Venture Capital
Venture Capital and Private Equity
Venture Capital and Private Equity investments target rapid-growth companies. Such companies are typically start-ups, scale-ups and mature companies with a promising potential. By nature, venture capital provides high-risk investments and, therefore, it does not compete with low-risk financing (e.g., bank loans). Venture capital investors add value and actively contribute their expertise to foster business development and increase value of their target companies.
In Latvia, a relatively new market, venture capital funding is mainly provided by institutional investors, where substantial contribution stems from government agencies . As the capital market matures, the proportion of private funding in venture capital sector increases.
Altum venture capital investments
ALTUM plays a pivotal role in the creation of local venture capital ecosystem in Latvia. ALTUM invests substantial ERDF and state funds in the venture capital sector.
As of 31 December 2024, Altum has invested in 16 funds, including Baltic funds of funds (i.e., BIF1 and BIF2). Venture capital investments have contributed to the establishment of many start-ups with high added value products in IT, sciences and manufacturing industries.
101mEUR have been invested ensuring start-up growth and development*
335 companies have been supported through venture capital and private equity investments
Altum investments have contributed to over 184mEUR payments in taxes over the last 10 years
636 new jobs created, through funds of funds more than 10000 jobs secured
*Data on target companies, September, 2022
We are a member of Latvian Private Equity and Venture Capital Association (LVCA),
Invest Europe, European Venture Fund Investors Network (EVFIN), EIF-NPI Equity Platform, and European Women in Venture Capital.
Contacts for fund managers and policy makers:
Financial Intermediaries Department,
Email: rkf@altum.lv
News
26. May, 2025
ALTUM achieves its largest bond issuance to date
07. Jun, 2024
Selection of IPO Fund Manager Announced
04. Oct, 2021
ALTUM issues EUR 20 million bonds with a yield of 0.443%
Types and uses of funding
Venture capital funding available to companies at different stages of development
Entrepreneurs striving to develop a scalable business idea, a ready-made project or those looking forward to amplifying an existing business are encouraged to use the most appropriate type of funding. Funds provide multiple financing opportunities to companies at different stages of development. In order to explore investment attraction opportunities please reach out to fund managers directly by using contacts provided in their websites.
What is venture capital intended for?
Venture capital could be:
investment in an enterprise with a high growth and a scalability potential
initial funding for early-stage companies to develop an idea or create a product
for growth stage companies to increase capacity or expand into new markets if traditional means of financing are not available
Altum-backed venture capital funds target high added value industries: IT, medicine, sciences, Green Deal.
How can a venture capital investment benefit your company?
The amount of venture capital funds available and the extent of an investor’s role in your company depends on whether it is only idea, a start-up or a company already conquering the market. Companies will receive not only funding, but also an active investor participation in business development and growth, knowledge about the chosen industry and networking benefits. These benefits will spur growth and value.
How to receive venture capital funding?
To find out more information about available financing and means of acquiring it, contact fund managers. To convince an investor of your idea’s, project’s or company’s future growth, you will need to provide a clear and an ambitious business plan with the capabilities to execute it. Key indicators: business plan viability, a team and its ability and competence to execute the plan as well as scalability of your business idea.
Make sure that your company is suitable for venture capital investments
Depending on specialization, choose venture capital fun
Contact fund managers
Fund managers
To find out more information about available financing and how to acquire it, contact fund managers.
