BalticVC

In 2025 investment in Latvian startups grew by 190% to €73M. However, the actual amount may be even higher, as not all companies have publicly announced their investments. In 2024, the amount was much more modest – around €25M.

Latvian fintech startup Upwood has raised €50K in seed funding from US-based ZAS Ventures .

The Latvian-founded stablecoin infrastructure startup Nodu raised 1.45M in the pre-seed round from Digital Space Ventures . This funding will help Nodu expand its global reach, strengthen its engineering and regulatory compliance teams, and strengthen partnerships with banks and financial companies. 

The American company Netflix has acquired the Estonian platform Ready Player Me , specializing in the creation of digital avatars for games and virtual worlds. The financial terms of the deal were not disclosed, but it is known that the Ready Player Me team, numbering about 20 employees, will completely transfer to the Netflix Games division.

The Estonian startup Cara Health , which provides support to women during pregnancy and the postpartum period, has announced its rebranding and renaming to Suun. The company plans to enter the UK market in the near future.

Estonian Trind Ventures has participated in a €5M round for the Finnish Bahn Express automotive logistics platform. The round was led by node.vc and supported by the existing investor Innovestor and the angel investors including Vincent Ho-Tin-Noé (CPO, Wolt), Tuomo Riekki (Co-Founder, Smartly, Zero) and Jiri Heinonen (Co-Founder, Swappie).