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, from the Vikings to the Greeks


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 Picks Its Hashtag: #StartinLatvia


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.

Dealflow from Latvia: Q3, 2015


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

Latvia's BranchTrack Raises Seed Round


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.

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


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.

Can building startups be taught? Latvia about to find out


This is the first academic program in Latvia to be officially titled "Startup enterprise management".

Funding, dealflow and startup traction from Latvia: October


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.

Funding, startup traction and news from Latvia: December


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.

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


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

StartupVitamins – The Poster Boy In Startup Motivation


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.

The Founders of Labs of Latvia Leave Due To Internal Disagreements


The project director Zaiceva announced her departure from Labs of Latvia on Twitter last wee k , and editor in chief Odineca will be leaving in February after transferring the remaining responsibilities. We have also reached out to the current edition of Labs of Latvia for comments Pulls the Largest Investment in Latvia And Reports 8 Million Monthly Uniques


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


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.

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


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.

How this shy country wants to become the Silicon Valley of the Baltics

The Next Web

So when I was invited to attend the conference TechChill, taking place in Estonia’s neighboring country, Latvia, I was intrigued. What’s going on in Latvia? When you think Latvia, you (like us) might not immediately afterward think… This story continues at The Next Web.

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


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

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


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.

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


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.

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


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


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.


The Startup Toolkit

1] This article is meant to be about strategic decisions more than about shutting down the company, but since we’re on the topic, I once got obliterated by an angry crowd in Latvia after saying something like this a few years back.

Defending champ Rosol wins Winston-Salem opener

Winston-Salem Journal State/Region News

AP) — Defending champion Lukas Rosol of the Czech Republic opened with a 6-4, 7-6 (4) victory Monday over Latvia's Ernests Gulbis in the first round of the Winston-Salem Open WINSTON-SALEM, N.C. (AP)

Lightning a reminder southern hockey continues to thrive

Winston-Salem Journal State/Region News

AP) — About the same time a new champion hoists the Stanley Cup, players from as far away as Canada, Latvia and Hungary will gather in Tennessee for four days to showcase their hockeyFRANKLIN, Tenn. (AP)

Latvian startup scene: January


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.

Should You Start A Fintech Startup In The Baltics?


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.

Cherry Group Acquires Latvian CityLife, Now Claims Over 50% Market Share In Baltics


Cherry Media , the baltic daily deals group, announces it has acquired CityLife in Latvia, now giving Cherry Media a greater than 50% market share across the Baltic countries. million euros in Latvia. and CityLife in Latvia, our market share in Latvia has increased to around 50%.”.

13 Sites You Love Built With Ruby On Rails


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 60

Finalists announced for Rietumu FinTech Challenge


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.

The ArcticStartup Guide to: RIGA

ArcticStartup - 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.

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


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.

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


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.

Latvian edtech startup Edurio raises €230,000 from Imprimatur and Australian angel


Ernests and his co-founders have assembled a world-class team, which is a great credit to the educational system in Latvia. He acknowledges the role of in-person interaction and plans to visit Latvia in October for some face-to-face time and strategic brain-storming with Edurio.

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.

Jobbatical raises €510 000 for reshaping the future of work


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

Made in America: 3 Entrepreneurs Who Are Making Their Businesses Work in the USA

Blogtrepreneur | Entrepreneur Blog

Wouldn’t it be cheaper to start the business back in Latvia? Every entrepreneur knows that starting a business is never an easy feat, but starting your business in America is said to be particularly challenging.

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


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.

The Latest Twist in the Long, Sordid Tale of Stolichnaya Vodka

Inc Startups

It''s based in Luxembourg, and operates manufacturing facilities in Riga, Latvia. The scrappy exporter of Stoli to the U.S. faces a gay boycott on products from Russia--ironically, a government it has long fought.

China Regains Top Spot As Source Of Malignant Online Traffic: Akamai


Yearly increases among the top 10 countries/regions ranged from 15 percent in Latvia to 63 percent in Singapore. After being unseated last quarter by Indonesia, China has regained its spot as the source of observed attack traffic in the third quarter of 2013.

China 52