Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
Latvia

70 Best Startups in Latvia

There are hundreds of fast-growing startups in Latvia and we have compiled the 70 best ones in this blog article.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

Have you ever wondered who is on the list of companies with the highest growth rates in Latvia?

You’re not alone.

There are hundreds of companies in this country, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 70 fast-growing startups in Latvia that have top-tier venture capital funding.


70 Startups in Latvia

1) Nordigen

1) Nordigen

Nordigen is a free open banking API that connects all major European banks to PSD2 data.

Details of the startup:

  • City: Riga
  • Started in: 2016
  • Founders: Roberts Bernans, Rolands Mesters
  • Industries: Banking, Credit, Credit Bureau, Finance, Financial Services, FinTech, Personal Finance
  • Number of employees: 11-50
  • Funding amount: $4,156,788
  • Number of funding rounds: 5
  • Number of investors: 13

You can find their website here.

2) Mintos

2) Mintos

Mintos is a global loan investment marketplace.

Details of the startup:

  • City: Riga
  • Started in: 2015
  • Founders: Martins Sulte, Martins Valters
  • Industries: Finance, Financial Services, FinTech, Lending, Marketplace, Peer to Peer
  • Number of employees: 101-250
  • Funding amount: € 14,162,985
  • Number of funding rounds: 4
  • Number of investors: 3

You can find their website here.

3) ApexQubit

3) ApexQubit

ApexQubit is working on a second-generation drug engineering platform based on quantum computing and artificial intelligence.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $370,489

You can find their website here.

4) Zebpay

4) Zebpay

Cryptocurrency Exchange and Wallet on a Global Scale

Details of the startup:

  • City: Malta
  • Started in: 2014
  • Founders: Mahin Gupta, Sandeep Goenka, Saurabh Agrawal
  • Industries: Android, Apps, Bitcoin, Blockchain, Cryptocurrency, Financial Exchanges, iOS, Virtual Currency
  • Number of employees: 51-100
  • Funding amount: $1,125,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

5) 4finance

5) 4finance

Europe's largest online and mobile consumer lending organization, with 16 nations offering convenient and responsible credit.

Details of the startup:

  • City: Riga
  • Started in: 2008
  • Founders: Aigars Kesenfelds
  • Industries: Finance, Financial Services, FinTech, Internet
  • Number of employees: 501-1000
  • Funding amount: $734,175,111
  • Number of funding rounds: 6

You can find their website here.

6) Sonarworks

6) Sonarworks

Sonarworks is a cutting-edge audio technology company that is set to revolutionize the headphone and music distribution sectors.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $7,763,820

You can find their website here.

7) Jasper Therapeutics

7) Jasper Therapeutics

Jasper Therapeutics is a biotechnology business dedicated to making conditioning and therapeutic procedures safer.

Details of the startup:

  • City: Pure
  • Started in: 2018
  • Founders: Judith Shizuru M.D., Susan Prohaska
  • Industries: Biotechnology, Health Care, Pharmaceutical
  • Number of employees: 11-50
  • Funding amount: $49,100,000
  • Number of funding rounds: 2
  • Number of investors: 7

You can find their website here.

8) Robocash Group

8) Robocash Group

Robocash Group is a European and Asian financial conglomerate that specializes in consumer alternative financing and marketplace finance.

Details of the startup:

  • City: Riga
  • Number of employees: 1001-5000
  • Funding amount: $5,000,000

You can find their website here.

9) Buildit Accelerator

9) Buildit Accelerator

Buildit is a hardware and IoT accelerator for startups.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $2,332,105

You can find their website here.

10) Infogram

10) Infogram

Infogram is a software firm that creates stunning charts, maps, and infographics using a web-based data visualization platform.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $2,066,347

You can find their website here.

11) YaClass

11) YaClass

YaClass is an edutech firm that offers K12 online math, science, and language curricula, as well as state exam preparation assessments.

Details of the startup:

  • City: Riga
  • Number of employees: 51-100
  • Funding amount: $790,980

You can find their website here.

12) Edurio

12) Edurio

Edurio is developing technologies to help schools improve.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $2,973,952

You can find their website here.

13) Food Union Group

13) Food Union Group

Food Union is a global organization that brings together the top food firms from around the world.

Details of the startup:

  • City: Riga
  • Number of employees: 1001-5000
  • Funding amount: $225,000,000

You can find their website here.

14) Marine Digital

14) Marine Digital

B2B SAAS for bulk and general cargo terminals/stevedores based on machine learning and coupled with trade finance markets

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $169,522

You can find their website here.

15) OROCON

15) OROCON

OROCON is a building site management software designed specifically for enterprises with big dreams.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $207,916

You can find their website here.

16) HYGEN

16) HYGEN

In about 3 minutes, HYGEN's "Wallbox" connected to a conventional residential gas grid can fuel your gas-powered vehicle at home/office.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $3,500,000

You can find their website here.

17) asya.ai

17) asya.ai

Asya is an Ethical AI-powered software for conscious interaction.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $136,086

You can find their website here.

18) ZoomCharts

18) ZoomCharts

Data visualization software from ZoomCharts allows you to create interactive visual data interfaces.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $1,204,207

You can find their website here.

19) Walmoo

19) Walmoo

Platforms for Loyalty-as-a-Service and Interaction-as-a-Service

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $222,177

You can find their website here.

20) SpacePass

20) SpacePass

SPACEPASS is a coworking and flex-office sector centralized booking platform, integration hub, and SaaS solutions provider.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $600,000

You can find their website here.

21) AnatomyNext

21) AnatomyNext

Anatomy Next is a web-based and augmented reality platform for tailored medical education and treatment.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $401,190

You can find their website here.

22) HansaMatrix

22) HansaMatrix

Original design manufacturing (ODM) is the business model used by HansaMatrix.

Details of the startup:

  • City: Riga
  • Number of employees: 101-250
  • Funding amount: $3,408,962

You can find their website here.

23) FabControl

23) FabControl

For 3D printing in production, an open operating system is required.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $179,286

You can find their website here.

Ad

Startup Foundations

Gain traction with your startup right now. In this free video series, learn tactical strategies proven to deliver results. Get free access to Startup Foundations →

24) PolyLabs

24) PolyLabs

Polylabs is a chemical firm that makes bio polyols, which are bio-based raw materials used in the polyurethane industry.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $435,838

You can find their website here.

25) Mobilly

25) Mobilly

Mobilly is a service that allows you to pay for parking, buy rail or bus tickets using your phone or the Internet.

Details of the startup:

  • City: Riga
  • Funding amount: $1,197,474

You can find their website here.

26) Recorn

26) Recorn

Mobile App with Artificial Intelligence (AI) for Call Recording

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $22,804

You can find their website here.

27) ONLYOFFICE

27) ONLYOFFICE

ONLYOFFICE is a free and open source office suite that includes a number of productivity tools such as projects, CRM, mail, and a calendar.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10

You can find their website here.

28) ALINA

28) ALINA

Eco-technology for Long-Term Survival

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $298,491

You can find their website here.

29) Bindwise

29) Bindwise

Bindwise helps online retailers and brands automate essential operations, decrease human errors, and expand their businesses.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $54,709

You can find their website here.

30) Tilde

30) Tilde

Tilde creates language technology and localization solutions that enable clients in the digital era overcome language hurdles.

Details of the startup:

  • City: Riga
  • Number of employees: 101-250
  • Funding amount: $105,056

You can find their website here.

31) Digas

31) Digas

Digas has created a game-changing product for diesel engines with high horsepower.

Details of the startup:

  • City: Riga
  • Funding amount: $1,650,541

You can find their website here.

32) BranchTrack

32) BranchTrack

The most efficient technique to improve sales and customer service abilities.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $346,258

You can find their website here.

33) KOOL Latvija

33) KOOL Latvija

KOOL Latvija is a new concept petrol station that also serves as a convenient rapid retail location in Latvia.

Details of the startup:

  • City: Riga
  • Funding amount: $1,500,000

You can find their website here.

34) xTimer

34) xTimer

Athletes' most compact and user-friendly timekeeping system.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $21,980

You can find their website here.

35) PlayGineering

35) PlayGineering

Since 2008, the PlayGineering Systems team has provided sport technology solutions for professional sporting events.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $509,267

You can find their website here.

36) PV Stream

36) PV Stream

A web-based, all-in-one platform for the creation of solar projects.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $114,245

You can find their website here.

37) FitRadar

37) FitRadar

You're closer to being fit than you realize.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $41,625

You can find their website here.

38) Advanced Vector Analytics

38) Advanced Vector Analytics

AVA's main focus is on drastically lowering the number of vibration sensors used in complicated structure condition monitoring and maintenance.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $131,482

You can find their website here.

39) Maintenel Automation

39) Maintenel Automation

Reduce Your Equipment's Operating and Maintenance Costs

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $236,560

You can find their website here.

40) Ask.fm

40) Ask.fm

Ask.fm is the world's largest teen Q&A social network, which connects and engages individuals via the use of questions.

Details of the startup:

  • City: Riga
  • Number of employees: 51-100

You can find their website here.

41) Conelum

41) Conelum

Conelum is a biotech business that creates quick microbiological diagnostic tests for the food and beverage industry.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $266,051

You can find their website here.

42) Rigvir Holding

42) Rigvir Holding

Rigvir Holding is a cancer drug maker that can locate and eliminate malignant tumor cells in the human body.

Details of the startup:

  • City: Riga
  • Number of employees: 101-250
  • Funding amount: $55,831

You can find their website here.

43) Sellfy

43) Sellfy

Digital content creators' e-commerce platform

Details of the startup:

  • City: Riga
  • Number of employees: 11-50

You can find their website here.

44) Art Fairs Service

44) Art Fairs Service

International art fairs, exhibitions, galleries, and museums require the construction of art walls.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $274,709

You can find their website here.

45) Colorlib

45) Colorlib

The most popular resource for WordPress themes, plugins, services, and other web design-related information.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10

You can find their website here.

46) TWINO

46) TWINO

TWINO is a privately held marketplace lender with offices in nine countries.

Details of the startup:

  • City: Riga

You can find their website here.

47) Bio2You

47) Bio2You

Seabuckthorn energy is used in Bio2You's high-quality natural skin care and lifestyle products.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $265,001

You can find their website here.

48) UPRENT

48) UPRENT

UPRENT is a company that rents out pumping systems, as well as trench shoring systems and power generators.

Details of the startup:

  • City: Riga
  • Number of employees: 51-100
  • Funding amount: $225,619

You can find their website here.

49) evOLED

49) evOLED

evOLED creates low-cost organic light-emitting diode (OLED) panels by replacing rare-earth elements with chemical elements.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $66,668

You can find their website here.

50) RingBe

50) RingBe

Mobile data, roaming, and international calls are all 99 percent cheaper. Also, call for free using Wi-Fi.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $58,135

You can find their website here.

51) KTN.

51) KTN.

KTN is a pioneer in railway automation, developing the IntelHeat control system for completely automated railway point management.

Details of the startup:

  • City: Riga
  • Funding amount: $53,081

You can find their website here.

52) Inpharmatis

52) Inpharmatis

Inpharmatis provides the life science business with a full range of regulatory affairs services, including drug development and vigilance.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $83,304

You can find their website here.

53) RentMama

53) RentMama

RentMama is an online automobile rental service that collects offers from a variety of small and medium-sized car rental businesses.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $119,422

You can find their website here.

54) TransfoElectric

54) TransfoElectric

TransfoElectric is a high-tech startup established in Riga, Latvia, that specializes on electric vehicle wireless charging.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $1,281,306

You can find their website here.

55) Prakse

55) Prakse

Prakse is the owner and operator of an internet platform that connects employers with students looking for internships.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $248,122

You can find their website here.

56) HEE Photonics Labs

56) HEE Photonics Labs

HEE Photonics Labs is a platform for space research and development.

Details of the startup:

  • City: Riga
  • Funding amount: $55,958

You can find their website here.

57) SIA "DARDEDZE HOLOGRAFIJA"

57) SIA

Offset printing and holographic security solutions are provided by SIA "DARDEDZE HOLOGRAFIJA."

Details of the startup:

  • City: Riga
  • Funding amount: $968,638

You can find their website here.

58) Allatherm

58) Allatherm

Allatherm offers manufacturing experience in thermal science and heat transfer devices, as well as contract R&D and consulting services.

Details of the startup:

  • City: Riga
  • Funding amount: $83,346

You can find their website here.

59) Koatum

59) Koatum

Koatum is a med-tech business formed in Riga, Latvia, as part of the 7th Commercialization Reactor (2014).

Details of the startup:

  • City: Riga
  • Funding amount: $68,464

You can find their website here.

60) Baltic Floating Structures

60) Baltic Floating Structures

Baltic Floating Structures is a water construction company that provides novel solutions.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $222,779

You can find their website here.

61) MightyFingers

61) MightyFingers

MightyFingers is a two-dimensional and isometric online game engine written in HTML5.

Details of the startup:

  • City: Riga
  • Funding amount: $68,423

You can find their website here.

62) Baltic Wild Fish

62) Baltic Wild Fish

Baltic Wild Fish, SIA is a forest meat supplier.

Details of the startup:

  • City: Riga
  • Number of employees: 11-50
  • Funding amount: $240,725

You can find their website here.

63) Clusterpark

63) Clusterpark

Large-scale log data gathering, high-speed search, and visual analytics are all possible with this cost-effective solution.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $267,996

You can find their website here.

64) DIXIPAY

64) DIXIPAY

Card Issuer, Payment Institution, and Payment Gateway

Details of the startup:

  • City: Riga
  • Number of employees: 11-50

You can find their website here.

65) SetupAd

65) SetupAd

SetupAd is a corporation that specializes in marketing and advertising.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10

You can find their website here.

66) Orions Logistika

66) Orions Logistika

SIA Orions Logistika manufactures boilers and boiler houses for small and medium businesses and district heating systems.

Details of the startup:

  • City: Riga
  • Funding amount: $125,247

You can find their website here.

67) Spatial Initiatives

67) Spatial Initiatives

For engineering and geomatics applications, Spatial Initiatives develops cutting-edge laser and lidar-based measuring technologies.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10
  • Funding amount: $271,637

You can find their website here.

68) Veiters Corp

68) Veiters Corp

VEITERS is one of the Baltic countries' largest offset printing and high-quality printing enterprises.

Details of the startup:

  • City: Riga
  • Funding amount: $480,000

You can find their website here.

69) Viventor

69) Viventor

Viventor is a peer-to-peer lending platform that makes safe and easy investing possible.

Details of the startup:

  • City: Riga
  • Number of employees: 1-10

You can find their website here.

70) Stream Networks

70) Stream Networks

Stream Networks SIA serves corporate clients in Latvia with fixed and mobile data transmission services as well as Internet access.

Details of the startup:

  • City: Riga
  • Funding amount: $1,199,949

You can find their website here.

The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles, curated resources for founders, and updates on how I’m growing the site to $10k/mo. Join +7,000 other startup founders!