203 Top startups in Latvia for January 2025

We rank Mintos, Lokalise and Sonarworks in Latvia along with 200 other startups based on an algorithm that scores startups based on total investment, employee count, and quarterly website traffic. Latvia ranks #47 globally and #10 in Eastern Europe.

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Best Startups in Latvia for 2025

SB Score:569

Mintos is an international online platform where retail investors can easily and transparently invest in loans. Offering a user-friendly experience, Mintos connects investors with loan opportunities worldwide.

Industry:
Fintech
Subindustry:
Fintech-Other

City Rank (Riga)

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Regional Rank (Eastern Europe)

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Global Rank (WorldWide)

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SB Score:566

Lokalise streamlines translation management with automation and integration tools for businesses, enhancing efficiency and control over multilingual content.

Industry:
Software & Data
Subindustry:
Software

City Rank (Riga)

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Regional Rank (Eastern Europe)

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SB Score:513

Sonarworks started off in 2012 when two music lovers met a scientist. A perfect storm of acoustic know-how and passion for good sound became the software that's currently transforming sound monitoring.

Industry:
Social & Leisure
Subindustry:
Entertainment

City Rank (Riga)

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Regional Rank (Eastern Europe)

0

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SB Score:490

A cutting-edge global cryptocurrency exchange and wallet, providing users with a secure platform to buy, sell, and store various digital assets. Accessible and user-friendly, it offers seamless trading and storage solutions for crypto enthusiasts worldwide.

Industry:
Software & Data
Subindustry:
Software

City Rank (Malta)

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Regional Rank (Eastern Europe)

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Global Rank (WorldWide)

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SB Score:445

Edurio develops innovative tools to enhance school performance, enabling educators to make data-driven decisions.

Industry:
Edtech
Subindustry:
Edtech

City Rank (Riga)

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Regional Rank (Eastern Europe)

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6th

F3
SB Score:419

F3 is a dynamic social app that enables users to ask questions and share answers, with content disappearing after 72 hours. By allowing anonymous interactions, it fosters genuine self-expression and helps users connect with intriguing individuals in a fun, ephemeral environment.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Riga)

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Regional Rank (Eastern Europe)

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SB Score:418

Flirtu is a dating app on Telegram designed to help users discover their ideal match effortlessly. By facilitating connections through engaging features, Flirtu transforms the dating experience into an enjoyable journey, making it easier than ever to find love and companionship in the digital age.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Liepaja)

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Regional Rank (Eastern Europe)

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Global Rank (WorldWide)

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SB Score:406

Yizun Biotechnology is a pioneering immune cell therapy company specializing in innovative platform technologies for treating solid tumors and developing allogeneic universal cell therapies. Their advanced solutions aim to enhance cancer treatment outcomes and improve patient care through cutting-edge research and development.

Industry:
Healthtech
Subindustry:
Biotechnology

City Rank (Riga)

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Regional Rank (Eastern Europe)

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SB Score:396

An ed-tech company offering clear, reliable 3D anatomy models for medical students and artists, creating empowering educational tools.

Industry:
Edtech
Subindustry:
Education-Other

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

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SB Score:393

MolPort supplies chemical compounds to biotech researchers and the scientific community, facilitating access to a diverse range of substances for research purposes.

Industry:
Healthtech
Subindustry:
Biotechnology

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

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SB Score:386

Solfeg.io is a B2B2C music education platform that enhances music teaching in schools and motivates students to practice at home. By utilizing popular songs, AI-driven content, and research-backed methods, it engages learners and effectively addresses knowledge gaps, simplifying the music learning experience.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Total amount:203

Top 65 Software & Data Startups in Latvia for 2025

The top three Software & Data startups in Latvia have raised more than USD 63.1M. Latvia ranks #45 globally for the Software & Data industry.
SB Score:566

Lokalise streamlines translation management with automation and integration tools for businesses, enhancing efficiency and control over multilingual content.

Industry:
Software & Data
Subindustry:
Software

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

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Global Rank (WorldWide)

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SB Score:490

A cutting-edge global cryptocurrency exchange and wallet, providing users with a secure platform to buy, sell, and store various digital assets. Accessible and user-friendly, it offers seamless trading and storage solutions for crypto enthusiasts worldwide.

Industry:
Software & Data
Subindustry:
Software

City Rank (Malta)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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3rd

F3
SB Score:419

F3 is a dynamic social app that enables users to ask questions and share answers, with content disappearing after 72 hours. By allowing anonymous interactions, it fosters genuine self-expression and helps users connect with intriguing individuals in a fun, ephemeral environment.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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Total amount:65

Top 25 Hardware & IoT Startups in Latvia for 2025

The top three Hardware & IoT startups in Latvia have raised more than USD 37M. Latvia ranks #26 globally for the Hardware & IoT industry.
SB Score:336

Offering efficient drones for commercial use, our startup provides cutting-edge technology for a variety of industries. Enhancing productivity and reducing costs, our drones are designed for ease of use and high performance. Elevate your business operations with our innovative solutions.

Industry:
Hardware & IoT
Subindustry:
Hardware & IoT-Other

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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LightSpace Technologies has created a cutting-edge AR headset for high-quality 3D visualization at close range. This innovative device features multiple focal points, offering users an unparalleled visual experience.

Industry:
Hardware & IoT
Subindustry:
3D Printing

City Rank (Mārupe)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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3rd

Naco
SB Score:305

Kai Medtech is revolutionizing the vascular device industry with a comprehensive research, production, and marketing closed-loop system. As a dedicated marketing and sales company, it focuses on innovative vascular intervention medical devices, positioning itself as a leading technology provider in the field.

Industry:
Hardware & IoT
Subindustry:
Manufacturing

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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Total amount:25

Top 27 Ecommerce & Retail Startups in Latvia for 2025

The top three Ecommerce & Retail startups in Latvia have raised more than USD 9.88M. Latvia ranks #38 globally for the Ecommerce & Retail industry.
SB Score:323

Selfnamed is a self-service platform for creating private label cosmetics, founded in 2020 and based in Riga, Latvia. It empowers entrepreneurs and businesses to easily develop and launch their own cosmetic lines, offering a streamlined process for customization and branding in the beauty industry.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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0

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SB Score:309

"Discover KOOL Latvija, the innovative gas station and convenient shopping destination in Latvia. Fuel up your car and grab essentials on the go at this one-stop shop. Experience a new way to refuel and refresh at KOOL Latvija."

Industry:
Ecommerce & Retail
Subindustry:
Retail

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

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SB Score:289

MYCABIN offers customizable small wooden frame holiday homes that can be combined to create a unique set. Providing various sizes to suit different needs, MYCABIN makes it easy to design the perfect getaway.

Industry:
Ecommerce & Retail
Subindustry:
Consumer Goods

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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Total amount:27

Most Funded Startups in Latvia for 2025

The top three most funded startups in Latvia have raised total funding of more than USD 96.1M. Lokalise has 1.75% more funding than Lightspace Technologies.
SB Score:566

Lokalise streamlines translation management with automation and integration tools for businesses, enhancing efficiency and control over multilingual content.

Industry:
Software & Data
Subindustry:
Software

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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LightSpace Technologies has created a cutting-edge AR headset for high-quality 3D visualization at close range. This innovative device features multiple focal points, offering users an unparalleled visual experience.

Industry:
Hardware & IoT
Subindustry:
3D Printing

City Rank (Mārupe)

0

View

Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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SB Score:569

Mintos is an international online platform where retail investors can easily and transparently invest in loans. Offering a user-friendly experience, Mintos connects investors with loan opportunities worldwide.

Industry:
Fintech
Subindustry:
Fintech-Other

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

0

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Total amount:203

Top Hiring Startups in Latvia by Employee Number

The top three hiring startups in Latvia have an median employee size that is between [501-1000]
SB Score:296

This dynamic online lending platform has consistently demonstrated exceptional growth since its inception. With rapid geographic expansion and a continuously evolving product range, it effectively caters to the diverse needs of its over 4 million customers.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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SB Score:315

PNB Banka is a dynamic commercial banking institution that provides a wide range of financial services, including personal and business banking solutions, investment opportunities, and wealth management. With a commitment to customer satisfaction, PNB Banka aims to empower clients through innovative banking experiences and tailored financial products.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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SB Score:202

4finance is a global leader in digital consumer finance. For more than 13 years we get money to people in a fast, convenient way that fits their lifestyle.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

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SB Score:291

The startup offers a user-friendly platform for managing personal finances, with features like budget tracking, expense categorization, and bill reminders. Users can easily visualize their spending habits and set financial goals, helping them achieve financial stability and peace of mind.

Industry:
Edtech
Subindustry:
Edtech

City Rank (Riga)

0

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Regional Rank (Eastern Europe)

0

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Global Rank (WorldWide)

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Total amount:203

Explore the Startup Ecosystem of Latvia

Population

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1.8 Million

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Regional Rank

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10th

3

Global Rank

(WorldWide)

47th

8

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Top Cities for Startups in Latvia - Ranked by StartupBlink
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