\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

Printful's logo

Printful

Easy, on-demand, customized online printing, fulfillment and shipping

marketplace & ecommerce / marketing

printful.com

Mārupe, Latvia

2013

€118m

GROWTH EQUITY

N/A

100-500

SPH Engineering's logo

SPH Engineering

Smart planes and helicopters

robotics / transportation

sph-engineering.com

Riga, Latvia

2013

N/A

N/A

10-50

Advertisement
SummarizeBot's logo

SummarizeBot

Unique artificial intelligence algorithms to summarize any kind of information

AI / education

summarizebot.com

Riga, Latvia

2018

EARLY VC

N/A

1-10

Sun Finance's logo

Sun Finance

Consumer lending company

fintech / mortgages & lending

sunfinance.group

Riga, Latvia

2012

N/A

N/A

500-1000

TrustSearch's logo

TrustSearch

Search engine for trust

B2B / security

thetrustsearch.com

Riga, Latvia

N/A

N/A

1-10

Veritacell's logo

Veritacell

Set of medical tools and a unique methodology for extracting patient's own cells to activate effective skin renewal

health / biotech

veritacell.com

Riga, Latvia

2018

N/A

N/A

1-10

Vialet's logo

Vialet

Digital finance management service and contactless VIALET Mastercard

fintech / mobile app

vialet.eu

Riga, Latvia

2017

N/A

N/A

1-10

Vigo's logo

Vigo

Digital rehabilitation tool for stroke recovery

health / biotech

vigo.health

Riga, Latvia

2018

€0m

N/A

N/A

1-10

ZELF's logo

ZELF

Instant money in messenger

banking / mobile app

zelf.co/en

Riga, Latvia

2017

€2m

SEED

N/A

1-10

Advertisement
Eco Baltia's logo

Eco Baltia

Providing waste collection and recycling management services

waste solutions / energy

ekobaltija.lv

Riga, Latvia

2002

€10m

EARLY VC

€40-60m

10-50

Coffee Pixels's logo

Coffee Pixels

We've found the inspiration to do coffee in a whole new way - using the whole coffee fruit, not just part of the bean

food / manufacturing

coffeepixels.com

Baldone, Latvia

2010

N/A

N/A

1-10

F3's logo

F3

Develops a social app for asking questions and creating answers, with all content disappearing in 72 hours

media / social media

f3.cool

Riga, Latvia

2018

3.55m

SEED

€14-21m

10-50

Chisell's logo

Chisell

MAIN - CHISELL

health /

chisell.eu

Riga, Latvia

2018

1-10

Klix.app's logo

Klix.app

One account for secure purchases in online stores

fintech / payments

klix.app

Riga, Latvia

2019

1-10

Logos provided by Clearbit