Baltic banks faced big AML scandals. That created huge regtech demand. Riga and Vilnius now ship compliance tools. Specialist VCs back them. Here are 11 investors funding Baltic regtech in 2026.
The Baltics faced major money-laundering scandals. That created very strong demand for new regtech tools.
Riga and Vilnius now ship serious compliance tools. Salv and Copla now lead the whole Baltic regtech pack.
Specialist regtech VCs now back most of these teams. Local Baltic funds co-invest right alongside them.
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 | |
|---|---|---|---|---|
| Iron Wolf Capital | VC (Vilnius) | Up to EUR 2M | Deep tech, regtech, AI | ironwolf.vc |
| Illuminate Financial | VC (London) | Seed-Series A | Regtech, fintech infra | illuminatefinancial.com |
| Seedcamp | VC (London) | Pre-seed, seed | Regtech, enterprise | seedcamp.com |
| Change Ventures | VC (Riga) | EUR 100K-500K | Pre-seed B2B, regtech | changeventures.com |
| Practica Capital | VC (Baltic) | Seed-Series A | Fintech, regtech, SaaS | practica.vc |
| FIRSTPICK | VC (Baltic) | EUR 50K-250K | Fintech, regtech, cyber | firstpick.vc |
| Karma Ventures | VC (Tallinn) | Series A | Deep tech, regtech | karma.vc |
| Overkill Ventures | VC (Riga) | Pre-seed | B2B tech, regtech | overkill.vc |
| Speedinvest | VC (Vienna) | Seed | Fintech, regtech | speedinvest.com |
| ALTUM | State fund (Latvia) | LP commitments | VC funds | altum.lv |
| LatBAN | Angel network (Riga) | Angel tickets | Tech, generalist | latban.lv |
Run your regtech raise from one link
Ellty shows which VC opened your deck, so you follow up first, not late.
Start free 14-day trialWhat a regtech VC backs
They back tools that cut real compliance workload. Regulated banks always pay up to stay fully legal.
They want regulated banks signed as paying clients. A paid pilot with one real bank is a strong start.
Most enter at the seed stage and follow to Series A. Regtech tends to be a slow but a very sticky sale.
See our Riga fintech investors list for more names too. Ellty shows exactly which fund opened your full deck.
We're backing the resilience layer that every regulated organisation will need.
11 Riga regtech investors
1. Iron Wolf Capital
A pan-Baltic deep-tech VC that led the Copla round.
Recent Activity: Led Copla's EUR 6M regtech round in 2026
LinkedIn: Iron Wolf Capital on LinkedIn
Sector Focus: Deep tech, regtech, AI
Stage Focus: Pre-seed, seed
Check Size: Up to EUR 2M
Location: Vilnius, Lithuania
Website: ironwolf.vc
2. Illuminate Financial
A specialist regtech and fintech-infrastructure VC.
Recent Activity: A specialist regtech and fintech-infra VC
LinkedIn: Illuminate Financial on LinkedIn
Sector Focus: Regtech, fintech infra
Stage Focus: Seed, Series A
Check Size: Seed-Series A
Location: London, UK
Website: illuminatefinancial.com
3. Seedcamp
Europe's main seed fund and an early backer of Salv.
Recent Activity: An early backer of Salv and spektr
LinkedIn: Seedcamp on LinkedIn
Sector Focus: Regtech, enterprise
Stage Focus: Pre-seed, seed
Check Size: Pre-seed, seed
Location: London, UK
Website: seedcamp.com
4. Change Ventures
A Riga pre-seed VC backing ambitious Baltic founders.
Recent Activity: A Riga pre-seed backer of Baltic teams
LinkedIn: Change Ventures on LinkedIn
Sector Focus: Pre-seed B2B, regtech
Stage Focus: Pre-seed
Check Size: EUR 100K-500K
Location: Riga, Latvia
Website: changeventures.com
5. 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, regtech, SaaS
Stage Focus: Seed, Series A
Check Size: Seed-Series A
Location: Vilnius and Baltics
Website: practica.vc
6. FIRSTPICK
A Baltic first-cheque fund that also backed Copla.
Recent Activity: Backed Copla's regtech Series A
LinkedIn: FIRSTPICK on LinkedIn
Sector Focus: Fintech, regtech, cyber
Stage Focus: Pre-seed
Check Size: EUR 50K-250K
Location: Vilnius and Baltics
Website: firstpick.vc
Send each regtech fund a tracked link
Ellty logs every open and read. Chase the keen funds first, not days too late.
Start free 14-day trial7. Karma Ventures
An Estonian VC fund backing Baltic deep-tech teams.
Recent Activity: An Estonian fund backing deep tech
LinkedIn: Karma Ventures on LinkedIn
Sector Focus: Deep tech, regtech
Stage Focus: Series A
Check Size: Series A
Location: Tallinn, Estonia
Website: karma.vc
8. Overkill Ventures
A Riga pre-seed fund backing B2B tech teams early.
Recent Activity: A Riga pre-seed B2B tech fund
LinkedIn: Overkill Ventures on LinkedIn
Sector Focus: B2B tech, regtech
Stage Focus: Pre-seed
Check Size: Pre-seed
Location: Riga, Latvia
Website: overkill.vc
9. Speedinvest
A European VC backing fintech and regtech startups.
Recent Activity: A European fund backing fintech and regtech
LinkedIn: Speedinvest on LinkedIn
Sector Focus: Fintech, regtech
Stage Focus: Seed
Check Size: Seed
Location: Vienna, Austria
Website: speedinvest.com
10. 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
11. LatBAN
Latvia's main business angel network, set up in 2014.
Recent Activity: Latvia's main business angel network
LinkedIn: LatBAN on LinkedIn
Sector Focus: Tech, generalist
Stage Focus: Pre-seed, seed
Check Size: Angel tickets
Location: Riga, Latvia
Website: latban.lv
AML scandals drove the demand
Big Baltic banks got caught laundering dirty money. Tough new rules then hit the entire region very hard.
That pain created huge new demand for regtech here. Regulated banks now buy AML tools far more quickly.
Store all sensitive files in one virtual data room. Ellty logs exactly who studies your full deck here.
Run a clean cyber due diligence prep well ahead of time. Ready teams quickly win solid bank and investor trust.
Compliance is now a product
Compliance once meant slow, manual paperwork only. Now it ships as proper, audit-ready live software.
Copla turns complex rules into clear guided workflows. That replaces all the slow, manual compliance checks.
Set access per fund using strong granular permissions. Share only what each VC fund genuinely needs to see.
Share your key docs safely with secure file sharing. Ellty logs every open and full read across your deck.
Selling regtech across the EU
EU rules are broadly shared right across the bloc. One single product can serve many EU markets at once.
That wide EU market draws in plenty of specialist VCs. Strong regtech scales well far beyond just Latvia.
Capture early bank demand with strong lead capture. Ellty tracks every fund that reads your full deck.
Run a really tight due diligence process for funds. Ellty keeps your raise on one secure, tracked link.
How to pitch a regtech investor
Lead with the work you cut.
- 1.Lead with the work you cut.Show hours and risk saved.
- 2.Prove it with a real bank.Share a paid pilot result.
- 3.Show your EU-wide reach.Name the rules you cover.
- 4.Send one Ellty link to your deck.See which fund reads to the end.
How Ellty helps you land a regtech investor in Riga
Your Riga investor list is ready. Set up a data room before the first call.
- 1.Upload your deck, metrics and pilots.Keep every regtech 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 regtech fundraising questions
- Baltic VCs and regtech specialists. Plus angels.
- Often EUR 50K to EUR 2M. Some funds write more.
- Big AML scandals drove demand. Talent is deep.
- Iron Wolf, Illuminate and Seedcamp do. Plus locals.
- Yes, EU rules are shared. One product fits many.
- Before your first VC call. Track who reads your deck.
