# Top 50 VC (Venture Capital) Funds in Latvia in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| ZGI Capital | 23 | Latvia, Estonia | Seed, Debt Financing | Manufacturing, Machinery Manufacturing, Consulting |
| FlyCap | 18 | Latvia, Estonia, The Netherlands | Seed, Debt Financing | Health Care, Consumer Goods, Medical |
| EstBAN | 4 | Estonia, Latvia, Lithuania | Seed, Pre-Seed, Angel | Software, Information Technology, EdTech |
| Imprimatur Capital Fund Management | 4 | Latvia, Finland, United Kingdom | Seed, Series A | Software, Music, Biotechnology |
| 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 |
| Superangel | 3 | Estonia, United States, Finland | Seed, Pre-Seed, Series A | Artificial Intelligence, Software, FinTech |
| Inventure | 2 | Finland, Sweden, Denmark | Seed, Series A | Software, Information Technology, Health Care |
| Practica Capital | 2 | Lithuania, United Kingdom, United States | Seed, Series A | Information Technology, Software, B2B |
| Qiming Venture Partners USA | 2 | United States, China, Latvia | Series A, Series B, Seed | Biotechnology, Health Care, Pharmaceutical |
| Abingworth | 2 | United States, United Kingdom, Switzerland | Series B, Series A, Series C | Biotechnology, Health Care, Pharmaceutical |
| Almaz Capital | 2 | United States, Russian Federation, Latvia | Series A, Series B | Software, Mobile, Internet |
| Change Ventures | 2 | Estonia, Lithuania, United States | Seed, Pre-Seed, Series A | Software, Information Technology, Apps |
| Capitalia | 2 | Latvia, Sweden, Lithuania | Seed, Debt Financing | Software, CAD, Apps |
| Base Ventures | 2 | United States, Canada, Latvia | Seed, Series A | Software, Mobile, E-Commerce |
| European regional development fund (ERDF) | 2 | United Kingdom, Germany, France | Grant, Pre-Seed | Software, Information Technology, Artificial Intelligence |
| Mistletoe | 2 | Japan, United States, India | Seed, Series A | Information Technology, Software, Education |
| The Untitled Venture Company | 2 | United States, Russian Federation, Latvia | Seed, Pre-Seed, Convertible Note | SaaS, Software, Information Technology |
| Point Nine | 1 | Germany, United States, France | Seed, Series A, Series B | Software, SaaS, Internet |
| BADideas.fund | 1 | Latvia, Estonia, Ukraine | Seed, Pre-Seed | SaaS, FinTech, Software |
| Black Pearls VC | 1 | Poland, United States, United Kingdom | Seed, Pre-Seed | Software, Artificial Intelligence, FinTech |
| Swedbank | 1 | Sweden, Latvia, Finland | Post-IPO Debt, Debt Financing | Banking, Real Estate, FinTech |
| EIT Digital | 1 | Italy, Spain, France | Grant, Seed, Pre-Seed | Software, Information Technology, Health Care |
| ZenStone Venture Capital | 1 | United States, Brazil, Canada | Series A, Seed, Series B | FinTech, Real Estate, Financial Services |
| Carthona Capital | 1 | Australia, United States, Latvia | Seed, Series A, Series B | Software, Financial Services, Artificial Intelligence |
| Connect Ventures | 1 | United Kingdom, United States, Germany | Seed, Series A, Pre-Seed | Software, SaaS, Apps |
| Angels Band | 1 | Latvia, United States, United Kingdom | Seed, Angel, Pre-Seed | Beauty, Computer Vision, Professional Services |
| Merito Partners | 1 | Latvia | Seed, Private Equity | Furniture, Smart Home, Smart Building |
| Wistron Corporation | 1 | Taiwan, United States, Hong Kong | Seed, Series B, Series A | Artificial Intelligence, Software, Machine Learning |
| SeedBlink | 1 | Romania, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, Information Technology, SaaS |
| Smartup Ventures | 1 | Iran, Latvia, United Arab Emirates | Seed, Series A, Series B | Information Technology, E-Commerce, CRM |
| BaltCap | 1 | Latvia, Lithuania, United States | Seed, Series A, Series B | Mobile, Information Technology, Apps |
| 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 |
| Trind Ventures | 1 | Estonia, Finland, Latvia | Seed, Series A | Software, Information Technology, Analytics |
| Roche Venture Fund | 1 | United States, United Kingdom, Spain | Series B, Series A, Series C | Biotechnology, Health Care, Therapeutics |
| Toy Ventures | 1 | United States, Latvia, Mexico | Seed, Pre-Seed, Series A | FinTech, Financial Services, Sports |
| River Venture Partners | 1 | The Netherlands, Finland, Latvia | Seed, Angel, Pre-Seed | Internet, Software, SaaS |
| J12 | 1 | Sweden, Germany, Portugal | Seed, Pre-Seed, Series A | Software, Machine Learning, Artificial Intelligence |
| Calchas Holding | 1 | Latvia | Seed | Credit, Banking, FinTech |
| SMOK Ventures | 1 | Poland, United States, Ukraine | Seed, Pre-Seed | Software, SaaS, Information Technology |
| Envac Group | 1 | Latvia | Pre-Seed | Waste Management, Internet of Things |
| Vesna Investment | 1 | Latvia |  | EdTech, Internet, Education |
| Expansion Capital | 1 | Latvia, Estonia | Seed, Series A | Drones, Big Data, Software |
| Siena Capital | 1 | Estonia, Latvia | Seed, Pre-Seed, Convertible Note | CAD, Banking, FinTech |
| Mamba | 1 | Latvia | Seed | Mobile Apps, Social Media, Social Network |
| SmartHub | 1 | United States, United Kingdom, Canada | Seed, Convertible Note, Series A | Internet, SaaS, Software |
| Social Discovery Group | 1 | United States, United Kingdom, China | Series A, Seed | Apps, Internet, Mobile |
| Microsoft for Startups | 1 | United States, India, Canada | Seed, Grant | Software, Information Technology, SaaS |
| Seraph Group | 1 | United States, Latvia, Taiwan | Seed, Series A, Series B | Software, Health Care, Analytics |

# 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