The startup scene in Latvia

On October 2, 2026, the Sageo SIA map displayed 424 Riga entries among 634 Latvia entries and 97 open roles. These are live directory totals, not a census. The directory lists Printful and Printify in Riga’s Centrs and ORIGIN UAV in neighboring Mārupe novads. (47763, 47764)

The Ministry of Economics, citing Startin.LV, reported EUR 73 million in startup investment nationwide in Latvia in 2025; the report did not state a Riga-only amount. (47765) Riga City Council reported that, as of August 27, 2025, Startup House housed 60 organizations and had received EUR 1 million in private investment and a EUR 450,000 municipal allocation over three years. (47773)

Research Latvia reported that HackMotion had reached 70,000 units in more than 70 countries and reported 2024 turnover of EUR 7.26 million and profit of EUR 2.15 million. (47771) Cellbox Labs says its co-founder and CEO, Gatis Mozoļevskis, also heads a laboratory at the University of Latvia Institute of Solid State Physics. (47772)

Smart Riga lists pilot areas at VEF, the University of Latvia Academic Center in Torņakalns, and RTU Ķīpsala. Pilots may last up to one year, are usually not city-funded, and do not guarantee procurement. (47768) BADideas.fund describes itself as a CEE pre-seed and seed investor advertising initial checks of EUR 200,000 to EUR 1,500,000 and a deck-submission route. (47770)