96 Riga Startups to Watch in 2020

Riga's tech sector is booming. This year’s list of the best 96 Riga tech startups is an eclectic mix of hyper-growth scaleups, small creative startups and everything in between.

The last update was made on February 16, 2020. This is how we decide who shows up.

Riga 10+ employees Fast-growing

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Mogo Finance

Mogo Finance provides non-bank car financing for consumers.

Riga   251-500   $25,459,611  


Mintos is a global online marketplace that provides retail investors with an easy and transparent way to invest in loans.

Riga   11-50   $7,860,118  


Europe’s largest online and mobile consumer lending group, providing convenient and responsible access to credit across 16 countries.

Riga   501-1000   $734,175,109  

Robocash Group

Robocash Group is an international financial group providing consumer alternative lending and marketplace funding in Europe and Asia.

Riga   1001-5000    


Sonarworks is an innovative audio technology startup that will redefine headphone and music delivery industries

Riga   43840   $7,763,818  


Nordigen is building transaction analytics tools for banks and lenders

Riga   11-50   $1,031,865  


Monify supports small-medium enterprises by providing unsecured on-line business loans of up to 100'000 EUR under 1 business hour

Riga   11-50   $5,811,248  


Infogram, a software company, develops web-based data visualization app that helps users make beautiful charts, maps and infographics.

Riga   11-50   $2,066,347  

Buildit Accelerator

Buildit, Accelerator of Things, for startups in hardware & IoT

Riga   43840   $2,332,105  


We build smart robots that bring unprecedented value to its owners.

Riga   11-50   $7,677,759  


YaClass is an edutech startup offering K12 online programs in math, sciences and languages, as well as preparation tests for state exams.

Riga   51-100   $790,980  


ApexQubit is developing a 2nd generation platform for drugs engineering powered by quantum computing and artificial intelligence.

Riga   43840   $22,608  

Food Union Group

Food Union unites the best food companies from all over the world

Riga   1001-5000   $225,000,000  

Marine Digital

ML-based Terminal Operation Systems for bulk and general cargo Terminals/Stevedores (B2B SAAS) integrated with trade finance marketplace

Riga   43840   $68,210  


Edurio is building tools to improve schools.

Riga   11-50   $2,402,972  


Asya is an app for mindful conversation powered by Ethical AI

Riga   43840   $136,086  


World’s first autonomous digital safe.

Riga   43840   $1,000,000  


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.

Riga   43840   $1,550,000  


SPACEPASS is a centralized booking platform, integration hub and SaaS solutions for the coworking and flex-office industry

Riga   11-50   $600,000  


OROCON is specially created construction site management software for companies who dream BIG

Riga   11-50   $207,916  


ZoomCharts offers data visualization software for creating interactive visual data interfaces.

Riga   11-50   $1,204,206  


Loyalty-as-a-Service & Interaction-as-a-Service platforms

Riga   43840   $222,175  


HYGEN’s ”Wallbox" connected to a regular household gas grid can fuel your gas powered vehicle at-home/office in just 3 minutes.

Riga   11-50   $3,500,000  


mint.me is a mobile app for social networking by those seeking to meet people nearby.

Riga   43840   $1,000,000  

Zippy ID

ID verification

Riga   43840   $168,501  


Anatomy Next is augmented reality and web-based software for personalized medical education and healthcare.

Riga   43840   $401,189  

Wiserstate (Motivio)

Automated business coaching platform. Like Peloton, but for business coaching.

Riga   43840   $190,126  


Open operating system for production 3D printing

Riga   43840   $179,286  


AI-powered call recording mobile App

Riga   43840   $22,804  


Eco-technology for Sustainable Preservation

Riga   43840   $298,491  


Digital assistant for people taking care of relatives with dementia.

Riga   43840   $17,052  


Fabula is an ebook subscription service for mobile devices allowing its users to select the relevant titles and motivates them to read more.

Riga   43840   $917,824  


Bindwise makes it easy for online retailers & brands to automate key processes, reduce human errors and grow their business.

Riga   43840   $54,709  


Polylabs in a chemical production company that produces bio polyols - bio based raw materials for the polyurethane industry.

Riga   43840   $435,837  

PV Stream

Web-based all-in-one platform for that supports Solar Project development.

Riga   43840   $114,245  

ZEN FinTech

Mobile SAAS solutions for online lending industry.

Riga     $167,677  


The PlayGineering Systems team has been providing sport technology solutions for professional sport games since 2008

Riga   43840   $509,267  

KOOL Latvija

"KOOL Latvija" is a new concept gas station created in Latvia, which at the same time is also a convenient fast shopping place.

Riga     $1,500,000  


Toneboard (Techstars London '17) identifies health problems of the elderly at an early stage based on the way they talk

Riga   43840   $175,291  


Mobilly is a provider of pay for parking, buy train or bus tickets with your phone or on the Internet services.

Riga     $1,197,474  


Tilde develops language technology and localisation solutions that help customers to cross language barriers in the digital age.

Riga   101-250   $105,056  


Qfer allows restaurants/cafes get access to tech tools big technological guys like Starbucks use (like payments, pre-ordering, marketing).

Riga   43840   $187,808  

Naco Technologies

Naco Technologies develops, manufactures, and supplies nano coating technologies to customers worldwide.

Riga     $1,587,900  


The effective way to boost sales and customer care skills.

Riga   43840   $346,258  


HansaMatrix is using original design manufacturing (ODM) business model.

Riga   101-250   $3,408,962  


An online management platform for long term property rentals.

Riga   43840   $54,425  


Digas designs a game changing product for high horsepower diesel engine applications.

Riga     $1,650,541  


Conelum, a biotechnological startup, develops rapid microbiological diagnostic tests for food and drink industry companies.

Riga   43840   $266,051  


Mobocars is an online resource for users to find cars for rent around Europe.

Riga   43840   $60,000  


Fitness is closer than you think.

Riga   43840   $41,625  


Ask.fm is the largest teenager Q&A social network connecting and engaging people by asking questions.

Riga   51-100    

Maintenel Automation

Reducing Operating and Maintenance Costs of Your Equipment

Riga   43840   $236,559  


Inpharmatis offers comprehensive regulatory affairs services to life Science industry including drug development & vigilance services.

Riga   11-50   $83,304  


The most compact and simple to use timekeeping system for athletes.

Riga   43840   $21,980  


Save 99% on Mobile data, Roaming, International Calls. And use Wi-Fi to call for free.

Riga   43840   $58,135  


Allatherm provides thermal science and heat transfer devices manufacturing expertise, contract R&D, and consulting services.

Riga     $83,346  


Bio2You offers high quality natural skin care and lifestyle products with seabuckthorn energy.

Riga   11-50   $265,001  


Koatum is a 7th Commercialization Reactor-born med-tech startup, founded in Riga, Latvia (2014).

Riga     $68,464  

Advanced Vector Analytics

AVA's main focus is on radical reducing number of vibration sensors for predictive condition monitoring & maintenance of complex structures.

Riga   43840   $131,482  


TWINO is a privately-owned marketplace lender operating across 9 countries.



SIA "DARDEDZE HOLOGRAFIJA" provides offset printing and holographic security solutions.

Riga     $968,638  


New music creation and playback standard

Riga   43840   $824,064  


UPRENT is a pumping system rental provider which are accompanied with trench shoring systems and power generators.

Riga   51-100   $225,619  


KLEAN is a two-sided marketplace for on-demand cleaning services.

Riga   43840   $65,451  

Art Fairs Service

Building art walls for international art fairs, exhibitions, galleries & museums

Riga   43840   $274,709  


RentMama is an online car rental service that curates offers from a multitude of small and medium car rental companies.

Riga   11-50   $119,422  


TransfoElectric is an high-tech startup based in Riga, Latvia working with wireless chargers for Electric vehicles

Riga   43840   $1,281,306  


Cost-efficient solution for large-scale log data collection, high-speed search & visual analytics.

Riga   43840   $267,996  


evOLED develops inexpensive organic light-emitting diode (OLED) panels by using chemical elements instead of rare-earth elements.

Riga   43840   $66,668  


Prakse owns and operates an online platform for employers and students seeking an internship.

Riga   11-50   $248,122  


Most popular resource that offers information about WordPress themes, plugins, services and web design related information

Riga   43840    


E-commerce platform for digital content creators

Riga   11-50    

Rigvir Holding

Rigvir Holding is the manufacturer of unique cancer medicine, which is able to find and destroy malignant tumor cells in the human body.

Riga   101-250   $55,831  


ScoreFellas is a web-based platform that enables its users to follow their favorite sports and predict game results.

Riga     $66,908  

Veiters Corp

VEITERS is one of the largest offset printing and high quality printing companies in the Baltic countries.

Riga     $480,000  

HEE Photonics Labs

HEE Photonics Labs is a space research and development platform.

Riga     $55,958  


Loved.la is a startup providing a recommendation engine for movies, TV shows, books and music.

Riga   43840   $100,000  


MaxTraffic offers an online tool that affects website visitor behavior in a way that increases conversions.

Riga   43840   $66,050  

Certes Technologies

Certes PentaClass is classroom, auditorium and meeting room voice reinforcement system.

Riga   43840   $62,030  


MightyFingers is an HTML5 game engine for two-dimensional and isometric online games.

Riga   43840   $68,423  


Payment Institution, Payment Gateway & Card Issuer

Riga   11-50    

Baltic Floating Structures

Baltic Floating Structures develops innovative solutions in water construction industry.

Riga   11-50   $222,779  


PractiCan connects students with large and mid-size companies opening doors to professional career.

Riga     $68,464  


ONLYOFFICE is a free and open source office suite integrated with a set of productivity tools: projects, CRM, mail, calendar.

Riga   43840    


Tinder for loans

Riga   43840    


Viventor is a peer-to-peer lending platform that makes secured investing simple and accessible.

Riga   43840    


SetupAd is a marketing and an advertising company.

Riga   43840    

NFC Team

NFC Team is a software house which develops loyalty solutions for POS terminals, mobile apps, and web-based CRM systems.

Riga     $68,529  


Nanooptometrics (NOM) is a European start-up company which offers a new generation of ultra-high performance metrology instruments.

Riga     $67,363  

Spatial Initiatives

Spatial Initiatives develops innovative laser- and lidar-based measuring technologies for engineering and geomatics applications.

Riga   43840   $271,637  

LED Chemicals

LED Chemicals is a company active in development and production of novel phosphors for LED applications.

Riga     $68,735  


SIA RŪĶIS is a manufacturing company that specializes in PVC (polyvinyl chloride) products, and metal frame construction.

Riga     $275,114  

Baltic Wild Fish

Baltic Wild Fish, SIA is a provider of forest meat.

Riga   137596   $240,725  

Orions Logistika

SIA Orions Logistika manufactures boilers and boiler houses for district heating systems, and small and medium enterprises.

Riga   181077   $125,247  

Stream Networks

Stream Networks SIA provides fixed and mobile data transmission services, and Internet access to corporate clients in Latvia.

Riga   101627   $1,199,949  


KTN makes innovation in the railways automation proposing a control system IntelHeat for fully automatic management of railway points.

Riga   120167   $53,081  

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