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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 .
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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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 TWINO is a privately held marketplace lender with offices in nine countries.
Details of the startup:
You can find their website here .
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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 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 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 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. 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 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 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 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 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 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" 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 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 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 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 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 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 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 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 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 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 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 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 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 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 .