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ASP Asset Management AIFP is an alternative investment fund management company registered with the Bank of Latvia. Founded in 2022, the firm is dedicated to providing efficient syndicated deal solutions primarily targeting early-stage startups. ASP Asset Management is actively involved in the Baltic startup ecosystem, leveraging connections with angel networks across Latvia and neighboring countries.
The firm currently manages a portfolio of nine companies, focusing on pre-seed and seed stages. ASP Asset Management emphasizes risk diversification and cost sharing through club deals, allowing multiple investors to participate in each investment opportunity. This model not only mitigates risk but also enhances the potential for successful outcomes in their investments.
ASP Asset Management is located at Elizabetes Street 63-2, Riga, LV-1050, Latvia. The firm is a member of the Latvian Business Angels Network (LatBAN) and participates in cross-Baltic syndications with Estonian and Lithuanian angel networks, further solidifying its presence in the region.
ASP Asset Management invests primarily in early-stage startups, specifically at the pre-seed and seed stages. The firm emphasizes a syndicate model that pools multiple investors per deal, allowing for risk diversification and shared transaction costs. This approach enables ASP to engage in club deals, which are particularly beneficial for early-stage companies seeking capital.
The firm’s investment strategy is centered around sectors that demonstrate high growth potential and innovation. ASP Asset Management looks for founders who exhibit strong leadership qualities and a clear vision for their startups. The firm values collaboration and often facilitates strategic partnerships among its portfolio companies, enhancing their growth prospects.
ASP Asset Management's geographic focus is primarily on the Baltic region, but it also engages with broader European markets through its connections with angel networks. This regional focus allows the firm to tap into local market dynamics while also benefiting from cross-border investment opportunities.
ASP Asset Management's portfolio includes nine notable companies, each contributing to various sectors:
This diverse portfolio reflects ASP Asset Management's commitment to investing in companies that leverage technology and innovation to solve real-world problems.
Ansis Spridzāns: Chairman of the Board, brings extensive experience in investment management and has a strong background in the Baltic startup ecosystem.
Arta Snipe: Board Member, has a background in finance and investment, contributing valuable insights into the firm's investment strategies.
Girts Līcis: Board Member, specializes in early-stage investments and has a track record of successful ventures in the region.
To pitch to ASP Asset Management, founders should email their pitch deck to zab@spridzans.lv. The deck should include a clear overview of the business model, market analysis, and financial projections. ASP Asset Management appreciates concise and well-structured presentations.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions through mutual connections in the Baltic startup ecosystem can enhance the chances of receiving a timely response.
ASP Altum Feeder Fund: This feeder fund focuses on diversified investments in cooperative and public money-driven startup investment funds. It aims to enhance the capital available for early-stage startups in the Baltic region.
In March 2026, ASP Asset Management participated in a €250K LatBAN syndicated investment for Adventum Tech, which won the Latitude59 pitch competition. This investment highlights the firm's active role in supporting promising startups in the Baltic region.
Additionally, portfolio company Bonusukarte raised €500K, with ASP's participation leading to a valuation increase from €2M to €5M in just 14 months, demonstrating the firm's effective investment strategy and support for its portfolio companies.
What are ASP Asset Management's investment criteria?
ASP Asset Management primarily invests in early-stage startups at the pre-seed and seed stages. The firm looks for innovative companies with strong leadership and a clear growth strategy.
How can founders apply or pitch to ASP Asset Management?
Founders can pitch their startups by emailing zab@spridzans.lv. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes ASP Asset Management different from other investors?
ASP Asset Management differentiates itself through its syndicate model, which pools multiple investors for each deal, allowing for risk diversification and shared transaction costs. This approach enhances the potential for successful outcomes.
What is the geographic scope of ASP Asset Management's investments?
The firm primarily focuses on the Baltic region but is also open to opportunities across Europe, leveraging its connections with angel networks in neighboring countries.
What kind of post-investment involvement does ASP Asset Management have?
ASP Asset Management actively supports its portfolio companies by facilitating strategic partnerships and providing access to a network of co-investors. The firm also offers expertise in transaction management and risk diversification.
What is the typical check size for investments made by ASP Asset Management?
While specific check sizes are not disclosed, ASP Asset Management focuses on early-stage investments, which typically range from €50K to €250K, depending on the startup's needs and growth potential.
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