Funded Startups in Riga
The largest disclosed round in the Riga list is Sonarworks at $6M (2021-07-14), and it sits far above most other disclosed amounts, where the bulk of figur…
The largest disclosed round in the Riga list is Sonarworks at $6M (2021-07-14), and it sits far above most other disclosed amounts, where the bulk of figures cluster between roughly $1M and $3M (e.g., Naco $3M on 2025-01-14; Origin Robotics $3M on 2024-10-25; Mintos $3M on 2024-08-06). The top end is otherwise thinner: besides $6M, the next-highest disclosed rounds are $4M (Mobilly on 2025-08-25; Cellbox Labs on 2025-08-06).
Temporal concentration is visible: out of 35 rows, the most recent date is 2025-10-30 (Desktop Commander, $1M) and the oldest is 2020-02-12 (Edurio, $500K). The table also shows disclosure gaps that affect comparisons—five entries list amounts as undisclosed (Ambear 2025-04-14; RivalSense 2024-06-05; DEAC 2023-07-20; TapBox 2023-02-01; PeerBerry 2022-08-15). Stage labeling is frequently missing as well: five companies carry “Series Unknown” (Mobilly, Cellbox Labs, Adventum Tech, Mintos, and Mapon).
Most recent rounds
35 shownRelated listings
Frequently asked
What does the largest disclosed Riga round look like compared to the rest of the list?
Sonarworks closed at $6M on 2021-07-14, and it is the only disclosed round at that level. The next-largest disclosed amounts are $4M for Mobilly (2025-08-25) and Cellbox Labs (2025-08-06), with many other disclosed rounds landing nearer $1M–$3M (for example Naco $3M on 2025-01-14 and Jeff $2M on 2024-07-17).
Is there a cluster of rounds in a narrow time window among the most recent entries?
Yes. In the last ~5 months of the displayed range, multiple rounds appear within a tight spread: $1M on 2025-10-30 (Desktop Commander), $100K on 2025-10-17 (Adsmom), two $4M rounds in August 2025 (Cellbox Labs on 2025-08-06 and Mobilly on 2025-08-25), and then $160K on 2025-05-27 (POSfinance) and $280K on 2025-05-23 (Adventum Tech).
Which disclosed amounts are the weakest signals for ranking, and how many entries are not comparable by disclosed size?
Five entries have “undisclosed” amounts, so they can’t be used in largest/smallest comparisons (Ambear on 2025-04-14; RivalSense on 2024-06-05; DEAC on 2023-07-20; TapBox on 2023-02-01; PeerBerry on 2022-08-15). Among disclosed amounts, the lowest visible figure is Cubed at $10K on 2023-05-03, which is far below the cluster around $1M–$3M (e.g., CENOS $1M on 2022-02-01 and Medon $350K on 2024-05-29).
How much of the stage detail is missing, and does that skew interpretation across this Riga set?
Stage labels are missing in multiple ways: five entries show “Series Unknown” (Mobilly 2025-08-25, Cellbox Labs 2025-08-06, Adventum Tech 2025-05-23, Mintos 2024-08-06, Mapon 2024-03-11). Separately, two entries show labeled stages but “undisclosed” amounts (e.g., RivalSense as Angel on 2024-06-05; PeerBerry as Secondary Market on 2022-08-15), which reduces clarity when segmenting by both stage and round size.
Are any sectors repeated often enough to form a recognizable cluster?
Artificial Intelligence (AI) appears repeatedly across different years and stages: Desktop Commander (Pre-Seed, $1M on 2025-10-30), Adsmom (Pre-Seed, $100K on 2025-10-17), Ambear (undisclosed on 2025-04-14), RivalSense (Angel, undisclosed on 2024-06-05), Exponential Technologies (Series Unknown, $310K on 2023-12-15), and Sonarworks (Venture, $6M on 2021-07-14 shows an AI-adjacent listing in this dataset. Financial Services also recurs (POSfinance 2025-05-27; Mintos 2024-08-06; Jeff 2024-07-17; Nordigen 2021-06-02; ZELF 2021-02-25), indicating repeated investor focus rather than one-off funding.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.