203 Top startups in Latvia for April 2025

We rank Mintos, Lokalise and Zebpay 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 startup ecosystem ranks #47 globally and #10 in Eastern Europe.

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Best Startups in Latvia for 2025

SB Score:544

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:528

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:479

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:472

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)

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SB Score:413

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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Global Rank (WorldWide)

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6th

F3
SB Score:402

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:394

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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SB Score:381

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)

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Regional Rank (Eastern Europe)

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9th

Jeff
SB Score:381

Jeff, a personalized loan broker, connects borrowers and lenders using unique data to help the unbanked access financial services. Their mission is to provide inclusive financial solutions to those traditionally excluded from the banking system.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Riga)

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Regional Rank (Eastern Europe)

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Global Rank (WorldWide)

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10th

Flirtu
SB Score:379

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:364

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)

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Regional Rank (Eastern Europe)

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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 131M. Latvia startup ecosystem ranks #45 globally for the Software & Data industry.
SB Score:528

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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Global Rank (WorldWide)

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SB Score:479

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:402

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 52.6M. Latvia startup ecosystem ranks #26 globally for the Hardware & IoT industry.
SB Score:330

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)

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Regional Rank (Eastern Europe)

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Global Rank (WorldWide)

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2nd

Naco
SB Score:308

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)

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Global Rank (WorldWide)

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SB Score:306

This startup addresses the significant waste of valuable zinc oxide, often lost due to complex recovery processes or inadequate technology. By providing innovative solutions, it helps catalyst manufacturers minimize financial burdens associated with purchasing fresh ZnO, promoting sustainability and efficiency in their operations.

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)

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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 15.2M. Latvia startup ecosystem ranks #38 globally for the Ecommerce & Retail industry.
SB Score:340

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)

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Regional Rank (Eastern Europe)

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Global Rank (WorldWide)

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SB Score:291

"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:285

inSelly is an innovative marketplace that transforms Instagram into a seamless shopping experience. It empowers sellers to showcase their products while enabling buyers to easily discover and purchase items within their favorite social network, making online shopping more accessible and enjoyable for all Instagram users.

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

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:27

Most Funded Startups in Latvia for 2025

The top three most funded startups in Latvia have raised total funding of more than USD 189M. Lokalise has 1.69% more funding than Mintos.
SB Score:528

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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SB Score:544

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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SB Score:472

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)

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:220

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)

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SB Score:298

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)

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SB Score:142

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)

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Regional Rank (Eastern Europe)

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SB Score:314

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)

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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

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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