15 Best Startups in Riga to Watch in 2025

The Definitive Seedtable Ranking of Startups in Riga

We track 71,000+ companies and rank them dynamically using our Seedtable Score – a score that uses quantitative and qualitative data points to signal the momentum behind a company. We then monitor the list manually leveraging our expertise as founders and investors.

There are 15 start-ups with an aggregate funding of $327.1m. The average funding per company in this subset is $21.8m.

Last update to the database: Feb 18, 2025. See changelog.

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2

Funding Rounds

$3.2m

Money raised

The first free European open banking API that provides regulated connections to major European banks.

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3

Funding Rounds

$19.6m

Money raised

Aerones is a company building heavy-lift drones founded in 2015 by Janis Putrams.

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3

Funding Rounds

$106.0m

Money raised

Lokalise is a web-based translation system

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3

Funding Rounds

$14.2m

Money raised

Prezi is a presentation software founded by Ádám Somlai-Fischer.

3

Funding Rounds

$4.8m

Money raised

Nano-coating solutions provider for green energy systems.

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1

Funding Rounds

$4.2m

Money raised

The innovative digital banking service for cross-border merchants Offers an UK account and multi-currency IBANs to send and receive high-value business payments Target segments are private international businesses with £25M - £50M turnover p.a. (so far underserved by payment platforms) Core products are local accounts in the Netherlands, UK, Luxembourg, Denmark and Germany with multi-currency IBANs that enable businesses to send and receive high-value international payments Provides personal managers to each clients for 24/7 service

2

Funding Rounds

$1.4m

Money raised

Engineering simulation platform for SMB. CENOS helps small engineering companies to replace physical prototyping with virtual testing.

1

Funding Rounds

$5.4m

Money raised

Service for complex prototyping of IoT products and solutions.

2

Funding Rounds

Sellfy is a company founded in 2011 by Maris Dagis.

1

Funding Rounds

$257.3k

Money raised

Biotechnological startup offering rapid microbiological diagnostic tests for food and drink industry companies.

1

Funding Rounds

$5.7m

Money raised

Mintos is a company founded in 2014 by Martins Sulte.

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2

Funding Rounds

$567.5k

Money raised

ALINA is an eco-technology for Sustainable Preservation founded in 2005 by Dāvids Štēbelis, Solvita Kostjukova and Ģirts Ozols.

1

Funding Rounds

$130.0m

Money raised

Printful prints custom products on-demand for online businesses, and ships each order to their customers around the world.

1

Funding Rounds

$22.8m

Money raised

Financial services platform using advanced financial technology tools.

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2

Funding Rounds

$9.1m

Money raised

Origin is a drone-launched precision weapon systems developer founded in 2022 by Agris Kipurs.

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