# Investors based in Riga (2026 list) > 53 investors based in Riga, 6% active in the last 12 months. Led by iTech Capital, Outlast Fund, BADideas. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-riga (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Riga Updated 7 November 2026 Firms with an address in Riga. A head office is a fact about the firm; where it invests is on its own page. [See all 53 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-riga)The top 25 **53** investors on the list No change this week **5** cheques in 12 months Too few cheques to tell **$2.9M** median round they joined *-64%* against the market median **6%** wrote a cheque in 12 months **4%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (3) - 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 [BADideas](https://millionrounds.com/fund/badideas) *Deploying now* VC firm · Latvia **2** **$3.2M** median round **Feb 2026** last seen - 4 [FlyCap](https://millionrounds.com/fund/flycap) quiet VC firm · Latvia **2** **$1.6M** median round **Mar 2015** last seen - 5 [4finance](https://millionrounds.com/fund/4finance) quiet VC firm · Latvia **1** **$35M** median round **Dec 2016** last seen - 6 [Buildit Accelerator](https://millionrounds.com/fund/buildit-vc) *Deploying now* Accelerator · Latvia **1** **$292K** median round **Aug 2026** last seen - 7 [Cabra VC](https://millionrounds.com/fund/cabra-vc) quiet VC firm · Latvia **1** **$8M** median round **Apr 2019** last seen - 8 [RubyLight](https://millionrounds.com/fund/rubylight) quiet VC firm · Latvia **1** **$1.7M** median round **Dec 2014** last seen - 9 [4PM Ventures](https://millionrounds.com/fund/4pm-ventures) unknown Venture studio · Latvia **none observed** **-** median round **-** last seen - 10 [ABZ Ventures](https://millionrounds.com/fund/abz-ventures) unknown VC firm · Latvia **none observed** **-** median round **-** last seen - 11 [AJP Capital](https://millionrounds.com/fund/ajp-capital) unknown Asset manager · Latvia **none observed** **-** median round **-** last seen - 12 [ALTUM](https://millionrounds.com/fund/altum) unknown Government · Latvia **none observed** **-** median round **-** last seen - 13 [AmberStone Group, AS](https://millionrounds.com/fund/amberstone-group-as) unknown Private equity · Latvia **none observed** **-** median round **-** last seen - 14 [Aquarium Investments](https://millionrounds.com/fund/aquarium-investments) unknown Angel · Latvia **none observed** **-** median round **-** last seen - 15 [BTC Blockchain Technology Capital](https://millionrounds.com/fund/btc-blockchain-technology-capital) unknown Latvia **none observed** **-** median round **-** last seen - 16 [Baltic Partners](https://millionrounds.com/fund/baltic-partners) unknown Advisor · Latvia **none observed** **-** median round **-** last seen - 17 [Business & Investment, LTD](https://millionrounds.com/fund/business-and-investment-ltd) unknown Investment firm · Latvia **none observed** **-** median round **-** last seen - 18 [Capital Consulting Group Latvia](https://millionrounds.com/fund/capital-consulting-group-latvia) unknown Investment firm · Latvia **none observed** **-** median round **-** last seen - 19 [Capitalia](https://millionrounds.com/fund/capitalia) unknown Private credit · Latvia **none observed** **-** median round **-** last seen - 20 [Capitalia Venture Capital Fund](https://millionrounds.com/fund/capitalia-venture-capital-fund) unknown VC firm · Latvia **none observed** **-** median round **-** last seen - 21 [Citadele Banka AS](https://millionrounds.com/fund/citadele-banka-as) unknown Corporate VC · Latvia **none observed** **-** median round **-** last seen - 22 [Commercialization Reactor](https://millionrounds.com/fund/commercialization-reactor) unknown Accelerator · Latvia **none observed** **-** median round **-** last seen - 23 [Connect Baltic Group](https://millionrounds.com/fund/connect-baltic-group) unknown VC firm · Latvia **none observed** **-** median round **-** last seen - 24 [Draugiem Group](https://millionrounds.com/fund/draugiem-group) unknown Company · Latvia **none observed** **-** median round **-** last seen - 25 [Eleving Group](https://millionrounds.com/fund/eleving-group) unknown Corporate VC · Latvia **none observed** **-** median round **-** last seen **28 more on this list** All 53 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-riga) ## The Newest Cheques Rounds this list's investors joined most recently - **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) - **17** Aug **[Handwave](https://millionrounds.com/company/handwave)** Seed · $4.2M *Led by* [Outlast Fund](https://millionrounds.com/fund/outlast-fund) ## Stages This Year 5 rounds - Pre-seed **40%** - Seed **40%** - Other **20%** ## What They Backed Sectors, last 12 months - AI **3** - E-commerce **2** - Edtech **1** - Education **1** - Fashion **1** - Hardware & Electronics **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 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Riga ### Who are the most active investors based in Riga? By cheques observed, the most active are iTech Capital, Outlast Fund, BADideas, FlyCap and 4finance. ### How many investors based in Riga are there? 53 are on record. 6% made an investment in the last 12 months and 4% have led a round. ### Which stages do investors based in Riga back? Of the rounds with a named stage in the last 12 months, mostly Pre-seed (50%) and Seed (50%). ### How big are the rounds investors based in Riga join? The typical (median) round among the leading investors here is $3.2M. ### Which sectors do investors based in Riga back most? In the last 12 months, mostly AI, E-commerce and Edtech. ### Which investors based in Riga lead the most rounds? Outlast Fund (2 led) and Buildit Accelerator (1 led). ### What have investors based in Riga invested in recently? Recent rounds include Wisby (Other, Aug 2026, with Buildit Accelerator), display.dev (Pre-seed, Jul 2026, with Outlast Fund) and Tingit (Seed, Feb 2026, with BADideas). ### How is this list of investors based in Riga 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)