Airdog, a Palo Alto, CA and Jelgava, Latvia-based provider of an auto-follow drone for action sports, closed a $2M seed funding round. The round was led by Seraph Group with participation from IT-Farm Corporation, Base Ventures, FlyCap, Imprimatur Capital and angel investors Konstantin Othmer, Harry Cheung, Vinny Lingham, Chris Hulls and Arthur Watson. The company, which […]

Stenders, a Latvian cosmetics producers and franchise developers, received a €1m investment. Backers included Baltic private equity and venture capital investment management company BaltCap. The company intends to use the proceeds to strengthen the management team with international cosmetics management expertise, store openings in the cities of Singapore and London, as well as expansion of […]

FullContact, a Denver, Colorado and Riga, Latvia-based provider of a contact management platform, raised an additional $7m in funding. The company, which has raised just under $16m in total, intends to use the funds to continue developing applications for more devices, with upcoming releases of FullContact for Mac and FullContact for Android. Led by Bart […], a Riga, Latvia-based provider of an infographics platform, raised €1.34m in funding. ArticStartup reported that backers included Point Nine Capital, Connect Ventures and HackFwd. The company intends to use the funds to expand in the USA and increase its marketing and sales efforts. Launched in February 2012 by Uldis Leiterts, Raimonds Kaze, Alise Semjonova, provides […]

Primekss, a Riga, Latvia-based concrete specialist, raised €10m in funding. Green Gateway Fund, advised by Wermuth Asset Management, made the investment. Founded in 1997 and led by CEO Janis Oslejs, Primekss provides PrimeComposite, a patented system for making ecologically friendly concrete elements. It is used to produce concrete floors for civil engineering buildings, water and […]