BalticVC

Riga-based manufacturer of 3D-printed aircraft components AM Craft has raised €600K in a pre-seed round from Estonian Change Ventures and Latvian BADideas.fund.

Lithuanian educational toy subscription startup LILEDU  (known and operated under the brand name Žaislų klubas in Lithuania) has raised €500K in an oversubscribed round from Lithuanian fund and accelerator Firstpick, Latvian BADideas.Fund, Berlin-based VC Heartfelt,  and some business angels, whose names are undisclosed.

Latvian biotech Cellbox Labs , which develops industrial organ-on-chip technology, has raised €935K in a pre-seed round, led by Latvian Buildit VC, with participation from a syndicate of 12 LatBAN’s angels, managed by Girts Licis, Latvian investment fund ASP Asset Management AIFP, and its owner Ansis Spridzans.

Latvian LongeVC has invested in the US startup Catena Biosciences . The total amount of the extended seed round was $2.35M. Existing investors California Innovation Fund, the US Civilization Ventures and Pioneer Fund, and new investors Freeflow from the US, Californian Caffeinated Capital, and the BrightEdge - American Cancer Society participated in the round.

Latvian LongeVC has invested in the US AI-driven platform HelixNano , which allows to development of mRNA vaccines and therapies to boost the immune system’s power to fight infectious diseases, oncology, and other indications. 

US-based Payall Payment Systems , a full-cycle modular infrastructure provider for international payments, has acqhired the team of Latvian startup Huntli . The US company has also acquired Huntli's source code and re-signed Huntli's clients. 

Stapes , a Riga-based maker of vibroacoustic beds that help reduce stress, has raised €50K from a Latvian fund and accelerator Buildit . 

Riga-based investment firm New Nordic Ventures backed a US AI-powered training platform for brokerage companies and real estate teams Agently . The amount of the round is undisclosed.

Riga-based platform for digitizing and delivering of bulk materials transportation Viangoo has secured €100K as a follow-on investment from state-owned development finance institution Altum. In March, Viangoo also achieved its highest monthly turnover to date – almost €400K. Last month, it also saw a record amount of cargo delivered in one day – 117. 

Latvian LongeVC has invested in the US biotech startup Rubedo Life Sciences , which developed a drug discovery platform that helps to identify and target cells that cause aging. The €37,3M Series A round was led by Californian Khosla Ventures and London-based Ahren Innovation Capital, with participation from Saudi Arabian non-profit organization Hevolution Foundation, California-based VC R42 Group, Houston-based Modi Ventures, Singaporean Cerigo Investments, Californian investment firms Shanda Group and Refactor Capital, Italian Angels for Growth, and others.

Latvian AI-based career assistant Orbit8  has raised €155K out of its €200K target. Latvian fund and accelerator Buildit and a syndicate of Latvian business angels via investment funds ASP Asset Management AIFP and CR Capital (launched by Orbit8 founder Voldemars Bredikis) have already secured the funding. The expected valuation of Orbit8 after fundraising is €1M.

Latvian fintech inGain   has raised €650K from Estonian Trind VC, Budapest-based Fiedler Capital, Latvian business angels network (LatBAN), and several business angels. 

Tallinn-based AI copilot for small and large sales teams, Salesforge  has raised €470K from Latvian BADideas.fund , Estonian Spring Capital, Budapest-based Fiedler Capital, and Maciej Zawadzinski, a business angel from Poland.

Education platform Edurio , based in Latvia and the UK, has raised €636K from Lithuanian Practica Capital and some business angels from Latvia, the UK, and Australia. 

Riga-based New Nordic Ventures has invested in the Latvian verification platform for banks and other financial institutions Verifeye Online . The amount of funding was not disclosed, but New Nordic Ventures typically invests between €200K and €300K in the early stages.

Latvian LongeVC has invested in Zagreb-based biotech startup Ani Biome . The amount of the deal was not disclosed.

Polish fintech AvaFin with Latvian roots has been acquired by South African retail bank Capitec. Capitec's stake in the company has increased to 97,69% after acquiring 57,03% of AvaFin for €26.3M. Following the acquisition, AvaFin's management will hold 2.31% of the company.

Garri Zmudze, a business angel and co-founder of Latvian LongeVC, has invested in three US-based startups.

Latvian medtech SepsiScan has recently raised €50K from the Latvian Commercialization Reactor Seed Fund.

Latvian augmented reality social networking platform RedFrog  has raised €50K from Latvian accelerator Buildit. The deal was closed in December 2023.