Latvia startup funding
European tech funding profile
155 startups in Latvia have closed 238 funding rounds and raised €634M in equity funding (excluding debt and grants) and recorded 13 exits. Debt rounds added €716M. Software is the most active sector, and Imprimatur Capital is the most active investor. Data as of 4 Nov 2026.
#33 in Europe by equity raised — 0.1% of all European startup equity funding.
Equity funding
€634M
excl. debt & grants · +€716M debt
Funding rounds
238
Companies
155
Named investors
185
Exits
13
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsLatvia — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2011 | €0 | 2 |
| 2012 | €386k | 4 |
| 2013 | €724k | 7 |
| 2014 | €13M | 38 |
| 2015 | €20M | 43 |
| 2016 | €23M | 47 |
| 2017 | €11M | 12 |
| 2018 | €5.7M | 2 |
| 2019 | €9.4M | 6 |
| 2020 | €43M | 7 |
| 2021 | €225M | 13 |
| 2022 | €115M | 14 |
| 2023 | €55M | 13 |
| 2024 | €30M | 14 |
| 2025 | €69M | 11 |
| 2026 | €11M | 4 |
Top sectors
by deal countLatvia — top sectors — interactive chart.
Data table
| Latvia — top sectors | |
|---|---|
| Software | 53 |
| Fintech | 41 |
| Robotics | 18 |
| Edtech | 15 |
| Media | 14 |
| Healthtech | 14 |
| Marketing | 13 |
| Cybersecurity | 11 |
| Energy | 11 |
| Transportation | 10 |
Stage mix
by € raisedLatvia — stage mix — interactive chart.
Data table
| Latvia — stage mix | |
|---|---|
| Debt | €716M |
| Other | €282M |
| Series A | €173M |
| Series B | €74M |
| Seed | €57M |
| Early VC | €29M |
| Pre-Seed | €12M |
| Crowdfunding | €7.3M |
| Grant | €4.8M |
Top deals
largest disclosed roundsTop investors
named, by deal count| Imprimatur Capital | 62 |
| FlyCap | 16 |
| Change Ventures | 14 |
| ZGI Capital | 9 |
| BaltCap | 4 |
| Expansion Capital | 4 |
| EXPANSION CAPITAL FUND | 4 |
| Practica Capital | 3 |
| the Untitled | 3 |
| Skillion Ventures | 3 |
Top cities
by € raised| Riga | €1.1B | 119 | |
| London | €30M | 5 | |
| Mārupe | €1.3M | 1 | |
| Vālodzes | €600k | 1 | |
| Valmiera | €80k | 1 |