Series Unknown Funded Startups in Latvia
The largest disclosed round among these Series Unknown Latvia entries is Naco at $11M on 2023-04-04; that amount dwarfs the next-largest disclosed rounds,…
The largest disclosed round among these Series Unknown Latvia entries is Naco at $11M on 2023-04-04; that amount dwarfs the next-largest disclosed rounds, including Mobilly ($4M on 2025-08-25) and Cellbox Labs ($4M on 2025-08-06), plus Mintos at $3M on 2024-08-06. Disclosed minimums are much smaller: Cubed shows $10K on 2023-05-03, while two entries list undisclosed amounts (DEAC on 2023-07-20 and TapBox on 2023-02-01).
The concentration pattern is also visible: there are multiple Riga-based rounds (for example Mobilly and Cellbox Labs in Riga during August 2025, Sorsera and Medon across 2024 in Riga-area locations), and the visible timeline for these 16 rows runs from 2023-02-01 (TapBox) through 2025-08-25 (Mobilly). Sector-wise, Information Technology appears 3+ times (Mobilly, Cellbox Labs, TapBox), while AI appears 3 times as well (Sorsera, Exponential Technologies, and the AI-labeled entries in 2024–2023).
Most recent rounds
16 shownRelated listings
Frequently asked
What outlier stands out in disclosed Series Unknown funding, and how does it compare to the rest of the list?
Naco’s $11M disclosed round on 2023-04-04 is the largest in this set and is far above the next-largest disclosed amounts, with Mobilly ($4M on 2025-08-25) and Cellbox Labs ($4M on 2025-08-06) tied, plus Mintos at $3M on 2024-08-06.
Do Riga-area companies cluster by geography more than other locations in this snapshot?
Riga and Riga-area entries dominate this list: Mobilly (Riga) and Cellbox Labs (Riga) both land in August 2025, and multiple other rows are based in Riga or nearby metro cities such as Marupe (Sorsera) and Jelgava/Jurmala (Texora, Tournated).
Which entries are in the most recent 90 days of the shown data?
Within the most recent 90 days ending on 2025-08-25, Mobilly ($4M on 2025-08-25) and Cellbox Labs ($4M on 2025-08-06) are the two closest-to-date rounds, with Adventum Tech ($280K on 2025-05-23) also falling within that window.
Is Information Technology or AI over-represented compared with other sectors here?
Yes for both: Information Technology appears in at least three entries (Mobilly, Cellbox Labs, TapBox), and AI is also repeated three times (Sorsera $1M on 2024-09-04; Exponential Technologies $310K on 2023-12-15; Sorsera is the other AI-labeled company in the set alongside those).
Are there meaningful amount outliers on the low end, aside from undisclosed rounds?
Cubed at $10K on 2023-05-03 is the smallest disclosed amount in this set; additionally, two entries are undisclosed (DEAC on 2023-07-20 and TapBox on 2023-02-01), so they sit outside the disclosed range comparisons.
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