Latvian fintech startup Upwood raises €50K

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

Upwood is a fintech startup founded in Riga, Latvia, in 2023. The company has developed a platform that provides access to forest assets through the tokenization of real assets. Upwood combines investments in forests, valuable tokens, and carbon credits in a single system. Investors purchase digital shares backed by real forests. Upwood's CEO is Lauris Borodovskis.

The investment will be used to further develop Upwood's products, implement its regulatory compliance roadmap, and enter the market. The company is preparing for the widespread rollout of its platform and obtaining EU approvals.

ZAS Ventures is a venture capital firm founded in 2021 that invests in Central and Eastern European startups in the SaaS, AI, and cloud technology sectors. ZAS Ventures also offers a platform for technical leaders and investors to engage with the startup ecosystem. The company is headquartered in San Francisco, USA. Founder & Managing Partner at ZAS Ventures - Andrew Zinchuk.

More

Netflix buys Estonian Ready Player Me

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.
Read more »