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 […]

Infogr.am, 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, Infogr.am 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 […]

FullContact, a Denver, Colorado-based provides a contact management solution for businesses, developers, and individuals, acquired Cobook. The amount of the transaction was not disclosed. Founded in 2011 by Kaspars and Janis Dancis and backed by Hackfwd, Cobook has created a unified address book for iPhone, iPad and Mac. As part of the acquisition, the Cobook […]

Sellfy, a Riga, Latvia-based e-commerce platform that enables users to sell digital products directly to their fans and followers on Facebook, Twitter or their own website, has raised a seed funding of undisclosed amount. Backers include a group of angel investors including Toivo Annus, Sten Tamkivi, as well as several telco executives from a Spanish […]

AGroup, a Riga, Latvia-based IT company, has received a €1.5m equity financing from BaltCap. The investment was made by BaltCap Latvia Venture Capital Fund, which is part of the EU Structural Fund’s co-financed JEREMIE Holding Fund managed by the European Investment Fund in Latvia. Following the transaction, BaltCap will obtain a significant minority stake in […]

EUROLCDS, a Latvian liquid crystal display production start-up, has received an equity financing of undisclosed amount from BaltCap. This investment has been made within the EU Structural Fund’s co-financed JEREMIE initiative managed by the European Investment Fund in Latvia. Co-owned by LC-TEC AB and led by CEO Ǻke Hornell, the company targets industrial and medicine […]

SIA Runway, a business process outsourcing service provider, has received an equity investment of undisclosed amount from BaltCap. With the investment, BaltCap Private Equity Fund advised by BaltCap has acquired 40.82% of Runway’s shares from the company’s largest shareholder, Norwegian firm Dasha AS. The investment is intended to help the company further expand in the […]

Oobelisk, a Latvia-based media production company, has received a start-up financing from BaltCap. With the transaction, which has been completed within the EU Structural Fund’s co-financed JEREMIE initiative managed by the European Investment Fund in Latvia, BaltCap acquired a majority stake in the company. Led by Kristaps Pētersons, Chairman of the Board and Business Development […]

Primekss, a Riga, Latvia-based concrete floors contracting company, has received a €1.4m investment from the BaltCap Latvia Venture Capital Fund. With the investment, the fund has taken a “significant” minority stake in the company. Established 1997, Primekss has developed a patented technology for casting slender, tough, jointless concrete floors for heavy use, which are designed […]

The European Investment Fund (EIF) and Imprimatur Capital have established a technology seed and start-up fund in Latvia attracting private capital to the Latvian JEREMIE initiative. The fund, which attracted private commitments from local pension funds managed by DnB NORD Fondi and LKB Krajfondi, local and foreign private investors, include two windows that will provide […]

After closing private fund raising, BaltCap Management Latvia has signed an agreement with the European Investment Fund on the establishment of a €30m venture capital fund under the JEREMIE initiative. The fund will provide start-up and expansion financing to companies with established operations and growth potential taking equity stakes between €0.3-3m with the aim to […]

The European Investment Fund (EIF) has chosen Swedbank to manage the Funded Risk Sharing Instrument established to provide loans for Latvian SMEs within the framework of the JEREMIE initiative. JEREMIE (Joint European Resources for Micro to Medium Enterprises) is the joint initiative launched by the European Commission and the European Investment Bank group that enables […]

Syntaxis Capital, a Vienna and Warsaw-based mezzanine capital provider, announced the first closing of its second Central European mezzanine fund, with aggregated commitments of €140m, just over half its targeted amount. Syntaxis Mezzanine Fund II follows on the firm’s main fund which reached the final closing at the end of 2008, which collected under €120m, […]