Venture Capital
How can the venture capital investment help your company?
The amount of funding provided by the attracted venture capital fund and its role of investor will vary depending on whether you have only the idea, your company is new or a known player in the market. The supported companies receive not only funding, but also active involvement of the investors in business development, knowledge of the sector to be developed and cooperation contacts (networking), contributing to growth and appreciation of the company.
What are venture capital investments intended for?
to invest in companies with rapid growth and scalability potential
as seed capital for early-stage companies to develop an idea or create a product
for growth stage companies to increase capacity or enter new markets when traditional forms of funding are not available
Altum’s venture capital funds are focused on sectors with high added value: IT, medicine, science, the Green Deal.
How can I obtain the venture capital investments?
To attract the venture capital’s funding, the company must have a clear vision of growth, a compelling business plan and a strong team.
The investors will assess the scalability of the idea, competence of the team and viability of the plan.
Check whether your company meets the criteria for venture capital investments mentioned above
Find the most suitable venture capital fund for your business
Contact the fund manager to learn about funding options
If you’re a manager of funds or financial assets and would like to discuss co-operation options with Altum, or have some questions, write to the e-mail: rkf@altum.lv
Altum’s investments in venture capital
As of 31.12.2024, being the investor, ALTUM has invested in 16 venture capital funds and 2 Baltic Fund-of-Funds – BIF1 and BIF2. Owing to the venture capital investments, new companies with high value added products have been created in IT, science and manufacturing sectors.
EUR 164 M invested in the funds ensuring business growth and development of the companies*
369 companies were supported by venture capital investments*
over 14 years more than EUR 283 M were paid in taxes*
982 new jobs*
* Data as of December 31, 2024, compiling data on the companies managed by the venture capital funds and Fund-of-Funds
We are members of the following organizations: Latvian Venture Capital Association (LVCA), Invest Europe, European Venture Fund Investors Network (EVFIN), EIF-NPI Equity Platform and European Women in Venture Capital (EWVC).
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Types and objectives of funding
Available venture capital funding at different stages of the company’s development
Anyone who wants to develop a scalable idea, a ready project or expand an existing business is invited to use the most appropriate form of funding. Funding is available from various funds at each stage of the fund. Please contact the fund managers to discuss the funding options using the contact details indicated on their home pages.
Generations of venture capital funds co-funded by Altum
Altum has already been co-financing the venture capital funds of several generations, promoting investments in Latvian companies at different stages of their development. Each generation of the fund reflects a specific investment cycle with a defined strategic focus – from funding of early-stage companies to supporting growth of companies and strengthening competitiveness.
Altum’s role in development of the venture capital’s ecosystem
Altum is an important driver in creation and development of the ecosystem of the venture capital in Latvia. Altum is actively investing significant resources of the European Regional Development Fund (ERDF) and national budget to encourage investments in companies at different stages of their growth.
The tables below provide a summary of the investments in financial instruments made by Altum.
Fund managers
For detailed information about the available resources and how to receive them, contact the fund managers.
