37 Latvia Startups to Watch (and Work for) in 2023
The momentum in Europe's startup ecosystem is palpable, and Latvia continues to play a role in this growth story. Last year, Latvia startups showcased their mettle, attracting investment and generating interest across the globe.
Last year, startups in Latvia raised $6.5 Million in capital and so far this year, they've raised $1.2 Million, even though 2023 has seen slower investment activity globally. This is a testament to Europe (and Latvia's) resilience.
As we get into the end of 2023, we've curated a list of the top Latvia startups like Sonarworks, Swotzy and SpirulinaNord that are making waves. We update this list monthly by tracking 17,000 technology companies in Europe in our database and sort them dynamically using our Seedtable score, ensuring objectivity.
Changelog
Last update: November 2, 2023. Updated the Investor Score. See changelog .
Rankings are calculated using our Seedtable score – a 1 to 100 score that uses quantitative and qualitative data points (examples are money raised or employees over time) to signal the momentum behind a company. A score closer to 100 indicates a company worth watching closely.
Featured companies in Latvia
Get access to the Seedtable database with +17,000 companies (37 from Latvia)Featured
Sonarworks is an innovative audio technology startup that will redefine headphone and music delivery industries
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Latest Funding
$6 Million
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Employees
1 to 10
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Investors
Superangel, Revo Capital, Karma Venture, Almaz Capital
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Business Model
B2B, SAAS
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Industries
Music and Audio
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Locations
Riga
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Contact
•••••@sonarworks.com
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Featured
E-commerce shipping platform.
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Latest Funding
$550 Thousand · Pre Seed
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Employees
1 to 10
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Investors
FIRSTPICK, Black Pearls VC
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Business Model
B2B
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Industries
Ecommerce, Supply Chain & Logistics
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Locations
Riga
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Contact
•••••@swotzy.com
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Featured
Drinks from microalgae spirulina.
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Latest Funding
$640 Thousand · Seed
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Employees
1 to 10
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Business Model
B2C
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Industries
Foodtech
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Locations
Riga
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Contact
•••••@spirulinanord.eu
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List of 37 top tech companies in Latvia
Get access to the Seedtable database with +15k companies (37 from Latvia)Nordigen is building transaction analytics tools for banks and lenders
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Latest Funding
$2.6 Million · Seed
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Industries
Fintech
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Locations
Riga
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Inventure, Id4 ventures, Black Pearls VC
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Contact
•••••@nordigen.com
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F3 develops a social app for asking questions and creating answers, with all content disappearing in 72 hours.
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Latest Funding
$3.9 Million · Seed
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Industries
Mobile, Consumer Social, Sales and Marketing
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Locations
Riga
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Employees
11 to 50
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Business Model
B2C
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Contact
•••••@f3.cool
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CENOS reinvents engineering simulation for mass adoption
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Latest Funding
$1.1 Million · Seed
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Industries
AR / VR, Proptech & Real Estate, Manufacturing, Metaverse
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Locations
Riga
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Employees
11 to 50
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Business Model
B2B
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Investors
Startup Wise Guys
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Contact
•••••@cenos-platform.com
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Hyper-localized ads anywhere!
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Latest Funding
$2.1 Million · Seed
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Industries
Adtech, Data and Analytics, Sales and Marketing, Business Intelligence
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Locations
Riga
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Employees
11 to 50
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Business Model
B2B, SAAS, MARKETPLACE
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Contact
•••••@roibox.com
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Exponential Technologies is an AI-driven design of experiment software that allows users to conduct experiments and data analysis.
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Industries
AI, Deep Tech, Machine Learning, Data and Analytics, Manufacturing, Business Intelligence
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Locations
Riga
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
APX
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Contact
•••••@x-t.ai
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Solfeg.io is an interactive app for learning and teaching music.
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Latest Funding
$1 Million
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Industries
Edtech, Music and Audio, Mobile
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Locations
Riga
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Employees
1 to 10
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Business Model
FREEMIUM
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Contact
•••••@solfeg.io
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Sell.xyz is a one-stop ecommerce solution connecting the new generation of creators and merchants with dropshipping and wholesale suppliers
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Latest Funding
$1.6 Million · Pre Seed
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Industries
Mobility & Transportation, Ecommerce
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Locations
Riga
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Employees
11 to 50
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Business Model
B2B, MARKETPLACE
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Contact
•••••@sell.xyz
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Naco builds a manufacturing station to provide its clients with ready-to-use coated parts for hydrogen production.
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Latest Funding
$1.7 Million · Seed
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Industries
Climate Tech & Green Tech, Mobility & Transportation, Energy & Nuclear, Robotics, Manufacturing
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Locations
Riga
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Employees
1 to 10
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Business Model
B2B
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Contact
•••••@naco.tech
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Universal solution for parking and wireless charging electric transport
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Latest Funding
$350 Thousand · Pre Seed
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Industries
Hardware, Mobility & Transportation, Energy & Nuclear, Manufacturing, Internet of Things, Supply Chain & Logistics
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Locations
Riga
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@meredot.com
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Conelum, a biotechnological startup, develops rapid microbiological diagnostic tests for food and drink industry companies.
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Industries
Health Tech, Deep Tech
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@conelum.com
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LANDE is a crowdfunding platform focused on financing the agricultural sector.
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Locations
Riga
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Employees
11 to 50
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Contact
•••••@lendsecured.eu
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Mobilly is a provider of pay for parking, buy train or bus tickets with your phone or on the Internet services.
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Locations
Riga
- Employees
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Contact
•••••@mobilly.lv
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OROCON is specially created construction site management software for companies who dream BIG
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Locations
Riga
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Employees
11 to 50
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Contact
•••••@orocon.me
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Polylabs in a chemical production company that produces bio polyols - bio based raw materials for the polyurethane industry.
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Industries
Proptech & Real Estate, Manufacturing
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@polylabs.eu
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Roamer is a mobile app that links regular mobile numbers to a foreign SIM and saves up to 97% on roaming charges for calls and data.
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Industries
Hardware
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@roamerapp.com
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SIA RŪĶIS is a manufacturing company that specializes in PVC (polyvinyl chloride) products, and metal frame construction.
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Industries
Proptech & Real Estate
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Locations
Riga
- Employees
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Contact
•••••@rukis.lv
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New music creation and playback standard
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Industries
Music and Audio, Media and Entertainement
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@soundigo.net
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SPACEPASS is a centralized booking platform, integration hub and SaaS solutions for the coworking and flex-office industry
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Locations
Riga
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Employees
11 to 50
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Contact
•••••@spacepass.global
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Spatial Initiatives develops innovative laser- and lidar-based measuring technologies for engineering and geomatics applications.
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Industries
Deep Tech
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@spatialinitiatives.org
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Stream Networks SIA provides fixed and mobile data transmission services, and Internet access to corporate clients in Latvia.
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Locations
Riga
- Employees
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Contact
•••••@streamnetworks.lv
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VEITERS is one of the largest offset printing and high quality printing companies in the Baltic countries.
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Industries
Media and Entertainement, Manufacturing
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Locations
Riga
- Employees
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Contact
•••••@veiters.lv
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Infogram, a software company, develops web-based data visualization app that helps users make beautiful charts, maps and infographics.
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Industries
Creative Tools
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Locations
Riga
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Employees
11 to 50
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Contact
•••••@infogram.com
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ZoomCharts offers data visualization software for creating interactive visual data interfaces.
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Industries
Creative Tools
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Locations
Riga
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Employees
11 to 50
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Contact
•••••@zoomcharts.com
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The effective way to boost sales and customer care skills.
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@branchtrack.com
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E-commerce shipping platform.
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Industries
Ecommerce, Supply Chain & Logistics
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@om
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ML-based Terminal Operation Systems for bulk and general cargo Terminals/Stevedores (B2B SAAS) integrated with trade finance marketplace
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@marine-digital.com
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The PlayGineering Systems team has been providing sport technology solutions for professional sport games since 2008
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Industries
Sportstech, Video, Communications
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@playgineering.com
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Buildit, Accelerator of Things, for startups in hardware & IoT
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Industries
Fintech, Hardware
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@buildit.lv
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Edurio is building tools to improve schools.
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Locations
Riga
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Employees
11 to 50
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Contact
•••••@edurio.com
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HansaMatrix is using original design manufacturing (ODM) business model.
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Locations
Riga
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Employees
101 to 250
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Contact
•••••@hansamatrix.com
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HYGEN’s ”Wallbox" connected to a regular household gas grid can fuel your gas powered vehicle at-home/office in just 3 minutes.
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Industries
Mobility & Transportation
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Locations
Riga
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Employees
11 to 50
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Contact
•••••@hygengroup.com
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Eco-technology for Sustainable Preservation
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Industries
Proptech & Real Estate, Manufacturing
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@alina-premium.com
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Building art walls for international art fairs, exhibitions, galleries & museums
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Industries
Proptech & Real Estate, Media and Entertainement
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@artfairsservice.com
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Cost-efficient solution for large-scale log data collection, high-speed search & visual analytics.
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Locations
Riga
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Employees
1 to 10
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Contact
•••••@clusterpark.com
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- UK (2677)
- Germany (1917)
- France (1901)
- Spain (963)
- Sweden (949)
- Switzerland (715)
- Netherlands (570)
- Italy (521)
- Denmark (491)
- Finland (443)
- Norway (420)
- Belgium (291)
- Ireland (286)
- Poland (259)
- Scotland (253)
- Portugal (247)
- Austria (218)
- Estonia (218)
- Turkey (198)
- Bulgaria (146)
- Czech Republic (142)
- Hungary (135)
- Iceland (127)
- Malta (119)
- Romania (114)
- Luxembourg (89)
- Lithuania (78)
- Greece (55)
- The Netherlands (44)
- Latvia (37)
- Slovakia (28)
- Cyprus (26)
- Slovenia (25)