About the Seed and Start-Up Venture Capital Programme
A long-term investment in the equity capital of new and innovative enterprises at an early stage of development and with a high growth potential.
Seed and start-up venture capital investments can be made in the equity capital of an enterprise or in the form of quasi-equity.
A seed and start-up venture capital ensures a possibility of development to new and innovative enterprises at an early stage of development and with a high growth potential, in which traditional financers choose to refrain from investing due to high risk.
An investment can be used for financing both fixed and current assets.
The companies will receive support in two separate stages — seed and venture money investments:
seed money investments, i.e. up to EUR 250,000 per company;
venture money investments, i.e. up to EUR 2.1 million per company.
The term of investment is from 4 to 5 years.
An investor becomes a business partner of an enterprise, providing the enterprise with its experience and knowledge, assisting in jointly reaching the set goals, thus promoting the commercialisation potential and growth of the enterprise.
The seed and start-up venture capital investment is made with an aim to commercialise project technologies to promote the growth of international-scale business.
Seed and start-up venture capital funding will be provided as support for venture funding in accordance with requirements set forth in Article 21 of Commission Regulation (EU) No. 651/2014 of 17 June 2014.
The programme is governed by Cabinet Regulation No. 518 of 12 April 2016 "Regulations on Seed Capital and Venture Capital Funds for the Establishment, Development and Competitiveness of Economic Operators".
Contact venture capital fund about attraction of fundingVenture Capital Fund
Contact us for more informationALTUM Specialists
PlayGineering, Ričards Fomrats
Vendon, Kristiāns Vēbers
RCG Lighthouse, Kaspars Osis un Raits Bebris
Mobilly, Ģirts Slaviņš
Art Fairs Service, Bruno Mellis
Labs of Latvia on Twitter
Congrats to @nordigen for becoming the second startup to receive support under the Latvian Startup Law!… https://t.co/2LgxHGnjvK
Nedēļas nogalē Rīgā vienlaikus ar 100 citām pasaules pilsētām notiks otrais 24 stundu satelīta un klimata hakatons.… https://t.co/negCR2f86L
Igaunijas - Latvijas pirmsakcelerācijas programmas nu jau trešais iesaukums gaida pieteikumus. Šeit viss ir bez mak… https://t.co/BOxBYpCOdS
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