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🇱🇻 Latvian sport-tech startup Tournated has developed a solution that allows any sports organisation, or individual or entity running a sports management business, to launch their own sports management platform. 👉 The platform unifies sub-organisations and individuals, enabling them to manage, grow, and monetise their operations. It is already being used by 35,000 athletes from over 75 countries. #startinlatvia #startinlv

🇱🇻 ENGYcell, a Riga-based energy management startup, has secured €450,000 in funding, combining a €250,000 pre-seed investment from Change Ventures with a European Union grant 👏 Founded by the team behind OX Drive, the company provides AI-driven energy storage solutions that help commercial and industrial clients optimize electricity use, lower costs, and participate in grid-balancing markets. #startinlatvia #startinlv

🇱🇻 A new solution has emerged in Latvia’s defence technology sector. The unmanned ground platform developed by the Latvian startup Natrix is a universal, modular solution that can be adapted for various applications. Currently, the Natrix platform’s primary tasks are delivering ammunition and food to the frontline and on the return journey evacuating the wounded and deceased, thus significantly reducing the risk of casualties for rescuers who previously had to evacuate the injured manually. 🪖 Discussions are currently underway with involved parties, including Ukraine’s Ministry of Defence, regarding the possibility of supplying more Natrix ground drones to the Ukrainian army, says Natrix founder, Gatis Vectirans. #startinlatvia #startinlv #defencetech

Everyone loves success stories—the bigger, the better. However, we would all benefit from accepting that these grand success stories are exceptions rather than the norm and that, more often than not, success is more moderate and requires much more patience and hard work, says Olga Procevska, co-founder of Writitude, a platform for automated voice tone and style guides.

Butterfly Ventures is a leading seed entry deep tech VC targeting the New Nordics – Scandinavia and the Baltics. On the scene since 2012, the team is currently investing out of their 4th fund of approximately €50M, looking to add new startups to their current portfolio of around 100 deep tech startups 👇

💪 Members of the European Parliament call for the upcoming 10th Research Framework Programme to be a stand-alone Union Programme with a substantially higher budget, in order to reach the target of spending 3% of GDP on research and development (R&D) and ensure the funding of at least 75% of excellent proposals submitted.

Origin Robotics is a defense technology company that specializes in autonomous aerial combat vehicles. In October 2024, the company announced the closing of its €4 million funding round, consisting of venture capital as well as EU grants and support from the Latvian Ministry of Defence. We sat down with Agris Kipurs, Origin’s co-founder & CEO, to learn more about this investment and how the company secured it. #defencetech #howiraised #originrobotics #startinlatvia #startinlv

The Latvian government has approved co-financing the establishment of a national microchip competence centre in Latvia which aims to unite leading scientific and research institutions to drive research and innovation in key specialised fields, including semiconductor microelectronics, silicon photonics, polymer photonics, and open-source semiconductor design development.

👉 Flashpoint is a software investment asset management firm specializing in backing high-growth companies. They focus on investing in and supporting global businesses launched by founders from Europe and Israel. 🎙️ We interviewed Ilja Velickis, CFA, Head of the Latvian office and Associate Partner at Flashpoint Growth Debt Fund, to discover how they work and what kind of startups they’re on the lookout for.

Latvia has one of the lowest demographic indicators in Europe. Although demographic improvement is a national priority, many social groups face risks, particularly financial ones, when planning to grow their families. One such group is researchers, whose employment contracts are often tied to specific research projects. As a result, researchers who take parental leave frequently do not have their employment relationships renewed once the project ends, exposing them to significant financial risks 👇