Top 70 Startups in Latvia in 2023

1) Nordigen

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

Details of the startup:

• State: Riga
• 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: $4,156,788
• Funding rounds: 5
• Number of investors: 13 (Seedcamp, Inventure, Id4 ventures, Superangel, Black Pearls VC)

You can find their website here.

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2) Mintos

Mintos is a global loan investment marketplace.

Details of the startup:

• State: Riga
• 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: € 14,162,985
• Funding rounds: 4
• Number of investors: 3 (Crowdcube, Nordic Secondary Fund, Skillion Ventures)

You can find their website here.

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3) Zebpay

Cryptocurrency Exchange and Wallet on a Global Scale

Details of the startup:

• State: Rezeknes
• 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: $1,125,000
• Funding rounds: 2
• Number of investors: 2 (Arjun Handa, Nagendra Chaudhary)

You can find their website here.

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4) 4finance

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

Details of the startup:

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

You can find their website here.

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5) Jasper Therapeutics

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

Details of the startup:

• State: Tukuma
• City: Pure
• Started in: 2018
• Founders: Judith Shizuru M.D., Susan Prohaska
• Industries: Biotechnology, Health Care, Pharmaceutical
• Number of employees: 11-50
• Funding: $49,100,000
• Funding rounds: 2
• Number of investors: 7 (Alexandria Venture Investments, Surveyor Capital, Citadel, Abingworth, Roche Venture Fund)

You can find their website here.

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6) Buildit Accelerator

Buildit is a hardware and IoT accelerator for startups.

Details of the startup:

• City: Riga
• Number of employees: 43840
• Funding: $2,332,105

You can find their website here.

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7) 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: $7,763,820

You can find their website here.

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8) 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: $2,066,347

You can find their website here.

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9) 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: $790,980

You can find their website here.

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10) 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: $370,489

You can find their website here.

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11) Edurio

Edurio is developing technologies to help schools improve.

Details of the startup:

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

You can find their website here.

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12) 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: $225,000,000

You can find their website here.

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13) 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: $1,204,207

You can find their website here.

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14) asya.ai

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

Details of the startup:

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

You can find their website here.

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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: $207,916

You can find their website here.

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16) 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: $600,000

You can find their website here.

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17) 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: $3,500,000

You can find their website here.

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18) 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: $401,190

You can find their website here.

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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: $222,177

You can find their website here.

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20) FabControl

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

Details of the startup:

• City: Riga
• Number of employees: 43840
• Funding: $179,286

You can find their website here.

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21) Recorn

Mobile App with Artificial Intelligence (AI) for Call Recording

Details of the startup:

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

You can find their website here.

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22) ALINA

Eco-technology for Long-Term Survival

Details of the startup:

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

You can find their website here.

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23) 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: 43840
• Funding: $54,709

You can find their website here.

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24) BranchTrack

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

Details of the startup:

• City: Riga
• Number of employees: 43840
• Funding: $346,258

You can find their website here.

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25) 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: $435,838

You can find their website here.

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26) 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: $169,522

You can find their website here.

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27) 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: $1,500,000

You can find their website here.

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28) 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: $1,197,474

You can find their website here.

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29) 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: $114,245

You can find their website here.

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30) Maintenel Automation

Reduce Your Equipment's Operating and Maintenance Costs

Details of the startup:

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

You can find their website here.

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31) 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: $509,267

You can find their website here.

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32) HansaMatrix

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

Details of the startup:

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

You can find their website here.

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33) Digas

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

Details of the startup:

• City: Riga
• Funding: $1,650,541

You can find their website here.

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34) 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: $105,056

You can find their website here.

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35) 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: $83,304

You can find their website here.

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36) 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.

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37) FitRadar

You're closer to being fit than you realize.

Details of the startup:

• City: Riga
• Number of employees: 43840
• Funding: $41,625

You can find their website here.

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38) 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: 43840
• Funding: $266,051

You can find their website here.

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39) 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: $1,281,306

You can find their website here.

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40) 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: $265,001

You can find their website here.

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41) xTimer

Athletes' most compact and user-friendly timekeeping system.

Details of the startup:

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

You can find their website here.

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42) 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: $5,000,000

You can find their website here.

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43) 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: $131,482

You can find their website here.

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44) 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: $68,464

You can find their website here.

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45) 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: $225,619

You can find their website here.

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46) SIA "DARDEDZE HOLOGRAFIJA"

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

Details of the startup:

• City: Riga
• Funding: $968,638

You can find their website here.

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47) 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: $58,135

You can find their website here.

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48) 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: $119,422

You can find their website here.

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49) 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.

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50) 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: $274,709

You can find their website here.

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51) MightyFingers

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

Details of the startup:

• City: Riga
• Funding: $68,423

You can find their website here.

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52) 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: 43840

You can find their website here.

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53) Veiters Corp

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

Details of the startup:

• City: Riga
• Funding: $480,000

You can find their website here.

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54) 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: $248,122

You can find their website here.

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55) Baltic Wild Fish

Baltic Wild Fish, SIA is a forest meat supplier.

Details of the startup:

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

You can find their website here.

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56) 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: 43840
• Funding: $267,996

You can find their website here.

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57) 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: 43840
• Funding: $66,668

You can find their website here.

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58) 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: $53,081

You can find their website here.

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59) Sellfy

Digital content creators' e-commerce platform

Details of the startup:

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

You can find their website here.

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60) 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: $83,346

You can find their website here.

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61) HEE Photonics Labs

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

Details of the startup:

• City: Riga
• Funding: $55,958

You can find their website here.

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62) 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.

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63) 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: $1,199,949

You can find their website here.

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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.

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65) 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: $55,831

You can find their website here.

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66) 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: $271,637

You can find their website here.

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67) 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: $222,779

You can find their website here.

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68) 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.

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69) 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: $125,247

You can find their website here.

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70) 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.

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