Funded Startups in Latvia
Latvia’s most recent funded rounds (44 entries) show a pronounced funding-size outlier: Sonarworks closed a $6M round on 2021-07-14, while the next-highest…
Latvia’s most recent funded rounds (44 entries) show a pronounced funding-size outlier: Sonarworks closed a $6M round on 2021-07-14, while the next-highest disclosed amounts are $4M (Mobilly on 2025-08-25 and Cellbox Labs on 2025-08-06) and $3M appears repeatedly (e.g., Mintos on 2024-08-06; Naco on 2025-01-14). The funding amounts also cluster in the mid-range: many disclosed rounds sit between ~$270K and ~$650K (for example, Exponential Technologies at $310K in 2023-12-15 and AM Craft at $650K in 2024-05-15). Date-wise, this page spans from 2020-02-12 (Edurio, $500K) to 2026-06-29 (Adsmom, $340K), with a dense run in 2024–2025.
Sector and staging lean heavily toward recurring labels: Artificial Intelligence (AI) appears in at least 6 entries (e.g., BirdyChat on 2026-05-05 at $2M; Sorsera on 2024-09-04 at $1M), and “Series Unknown” is present in at least 16 entries (e.g., PrintyMed on 2026-05-13 at $590K; Medon on 2024-05-29 at $350K). “Undisclosed” amounts appear 4 times (e.g., Ambear on 2025-04-14; RivalSense on 2024-06-05), and Riga dominates the geography with repeated rounds across companies located in Riga between 2025 and 2024 (including multiple $3M and $2M rounds).
Most recent rounds
44 shownRelated listings
Frequently asked
What’s the largest disclosed round in this Latvia list, and how far above the rest is it?
Sonarworks’ $6M round on 2021-07-14 is the top disclosed amount on the page. The next-highest disclosed figures are notably lower—$4M for Mobilly (2025-08-25) and Cellbox Labs (2025-08-06), and $3M for several companies such as Naco (2025-01-14) and Mintos (2024-08-06).
Are the biggest checks concentrated in a particular city or are they spread across locations?
Riga-based companies account for multiple of the largest disclosed rounds, including Mobilly ($4M, 2025-08-25), Cellbox Labs ($4M, 2025-08-06), and several $3M rounds like Mintos ($3M, 2024-08-06) and Nordigen ($3M, 2021-06-02). Non-Riga locations show up too (e.g., Saldus for P-Agro Minerals at $10K in 2026-06-15), but the highest disclosed amounts are repeatedly tied to Riga.
Which timeframe looks most dense based on the most recent entries shown here?
Many of the latest disclosed rounds cluster through 2024–2025, with multiple consecutive placements in 2025 such as Adsmom ($340K, 2026-06-29 is most recent but followed by earlier 2025 entries) and several 2025 rounds including BirdyChat ($2M, 2026-05-05) and Desktop Commander ($1M, 2025-10-30). The oldest disclosed amount in the visible rows is Edurio on 2020-02-12 ($500K), indicating the list spans roughly six years.
Does any sector appear often enough to suggest a repeat theme across these funded rounds?
Artificial Intelligence (AI) is the most recurring sector label, appearing in at least 6 entries (e.g., BirdyChat $2M on 2026-05-05; Desktop Commander $1M on 2025-10-30; Sorsera $1M on 2024-09-04; Exponential Technologies $310K on 2023-12-15; RivalSense listed as AI with undisclosed amount on 2024-06-05). That repeat label suggests AI is a common investment focus compared with narrower single-appearance sectors.
How much of the dataset has missing or non-disclosed financial details, and does that affect identifying outliers?
Financial detail is incomplete in two ways: “undisclosed” amounts occur 4 times (e.g., Ambear on 2025-04-14; RivalSense on 2024-06-05; TapBox on 2023-02-01; My3D.Cloud on 2022-05-18), and one row shows $0K (Deep Space Energy on 2026-04-01). The largest-amount comparison relies on disclosed values, where Sonarworks’ $6M (2021-07-14) remains the clear outlier among the disclosed rounds.
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