Launch · 29 Jul · EUR 2.5M
Rocket Bean has invested approximately 2.5 million euros in the establishment of a new roasting facility.
Launch · 28 Jul · —
SubMerge Baltics signed a cooperation memorandum with Naval Group for the integration of its autonomous underwater drones into Naval Group's ships.
Launch · 21 Jul · —
A new AI tool called 'rakstiviegli.lv' has been launched to convert complex texts into easy language for free, aimed at improving digital accessibility.
Exit · 20 Jul · EUR 1.3M
Hoppekids acquired the assets of the Danish children's furniture manufacturer M. Schack Engel for 1.3 million euros, which will strengthen its competitiveness in the European market and expand production in Latvia.
Launch · 17 Jul · —
Prime Prometics was designed with North American clients in mind from the start, focusing on high standards of quality, speed, and reliability.
Launch · 15 Jul · EUR 4.5M
KG Property will invest 4.5 million euros to launch the first two 'Daba' restaurants in Riga, with plans for further expansion.
Launch · 13 Jul · —
Silmor developed an innovative thermal and visual camouflage material as its first proprietary dual-use product, co-financed by the European Regional Development Fund and the state budget, in collaboration with the University of Latvia's Institute of Solid State Physics.
Funding · 10 Jul · EUR 1.7M
BirdyChat has raised €1.7 million in investment to expand its work communication platform.
Launch · 08 Jul · —
Nodu Digital SIA received two licenses from Latvijas Banka for crypto-asset services and payment institution operations.
Launch · 08 Jul · —
SUBmerge Baltic signed a memorandum of cooperation with Naval Group to integrate their underwater drones with Naval Group's control systems, enhancing interoperability and expanding market applications.
Launch · 02 Jul · —
Spotwise launched a free public platform to track political radio advertising in Latvia ahead of the Saeima elections.
Funding · 29 Jun · EUR 526K
Adsmom raised more than USD 600,000 from private investors and venture funds, including 500 Global, to expand its AI ad-intelligence platform across Europe.
Launch · 20 Jun · —
CarrierTrust has launched a reputation network platform for the European transport and logistics industry, helping companies verify partners and assess risks before collaboration.
Launch · 06 May · —
BirdyChat has opened access to 50,000 users across Europe and the UK, providing a dedicated space for business messaging.
Launch · 30 Apr · —
Tyana.app is launching a personal AI nutritionist that recognizes meals and suggests recipes based on user inventory and preferences.
Launch · 28 Apr · —
Capture Study has launched a platform aimed at improving the efficiency of clinical trials by simplifying the creation of survey questionnaires for doctors and patients.
Launch · 07 Apr · —
Sonarworks launched the SoundID Tools app in partnership with Dolby, enabling Dolby Atmos Personalization for creators.
Funding · 01 Apr · EUR 388K
Latvian AI startup Spotwise raised 450,000 USD in a pre-seed round led by Outlast Fund, with support from BADideas.fund and 500 Global, following its pitch at TechChill 2026. The round will help the broadcast sales and analytics platform expand across Europe.
Launch · 31 Mar · EUR 130.0M
SIA "ASNS Ingredient" is launching a pea protein plant in Jelgava, Latvia, with a total investment of approximately €130 million, aiming to start production in 2027.
Exit · 19 Mar · —
Helve is merging with Civitta, enhancing their service offerings and market reach.
Launch · 09 Mar · —
Tilde launched its TildeOpen LLM for translation, integrating it into a machine translation platform for public use.
Funding · 15 Feb · EUR 250K
Natrix raised EUR 250k in pre-seed.
Funding · 19 Dec · EUR 1.2M
Nodu raised EUR 1.2M in pre-seed.
Exit · 25 Nov · EUR 27.0M
TestDevLab, acquisition by Xoriant for EUR 27.0M.
Funding · 28 Oct · EUR 1.1M
Desktop Commander raised EUR 1.1M in pre-seed, led by 42CAP.
Funding · 15 Oct · EUR 96K
Adsmom raised EUR 96k in pre-seed, led by 500 Global.
Funding · 28 Aug · EUR 680K
Tournated raised EUR 680k in seed.
Funding · 07 Aug · EUR 3.3M
Cellbox Labs raised EUR 3.3M in seed.
Funding · 01 Aug · EUR 3.6M
Handwave raised EUR 3.6M in seed, led by Practica Capital.
Funding · 03 Jun · EUR 54.0M
Aerones raised EUR 54.0M in Series B.
Launch · 25 Feb · —
Natrix's modular unmanned ground platforms began operating in Ukraine, carrying frontline supplies and evacuating wounded personnel.
Funding · 12 Feb · EUR 50K
Tournated secured a EUR 50K investment from the Latvian Business Angels Network to accelerate international growth of its sports-management platform.
Exit · 01 Jul · EUR 1.2M
MADARA Cosmetics agreed to sell 100% of SIA Cosmetics Nord, operator of Selfnamed, to management-controlled SIA SLFNMD for EUR 1.19 million including repayment of outstanding debt.
Funding · 15 May · EUR 935K
Cellbox Labs raised EUR 935K in a pre-seed round led by Buildit, with LatBAN-affiliated angels participating, to develop automated organ-on-chip technology.
Exit · 30 Apr · EUR 4.0M
MADARA Cosmetics sold the MOSSA brand assets to Oy Transmeri Ab for total consideration of EUR 4 million while retaining product-development and contract-manufacturing responsibilities.
Funding · 08 Jan · EUR 4.4M
Aerones secured a EUR 4.416M grant from the EU Innovation Fund to produce and deploy wind-turbine blade repair robots.
Funding · 27 Dec · EUR 36.6M
Aerones raised USD 38.9M in growth funding co-led by Lightrock and Haniel to scale robotic wind-turbine maintenance.
Funding · 05 Oct · EUR 63K
MADARA Cosmetics received EUR 63,036 of EBRD support, funded through the EU Horizon 2020 Green Innovation Programme, for improvements to its SELFNAMED platform.
Funding · 16 Jun · EUR 1.4M
Aerones raised USD 1.6M while pivoting its robotic technology toward wind-turbine maintenance.
Funding · 10 Nov · —
MADARA Cosmetics completed an oversubscribed IPO and began trading on Nasdaq First North Riga; strategic investor Oy Transmeri Group AB emerged with 6% of the company.