Recently Funded Startups in Latvia (Aug-2025)
Last Updated: 30-Aug-2025
The startup ecosystem in Latvia has continued to evolve, showcasing a vibrant landscape for innovation and entrepreneurship. With 38 startups currently tracked, the country has seen a surge in investment activity, indicating a growing interest from both local and international investors. This environment not only supports emerging technologies but also fosters collaboration among various sectors, contributing to the overall economic growth of the region.
In 2025, funding opportunities have remained strong with 5 startups successfully raising a total of $3,093,800 so far this year. This marks a continuation of the investment trend observed last year, during which 12 startups secured funding. Key industries driving this momentum include manufacturing, hardware, and financial services, all of which have attracted significant financial backing and highlight Latvia’s potential as a hub for innovative solutions.
Funding Highlights
- Total number of startups tracked: 38
- Number of startups that raised funding last year: 12
- Number of startups that raised funding this year: 5
- Total funding raised this year so far: $3,093,800
- Largest deal: Naco, Seed, $2,600,000
- Top industries by funding amount: Manufacturing – $2,600,000, Hardware – $284,200, Financial Services – $159,600
- Top industries by number of deals this year: Artificial Intelligence (AI) – 1 deal, Commerce and Shopping – 1 deal, Financial Services – 1 deal
Full List of Recently Funded Startups in Latvia
| Company | City | Country | Round | Amount | Date | Industry |
|---|---|---|---|---|---|---|
| Mobilly | Riga | Latvia | Series Unknown | $4M | 2025-08-25 | Information Technology |
| Cellbox Labs | Riga | Latvia | Series Unknown | $3.8M | 2025-08-06 | Information Technology |
| POSfinance | Riga | Latvia | Pre-Seed | $159.6K | 2025-05-27 | Financial Services |
| Adventum Tech | Riga | Latvia | Series Unknown | $284.2K | 2025-05-23 | Hardware |
| Ambear | Riga | Latvia | Pre-Seed | Undisclosed | 2025-04-14 | Artificial Intelligence (AI) |
| Tournated | Jurmala | Latvia | Series Unknown | $50K | 2025-02-12 | Commerce and Shopping |
| Naco | Riga | Latvia | Seed | $2.6M | 2025-01-14 | Manufacturing |
| Origin Robotics | Riga | Latvia | Pre-Seed | $2.6M | 2024-10-25 | Government and Military |
| Sorsera | Marupe | Latvia | Series Unknown | $1.4M | 2024-09-04 | Artificial Intelligence (AI) |
| Mobilly | Riga | Latvia | Series Unknown | Undisclosed | 2024-08-15 | Information Technology |
| BeTRITON | Valmiera | Latvia | Series Unknown | $87.4K | 2024-08-07 | Transportation |
| Mintos | Riga | Latvia | Series Unknown | $3.4M | 2024-08-06 | Financial Services |
| Jeff | Riga | Latvia | Seed | $2M | 2024-07-17 | Financial Services |
| Texora | Jelgava | Latvia | Series Unknown | $216.3K | 2024-06-12 | Manufacturing |
| RivalSense | Riga | Latvia | Angel | Undisclosed | 2024-06-05 | Artificial Intelligence (AI) |
| Medon | Riga | Latvia | Series Unknown | $345.9K | 2024-05-29 | Health Care |
| AM Craft | Riga | Latvia | Pre-Seed | $649.4K | 2024-05-15 | Manufacturing |
| Cellbox Labs | Riga | Latvia | Pre-Seed | $1M | 2024-05-10 | Information Technology |
| Mapon | Riga | Latvia | $3.3M | 2024-03-11 | Financial Services | |
| Naco | Riga | Latvia | Seed | $1.3M | 2023-12-20 | Manufacturing |
| Exponential Technologies | Riga | Latvia | Series Unknown | $305.4K | 2023-12-15 | Artificial Intelligence (AI) |
| SpirulinaNord | Riga | Latvia | Seed | $634.9K | 2023-10-20 | Food and Beverage |
| Swotzy | Riga | Latvia | Pre-Seed | $547.6K | 2023-08-14 | Software |
| DEAC | Riga | Latvia | Series Unknown | Undisclosed | 2023-07-20 | Hardware |
| WeedBot | Riga | Latvia | Series Unknown | $463.5K | 2023-05-12 | Agriculture and Farming |
| Cubed | Riga | Latvia | Series Unknown | $5K | 2023-05-03 | Real Estate |
| FIS.solutions | Riga | Latvia | Series Unknown | $272.6K | 2023-04-05 | Other |
| Naco | Riga | Latvia | Series Unknown | $11M | 2023-04-04 | Manufacturing |
| Hyperjob | Riga | Latvia | Seed | $476.7K | 2023-04-04 | Software |
| TapBox | Riga | Latvia | Series Unknown | Undisclosed | 2023-02-01 | Information Technology |
Frequently Asked Questions
Q1. Where can I find recently funded startups in Latvia?
You can explore our full list of startups that raised funding this month above. You can also subscribe to our free plan to get weekly alerts.
Q2. How many startups in Latvia were funded this year and last year?
In Latvia 5 startups raised funding so far in 2025 and 12 raised funding last year; we track 38 startups in total.
Q3. What is the total funding and largest deal for Latvian startups in 2025?
Total funding raised in Latvia so far in 2025 is $3,093,800; the largest deal was Naco (Seed) at $2,600,000.
Q4. Which industries are trending among recently funded startups in Latvia?
By funding amount: Manufacturing $2,600,000; Hardware $284,200; Financial Services $159,600. By number of deals: AI 1 deal, Commerce and Shopping 1 deal, Financial Services 1 deal.
Q5. How can I connect with these startups in Latvia?
You can subscribe to our premium plan for verified CEO and decision-maker contacts.
