Riga runs Baltic fintech. Mintos and Sun Finance scaled from here. New state-backed funds add early cash. Baltic startups raised a record in 2025. Here are 12 investors funding Riga fintech in 2026.
Riga now sits right at the heart of Baltic fintech. Mintos and Sun Finance both grew and scaled from here.
New state-backed funds now add real early-stage cash. ALTUM has just seeded three brand-new local VC funds.
Baltic startups raised a record EUR 607M across 2025. Latvia took a solid slice of that whole record total.
You will pitch several of these funds in one cycle. Ellty keeps your whole deck behind one tracked link.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Change Ventures | VC (Riga) | EUR 100K-500K | Pre-seed fintech, SaaS | changeventures.com |
| Practica Capital | VC (Baltic) | Seed-Series A | Fintech, SaaS, marketplaces | practica.vc |
| FIRSTPICK | VC (Baltic) | EUR 50K-250K | Fintech, SaaS, cyber | firstpick.vc |
| Overkill Ventures | VC (Riga) | Pre-seed | B2B tech, fintech | overkill.vc |
| Outlast Fund | VC (Riga) | Pre-seed, seed | B2B software | |
| BADideas.fund | VC (Riga) | EUR 250K-1.5M | Pre-seed, seed | badideas.fund |
| Buildit VC | VC (Riga) | Pre-seed, seed | Hardware, deep tech | buildit.vc |
| Commercialization Reactor | Venture builder (Riga) | Seed | Deep tech | crreactor.com |
| ALTUM | State fund (Latvia) | LP commitments | VC funds | altum.lv |
| LatBAN | Angel network (Riga) | Angel tickets | Tech, generalist | latban.lv |
| Superhero Capital | VC (Finland-Baltic) | EUR 100K-500K | Fintech, B2B SaaS | |
| Karma Ventures | VC (Tallinn) | Series A | Deep tech, fintech | karma.vc |
Run your fintech raise from one link
Ellty shows which VC opened your deck, so you follow up first, not late.
Start free 14-day trialWhat a Riga fintech VC backs
They back a real edge in payments or lending here. A clean licence and compliance path matters early.
They want real traction here, not just a neat demo. Show real active users and genuinely steady revenue.
Most enter at the pre-seed and seed stage in Riga. A few will then follow on into your Series A round.
See our Athens seed investors list for more names too. Ellty shows exactly which fund opened your full deck.
These financial results reflect the strength of our business model and our commitment to the best investment solutions for long-term investors.
12 Riga fintech investors
1. Change Ventures
A Riga pre-seed VC backing ambitious Baltic founders.
Recent Activity: An early backer of Riga's Nordigen
LinkedIn: Change Ventures on LinkedIn
Sector Focus: Pre-seed fintech, SaaS
Stage Focus: Pre-seed
Check Size: EUR 100K-500K
Location: Riga, Latvia
Website: changeventures.com
2. Practica Capital
A Baltic seed fund running a fresh EUR 80M fund now.
Recent Activity: Closed an EUR 80M Baltic fund
LinkedIn: Practica Capital on LinkedIn
Sector Focus: Fintech, SaaS, marketplaces
Stage Focus: Seed, Series A
Check Size: Seed-Series A
Location: Vilnius and Baltics
Website: practica.vc
3. FIRSTPICK
A Baltic first-cheque fund and startup accelerator.
Recent Activity: Backs Baltic fintech, SaaS and cyber
LinkedIn: FIRSTPICK on LinkedIn
Sector Focus: Fintech, SaaS, cyber
Stage Focus: Pre-seed
Check Size: EUR 50K-250K
Location: Vilnius and Baltics
Website: firstpick.vc
4. Overkill Ventures
A Riga pre-seed fund backing B2B tech teams early.
Recent Activity: A Riga pre-seed B2B accelerator fund
LinkedIn: Overkill Ventures on LinkedIn
Sector Focus: B2B tech, fintech
Stage Focus: Pre-seed
Check Size: Pre-seed
Location: Riga, Latvia
Website: overkill.vc
5. Outlast Fund
A Riga and Stockholm fund backing B2B software teams.
Recent Activity: Closed a first EUR 21M Baltic fund
LinkedIn: Outlast Fund on LinkedIn
Sector Focus: B2B software
Stage Focus: Pre-seed, seed
Check Size: Pre-seed, seed
Location: Riga and Stockholm
Website: Outlast Fund on LinkedIn
6. BADideas.fund
An ALTUM-backed Latvian pre-seed and seed-stage fund.
Recent Activity: An ALTUM-backed pre-seed fund
LinkedIn: BADideas.fund on LinkedIn
Sector Focus: Pre-seed, seed
Stage Focus: Pre-seed, seed
Check Size: EUR 250K-1.5M
Location: Riga, Latvia
Website: badideas.fund
Send each fintech fund a tracked link
Ellty logs every open and read. Chase the keen funds first, not days too late.
Start free 14-day trial7. Buildit VC
An ALTUM-backed hardware and deep-tech Latvian fund.
Recent Activity: An ALTUM-backed hardware and deeptech fund
LinkedIn: Buildit VC on LinkedIn
Sector Focus: Hardware, deep tech
Stage Focus: Pre-seed, seed
Check Size: Pre-seed, seed
Location: Riga, Latvia
Website: buildit.vc
8. Commercialization Reactor
A Riga deep-tech venture builder and an early fund.
Recent Activity: A Riga deep-tech venture builder
LinkedIn: Commercialization Reactor on LinkedIn
Sector Focus: Deep tech
Stage Focus: Pre-seed, seed
Check Size: Seed
Location: Riga, Latvia
Website: crreactor.com
9. ALTUM
Latvia's state fund sitting behind the new VC funds.
Recent Activity: Latvia's state fund behind the new VCs
LinkedIn: ALTUM on LinkedIn
Sector Focus: VC funds
Stage Focus: Fund-of-funds
Check Size: LP commitments
Location: Riga, Latvia
Website: altum.lv
10. LatBAN
Latvia's main business angel network, set up in 2014.
Recent Activity: Syndicated EUR 500K into Buildit and Outlast
LinkedIn: LatBAN on LinkedIn
Sector Focus: Tech, generalist
Stage Focus: Pre-seed, seed
Check Size: Angel tickets
Location: Riga, Latvia
Website: latban.lv
11. Superhero Capital
A Finland and Baltic seed fund backing B2B software.
Recent Activity: A Finland and Baltic seed fund
LinkedIn: Superhero Capital on LinkedIn
Sector Focus: Fintech, B2B SaaS
Stage Focus: Seed
Check Size: EUR 100K-500K
Location: Helsinki and Baltics
Website: Superhero Capital on LinkedIn
12. Karma Ventures
An Estonian VC fund backing Baltic deep-tech teams.
Recent Activity: An Estonian fund backing Baltic deep tech
LinkedIn: Karma Ventures on LinkedIn
Sector Focus: Deep tech, fintech
Stage Focus: Series A
Check Size: Series A
Location: Tallinn, Estonia
Website: karma.vc
Riga is a Baltic fintech hub
Riga has a deep and lower-cost fintech talent pool. Costs stay well below those of Western Europe here.
Mintos, Twino and Sun Finance all grew large here. New founders learn a huge amount from those teams.
A clear, sharp pitch deck opens up that first call. Ellty shows exactly who reads it through to the end.
Prep a clean diligence report well before you pitch. Clean, complete data wins much faster term sheets.
State money seeds the funds
ALTUM now anchors most of these new local VC funds. State cash sits right behind the whole seed market.
BADideas, Buildit and Outlast all just launched here. Together they add over EUR 62M in fresh founder cash.
Track every reader with strong document analytics. Ellty logs each open and every full read of your deck.
Lock financial data down with password protection. Ellty keeps every fintech file in one secure place.
Building for the EU passport
Latvia sits firmly inside the EU and the eurozone. One single licence can passport across the whole bloc.
That lets Riga fintechs sell right across the EU fast. Investors here love that one large, open EU market.
Keep your investor relations warm right across borders. Ellty keeps every single fund on one tracked link.
Run a clean IT due diligence prep well ahead of time. Ready teams build real investor trust much faster.
How to pitch a fintech investor
Lead with your fintech edge.
- 1.Lead with your fintech edge.Show what you solve and why.
- 2.Prove traction with real numbers.Share volume, revenue and growth.
- 3.Map your licence and EU reach.That is the risk VCs watch most.
- 4.Send one Ellty link to your deck.See which fund reads to the end.
How Ellty helps you land a fintech investor in Riga
Your Riga investor list is ready. Set up a data room before the first call.
- 1.Upload your deck, metrics and cap table.Keep every fintech file in one room.
- 2.Send each fund a unique tracked link.Set view and download rights per fund.
- 3.Watch opens and follow up on time.Chase the funds that read to the end.
Riga fintech fundraising questions
- Baltic VCs and state-backed funds. Plus angels.
- Often EUR 50K to EUR 1.5M. Some funds write more.
- Yes, Mintos and Sun Finance grew here. Costs are low.
- Yes, ALTUM seeds the new funds. It adds early cash.
- Yes, Latvia is in the EU. One licence covers it.
- Before your first VC call. Track who reads your deck.
