Buildit.ee

Buildit is the first accelerator in the Baltic States and Nordic countries with the focus on physical devices & IoT. Apply at www.buildit.lv At Buildit you don't just get a product accelerator. You get a partner in development that's invested in seeing you succeed raising the Seed investment. Buildit offers a 4-month program of intensive mentoring, product and business development and a follow-on individual mentoring program (up to 2 years): - 20-50 K EUR Pre-Seed cash investment per start-up and possible follow on Seed investment of up to 250k EUR; - free open office space in the centre of Riga, Latvia during the acceleration program (4 months); - free and discounted services from partners – incl. server space, licenses, development tools, design services, testing facilities, marketing services, legal, accounting and banking services, interns, etc. Buildit is supported by Altum Accelerator program, which is financed from the European Regional Fund.

Toomas Noorem

Leading Expert and Founder

Maarja Pehk

COO

Aleksander Tõnnisson

Co-Founder, Managing Partner

Rene Tõnnisson

Co-Founder, Managing Partner

Past deals in Latvia

Alternative Plants

Seed Round in 2022
Alternative Plants is a biotech start-up that establishes plant stem cell cultures for effective, consistent and sustainable production of cosmetic active ingredients. Our focus is on medicinal plants that are difficult to grow, are rare or even endangered, so our plant stem cell culture technology is the only way to access the valuable substances that they produce. Our current focus is on cosmetic active ingredients market. Our clients are cosmetic manufacturers that use our plant stem cell derived active substances as key active ingredients in their products. In the same time we clearly see that with our technology we can later expand to other markets as functional foods, medical devices and pharma as well.

Grindclaw

Pre Seed Round in 2022
We are designing and manufacturing the first truly ergonomic wrist support glove called "Grindclaw" for professional e-sports players to help them avoid wrist injuries while playing PC games in contents/events or while training and improving their skills.

Naco

Seed Round in 2022
Naco builds a manufacturing station to provide its clients with ready-to-use coated parts for hydrogen production.

ForkNAV

Seed Round in 2021
Developer of automation software intended to optimize forklift operations. The company's platform provides analytics to organize and optimize how forklifts work in the warehouse, helping clients improve their warehouse utilization of resources.

BeeSage

Pre Seed Round in 2020
BeeSage gives beekeepers new insights about their beehives, optimises their workflow, and allows them to make informed decisions. In this way, beekeepers prevent a loss of profit and increase productivity through IoT technology.

ForkNAV

Pre Seed Round in 2020
Developer of automation software intended to optimize forklift operations. The company's platform provides analytics to organize and optimize how forklifts work in the warehouse, helping clients improve their warehouse utilization of resources.

PomaBrush

Pre Seed Round in 2020
SIA Pomabrush manufactures a silicon electric toothbrush for cleaning sensitive teeth and gums. It manufactures a rechargeable electric toothbrush equipped with an integrated timer and an all-silicone brush head for teeth, gums, and removing plaque from the tongue. SIA Pomabrush was founded in 2018 and is based in Riga, Latvia.

xTimer

Pre Seed Round in 2019
Founded by two ex track and field athletes, xTimer introduces chronometer 2.0 for every coach who wants to know the exact time for his athlete in every workout session. Every sprint tells a story and with xTimer you can read this story and your athletes' performance in a workout for real. Now timekeeping for the athlete is made easier than ever before.

Winmill

Seed Round in 2019
Winmill is a robotics company that helps athletes in hockey training. It develops training equipment for ice hockey equipped with stereo-cameras to analyze player's position, movement, and speed and is capable of passing and shooting pucks with its own intellect, enabling coaches to train hockey athletes and provide feedback about performance and progress of the players. The company is based in Riga, Latvia.

ROBOEATZ

Pre Seed Round in 2019
Fully automated robotic kitchen system, that cooks and serves custom meals without human help. Substitutes up to 5 employees, operates 24/7, delivers 1 custom meal per minute, cooks 1000s of recipes, provides perfect contamination control Roboeatz team consists of restaurateurs and aerospace engineers working for the food service industry in Canada, USA and Latvia.

CastPrint

Pre Seed Round in 2019
CastPrint is a company focused on revolutionizing fracture treatment through the use of advanced 3D printing technology. By providing lightweight, waterproof, and comfortable casts, CastPrint enhances the patient experience and promotes an active recovery. These innovative casts not only improve patient comfort compared to traditional plaster options, which are often heavy and uncomfortable, but also integrate seamlessly into hospital workflows. This integration allows physicians to save approximately 15% of their time on each fracture case, thereby improving overall efficiency in treatment. CastPrint's approach not only prioritizes the physical well-being of patients but also aims to elevate the standard of care in orthopedic treatment.

The Littery

Pre Seed Round in 2019
The Littery is an environmental services company that recycles plastic pollution into e-lottery tickets. The company uses IoT and Computer vision to reframe litter into e-lottery tickets that cause an instant change of attitude due to the innate human optimism bias resulting in an immediate and lasting behavioral change. Its breakthrough idea has the potential to revolutionize the littering and household packaging collection markets with its superior solution by motivating citizens to keep their cities clean by themselves. Cities that partner with The Littery experience cleaner communities with less litter and happier citizens at a lower cost. The Riga, Riga-located company was founded by Michael Manniche in 2019.

CastPrint

Pre Seed Round in 2019
CastPrint is a company focused on revolutionizing fracture treatment through the use of advanced 3D printing technology. By providing lightweight, waterproof, and comfortable casts, CastPrint enhances the patient experience and promotes an active recovery. These innovative casts not only improve patient comfort compared to traditional plaster options, which are often heavy and uncomfortable, but also integrate seamlessly into hospital workflows. This integration allows physicians to save approximately 15% of their time on each fracture case, thereby improving overall efficiency in treatment. CastPrint's approach not only prioritizes the physical well-being of patients but also aims to elevate the standard of care in orthopedic treatment.

asya.ai

Pre Seed Round in 2019
ASYA LTD develops app for listening, talking, and balancing emotions through artificial intelligence. It gives private feedback for the way of communication, develops in becoming a better speaker, and provides controlling of data. The company was incorporated in 2010 and is based in Witney, United Kingdom.

Winmill

Pre Seed Round in 2018
Winmill is a robotics company that helps athletes in hockey training. It develops training equipment for ice hockey equipped with stereo-cameras to analyze player's position, movement, and speed and is capable of passing and shooting pucks with its own intellect, enabling coaches to train hockey athletes and provide feedback about performance and progress of the players. The company is based in Riga, Latvia.

Alternative Plants

Pre Seed Round in 2018
Alternative Plants is a biotech start-up that establishes plant stem cell cultures for effective, consistent and sustainable production of cosmetic active ingredients. Our focus is on medicinal plants that are difficult to grow, are rare or even endangered, so our plant stem cell culture technology is the only way to access the valuable substances that they produce. Our current focus is on cosmetic active ingredients market. Our clients are cosmetic manufacturers that use our plant stem cell derived active substances as key active ingredients in their products. In the same time we clearly see that with our technology we can later expand to other markets as functional foods, medical devices and pharma as well.