Riga, Latvia · Startup Aerones is the world-leading provider of robotic wind turbine maintenance and inspection services. Founded in 2015 by Dainis Kruze and Janis Putrams, the company deploys rope-suspended robots guided by AI software to perform blade cleaning, leading-edge erosion repairs, lightning protection checks, and autonomous visual inspections — completing tasks up to four times faster than manual methods. A Y Combinator W18 graduate, Aerones has raised $115 million in total including a $62 million Series B in 2025, serves customers representing over 50% of global wind power capacity, and operates in 30+ countries.
Startup Series B RoboticsCleanTechDeep TechAIEnergy
Riga, Latvia · Startup Atlas Aerospace is a Riga-based UAV manufacturer founded in 2015 by Ivan Tolchinsky that produces lightweight reconnaissance drones for military and civilian use. Its flagship drone weighs under 2 kg, is man-portable, and carries a camera for real-time intelligence, surveillance, and reconnaissance. Atlas is a NATO supplier and has delivered over 200 drones to Ukrainian armed forces for battlefield reconnaissance. Beyond defence, the company's systems are used by Norwegian mountain-rescue teams and firefighting services worldwide. Atlas is a member of MilTech Latvia, the national defence industry cluster.
Startup Growth Deep TechRoboticsSecurityIoT
Riga, Latvia · Startup Dealita.ai is an AI-powered deal-flow management platform that automates the screening and initial evaluation of inbound investment opportunities for venture capital and private equity funds. Its algorithms process pitch decks and company data to perform initial filtering and scoring against investor-defined criteria, reducing manual triage workload. Dealita won the Startup of the Year 2024 award in Riga.
Startup Early AIFintechVenture Capital
Riga, Latvia · Startup Handwave is a Riga-based biometrics-as-a-service startup founded in 2021 by Janis Stirna and Sandis Osmanis-Usmanis that replaces cards, phones, and apps with a palm scan for payments, age verification, loyalty activation, and access control. The platform captures both surface palm lines and subdermal vein structures to build a unique encrypted biometric ID backed by two-factor authentication. Handwave has raised €4.3 million in total funding, including a €3.6 million seed round in 2025 led by Practica Capital with participation from FirstPick and Inovo.vc, and is piloting with live retailers across Europe and the US.
Startup Seed FintechCybersecurityDeep TechB2B SaaS
Riga, Latvia · Startup Hyperjob is a recruitment SaaS platform that lets companies create branded, interactive job-ad microsites reported to achieve up to six times higher candidate conversion rates than plain job board listings. Founded in 2021 by Janis Kreilis, Juris Sorokins, and Roberts Tomme, the company raised €435k in a seed round led by SMOK Ventures in 2023. The platform also offers automated, personalised LinkedIn and email candidate outreach.
Startup Seed HR TechSaaSAI
Riga, Latvia · Startup Lokalise is a Riga-founded localization platform built to help product teams ship multilingual software without turning translation into a bottleneck. Instead of relying on spreadsheets and manual handoffs, the product integrates with design, development, and collaboration tools so text can be extracted, translated, reviewed, and returned to live applications as part of normal shipping workflows. This turns localization from a late-stage publishing task into a continuous process that scales with product development. For companies expanding across Europe and beyond, that capability is operationally important because language support affects onboarding, conversion, support quality, and market-entry speed. In the regional ecosystem, Lokalise stands out as a Latvian SaaS export that solves a very real cross-border problem for digital products. It also connects naturally to companies focused on media generation and international product distribution, making it a strong addition to the directory's view of how European startups build tools for expansion across fragmented markets.
Startup Growth LocalizationB2B SaaSDeveloper Tools
Riga, Latvia · Startup Longenesis is a Riga-based digital health company founded in 2017 that builds platforms connecting pharmaceutical companies, healthcare providers, and patients to accelerate biomedical research. Its three core products — Curator, Themis, and Engage — enable privacy-preserving patient cohort discovery, consent management, and real-world evidence generation. The company has positively impacted over 850,000 patients across the EU and MENA, holds partnerships with Medtronic and Novartis, and has raised over €1 million in seed funding. It won second place at the EIT Health Catapult programme and earned an AWS Industry Award in 2023.
Startup Seed Digital HealthBiotechAISoftware
Riga, Latvia · Startup Mintos is Europe's largest regulated investment marketplace for alternative assets, founded in 2014 by Martins Sulte and Martins Valters. The platform connects retail investors with loans originated by non-bank lenders across 30+ countries, offering consumer, business, and real estate loan investments. It has facilitated over €12 billion in cumulative investments, holds a MiFID II licence from the Central Bank of Latvia, and manages over €700 million in assets for more than 500,000 registered users globally.
Startup Growth FintechB2B SaaSRegTech
Riga, Latvia · Startup Naco Technologies develops proprietary PVD nano-coatings that replace expensive platinum-group metals in hydrogen electrolysers and fuel cells, reducing the cost of green hydrogen production at scale. Founded in 2010 by Aleksandrs Parfinovičs and Raivis Nikitins, the company secured €8 million in equity plus a €2.3 million EIC Accelerator grant in 2023, followed by a further €2.5 million pre-Series A round in 2025. Naco's coatings target bipolar plates, gas diffusion layers, and membrane electrode assemblies.
Startup Series A CleanTechDeep TechMaterials Science
Riga, Latvia · Startup Nordigen is a Riga-based open banking data platform that was acquired by GoCardless in 2022. The company provides free access to bank account data through PSD2-compliant APIs, enabling fintechs, lenders, and financial service providers to retrieve transaction histories, account balances, and payment data from over 2,300 banks across 31 European countries. Nordigen's freemium model disrupted the open banking aggregation market by making basic bank connectivity accessible without per-API-call fees. As part of GoCardless, the Riga team continues to develop open banking infrastructure and represents an important Latvian contribution to Europe's financial data ecosystem.
Startup Growth FintechOpen BankingAPI Infrastructure
Riga, Latvia · Startup Origin Robotics is a Latvian defence-tech company founded in 2022 by Agris Kipurs and Ilja Nevdah in response to Russia's invasion of Ukraine. The company develops advanced autonomous UAV systems combining AI computer vision with cost-effective hardware. Its flagship BEAK system is a man-portable, mid-range precision-guided weapon with a 15 km reach already deployed by Latvian and Ukrainian armed forces, while BLAZE is an autonomous counter-UAS interceptor using radar and AI vision. Origin has raised €4 million in pre-seed funding led by Change Ventures and secured an additional €4.5 million European Defence Fund grant.
Startup Seed Deep TechRoboticsAISecurity
Riga, Latvia · Startup Printful is a Riga-founded print-on-demand and fulfillment company that enables e-commerce entrepreneurs, creators, and brands to sell custom-designed products without holding inventory. The platform handles printing, warehousing, and shipping of apparel, accessories, and home goods through its own fulfillment centers in the US, Europe, and Mexico. Printful integrates with major e-commerce platforms including Shopify, Etsy, WooCommerce, and Amazon, and has fulfilled over 70 million items. With over 1,000 employees and revenues exceeding $200 million, Printful is Latvia's largest technology company and one of the Baltic region's most significant startup success stories, demonstrating that global-scale e-commerce infrastructure can be built from Riga.
Startup Growth E-commercePrint-on-DemandFulfillment
Riga, Latvia · Startup Printify is a print-on-demand platform founded in Riga in 2015 that connects e-commerce merchants with a global network of third-party print providers. Merchants can design and sell custom products — apparel, accessories, home goods — without holding inventory. In 2021 the company raised $45 million, including from H&M Group. In late 2024 Printify merged with fellow Latvian unicorn Printful to form one of the world's largest print-on-demand groups.
Startup Growth E-commerceManufacturingSaaS
Riga, Latvia · Startup Rebookify is a Riga-based travel-automation platform that turns the price volatility of hotel inventory into recovered margin for travel agencies, TMCs, and OTAs. The system ingests a customer's refundable bookings, continuously rescans the same and equivalent room types across dozens of supplier APIs, detects when a cheaper identical alternative is available before the cancellation deadline, and either alerts the agent or auto-rebooks to capture the delta — all without disturbing the guest's reservation experience. In practice this is a meaningful margin lever: hotel rates move constantly, and even a few percent of recaptured spread across a large corporate travel book flows straight to agency bottom line. The product combines price tracking, room-equivalence matching, and workflow automation tuned to the actual operational realities of travel desks, and is a representative example of the practical B2B AI automation wave coming out of the Baltic startup scene.
Startup Early Stage TravelTechB2B SaaSAI Automation
Riga, Latvia · Startup Spotwise.ai is a Riga-based B2B SaaS company that automates competitive radio advertising intelligence for broadcaster sales and ad-ops teams. Its system continuously monitors hundreds of terrestrial and digital radio streams, uses audio fingerprinting and ASR to detect and transcribe every ad break, identifies the advertiser and creative, and then pushes the resulting 'who is advertising on my competitor' feed into CRM and lead-routing workflows that the broadcaster's sales team can actually action. The product is explicitly built for multilingual European markets where a single media group may operate stations in four or five languages, which is a harder technical setup than the US-centric incumbents handle well. For Baltic and CEE broadcasters, Spotwise is one of the few tools that turns ad monitoring from a manual panel-listening exercise into a live competitive-intel feed, and the company sits in the broader category of AI-enabled sales intelligence products coming out of the Riga ecosystem.
Startup Early Stage AdTechAISales IntelligenceMediaTech
Riga, Latvia · Startup Sun Finance Group is a Riga-based fintech company founded in 2017 by Toms Jurjevs and Emils Latkovskis that operates a mobile and online lending marketplace across Sweden, Denmark, Poland, Latvia, Vietnam, Kazakhstan, and Mexico. Its platform analyses up to 10,000 data points per applicant to deliver microloans, instalment loans, lines of credit, and Buy Now Pay Later products. The company has issued close to €2 billion in loans to over 25 million registered customers, employs 1,400+ people, and is repeatedly ranked in the Financial Times FT 1000 list of Europe's fastest-growing companies.
Startup Growth FintechB2B SaaS
Riga, Latvia · Startup Tilde is a European AI-driven language technology company founded in Riga in 1991, with 150+ professionals across offices in Riga, Vilnius, and Tallinn. The company specialises in neural machine translation, multilingual virtual assistants, and speech technologies for low-resource European languages. In 2025 it released TildeOpen LLM — a 30-billion-parameter open-source large language model covering 34 European languages, trained on the LUMI supercomputer after winning the European Commission's Large AI Grand Challenge with a €250,000 prize and 2 million GPU hours.
Startup Growth AIDeep TechSoftwareB2B SaaS
Riga, Latvia · Startup TWINO is a fully licensed and regulated investment marketplace headquartered in Riga, Latvia, founded by Armands Broks in 2015. The platform gives retail investors across 30 European countries access to consumer, business, real estate loans, and invoice financing, with average returns around 10–12% per year. TWINO holds an investment brokerage licence from the Central Bank of Latvia and is supervised under MiFID II. It has facilitated over €1 billion in cumulative loan volume and employs over 300 people worldwide.
Startup Growth FintechRegTech
Riga, Latvia · Startup Vigo Health is a digital therapeutics company that developed the Vigo app, an evidence-based, CE-marked rehabilitation tool for stroke survivors combining physiotherapy, cognitive exercises, and patient education. Founded in 2018 by healthcare innovator Kristaps Krafte and neurosurgeon Jānis Šlēziņš, Vigo became the first digital therapeutic in the Baltic states to receive a state reimbursement code from the Latvian National Health Service in 2021. The app is available for home use 24/7 via iPad.
Startup Early HealthTechDigital TherapeuticsNeurology
Riga, Latvia · Startup WeedBot builds autonomous laser weeding machines for organic vegetable farming, using computer vision and directed laser beams to destroy weeds without chemicals or manual labour. Founded in 2020 out of research at the Latvia University of Life Sciences and Technologies, the company raised €425k in a round led by Overkill Ventures in 2023. Its Lumina Laser Weeder is initially targeted at carrot cultivation, with plans to expand to other row crops.
Startup Seed AgriTechRoboticsDeep Tech