Exit · 01 Nov · EUR 62.5M
US company Apogee Enterprises will acquire Latvia's Groglass for 62.5 million euros, enhancing its capabilities in glass coating technologies.
Launch · 04 Sep · —
ESTIMO.lv has launched a platform that combines over 20 data sources to provide quick and comprehensive property analysis for buyers, owners, investors, and real estate professionals.
Funding · 03 Sep · EUR 2.3M
Lightspace Technologies received a grant of €2.3 million from the European Innovation Council's Accelerator program to support its augmented reality innovations.
Exit · 03 Sep · —
Lightspace Technologies was acquired by the Finnish defense and security technology group Summa Defence in 2024.
Launch · 03 Sep · —
Lightspace Technologies launched augmented reality glasses designed for military applications in partnership with Rheinmetall Electronics UK.
Exit · 03 Sep · EUR 62.5M
Latvian high-tech company Groglass is being acquired by the US company Apogee Enterprises for EUR 62.5 million, with potential additional payments based on financial targets.
Launch · 03 Sep · —
Handwave has expanded its partnership with Visa to support the rollout of palm-based biometric payment solutions in Europe.
Launch · 02 Sep · —
LMT Defence has developed the first 5G military testing environment in Europe, which serves as a platform for NATO allies to test future technologies.
Launch · 02 Sep · —
My Freighter is expanding its partnership with Baltic Ground Services to provide aircraft fuelling services at three airports in Europe, enhancing its operational efficiency along key cargo routes.
Funding · 28 Aug · EUR 2.1M
Principle raised $2.5 million in pre-seed funding to develop its AI-powered strategic simulation platform.
Launch · 24 Aug · EUR 10.0M
Storent Europe starts a public bond offering in the Baltics, aiming to raise up to 10 million euros in the first tranche of its bond program.
Launch · 14 Aug · EUR 20.0M
AS Recipe Plus is investing EUR 20 million in the development of a new pharmaceutical and medical supplies distribution centre in Riga, Latvia, aimed at improving the efficiency and security of medicine supplies.
Launch · 12 Aug · —
Launch of the anna app, a mobile application designed to improve women's well-being during perimenopause, utilizing data from personal devices to provide personalized recommendations.
Launch · 12 Aug · —
INDEXO announced plans to apply for the listing of its shares on the Nasdaq Stockholm exchange.
Launch · 07 Aug · —
PrintyMed is developing a material for various medical applications, aiming to bring innovative solutions to the market.
Launch · 07 Aug · —
MyWisy is a Latvia-based adaptive learning platform for preschool education that personalizes learning content and pace according to each child's individual learning level.
Launch · 07 Aug · —
ANIMAS-DA is a digital AI-driven decision support tool for planning daily insulin dosing for children with type 1 diabetes.
Launch · 06 Aug · EUR 1.0M
SIA Balticfloc is preparing to start the production of insulation boards, requiring significant investments estimated at least one million euros.
Exit · 04 Aug · —
Patria Latvia has acquired the remaining shareholding in Defence Partnership Latvia, becoming its sole owner.
Launch · 03 Aug · —
Meet Me At The Bar is a dating app designed to facilitate in-person meetings in bars, helping users to connect and start conversations.
Funding · 29 Jul · EUR 5.5M
OptoElektronika LV is investing more than 5.5 million euros in the construction of its own production facility in Rēzekne, with 5 million euros provided by the European Regional Development Fund.
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 · 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.
Launch · 01 Jul · —
Eleving Group commenced operations in South Africa, opening its first branch in Cape Town, marking its expansion into the 18th market.
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 · 17 Oct · EUR 275.0M
Eleving Group issued a EUR 275 million senior secured 2025/2030 Eurobond carrying a 9.5% annual coupon, the largest bond issuance in the group's history. Proceeds refinanced the 2021 EUR 150 million bond and part of Mintos liabilities, and the notes listed on Nasdaq Riga and the Frankfurt Stock Exchange.
Funding · 15 Oct · EUR 96K
Adsmom raised EUR 96k in pre-seed, led by 500 Global.
Launch · 01 Oct · —
Andele Mandele has integrated Tilde's machine translation API, doubling the number of transactions from Lithuania and Estonia by automatically translating user-generated content, thus overcoming language barriers.
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 · 26 Jun · EUR 250K
Tilde won the European Commission's Large AI Grand Challenge, receiving a EUR 250,000 prize and 2 million GPU hours on the LUMI supercomputer to build the TildeOpen large language model for European languages. This is a grant award rather than an equity round.
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.
Launch · 13 Aug · —
Vivi introduces electronic ticket registration in its mobile app for train passengers.
Launch · 01 Jan · —
PrintyMed is launching a new artificial spider silk material for various medical applications, including organ-on-a-chip and wound dressings.
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 · 10 Oct · EUR 1.1M
Draugiem Capital, the investment arm of Draugiem Group, invested EUR 1.14 million in Prime Prometics on October 10, 2022, becoming a minority shareholder in the pro-age cosmetics company.
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 · 01 Jul · EUR 5.0M
Riga based Sonarworks raised 6 million USD in a funding round led by Almaz Capital, joined by Karma Ventures, Trind Ventures, Proks Capital, Smart Growth VC, Wiser Financial Advisors and angel investors Cesar Lamschtein and Victor Yun. The round brought Sonarworks total funding to about 13.8 million USD to scale its SoundID audio calibration business.
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.