# Investors based in Latvia (2026 list)

> 75 investors based in Latvia, 5% active in the last 12 months. Led by iTech Capital, Outlast Fund, Janis Krums. Ranked by what they funded.

Source: https://millionrounds.com/lists/investors-based-in-latvia (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Investors based in Latvia

Updated 7 November 2026

Firms headquartered in Latvia, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Latvia.

[See all 75 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-latvia)The top 25

**75** investors on the list No change this week

**6** cheques in 12 months Too few cheques to tell

**$2.2M** median round they joined *-73%* against the market median

**5%** wrote a cheque in 12 months

**3%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (4)

- 1 [iTech Capital](https://millionrounds.com/fund/itech-capital) quiet Private equity · Latvia **12** **$80M** median round **Nov 2018** last seen
- 2 [Outlast Fund](https://millionrounds.com/fund/outlast-fund) *Deploying now* VC firm · Latvia **4** **$2.6M** median round **Jul 2026** last seen
- 3 [Janis Krums](https://millionrounds.com/fund/janis-krums) quiet VC firm · Latvia **4** **$171K** median round **Sept 2015** last seen
- 4 [BADideas](https://millionrounds.com/fund/badideas) *Deploying now* VC firm · Latvia **2** **$3.2M** median round **Feb 2026** last seen
- 5 [FlyCap](https://millionrounds.com/fund/flycap) quiet VC firm · Latvia **2** **$1.6M** median round **Mar 2015** last seen
- 6 [4finance](https://millionrounds.com/fund/4finance) quiet VC firm · Latvia **1** **$35M** median round **Dec 2016** last seen
- 7 [Buildit Accelerator](https://millionrounds.com/fund/buildit-vc) *Deploying now* Accelerator · Latvia **1** **$292K** median round **Aug 2026** last seen
- 8 [Cabra VC](https://millionrounds.com/fund/cabra-vc) quiet VC firm · Latvia **1** **$8M** median round **Apr 2019** last seen
- 9 [Latvian Business Angel Network](https://millionrounds.com/fund/latvian-business-angel-network) *Deploying now* Angel network · Latvia **1** **$173K** median round **Nov 2026** last seen
- 10 [RubyLight](https://millionrounds.com/fund/rubylight) quiet VC firm · Latvia **1** **$1.7M** median round **Dec 2014** last seen
- 11 [4PM Ventures](https://millionrounds.com/fund/4pm-ventures) unknown Venture studio · Latvia **none observed** **-** median round **-** last seen
- 12 [ABZ Ventures](https://millionrounds.com/fund/abz-ventures) unknown VC firm · Latvia **none observed** **-** median round **-** last seen
- 13 [AJP Capital](https://millionrounds.com/fund/ajp-capital) unknown Asset manager · Latvia **none observed** **-** median round **-** last seen
- 14 [ALTUM](https://millionrounds.com/fund/altum) unknown Government · Latvia **none observed** **-** median round **-** last seen
- 15 [AirBaltic](https://millionrounds.com/fund/airbaltic) unknown Latvia **none observed** **-** median round **-** last seen
- 16 [AmberStone Group, AS](https://millionrounds.com/fund/amberstone-group-as) unknown Private equity · Latvia **none observed** **-** median round **-** last seen
- 17 [Aquarium Investments](https://millionrounds.com/fund/aquarium-investments) unknown Angel · Latvia **none observed** **-** median round **-** last seen
- 18 [Ardelta](https://millionrounds.com/fund/ardelta) unknown Family office · Latvia **none observed** **-** median round **-** last seen
- 19 [BTC Blockchain Technology Capital](https://millionrounds.com/fund/btc-blockchain-technology-capital) unknown Latvia **none observed** **-** median round **-** last seen
- 20 [Baltic Partners](https://millionrounds.com/fund/baltic-partners) unknown Advisor · Latvia **none observed** **-** median round **-** last seen
- 21 [Business & Investment, LTD](https://millionrounds.com/fund/business-and-investment-ltd) unknown Investment firm · Latvia **none observed** **-** median round **-** last seen
- 22 [CBL Asset Management pension fund from Latvia](https://millionrounds.com/fund/cbl-asset-management-pension-fund-from-latvia) unknown Asset manager · Latvia **none observed** **-** median round **-** last seen
- 23 [Capital Consulting Group Latvia](https://millionrounds.com/fund/capital-consulting-group-latvia) unknown Investment firm · Latvia **none observed** **-** median round **-** last seen
- 24 [Capitalia](https://millionrounds.com/fund/capitalia) unknown Private credit · Latvia **none observed** **-** median round **-** last seen
- 25 [Capitalia Venture Capital Fund](https://millionrounds.com/fund/capitalia-venture-capital-fund) unknown VC firm · Latvia **none observed** **-** median round **-** last seen

**50 more on this list**

All 75 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-latvia)

## The Newest Cheques

Rounds this list's investors joined most recently

- **3** Nov **[Unitoq](https://millionrounds.com/company/unitoq)** Pre-seed · $173K *With* [Latvian Business Angel Network](https://millionrounds.com/fund/latvian-business-angel-network)
- **26** Aug **[Wisby](https://millionrounds.com/company/wisby)** Other · $292K *Led by* [Buildit Accelerator](https://millionrounds.com/fund/buildit-vc)
- **1** Jul **[display.dev](https://millionrounds.com/company/display-dev)** Pre-seed · $538K *With* [Outlast Fund](https://millionrounds.com/fund/outlast-fund)
- **9** Feb **[Tingit](https://millionrounds.com/company/tingit)** Seed · $1.8M *With* [BADideas](https://millionrounds.com/fund/badideas)
- **13** Jan **[Flashka](https://millionrounds.com/company/flashka)** Pre-seed · $1.2M *Led by* [Outlast Fund](https://millionrounds.com/fund/outlast-fund)
- **25** Nov **[Juo](https://millionrounds.com/company/juo)** Seed · $4.6M *With* [BADideas](https://millionrounds.com/fund/badideas)

## Stages This Year

6 rounds

- Pre-seed **50%**
- Seed **33%**
- Other **17%**

## What They Backed

Sectors, last 12 months

- AI **3**
- E-commerce **2**
- Edtech **1**
- Education **1**
- Fashion **1**
- Fintech **1**

## Cheques by Quarter

Led Joined

1 Q1 25

Q2 25

1 Q3 25

1 Q4 25

2 Q1 26

Q2 26

2 Q3 26

1 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors based in United States 73,439](https://millionrounds.com/lists/investors-based-in-united-states)
- [Investors based in United Kingdom 8,136](https://millionrounds.com/lists/investors-based-in-united-kingdom)
- [Investors based in Canada 3,879](https://millionrounds.com/lists/investors-based-in-canada)
- [Investors based in India 3,865](https://millionrounds.com/lists/investors-based-in-india)
- [Investors based in Germany 3,455](https://millionrounds.com/lists/investors-based-in-germany)
- [Investors based in China 3,027](https://millionrounds.com/lists/investors-based-in-china)
- [Investors based in United Arab Emirates 2,916](https://millionrounds.com/lists/investors-based-in-united-arab-emirates)
- [Investors based in Australia 2,592](https://millionrounds.com/lists/investors-based-in-australia)
- [Investors based in France 2,280](https://millionrounds.com/lists/investors-based-in-france)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about investors based in Latvia

### Who are the most active investors based in Latvia?

By cheques observed, the most active are iTech Capital, Outlast Fund, Janis Krums, BADideas and FlyCap.

### How many investors based in Latvia are there?

75 are on record. 5% made an investment in the last 12 months and 3% have led a round.

### Which stages do investors based in Latvia back?

Of the rounds with a named stage in the last 12 months, mostly Pre-seed (60%) and Seed (40%).

### How big are the rounds investors based in Latvia join?

The typical (median) round among the leading investors here is $2.6M.

### Which sectors do investors based in Latvia back most?

In the last 12 months, mostly AI, E-commerce and Edtech.

### Which investors based in Latvia lead the most rounds?

Outlast Fund (2 led) and Buildit Accelerator (1 led).

### What have investors based in Latvia invested in recently?

Recent rounds include Unitoq (Pre-seed, Nov 2026, with Latvian Business Angel Network), Wisby (Other, Aug 2026, with Buildit Accelerator) and display.dev (Pre-seed, Jul 2026, with Outlast Fund).

### How is this list of investors based in Latvia ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)