Latvia – A Rising Star for International Entrepreneurs

Blogtrepreneur | Entrepreneur Blog

Latvia isn’t a country that immediately springs to mind when you think of economic heavyweights, but this small state, tucked quietly away by the Baltic sea, is actually one the world’s growing economies. According to the International Monetary Fund, Latvia is expected to overtake its Eurozone neighbours by doubling its economy growth to around 4% by the year 2020, with one chief economist from a German bank calling the country “a dynamic eastern growth star”.

Latvia Picks Its Hashtag: #StartinLatvia

ArcticStartup

Latvian Startup Association was established by 30 senior members of Latvian startup community who have united to promote Latvian startup scene, connect it to the rest of the world, represent its interests, foster mutual respect and promote understanding about startups in Latvia.

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Latvia, from the Vikings to the Greeks

Chaganomics

Lovely Riga, Queen of the Baltics "At the beginning of this era the territory known today as Latvia became famous as a trading crossroads. Latvia reestablished its independence in 1991 following the breakup of the Soviet Union. Latvia joined both NATO and the EU in the spring of 2004.

Latvia's BranchTrack Raises Seed Round

ArcticStartup

BranchTrack , online service for building interactive corporate training, said on Tuesday it has raised 250,000 euros seed round, helping it to attack a growing $130 billion market for corporate training and boost sales in Western Europe, US and other regions.

Dealflow from Latvia: Q3, 2015

ArcticStartup

MaxTraffic. About: MaxTraffic is a platform for e-commerce sites to help them turn abandoning visitors into customers.

Funding, startup traction and news from Latvia: September

ArcticStartup

Edurio feedback tool for schools, which has been tested in Latvia, UK and India, is now buffing up for expansion. The launch event was opened by the president of Latvia Raimonds Vejonis. This month Latvia's biggest and oldest coworking space TechHub Riga has become a Swipe customer.

Latvia's Eegloo 'Incubator' Can Get Your MVP Built for 10-90% Equity

ArcticStartup

When we first heard about a new incubator in Riga, Latvia we were really excited as Latvia definitely needs a few more. Eegloo comes from a team of developers behind TrueVision , a development and outsourcing company in Latvia.

Estonian Taxify Releases Hockey Stick Growth Stats, Launches in Latvia, Aims for US

ArcticStartup

The app plans to launch with five taxi companies in Riga along plans to expand into another four or five cities in Latvia, so regular as well as occasional taxi users should check out the app, which is also available in Latvian.

"Latvia's Facebook" hits Kickstarter with two new hardware projects

ArcticStartup

Draugiem Group is Latvia''s largest IT group known for staying relevant after building its name from Latvia''s (still) most popular social network draugiem.lv. Latvian Draugiem Group seems to have discovered Kickstarter after launching two campaigns at once.

Draugiem Still Bigger Than Facebook In Latvia, Becomes Platform For New Startups

ArcticStartup

still has the most active users for any social network in Latvia, counting 1 244 872 users to Facebook's 327 940 and Twitter's 62 000. Latvia only has a population of 2.2

Dealflow, startup traction and news from Latvia: August

ArcticStartup

2/3 of their users come from Latvia and 1/3 from the rest of the world. CheeksUp will represent Latvia at Startup Nations Summit in Mexico. Swedbank, SEB, Citadele and Nordea Latvia clients can now enjoy micropayments with one tap by downloading Monea from App Store or Google Play.

Funding, startup traction and news from Latvia: December

ArcticStartup

Naco Technologies acquired by Schaeffler Group Naco Technologies is a nano coating startup founded in Latvia in 2010 with the support of Commercialization Reactor Riga , an agency and marketing platform for science-based young businesses. Exits.

Roaming Will Be Killed By The Nordic/Baltic Region. Roamer From Latvia Joins The Race Battling Roaming

ArcticStartup

With Ukko Mobile focusing on data sim-cards only , HolidayPhone sending you a bunch of sim’s by post and Skype demanding internet - in addition to the roaming killing name, Latvia based Roamer also probably has the best promise. Roaming.

Funding, dealflow and startup traction from Latvia: October

ArcticStartup

The company has ambitious expansion plans, including the building of a "Science Park" - a coworking space and business accelerator for startups in Latvia. Dealflow from Latvia for Q3: 18 startups raising over €5 millionseed money 18 Latvian startups looking for over €5 million seed money.

B2B 2

Infogr.am Pulls the Largest Investment in Latvia And Reports 8 Million Monthly Uniques

ArcticStartup

Hopefully this will be a trend starter for Latvia and we will see more interesting companies to follow. Speaking of Latvia, Leiterts commented: ”Latvia is great! So if you hear about some great startups out of Latvia, be sure to let us know

New iOS Game Rocking The Charts: Fearless Wheels From Latvia

ArcticStartup

It seems that we were not the only ones waiting for it as over the weekend the game spiked to #1 iPhone paid game in Latvia, #6 in Australia, #8 in Italy. They were also the #1 Racing Game in Latvia, Australia, Italy, Belgium and France.

Latvia's PhoneAd lets you select the ads on your phone

ArcticStartup

She also coordinates the Entrepreneurship Support Centre at Stockholm School of Economics in Riga and Global Entrepreneurship Week in Latvia Over the years, as initially free apps reach the point where they need to monetize, many have gone the simplest path of in-app advertisements.

StartupVitamins – The Poster Boy In Startup Motivation

YoungUpstarts

That’s the reason why the Latvia-based company, part of the Draugiem Group , came up with the idea of providing a series of motivational posters with quotes from serial entrepreneurs and recognized leaders in technology who went through their own trials and tribulations.

FullContact Makes Its First Acquisition – Acquires Cobook

Feld Thoughts

The full team is moving from Latvia to Denver and is already hard at work integrating FullContact and Cobook. I love playing offense. FullContact is officially in this mode and today announced that they have acquired Cobook with with Pot, Ski Passes and Dogecoin.

Key Players Of Latvian Startup Community Unite

ArcticStartup

Latvian Startup Association is a grassroots initiative established to promote Latvian startup scene, connect it to the rest of the world, represent its interests, foster mutual respect and promote understanding about startups in Latvia.

Baltic startup scene in numbers

ArcticStartup

As this year's host of the event, Labs of Latvia took the initiative to gather some data for our common use. Data from Estonian Development Fund ( Startup Estonia ), Altum ( Labs of Latvia ) and Enterprise Lithuania ( Startup Lithuania ), as well as crowdsourced community sheets.

Should You Start A Fintech Startup In The Baltics?

ArcticStartup

Among top 10 disclosed investment deals in Estonia , Latvia and Lithuania , the funding invested in FinTech is considerably larger than in other industries. In Latvia BitFury (€ 53 918 020), Creamfinance (€ 5 000 000), Monea (€ 1 050 000) altogether have raised 79% of top 10 deal volume.

Latvian startup scene: January

ArcticStartup

The official announcement came in an interview to Labs of Latvia this month. Founded by Dmitrii Beliakov from Latvia, the service is changing the way discerning travelers search and discover luxury suites. Funding rounds.

1Work, the Latvian e-secretary brought to you by Draugiem

ArcticStartup

Except in Latvia. Latvia’s internet is dominated by Draugiem , which is the largest operating social network in the country. Their offices are home to over 100 employees working for 16 different tech startups, which is no small feat in a country as small as Latvia.

The ArcticStartup Guide to: RIGA

ArcticStartup

Infogr.am - a famous data visualisation tool that is believed to have put Latvia on world’s startup map. is also the largest IT startup investment in Latvia to date. TechHub Riga - the most known and established tech community in Latvia.

Finalists announced for Rietumu FinTech Challenge

ArcticStartup

Swipe (Latvia). Zen F in Tech (Latvia). Mintos (Latvia). Monetizator (Latvia). A total of sixteen teams from seven countries applied for this year''s Rietumu FinTech Challenge.

Following successful Kickstarter campaign, Airdog picks up a $2 million Seed Round

ArcticStartup

For those of you who missed Latvia''s record breaking crowdfunding campaign, Airdog picked up $1,368,177 last July for their auto-follow drone designed for extreme sports.

Top 30 Startups From The Nordics/Baltics: Arctic15 Finalists Announced, Your Vote Needed.

ArcticStartup

BuzzTale , Latvia - The enterprise story network. Froont , Latvia - Github for web designers. Maxtraffic , Latvia - Helps to increase conversions on sites by showing relevant messages depending on user actions. Oppo , Latvia - Find an opponent in any sport or even a whole team. Scorefellas , Latvia - Play sport (or other) prediction games/tournaments.

Estonian Taxify first in the world to launch mobile billing for cabs

ArcticStartup

Taxify team has also revealed their plans to expandit to Latvia and Lithuania in the near future Estonian Taxify offering taxis at the push of a button in 7 countries is now making sure payments are just as easy.

TechHub Riga lets you put your name in the history of Latvian startup scene

ArcticStartup

As a result, Latvia’s oldest and most established co-working space, TechHub Riga is moving to a new building, which we have covered here. The first desk was funded by Latvia’s earliest-stage investment fund Imprimatur.

Complete Baltic Investment & VC Market Overview

ArcticStartup

But then SAF Tehnika, from Latvia, marked the first Baltic Tech IPO, valued at 52 million EUR and. We can expect to see a lot more exits from the second wave in the next two to three years, which should also add a number of good exit stories for Latvia and Lithuania. LATVIA.

Jobbatical raises €510 000 for reshaping the future of work

ArcticStartup

Investors also included the biggest online media company in the Baltic region Ekspress Group – And angel investors Joakim Karske (Finland), Christopher Sier (UK), Janis Rancans (Latvia), Indrek Prants , Andres Kull , Gunnar Kobin and Joel Aasmäe (Estonia). "We

Latvian startup scene overview: March

ArcticStartup

On March 3 Latvian startup community platform Labs of Latvia was officially launched. Public venture capital (PVC) plays an important role in Latvia. I am personally going to 100 schools all over Latvia to make sure their eyes shine as they dare to make business.''.

13 Sites You Love Built With Ruby On Rails

YoungUpstarts

Latvia-based, this service has all chances to overcome Formspring’s popularity. If you are reading this, you are probably into Ruby and obviously heard of Ruby on Rails – a useful and super popular web application framework.

Ruby 15

Does Rewalon have a shot at gamifying corporate B2C?

ArcticStartup

In its two years of operations Rewalon has secured major clients in Lithuania, Latvia and Russia. Despite doing well in Lithuania, Latvia and Russia, Rewalon could not expect hockeystick growth stats globally as its business model was tied to local rewards.

This Years Top 30 Startups in The Nordics/Baltics: Arctic15

ArcticStartup

We have never received so many applicants from the whole region: Finland, Sweden, Denmark, Iceland, Estonia, Latvia, Lithuania were all present and below are the absolute best according to our panel of judges. Branchtrack , Latvia - Making corporate training fun and efficient.

Unambition syndrome

The Startup Toolkit

And then, I found myself in Latvia, drinking with a guy who built 2 or 3 big tech companies. Until recently, it has caused me quite a bit of stress to see that my startup friends are clearly ambitious, whereas I am not.

5 reasons why uniting the Latvian startup scene is important

ArcticStartup

Editor''s note: our writer Marija Odineca part of the Labs of Latvia team. Just in a month, on March 3, the Latvian startup community platform Labs of Latvia is launching. Labs of Latvia is built to make Latvian startup scene as transparent, understandable and easy to reach as possible.

Latvian Peer-To-Peer Lending Marketplace Closes €2 Million Seed Round

ArcticStartup

At the moment, seven non-bank lenders from Estonia, Georgia, Latvia, and Lithuania have joined the platform, and more than 4500 investors from over 40 countries across the world are currently using Mintos.

SonarWorks take €600,000 investment

ArcticStartup

The Imprimatur Capital Technology Venture Fund located in Latvia has recently announced an investment in headphones software start-up Sonarworks. The investment of €600,000 in the startup makes it their fifth such outing since launching in mid 2010.