Its beautiful landscapes, which include wide forests, pure lakes and white sand beaches of jurmala, promising to preserve a rich cultural heritage tiha and its natural beauty. At the same time, its capital, Riga shows a unique mixture of medieval charm and modern energy, the Art Nuvau architecture stands with pride in the development of the cutting edge.
In the last decade, Latvia’s startup scene is in the scene Has been developed especially in the rigaWhich has become the main center of innovation in this region. Latvia is creating startups with strong government support, a talented workforce and growing investors, creating startups that are creating waves in Europe and beyond. Events like Techchil have attracted international attention to the country’s entrepreneurial ecosystem by highlighting its strength in fields like technology, gaming and sustainability.
In this article, we highlight 10 of the most committed startups in the country established between 2020 and 2024, this funny thing is, after selecting us, we noticed that all these startups are more cement as the heart of Latvia’s entrepreneurial ecosystem. Let’s look closely at the business that creates a city to see Riga:
Cellbox Labs: This The company specializes in industrial organ-on-chip technology, and provides a vascularized gut-on-chip platform to improve drug discoveries. Established in 2021, the company developed plug-and-play devices that were operated independently, combining hardware and software to ease the tests and reduce time. Through multiple awards, with € 935K funds and recognition, the Cellbox labs cooperate with consultants and stakeholders throughout the Nordic and Global Innovation Ecosystem.
Flux: This startup provides digital product passport (DPP) and GS 1 digital link to assist manufacturers in industries such as electronics, textiles and consumer content. Their platform helps to manage the business data, flow to the integration of the QR code and to prepare for the Digital Conversion in the EU market when combining the sustainability and ESG goals. Established in 2024, flux.on increased € 750k.
Handwave: A pioneer biometrics-hissab-a-will-service company provides a palm-based payment and authentication solutions that are designed to simplify daily transactions and detection. Their platform replaces the traditional ticket cards, tickets and devices with a protected palm scan, providing non -existent integration with enhanced facilities, protection and loyalty programs and services. Established in 2021, Handwave has increased € 600K to run innovation in authentication technology.
Hypersscan: An AI-powered platform that eliminates data from LinkedIn, Apollo and other sources and eliminates the need for manual selection by eliminating the leadership of the leadership. The equipment allows users to filter, ran and analyze profiles on the basis of certain criteria of users, making it ideal for employers, salesmen and investors. Established in 2021 they raised € 559 and are facilitating the sourcing processes with advanced AI technology.
Compensation: Debt investment in an investment platform expert in debt and mortgage loans, primarily focus on the Spanish real estate market. With a minimum of $ 10, it provides access to the Tradition for the institutional players of retailers, providing access to privileged opportunities, to diversify portfolios and reduce instability. Established in 2022, Indemo Million has collected more than a million dollars and works under the entire EU control, ensuring consent and investors’ protection.
Nako: This company, dedicated to the Green Hydrogen Revolution, develops specialized nano-cotting and materials for hydrogen system producers. Their solutions include Anti-Zara, electrical stability and catalyst coating for electrolyzer and fuel cells, enables the production of efficient and durable hydrogen. Established in 2021, Naco has secured more than $ 1 million and provides a complete spectrum of services from the solution to the distribution of the coated material.
The source robotics: A Defense Technology Company, an expert in the advanced autonomous system, develops innovative solutions to address modern security challenges. Their flagship products, bake, an expensive, battlefield, the middle-level accurate-guided arms system that reaches 15 km. Established in 2022, Origin Robotics has collected $ 8.5 million to advance the mission to increase defense capacity.
Saber: A rewarded AAA Game Development Studio is at the top of the innovation in the gaming industry, the web 3 gaming space focuses on developing. Experienced Game Designers, Blockchen experts and digital marketers led, Studio creates immersed gaming experiences with MMRTS Play-to-A-earl BattleThe Established in 2021, Saber Games have collected $ 2.5 million to prevent blockchain and gaming technology boundaries.
Self -reliant: A self-service platform for creating private-lebel cosmetics, which provides individual and traders to launch its own skincare brand. Without any minimum order requirements and more than 100 organic, vegetarian and sustainable products it facilitates the process of high-quality cosmetics customizing and selling. Established in 2021, has raised self -esteem € 350K and supports clients from big retailers from boutique owners.
Swotzy: E-commerce is a shipping platform designed to facilitate retailer retailers to facilitate their last mile distribution activities and reduce costs. The platform integrates multiple carriers into a system, ensures that each package is associated with the most efficient and expensive alternative. Established in 2022, Sweetage has increased $ 890 and enables all sizes to easily adjust shipping.
By the way:: If you are looking for exciting startups in the specified market for any possible investment or acquisition if you are a corporate or investor, see us Startup Sourcing Service!
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