauf, angemessene Pflege zu erhalten und in Würde zu altern und zum anderen sollten Pflegekräfte unter fairen Bedingungen ihre Arbeit machen können.Wir arbeiten an dem Bau von Softwarelösungen, um Pflegekräfte mit Familien in ganz Europa zu verbinden und während der Betreuung zu begleiten. In unseren eigenen Familien haben wir gesehen, dass der derzeitige Markt von intransparenten Dienstleistungen geprägt ist und keine angemessene Qualität liefert.Deswegen verfolgen wir bei marta das Ziel, es durch unsere Softwarelösungen besser zu machen und den Markt der "24-Stunden" Pflege grundlegend neu aufzubauen.
  • WORKERBASE — Agile manufacturing to increase production flexibility and ensure business continuity. Intelligent process execution for the connected worker to increase operational flexibility and reduce costs in Industry 4.0
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Nicolai Torgersen
Angel · 2 investments in Latvia SaaS startups

Nicolai Torgersen

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

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
Show all investments...

Lauris Liepa
Angel · 2 investments in Latvia SaaS startups

Lauris Liepa

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

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
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Indrikis Liepa
Angel · 2 investments in Latvia SaaS startups

Indrikis Liepa

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

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
Show all investments...

Povilas Urbonas
Angel · Odense, Syddanmark, Denmark · 2 investments in Latvia SaaS startups

Povilas Urbonas

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Pre-Seed
  • Geography: Latvia

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

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
Show all investments...

European regional development fund (ERDF)
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Latvia SaaS startups, 8 in the past 12 months

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

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Pre-Seed
  • Geography: United Kingdom, Germany, France

Investor stats

  • Total investments: 72
  • Round size: Grant $27k–$2.1M; Pre-Seed $43k–$359k
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Hilo EV — Hilo EV uses AI to scan its surroundings for hazards such as pedestrians and vehicles, and actively applies a number of functions to warn of the danger.
  • Crespect — Achieve harmony in legal practice
  • ProTec Group — ProTec Group operates as a specialist prototype to production part supplier. ProTec Group provide a completely integrated design-to-production service from 1off CNC machined, fabricated or 3D printed to Low volume prototype & production manufacturing techniques.
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Base Ventures
VC Fund · Berkeley, California, United States · 2 investments in Latvia SaaS startups

We founded Base Ventures to turn access into opportunity for investors, founders, and the next disruptive idea.

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Investment focus

  • Industry: Software, Mobile, E-Commerce
  • Stage:Seed, Series A
  • Geography: United States, Canada, Latvia

Investor stats

  • Total investments: 109
  • Round size: Seed $100k–$6.7M; Series A $150k–$12M
  • Lead/follow: 6% lead, 94% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

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 — Parade capacity management helps freight brokerages and 3PLs automate more of the booking process than ever before.
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Practica Capital
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 2 investments in Latvia SaaS startups

Practica Capital

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Investment focus

  • Industry: Information Technology, Software, B2B
  • Stage:Seed, Series A
  • Geography: Lithuania, United Kingdom, United States

Investor stats

  • Total investments: 82
  • Round size: Seed $170k–$1.7M; Series A $2.1M–$23M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

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.
  • AMLYZE — AMLYZE Risk Assessment Module is an automated customer AML/CFT Risk Assessment and Management feature for financial companies.
  • 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.
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Capitalia
VC Fund · Riga, Riga, Latvia · 2 investments in Latvia SaaS startups

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

  • Industry: Software, CAD, Apps
  • Stage:Seed, Debt Financing
  • Geography: Latvia, Sweden, Lithuania

Investor stats

  • Total investments: 6
  • Round size: Seed $321k–$1.1M
  • Lead/follow: 33% lead, 67% follow

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 is a Lithuanian company, which provides geospatial monitoring systems for helicopters, planes, UAVs, and terrestrial vehicles.
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Mamba
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia SaaS startups

Mamba is the number one Russian online dating service, which cooperates with major portals including Mail.Ru, Rambler and MSN.com and over 30,000 others. The company’s database holds over 18.6 million registered users, over 40% of which are active. Mamba primarily targets customers in Russia and the CIS and is also going to launch dating servicesabroad. The business model is centered on the “pay as you go” principle: the users are more inclined to pay for additional instant low cost services, rather than bigger monthly subscription. Company’s billing system is one of the largest in the world with more than 40 possible ways to pay for Mamba’s services. According to various estimates, Mamba controls about 85% of the market.

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Investment focus

  • Industry: Mobile Apps, Social Media, Social Network
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • F3 — F3 is a social discovery app to make new friends and communicate with existing ones.
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Einar Roosileht
Angel · 1 investments in Latvia SaaS startups

Oversees RSI product development and RSI’s European office. Co-founder of Oryx Gaming, an iGaming platform provider. Software architect with a particular emphasis on developing scalable systems such as industry-leading poker platforms.

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Investment focus

  • Industry: SaaS, Software
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hyperjob — Use AI to evaluate LinkedIn profiles. Craft individual messages with AI. Replace generic job descriptions with individual job microsites. Join other high-volume recruitment teams who have saved hours on every project.
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Mail.Ru Group
VC Fund · Leningradskiy, Chukot, Russian Federation · 1 investments in Latvia SaaS startups

Mail.ru Group was founded by Yuri Milner and is the largest Internet company in the Russian-speaking world. It is one of the largest Internet companies in Russia, and the world's seventh largest Internet business in terms of page views. Mail.ru Group operates two of the three largest Russian language social networking sites(Odnoklassniki.ru and Moi Mir@Mail.Ru), the two largest instant messaging networks in Russia (ICQ and Agent), Russia's leading email service, Russia's second largest Internet portal and Russia's largest online games company.Mail also holds strategic equity stakes of 32.49% in vKontakte, Russia's largest social networking site, and 25.09% in QIWI, formerly OE Investments, one of Russia's leading payment-processing companies. It also holds small minority stakes in Facebook, Zynga and Groupon.

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Investment focus

  • Industry: Social Media, Mobile Apps, Education
  • Stage:Seed, Series A
  • Geography: Russian Federation, United States, Cyprus

Investor stats

  • Total investments: 30
  • Round size: Seed $500k–$3.9M; Series A $1M–$11M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Uchi.ru — Uchi.ru offers online courses for school students.
  • O2O Holdings — Formed by a JV between Sberbank and Mail.ru Group, provides an O2O services platform focusing on key areas of food and transportation.
  • AliExpress Russia — AliExpress Russia is a leading cross-border and domestic e-commerce platform in Russia.
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Wistron Corporation
VC Fund · Taipei, T'ai-pei, Taiwan · 1 investments in Latvia SaaS startups

Wistron Corporation, an original design manufacturer, provides a range of design, manufacturing, and after-sales service support functions for information and communication technology products worldwide. The company's product portfolio covers various technology products, including notebook personal computers (PCs), mobile communicationproducts, servers and storage systems, networking products, desktop PCs, LCD TVs, information appliances, game consoles, and other consumer electronics. Its after-sales services include product replacement, repair and support, and product support solutions, both for products it manufactures and for products produced by other manufacturers. The company sells its products to various vendors who distribute these products under their own brands. Wistron Corporation was founded in 2001 and is headquartered in Taipei, Taiwan.

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Investment focus

  • Industry: Artificial Intelligence, Software, Machine Learning
  • Stage:Seed, Series B, Series A
  • Geography: Taiwan, United States, Hong Kong

Investor stats

  • Total investments: 23
  • Round size: Seed $500k–$7M; Series A $4.3M–$6.6M; Series B $3M–$18M
  • Lead/follow: 57% lead, 43% follow

Portfolio highlights

  • Aiello — Our AI Assistant, specially created for the hotel industry, uses voice and Machine learning base NLP technology to create new interactions with guests and provide enhanced services. With data-driven back-end services, our assistant provides valuable insights for hotels to better understand their guests and streamline their operations.
  • NEUCHIPS — NEUCHIPS is an AI ASIC solution that provides deep learning inference accelerators to deliver the lowest TCO for data centers. Their management and R&D team has decades of experience from leading semiconductor companies and hold patents in signal processing, neural networks, and circuit design.NEUCHIPS is a founding member of MLCommons andone of the founding members of the OCP community.
  • Princeton NuEnergy — Princeton NuEnergy is a clean-tech startup focused on the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. Its patented Direct Battery Recycling technology to produce high-quality and high value-added cathode active materials with low operating cost from spent lithium-ion batteries and delivers sustainableenergy and environmental solutions.
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Microsoft for Startups
VC Fund · Redmond, Washington, United States · 1 investments in Latvia SaaS startups, 11 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

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Grant
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 69
  • Round size: Seed $20k–$280k; Grant $16k–$150k
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • UniPay — UniPay is an eCommerce platform for infrastructure and industry-lacking regions that offers 5 products that enable trust, promote transparency, and enforce accountability.
  • NotJustEvent — NotJustEvent stands at the forefront of innovation as a comprehensive event platform transforming the event planning and management landscape, utilizing advanced technologies and offering a versatile suite of services. We seamlessly link event organizers, vendors, performers, and attendees within our dynamic ecosystem. Our platform elevates theevent planning process by providing an array of high-quality event-related services, such as venue rentals, catering, ticketing, decorations, and more.
  • Emission Sentri — Drive emission management and reduction with insights
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AdFirst.vc
VC Fund · Limassol, Limassol, Cyprus · 1 investments in Latvia SaaS startups

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

  • Industry: E-Learning, Mobile Apps, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Russian Federation, Latvia

Investor stats

  • Total investments: 12
  • Round size: Seed $100k–$3.9M
  • Lead/follow: 17% lead, 83% follow

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.
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ZenStone Venture Capital
VC Fund · Santa Clara, California, United States · 1 investments in Latvia SaaS startups

Introduction of the investment thesis of ZenStone Venture Capital: Investing in passionate founders with extraordinatry vision and execution at post seed and early venture stages.

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Investment focus

  • Industry: FinTech, Real Estate, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, Brazil, Canada

Investor stats

  • Total investments: 41
  • Round size: Seed $500k–$2.9M; Series A $3M–$22M; Series B $3M–$35M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Bolt — Bolt makes Ecommerce better with One-Click Checkout and CheckoutOS. See how Bolt checkout boosts your sales today.
  • EquityZen — EquityZen's mission is to improve the way startup employees are paid by unlocking the value of their equity compensation in a way that benefits all key players: the shareholder, the company, and the investor.
  • DecorMatters — Discover home decor ideas and interior design inspiration. Shop your favorite furniture stores and socialize with other interior designers.
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Davis Siksnans
Angel · 1 investments in Latvia SaaS startups

Davis currently is a Senior Advisor and Investor at Draugiem Capital, Board Member at Mapon, a car fleet management company, and an investor/board member at Prime Prometics, a beauty brand for women over 50. Previously Davis was a co-founder and ex-CEO of Printful, a print-on-demand and warehousing company for online stores and the firstLatvian unicorn company. Printful prints t-shirts and 400+ other products for online ecommerce stores and drop ships them to end customers.With over $83.7 million invested in equipment, we use industry-leading tech to fulfill more than 1 million items every month. Since our founding in 2013, Printful has scaled to a team of 1,700+ people and did $289 million in revenue in 2021. Printful has 10 fulfillment centers in the USA, Canada, Europe, and Mexico, and 7 partner facilities in Japan, Australia, and Brazil.

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Investment focus

  • Industry: SaaS, Software
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Hyperjob — Use AI to evaluate LinkedIn profiles. Craft individual messages with AI. Replace generic job descriptions with individual job microsites. Join other high-volume recruitment teams who have saved hours on every project.
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Alex Hofmann
Angel · Los Angeles, California, United States · 1 investments in Latvia SaaS startups

Hofmann most recently held the role of musical.ly’s President in North America, where he led expansion efforts to build the world’s fastest growing entertainment social network. Within three months of Hofmann joining the team, app downloads increased from 200 to 400,000 per day. musical.ly hit the top of the app chats in 21 countries and has grownto over 200 million users globally.During his time at musical.ly, Hofmann helmed the company’s global content, brand, entertainment, and talent partnerships, in addition to heading all corporate functions for North and South America. He oversaw the closure of deals with all three major music labels and publishers. Under his leadership, the company closed its largest product partnership with Apple Music, as well as original content partnerships with Viacom, NBCU, and Hearst Digital. Hofmann also orchestrated partnerships with top artists like Bruno Mars, Katy Perry, Ariana Grande, Selena Gomez, Jason Derulo and 250+ other artists worldwide.In early 2018, Hofmann announced he was moving on from musical.ly to pursue new ventures following the company’s successful merger with Chinese tech giant, Bytedance. He is currently investing in and advising new startups. He remains an ally and advisor to musical.ly. In 2017, Hofmann was chosen by Variety as one of “30 Execs to Watch” for its Digital Entertainment Impact Report and featured by Billboard on its Digital Power Players List: Guiding the Future in Music and Tech. Most recently, he accepted the WSJ Technology Innovator Award. A German native, Hofmann currently resides in Los Angeles.

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Investment focus

  • Industry: Mobile Apps, Social Media, Social Network
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • F3 — F3 is a social discovery app to make new friends and communicate with existing ones.
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Richard Frank
Angel · Watford, Hertford, United Kingdom · 1 investments in Latvia SaaS startups

Richard Frank

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Investment focus

  • Industry: iOS, Apps, VoIP
  • Stage:Seed
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Roamer — Roamer is the first mobile app that links your regular mobile number to a foreign SIM and saves up to 97% on roaming charges for calls and data. It keeps your usual number when traveling abroad and uses cellular, not WiFi.
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Lauri Isotamm
Angel · 1 investments in Latvia SaaS startups

Lauri Isotamm

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Investment focus

  • Industry: Software, CAD, Music
  • Stage:Pre-Seed
  • Geography: Latvia, United States

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

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
  • FanSifter — FanSifter is a fan data management platform that leverages machine learning to help rights holders in music, entertainment, and sports increase tickets, music, merch, experiences, and sponsorships sales.
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Ratmir Timashev
Angel · Greenwich, Connecticut, United States · 1 investments in Latvia SaaS startups

Ratmir Timashev possesses a rare combination of proven business savvy, forward-looking technical knowledge and market vision. Ratmir brings to bear more than 20 years of entrepreneurial experience building, advising and investing in successful technology companies. As Veeam Software’s Co-Founder and Senior Vice President, Marketing and CorporateDevelopment Mr. Timashev is responsible for strategy and process execution on acquisitions and investments to expand Veeam’s total addressable market (TAM) as well as to build and lead the Veeam Global Marketing Organization in executing the marketing plan and strategy.In 1997, he founded Aelita Software, provider of award-winning Windows Server systems management software. In 2004, Aelita was acquired by Quest Software, and after ensuring the successful continuation of Aelita’s products and strategy at Quest, Ratmir founded Veeam Software to provide similar systems management solutions for modern virtualized data center infrastructures. Over the last decade, Ratmir’s vision and drive has seen Veeam to become one of the largest private software companies in the world with revenue booking projected to reach $1 Biillon in 2018 and 3,000 employees worldwide. Veeam has become the leader and the innovative provider of data management and protection by creating a new market category of Availability for the Always-On Enterprise.Ratmir earned a master’s degree in Chemical Physics from the Ohio State University in 1995. He continues to share his knowledge and ideas to fuel innovative IT solutions around the world.

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Investment focus

  • Industry: Enterprise Software, Software, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Acure.io — Easy quality control of digital services, interfaces and customer experience (UX). Improved performance and reliability of digital services. Reduced Mean Time to Restoration and root cause analysis. Reduced human factor and manual labor.
  • Revenue Grid — Revenue Grid is a revenue intelligence platform that helps improve sales performance and shifts your CRM from the "view mode" to the "do mode"
  • 5nine Software — Acronis Cloud Manager provides advanced monitoring, management, migration, and recover for Microsoft Cloud environments of all shapes and sizes.
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Chris Sang
Angel · Sydney, New South Wales, Australia · 1 investments in Latvia SaaS startups

Managing Partner, Chief Technology Officer, Venture Advisor, Global Investor

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Investment focus

  • Industry: Software, E-Commerce, Mobile
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Australia, India

Investor stats

  • Total investments: 83
  • Round size: Seed $200k–$4.5M; Pre-Seed $540k–$800k; Series A $2.5M–$22M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • REZA — Footwear & Apparel Brand
  • Segna — Extract trends across your users. Build products that they love.
  • Anility — Embed financial health insights within your application using our world leading API service
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Amazon Web Services
VC Fund · Seattle, Washington, United States · 1 investments in Latvia SaaS startups, 13 in the past 12 months

Amazon Web Services provides information technology infrastructure services to businesses in the form of web services. Its products and solutions include cloud computing, compute, networking, storage and content delivery, databases, analytics, application services, deployment and management, mobile services, applications, AWS marketplace software,startups, enterprises, partners, government and education, websites and web applications, big data and HPC, gaming, and digital media as well as backup, storage, and archive. The company also provides AWS management console, documentation, SDKs and tools, downloads, platforms, Java, JavaScript, mobile, PHP, Ruby, Python, Windows, .NET, resources, forums, tutorials and articles, whitepapers, training and certification, and AWS user groups for developers. In addition, it offers compute, storage, database, analytics, application, and deployment services; and mobile services, websites, and backup and recovery services. Amazon Web Services serves the government, education, and non-profit sectors in North America, South America, Europe, Africa, Asia Pacific, and internationally. Amazon Web Services was founded in 2006 and is based in Seattle, Washington. It has data center locations in the United States, Europe, Brazil, Singapore, Japan, and Australia. It operates as a subsidiary of Amazon.com Inc.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Grant, Pre-Seed
  • Geography: United States, Lebanon, United Kingdom

Investor stats

  • Total investments: 74
  • Round size: Grant $6k–$200k; Pre-Seed $4k–$205k
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Siriusnet Institute — PoR Esports Blockchain
  • FlitchCoin — Flitchcoin:way to make passive income equivalent to profitable traders with investment products, borrow, lend, stake & earn via our Risk Distribution infrastructure
  • Reefreshed — Reefreshed Instantly Provides Goods & Services With Delivery Within Minutes.Grocery & Essentials Delivered In Less Then A Hour.
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Miko Malberg
Angel · 1 investments in Latvia SaaS startups

Miko Malberg

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Investment focus

  • Industry: CAD, Software, Simulation
  • Stage:Angel
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

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
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Chris Hulls
Angel · Berkeley, California, United States · 1 investments in Latvia SaaS startups

Chris is the cofounder and CEO of Life360. Before doing the whole startup thing, he did a stint in banking at Goldman Sachs and spent a few years in the Air Force. He went to college at UC Berkeley, and was about to start class at Harvard Business School when he had a last minute change of heart and decided to pioneer the trend of being an ivyleague pre-dropout. In his time off, Chris likes to do anything that involves machines that move--like building drones, driving cars, flying planes, and piloting hovercraft. He is also widely credited with coining the term App Store Optimization.

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Investment focus

  • Industry: Apps, Drones, Mobile
  • Stage:Seed, Series A
  • Geography: United States, Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Tile — Tile Bluetooth trackers help you find your keys, wallet, phone and everything that matters. Join the world's largest lost and found community and never lose anything again.
  • Adgile Media Group — Adgile Media Group is the nation’s leading tech-enabled, data-driven out-of-home media company
  • Airdog — We build smart robots that bring unprecedented value to its owners.
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Social Discovery Group
VC Fund · New York, New York, United States · 1 investments in Latvia SaaS startups

Social Discovery Group is the world's largest group of social discovery companies. It unites more than 40 brands, an investment fund and a venture studio.

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Investment focus

  • Industry: Apps, Internet, Mobile
  • Stage:Series A, Seed
  • Geography: United States, United Kingdom, China

Investor stats

  • Total investments: 33
  • Round size: Seed $1.1M–$4M; Series A $2M–$12M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • My NFT Wars — My NFT Wars is an innovative open-market collectible game with a strong emphasis on RPG and strategy elements. Collect heroes and build your strategy for victory in PVP and PVE battles. Join the world, full of the never-ending struggle for resources, territorial conquest, and political domination.
  • Woebot Health — Woebot Health has created relational technologies that underpin a new generation of digital therapeutics and tools for mental health. The company’s proprietary relational agent, Woebot, is capable of quickly forming a bond with users and delivering human-like therapeutic encounters that are psychologically related, responsive to a person’s dynamicstate of health, and targeted using multidisciplinary tools. Woebot is at the heart of the company’s AI-powered platform and the foundation for digital therapeutics and tools that seamlessly integrate within health ecosystems and solve for gaps along the health care journey. The company is headquartered in San Francisco and is funded in part by venture capital firms New Enterprise Associates (NEA), Jazz Venture Partners L.P., Temasek, Owl Ventures, and BlackRock Private Equity Partners with participation from Andrew Ng’s AI Fund.
  • Zhonghui Laser — Zhonghui Laser is an emerging technology company dedicated to the development and manufacture of advanced lasers.
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Sten Tamkivi
Angel · San Francisco, California, United States · 1 investments in Latvia SaaS startups

Sten Tamkivi is the Chief Product Officer at Topia (formerly MOVE Guides). He was previously co-founder and CEO of Teleport (acquired by Topia), the place to scout for startup people. He co-founded the company as an EIR at Andreessen Horowitz.Sten has been a tech entrepreneur since 1996. After founding a few companies in Estonia, he joined Skypeas an early executive, ran the original R&D office, and held several global product leadership roles for 8+ years.He has an MS in Management from Stanford GSB.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 33
  • Round size: Seed $386k–$1M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • Katana — Katana gives thousands of manufacturers a live look at their business with visual, intuitive, and easy-to-use ERP software.
  • Entrepreneur First — We are the best place for the world's most ambitious talent to come together and build game-changing technology startups from scratch.
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Envac Group
VC Fund · Stockholm, Stockholms Lan, Sweden · 1 investments in Latvia SaaS 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: no public data

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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Carthona Capital
VC Fund · Sydney, New South Wales, Australia · 1 investments in Latvia SaaS startups

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

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Seed, Series A, Series B
  • Geography: Australia, United States, Latvia

Investor stats

  • Total investments: 89
  • Round size: Seed $321k–$3M; Series A $2.2M–$16M; Series B $7M–$59M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Josef — Automate lawyer-client conversations, document drafting and providing legal services. Josef is a software platform with a chatbot interface.
  • Pathzero — Pathzero's carbon management platform enables any business to start disclosing corporate carbon emissions and the actions being taken to address them.
  • SafeStack — SafeStack Academy is the New Zealand online cyber security, privacy and secure development training company.
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SmartHub
VC Fund · San Francisco, California, United States · 1 investments in Latvia SaaS startups

SmartHub is a funding and service platform which connects the best start ups to investors, and supports at every investments.Service solutions for investors – tailor made venture portfolios: focused pipeline, extensive analysis and research of investment options, deal structuring, legal paper work, quarterly reporting, investment rightsprotection till exit.Service solutions for startups – fast communications and feedback, mutually beneficial deal making, strategic development support, networking and consulting at fundraising stage.

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Investment focus

  • Industry: Internet, SaaS, Software
  • Stage:Seed, Convertible Note, Series A
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 42
  • Round size: Seed $740k–$5M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • TransferGo — Send & receive money from over 30 countries with TransferGo, either online or through our app. Transfer money at low cost, quickly & safely.
  • Damon Motors — Damon is unleashing the full potential of personal mobility for the world’s commuters. With its proprietary electric drivetrain, the company has developed the world’s safest, smartest, fully connected electric motorcycle platform employing radical innovations in battery propagation resistance, sensor fusion and AI. Designed as a platform forworldwide line extension, Damon motorcycles will ship direct to consumer on subscription plans to drive scale. Based in Vancouver, Canada, Damon is a Techstars Mobility company founded by serial entrepreneurs Jay Giraud and Dom Kwong. Damon’s investors include Round 13 Capital, Techstars, Fontinalis, Extreme Venture Partners and Pallasite Ventures.
  • EWA Learn — Start learning English, French and Spanish with EWA: conversational vocabulary, interactive exercises, modern examples and fun tasks are waiting for you!
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Vesna Investment
VC Fund · Moscow, Moscow City, Russian Federation · 1 investments in Latvia SaaS startups

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

  • Industry: EdTech, Internet, Education
  • Geography: Latvia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

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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Swedbank
VC Fund · Vilnius, Vilniaus Apskritis, Lithuania · 1 investments in Latvia SaaS startups

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

  • Industry: Banking, Real Estate, FinTech
  • Stage:Post-IPO Debt, Debt Financing
  • Geography: Sweden, Latvia, Finland

Investor stats

  • Total investments: 14
  • Round size: Post-IPO Debt $107M–$429M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Yabie — Yabie's Payment and POS systems take the effort out of selling. It's the most intuitive, hassle-free and mobile way of interacting with your customers and making a sale.
  • Kojamo Group — Kojamo plc will focus on real estate investments in Finland, renewing rental housing to make it increasingly attractive by developing new types of homes and services. The solutions promote work-related mobility in urbanising Finland, increase well-being and help preserve the environment. The vision of the housing investment company is to be apioneer in housing and the customer’s number-one choice.
  • Exeger — We invent, engineer, and provide world-changing technologies to improve everyday life.
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Toivo Annus
Angel · Tallinn, Harjumaa, Estonia · 1 investments in Latvia SaaS startups

Active individual investor in flying drones, also looking at payments and ecommerce.

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Investment focus

  • Industry: E-Commerce, Software, FinTech
  • Stage:Seed, Series A
  • Geography: Singapore, United States, Estonia

Investor stats

  • Total investments: 37
  • Round size: Seed $900k–$7M; Series A $2.3M–$6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Salv — Smart AML solutions. Detect and mitigate money laundering risks through advanced transaction monitoring, sanction screening, and KYC risk scoring.
  • Enview — Enview offers the next generation of Geospatial Analytics Software and GEOINT technology for energy companies and governments to protect their critical infrastructure.
  • GOSU Data Lab — Try the World`s first game voice assistant to master the game effortlessly. Learn more - how it works and how can it help you.
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SMOK Ventures
VC Fund · Warsaw, Mazowieckie, Poland · 1 investments in Latvia SaaS startups, 8 in the past 12 months

Bridging Silicon Valley to CEE

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Poland, United States, Ukraine

Investor stats

  • Total investments: 35
  • Round size: Seed $107k–$2.1M; Pre-Seed $54k–$536k
  • Lead/follow: 56% lead, 44% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Nethica — Marketplace for truly sustainable fashion
  • Workee — Workee is a software platform that builds business for freelancers. Scale and autopilot business routing as bookings, payments, client, and work management.
  • Masthead Data — Identify and fix data errors before they impact the business. Masthead gives data teams and data users full confidence in data quality for decision-making.
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Taver Capital Partners
VC Fund · Wilmington, Delaware, United States · 1 investments in Latvia SaaS startups

Taver Capital is a venture fund that invests in early stage artificial intelligence companies from around the world.

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Investment focus

  • Industry: Artificial Intelligence, Machine Learning, Software
  • Stage:Seed, Series A
  • Geography: United States, India, Latvia

Investor stats

  • Total investments: 26
  • Round size: Seed $1M–$3.5M; Series A $1M–$6M
  • Lead/follow: 23% lead, 77% follow

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
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EIT Digital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Latvia SaaS startups

EIT Digital is a leading European open innovation organisation. Our mission is to foster digital technology innovation and entrepreneurial talent for economic growth and quality of life in Europe. We bring together entrepreneurs from a partnership of over 130 top European corporations, SMEs, start-ups, universities and research institutes.EITDigital invests in strategic areas to accelerate the market uptake of research-based digital technologies and to bring entrepreneurial talent and leadership to Europe. Our innovation and education activities are organised in and around our co-location centres, where students, researchers, engineers, business developers and entrepreneurs come together to drive the digitalisation of society.EIT Digital is a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT). Since 2010, EIT Digital is consistently mobilising talents, ideas, technologies, investments and business across Europe and beyond to stimulate disruptive digital innovation. The headquarter is in Brussels with co-location centres in Berlin, Eindhoven, London, Helsinki, Paris, Stockholm, Trento, as well as in Budapest and Madrid.The Strategic Innovation Agenda 2014-2016 "Blended Life in a Connected World" is available for download in the Publications section.

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Italy, Spain, France

Investor stats

  • Total investments: 12
  • Round size: Grant $39k–$268k; Pre-Seed $5k–$320k
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Restimo — Restimo develops a system that enables customers to pay for their own meals in restaurants.
  • W•SENSE — W•SENSE is a telecommunications company that specializes in underwater monitoring and communication systems based on IoUT solutions.
  • Multiverse Computing — World leaders in quantum computing for the financial industry. The first quantum & quantum-inspired toolbox for finance.
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Seraph Group
VC Fund · Foster City, California, United States · 1 investments in Latvia SaaS startups

Seraph Group invests and shares exclusive, early-stage investment opportunities.

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Investment focus

  • Industry: Software, Health Care, Analytics
  • Stage:Seed, Series A, Series B
  • Geography: United States, Latvia, Taiwan

Investor stats

  • Total investments: 61
  • Round size: Seed $600k–$3.2M; Series A $1.6M–$12M; Series B $2.7M–$20M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $3.6M in 2014

Portfolio highlights

  • Natilus — Natilus is a large scale drone manufacturing company. The company specializes in the manufacturing of Boeing 747 sized drones which provides inter-continental cargo delivery services and helps in reducing air freight costs. Natilus was founded by LZ Zhang, Anatoly Starikov and Aleksey Matyushev in 2016.First flight of their 2200 lbs / 30 ftdrone is scheduled for Summer 2018. At the end of 2018, Natilus completed a flight test of their 2200 lbs prototype.The first production vehicle scheduled for 2020 customer delivery underwent wind tunnel testing in April, 2019. Natilus currently holds an aircraft order book rumored to be in excess of $1B+.
  • Autio — HearHere is a travel audio app that shares the depth and diversity of stories - cultural, geographical, historical, and mythological.
  • IMTC — IMTC's investment management technology simplifies fixed income portfolio management & optimization for better, faster decisions. Learn more.
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Konstantin Othmer
Angel · Mountain View, California, United States · 1 investments in Latvia SaaS startups

Konstantin Othmer is the Co Founder & CEO at Speechpad.

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Investment focus

  • Industry: Internet, Photo Editing, Automotive
  • Stage:Seed, Angel
  • Geography: United States, Latvia, Australia

Investor stats

  • Total investments: 13
  • Round size: Seed $1M–$4.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Spiden — SPIDEN - Products that enable real-time and continuous monitoring of blood biomarkers for treatment of critical and high-risk patients.
  • Web3 Pro — The easiest onramp to Web3 for Enterprises with our leading white-label products. Engage consumers with NFT PRO. Establish your brand presence in digital worlds with GEER. Leverage the power of NFRs across your business with NAAS.
  • Blockfolio — Blockfolio offers mobile portfolio tracking and management for the cryptocurrency and blockchain industry.Blockfolio is the network for mobile cryptocurrency portfolio tracking and management. Millions of people trust Blockfolio to stay connected to the pulse of the industry through market data, news, and direct updates from leaders of top cryptoprojects. Blockfolio is committed to providing free access to our users and token team partners.
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Vinny Lingham
Angel · San Francisco Bay Area, California, United States · 1 investments in Latvia SaaS startups

Vinny Lingham is Co-Founder & CEO at Civic. He was the founder and CEO of Gyft, a mobile gift card app that allows customers to buy, store, send and redeem gift cards conveniently from their mobile device. He is also the founder of Yola.com, a web development and hosting company that enables users without prior programming knowledge to developwebsites. Vinny is the recipient of numerous awards, including Top Young ICT Entrepreneur in Africa (2006) and was also a finalist for Men’s Health Best Man (2009) and ICT Personality of the Year in South Africa (2008). He also previously founded Clicks2Customers, which also won the Top Technology Company award in South Africa in 2006. He has previously served on marketing advisory boards for Nasdaq listed Valueclick and Yahoo, was also selected as an Endeavor “High Impact Entrepreneur” in 2006. Vinny studied a B.Com (Information Systems) at the University of Cape Town.

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Investment focus

  • Industry: Blockchain, Internet, Cryptocurrency
  • Stage:Seed, Angel
  • Geography: United States, South Africa, United Kingdom

Investor stats

  • Total investments: 34
  • Round size: Seed $600k–$3.3M; Angel $125k–$500k
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • TipLink — TipLink helps send crypto with a link. Someone with crypto can create a account and send that link to anyone over any platform. It’s like buying a gift card, connect the client's crypto wallet of choice and create a account by depositing how much they want to send.
  • Afterparty — Your favorite creators are here! Get 1 on 1 unfiltered experiences with creators through Afterparty livestreams or chat 24/7 through AI powered conversations
  • Collectibles.com — Collectibles.com is a Web3 community and marketplace for collectors and the worldwide collectibles sector.
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Smartup Ventures
VC Fund · Tehran, Tehran, Iran · 1 investments in Latvia SaaS startups

Smartup Ventures is a venture capital, a company that creates value by helping businesses grow faster. We create ventures by joining forces with everyone who shares our values and ambitions. By building strong partnerships with entrepreneurs, talents, business developers, angel investors, and venture investors.

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Investment focus

  • Industry: Information Technology, E-Commerce, CRM
  • Stage:Seed, Series A, Series B
  • Geography: Iran, Latvia, United Arab Emirates

Investor stats

  • Total investments: 14
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Landin — With landin, you can easily create your landing pages And convert click to customers
  • Vindad — We help Businesses manage their legal needs by providing access to everything they need to start and run their business, including blogs and legal guides, over 50 legal and commercial documents.
Vanda Legal forms are common business legal documents that range from Investment, trademark, incorporation, NDAs, and Human resources. There is simplestep-by-step instructions help businesses customize documents for their specific needs. And to be sure it's done right; they can have their document reviewed by an attorney from our hand-picked network.
  • Salam Sakhteman — A platform that connects home-owners and builders to qualified service professionals such as painters, carpenters, electricians, etc.
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Trind Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 1 investments in Latvia SaaS startups

Trind Ventures is an early stage VC fund based in Tallinn, Estonia. Investing in start-ups across Europe, from seed rounds all the way to sustainability, with a focus on ICT. Trind Ventures partners are Joel Aasmäe, Ivar Siimar, Kimmo Irpola and Taavi Lepmets.

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Investment focus

  • Industry: Software, Information Technology, Analytics
  • Stage:Seed, Series A
  • Geography: Estonia, Finland, Latvia

Investor stats

  • Total investments: 20
  • Round size: Seed $214k–$4.8M; Series A $5.4M–$6.9M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
  • eAgronom — eAgronom helps farmers generate additional revenue streams, improve soil quality, and access better financing.
  • My Telescope — My Telescope is the Share of Search analytics tool marketers use to track campaigns and build data-driven branding strategies.
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Jay Zaveri
Angel · San Francisco Bay Area, California, United States · 1 investments in Latvia SaaS startups

Jay Zaveri has been serving Social Capital as a partner since November 2015. He also founded CloudOn and Future Thought Productions.

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Investment focus

  • Industry: Health Care, Biotechnology, Information Technology
  • Stage:Seed, Series A
  • Geography: United States, Japan, Canada

Investor stats

  • Total investments: 58
  • Round size: Seed $1M–$4M; Series A $3M–$25M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Cleerly — Cleerly is a healthcare company whose mission is to create digital care pathways to prevent heart attacks. The company develops a new standard for coronary artery disease by integrating quality clinical science with the latest-generation AI, in order to offer actionable clinical insights to every stakeholder in the heart care pathway.Throughthese data-driven solutions, the company aims to provide a comprehensive solution for cardiovascular disease evaluation that offers value to the healthcare system and improves heart health for patients at risk of heart attacks.
  • BitClout — BitClout is a platform owned by its users. Bitcoin is decentralizing money, BitClout is decentralizing social media.
  • Kingdom Supercultures — Kingdom Supercultures create microbial cultures that help food manufacturers to create new foods with boosted benefits. It re-assembles nature's microbes into new combinations, creating plant-based foods that taste like dairy, low-alcohol beverages with full flavor, and natural preservatives that work as well as artificial ones.They workwith clients across diverse industries including food, beverage, personal care, beauty, and more. Their technology comprises an expansive biobank of GRAS microbial strains, high-resolution strain characterization, and new algorithms for predicting and assembling microbial communities.
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Siena Capital
VC Fund · 1 investments in Latvia SaaS startups

Siena is a VC firm mainly investing in startups in Estonia and California

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Investment focus

  • Industry: CAD, Banking, FinTech
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Estonia, Latvia

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — raised $54M in 2021

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.
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SaaS Investor funding in Latvia at a glance

Stats across 14 deals from 11 investors.

11
investors
in Latvia SaaS startups
14
deals
in Latvia SaaS startups
$26k
median round
in Latvia SaaS startups
36%
lead investors
lead at least one round
29%
Pre-Seed
most common funding stage
82/18
VC / Angel
share of investor count

Access all 11 investors in Latvia SaaS startups.

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