\The Latvian startups and scaleups to watch in 2021

\The Latvian startups and scaleups to watch in 2021

Latvia has some real startup success stories in recent years. But who are they? And who are next generation startups to watch?

Latvia has been cited as the most “startup friendly” country in the world and has had some real startup success stories in recent years. But who are they? And who are the next generation startups to watch?

Our team of experts at Sifted have chosen a list of nearly 50 companies we think you need to know about, with an added “Sifted take” on some to provide an extra layer of insight.

Keep reading below and stay informed about Europe’s new economy!

(P.S The data is from our partners at Dealroom.co. If there is anyone missing from this list, or anything is wrong, please let us know by email at ([email protected]).

Key

Year founded

Amount raised

Last funding round

Valuation

Employees

Mintos's logo

Mintos

A peer-to-peer lending marketplace for consumers seeking affordable loans and investors looking for attractive returns

fintech / mortgages & lending

mintos.com

Riga, Latvia

2014

€15m

SEED

€68m

100-500

Twino's logo

Twino

Financial services company specialized in investments into buyback loans

fintech / financial management solutions

twino.eu

Riga, Latvia

2009

€8m

EARLY VC

€31-46m

100-500

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Printify's logo

Printify

Printify is a print on demand marketplace that connects e-commerce merchants and print on demand manufacturers

marketplace & ecommerce / ecommerce solutions

printify.com

Riga, Latvia

2015

€4m

SEED

€11-16m

100-500

Juro's logo

Juro

Contract management platform

legal / enterprise software

juro.com

London, United Kingdom

2016

€5m

SERIES A

€19-29m

10-50

Sonarworks's logo

Sonarworks

Company behind precision audio software used by Grammy-Award winning music creators. Now delivering individually personalised sound experiences for music lovers

music / manufacturing

sonarworks.com

Riga, Latvia

2012

€7m

SERIES A

€20-30m

50-100

LightSpace Technologies's logo

LightSpace Technologies

AR and 3D headsets

deeptech / content production

lightspace3d.com

Mārupe, Latvia

2014

€14m

EARLY VC

€7-10m

10-50

Giraffe360's logo

Giraffe360

Virtual tour technology including 360 camera and software

enterprise software / real estate services

giraffe360.com

London, United Kingdom

2015

€6m

EARLY VC

€16-25m

10-50

Cenos's logo

Cenos

Democratising engineering simulation for production plants and SMBs

enterprise software / saas

cenos-platform.com

Riga, Latvia

2017

€0m

SEED

€1-2m

10-50

Anatomy Next's logo

Anatomy Next

Anatomy Next is human body simulator for medical training in virtual reality.Provides 3D digital tools for teaching and learning human anatomy.

health / education

anatomynext.com

Riga, Latvia

2015

€0m

GRANT

€1-2m

1-10

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Vendon's logo

Vendon

Telemetry for Vending - Vendon

energy;marketing / clean energy

vendon.net

Riga, Latvia

2008

€1m

EARLY VC

€1-2m

10-50

ZoomCharts's logo

ZoomCharts

An interactive data visualization tools for zoomable data graphics on KPI dashboards, websites and blogs.

enterprise software / data

zoomcharts.com

Riga, Latvia

2013

€1m

SEED

€1-2m

10-50

AgroPlatforma's logo

AgroPlatforma

B2B marketplace for farmers and grain buyers to communicate, deal and fix grain prices

agritech / marketplace & ecommerce

agroplatforma.lv

Riga, Latvia

2017

€0m

SEED

€120-180k

1-10

Air Board's logo

Air Board

Industrial heavy lift drones for agricultural applications.

drones / manufacturing

airboard.co

Liepāja, Latvia

2015

€0m

SEED

€120-180k

1-10

HYGEN's logo

HYGEN

Original decentralised refueling solutions for gaseous fuel powered vehicles

energy / transportation

hygengroup.com

Riga, Latvia

2011

€0m

LATE VC

€13-19m

10-50

Kedeon Solutions's logo

Kedeon Solutions

Kedeon makes the food system more resource-efficient, secure, transparent and trusted.

food / logistics and delivery

kedeon.com

Riga, Latvia

2019

€0m

GRANT

€145-218k

1-10

Marine Digital's logo

Marine Digital

SAAS TOS

transportation / logistics & delivery;mobility

marine-digital.com

Riga, Latvia

2019

€0m

ANGEL

€1m

1-10

Gamechanger Audio's logo

Gamechanger Audio

Musical instruments effect pedals

music / enterprise software

gamechangeraudio.com

Riga, Latvia

2015

€1m

SEED

€1m

1-10

SpacePass's logo

SpacePass

Online platform for co-working space management

real estate / workspaces

spacepass.pro

Riga, Latvia

2017

€1m

SEED

€2-3m

1-10

RCG Lighthouse's logo

RCG Lighthouse

Lighting as a service

energy / B2B

rcg-lighthouse.eu

Riga, Latvia

2014

€1m

SEED

€2-3m

10-50

YaClass's logo

YaClass

Web based training platform in school curricula

education / D2C

yaclass.eu

Riga, Latvia

2007

€2m

SEED

€2-3m

10-50

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