# Top 50 Software Startup Investors in Latvia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| FlyCap | 4 | Latvia, Estonia, The Netherlands | Seed, Debt Financing | Health Care, Consumer Goods, Medical |
| Uldis Sipols | 4 | Latvia | Seed, Angel, Pre-Seed | CAD, Software, Simulation |
| Sverre Bisgaard | 3 | Latvia | Pre-Seed | CAD, Software, Simulation |
| New Nordic Ventures | 3 | Latvia, Estonia, United States | Pre-Seed, Seed | Software, Machine Learning, Artificial Intelligence |
| Karma Ventures | 3 | Estonia, Sweden, Finland | Series A, Seed, Series B | Software, Artificial Intelligence, Information Technology |
| Povilas Urbonas | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Almaz Capital | 2 | United States, Russian Federation, Latvia | Series A, Series B | Software, Mobile, Internet |
| Indrikis Liepa | 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 |
| Base Ventures | 2 | United States, Canada, Latvia | Seed, Series A | Software, Mobile, E-Commerce |
| Lauris Liepa | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Imprimatur Capital Fund Management | 2 | Latvia, Finland, United Kingdom | Seed, Series A | Software, Music, Biotechnology |
| Capitalia | 2 | Latvia, Sweden, Lithuania | Seed, Debt Financing | Software, CAD, Apps |
| Practica Capital | 2 | Lithuania, United Kingdom, United States | Seed, Series A | Information Technology, Software, B2B |
| Nicolai Torgersen | 2 | Latvia | Pre-Seed | CAD, Software, Simulation |
| Marat Kichikov | 1 | United States, Canada, Latvia | Seed, Series A, Pre-Seed | Software, Education, Cryptocurrency |
| Elar Nellis | 1 | Latvia, Estonia, United States | Seed, Angel, Pre-Seed | Software, CAD, SaaS |
| SmartHub | 1 | United States, United Kingdom, Canada | Seed, Convertible Note, Series A | Internet, SaaS, Software |
| Angel Parn | 1 | Latvia | Angel | CAD, Software, Simulation |
| Mail.Ru Group | 1 | Russian Federation, United States, Cyprus | Seed, Series A | Social Media, Mobile Apps, Education |
| SMOK Ventures | 1 | Poland, United States, Ukraine | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Herman Kienhuis | 1 | The Netherlands, Finland, Denmark | Seed, Pre-Seed, Angel | Software, Information Technology, Internet |
| ZGI Capital | 1 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Consulting |
| Siena Capital | 1 | Estonia, Latvia | Seed, Pre-Seed, Convertible Note | CAD, Banking, FinTech |
| Harry Cheung | 1 | Latvia, United States | Seed | Apps, Drones, Internet |
| Vesna Investment | 1 | Latvia |  | EdTech, Internet, Education |
| Jay Zaveri | 1 | United States, Japan, Canada | Seed, Series A | Health Care, Biotechnology, Information Technology |
| EIT Digital | 1 | Italy, Spain, France | Grant, Seed, Pre-Seed | Software, Information Technology, Health Care |
| Taver Capital Partners | 1 | United States, India, Latvia | Seed, Series A | Artificial Intelligence, Machine Learning, Software |
| Richard Frank | 1 | Latvia | Seed | iOS, Apps, VoIP |
| Miko Malberg | 1 | Latvia | Angel | CAD, Software, Simulation |
| Sune Alstrup | 1 | Denmark, Sweden, France | Seed, Pre-Seed, Angel | Software, Artificial Intelligence, Computer Vision |
| Seraph Group | 1 | United States, Latvia, Taiwan | Seed, Series A, Series B | Software, Health Care, Analytics |
| Dean Dorrell | 1 | Australia, Latvia, United States | Seed, Series A, Series B | Financial Services, Artificial Intelligence, Software |
| Mamba | 1 | Latvia | Seed | Mobile Apps, Social Media, Social Network |
| Vinny Lingham | 1 | United States, South Africa, United Kingdom | Seed, Angel | Blockchain, Internet, Cryptocurrency |
| Davis Siksnans | 1 | Latvia | Seed | SaaS, Software |
| Chris Sang | 1 | United States, Australia, India | Seed, Pre-Seed, Series A | Software, E-Commerce, Mobile |
| AdFirst.vc | 1 | United States, Russian Federation, Latvia | Seed, Pre-Seed, Series A | E-Learning, Mobile Apps, FinTech |
| Social Discovery Group | 1 | United States, United Kingdom, China | Series A, Seed | Apps, Internet, Mobile |
| Rein Raudjarv | 1 | Latvia | Angel | CAD, Software, Simulation |
| Dan Bragiel | 1 | United States, Finland, Latvia | Seed, Series A, Series C | Software, Logistics, Mobile |
| Ratmir Timashev | 1 | United States, Latvia | Seed, Series A | Enterprise Software, Software, Information Technology |
| Alex Hofmann | 1 | Latvia | Seed | Mobile Apps, Social Media, Social Network |
| Lev Dolgatsjov | 1 | Latvia | Angel | CAD, Software, Simulation |
| Trind Ventures | 1 | Estonia, Finland, Latvia | Seed, Series A | Software, Information Technology, Analytics |
| Wistron Corporation | 1 | Taiwan, United States, Hong Kong | Seed, Series B, Series A | Artificial Intelligence, Software, Machine Learning |
| Lauri Isotamm | 1 | Latvia, United States | Pre-Seed | Software, CAD, Music |
| River Venture Partners | 1 | The Netherlands, Finland, Latvia | Seed, Angel, Pre-Seed | Internet, Software, SaaS |
| Einar Roosileht | 1 | Latvia | Seed | SaaS, Software |

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