\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

Edurio's logo

Edurio

An online survey, data analytics and reporting tools for improving teaching and learning in schools

education / enterprise software

edurio.com

Riga, Latvia

2015

€3m

SEED

€2-3m

10-50

Solfeg.io's logo

Solfeg.io

An interactive app for learning and teaching music

music / saas

solfeg.io

Riga, Latvia

2017

€0m

LATE VC

€200-300k

10-50

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Lokalise's logo

Lokalise

Translation management system built for agile teams wanting to automate their localization processes

enterprise software / B2B

lokalise.com

Riga, Latvia

2016

€6m

SERIES A

€22-33m

50-100

Smart Vision's logo

Smart Vision

Online shop for prescription glasses

marketplace & ecommerce / fashion

smartvision.lv

Riga, Latvia

2018

€0m

SEED

€2m

1-10

Monea's logo

Monea

Enables P2P money transfers through a mobile app

fintech / payments

monea.me

Riga, Latvia

2013

€1m

SEED

€2m

1-10

Nordigen's logo

Nordigen

Building transaction analytics tools for banks and lenders

enterprise software / banking

nordigen.com

Riga, Latvia

2016

€3m

SEED

€3-4m

10-50

Kora's logo

Kora

Rewards people and companies for performing a wide range of sustainable activities in order to fight climate change

energy / fintech

kora.app

Riga, Latvia

2018

€1m

SEED

€3-5m

10-50

ALINA's logo

ALINA

ALINA uses innovative production technology to manufacture montmorillonite mineral materials, available for building product manufacturers to substitute for toxic chemicals and heavy metals.

biotech / cleantech

alina-premium.com

Riga, Latvia

2015

€0m

SEED

€3m

1-10

Asya's logo

Asya

asya — Practice Mindful Communication with an App

media / social media

asya.ai

Riga, Latvia

2018

€0m

SEED

€480-720k

1-10

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Aerones's logo

Aerones

Industrial heavy lifting drones

robotics / energy

aerones.com

Riga, Latvia

2015

€7m

SEED

€6-9m

10-50

Playgineering's logo

Playgineering

Real-time tagless tracking and analytics with machine learning for team sports including ice hockey, basketball and football (soccer)

sports / content production

playgineering.com

Riga, Latvia

2015

€1m

SEED

€600-900k

1-10

Jeff's logo

Jeff

Personalised matchmaker for people and loans

fintech / lending

jeff-app.com

Riga, Latvia

2019

€1m

SEED

€608-912k

1-10

ApexQubit's logo

ApexQubit

2nd generation platform for drug design powered by quantum computing and artificial intelligence

health / AI

apexqubit.com

Riga, Latvia

2019

€0m

SEED

€61-91k

1-10

DoFinance's logo

DoFinance

Peer to peer lending platform for easy and smart investing

marketplace & ecommerce / fintech

dofinance.eu

Riga, Latvia

2016

€2m

SEED

€8-12m

1-10

CastPrint's logo

CastPrint

One-stop-shop solution fully integrated in hospital workflow, providing cutting-edge fracture treatment and saving doctor and hospital time by 15% on each fracture case

health / medical devices

castprint.co

Riga, Latvia

2016

€0m

SEED

€80-120k

1-10

Lovat's logo

Lovat

A tax compliance platform for digital companies

fintech / legal

vatcompliance.net

Riga, Latvia

2018

€0m

SEED

€800k-1m

1-10

Overly's logo

Overly

Augmented reality for business and events

AR / retail

overly.lv

Riga, Latvia

2014

€0m

N/A

N/A

1-10

Sellfy's logo

Sellfy

Ecommerce platform for digilat products

marketplace & ecommerce / media

sellfy.com

Riga, Latvia

2014

€0m

SEED

N/A

10-50

Longenesis's logo

Longenesis

Unlocking the power of life data without borders

biotech / data

longenesis.com

Riga, Latvia

2019

€1m

SEED

N/A

10-50

Digas's logo

Digas

Digas designs a game changing product for high horsepower diesel engine applications

energy / oil & gas

digasgroup.com

Jūrmala, Latvia

2012

€1m

GRANT

N/A

10-50

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