Investors looking to invest in Latvia

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Fundraising in Latvia:

  • Latvia is a small country in Northern Europe with a rapidly developing startup ecosystem
  • The country has a strong focus on technology and innovation, with a growing number of startups in various industries
  • The Latvian government has taken several initiatives to support the growth of the startup ecosystem and attract investment

Growing Industries

  • Technology: Latvian startups are making a name for themselves in the technology sector, particularly in the areas of fintech and cybersecurity. Examples: PayPing, Armorly, MorethanIP
  • E-commerce: The e-commerce industry is also growing in Latvia, with many startups focused on solving problems in the sector. Examples: VitruvianTech, SIA Baltic Data Center
  • Healthtech: The healthtech sector is also emerging as a strong area for Latvian startups. Examples: Infogr.am, ClickDoc

Fundraising Environment

  • VC funds and business angels are becoming more active in Latvia, providing funding and support to growing startups
  • In recent years, there have been several successful exits by Latvian startups, which is helping to attract more investment to the country

Active Investors

  • Techhub Riga
  • Latvian Startup Fund
  • Latvian Business Angels Network

Government Initiatives

  • The Latvian government has launched several programs to support the growth of the startup ecosystem, including funding for early-stage startups and tax incentives for investors
  • The country has also established innovation centers and incubators to support the growth of startups, such as the Latvian IT Cluster and the Latvian Investment and Development Agency