Buildit VC
Buildit VC, established in 2013 in Estonia, is a pioneering accelerator dedicated to supporting hardware and IoT startups. As the first hardware-focused accelerator in the Nordics, it has grown significantly over the years, receiving over 3,500 applications and supporting more than 100 startups from 18 different countries. The program spans four months and helps entrepreneurs refine their prototypes, navigate the market, and secure significant investments, with the capacity to invest up to €1.5 million in promising ventures. Buildit has already seen successful exits from its portfolio, reflecting its commitment to fostering innovation and entrepreneurship in the hardware sector. The organization is backed by the Altum Accelerator program, financed by the European Regional Fund, further enhancing its capability to empower startups in achieving their goals.
Alternative Plants
Seed Round in 2022
Alternative Plants, SIA is a biotechnology start-up based in Riga, Latvia, founded in 2017. The company specializes in the development of active ingredients derived from plant stem cell cultures, focusing on medicinal plants that are rare, endangered, or difficult to cultivate. This innovative technology allows for the sustainable and consistent production of cosmetic ingredients, primarily targeting the anti-aging and skin whitening markets. Clients include cosmetic manufacturers that incorporate these plant stem cell-derived substances as key ingredients in their products. While the current emphasis is on the cosmetic sector, the company aims to expand its technology to other markets, including functional foods, medical devices, and pharmaceuticals.
Naco
Venture Round in 2022
Naco Technologies Ltd, established in 2009 and headquartered in Riga, Latvia, specializes in the development, manufacturing, and supply of nano-coating technologies. The company offers a range of high-performance, multilayer and multicomponent coatings designed to enhance the durability and efficiency of equipment across various industries, including tooling, automotive, aerospace, and micro-chip manufacturing. These coatings, which include oil-enhanced, wear-protective, thermal barrier, and liquid-repellent varieties, are applied to client-supplied parts, creating ready-to-use coated components. In 2015, Naco Technologies was acquired by the Germany-based Schaeffler Group, further expanding its global reach and resources.
Naco Technologies Ltd, established in 2009 and headquartered in Riga, Latvia, specializes in the development, manufacturing, and supply of nano-coating technologies. The company offers a range of high-performance, multilayer and multicomponent coatings designed to enhance the durability and efficiency of equipment across various industries, including tooling, automotive, aerospace, and micro-chip manufacturing. These coatings, which include oil-enhanced, wear-protective, thermal barrier, and liquid-repellent varieties, are applied to client-supplied parts, creating ready-to-use coated components. In 2015, Naco Technologies was acquired by the Germany-based Schaeffler Group, further expanding its global reach and resources.
Winmill
Seed Round in 2019
Winmill is a robotics company based in Riga, Latvia, that specializes in developing training equipment for ice hockey. The company creates robotic platforms equipped with stereo cameras, which analyze players' positions, movements, and speeds during training sessions. These advanced robots can autonomously pass and shoot pucks, allowing coaches to effectively train hockey athletes and provide detailed feedback on their performance and progress. By integrating technology into training, Winmill aims to enhance the development of hockey players through innovative and efficient training solutions.
Winmill
Pre Seed Round in 2018
Winmill is a robotics company based in Riga, Latvia, that specializes in developing training equipment for ice hockey. The company creates robotic platforms equipped with stereo cameras, which analyze players' positions, movements, and speeds during training sessions. These advanced robots can autonomously pass and shoot pucks, allowing coaches to effectively train hockey athletes and provide detailed feedback on their performance and progress. By integrating technology into training, Winmill aims to enhance the development of hockey players through innovative and efficient training solutions.
Alternative Plants
Pre Seed Round in 2018
Alternative Plants, SIA is a biotechnology start-up based in Riga, Latvia, founded in 2017. The company specializes in the development of active ingredients derived from plant stem cell cultures, focusing on medicinal plants that are rare, endangered, or difficult to cultivate. This innovative technology allows for the sustainable and consistent production of cosmetic ingredients, primarily targeting the anti-aging and skin whitening markets. Clients include cosmetic manufacturers that incorporate these plant stem cell-derived substances as key ingredients in their products. While the current emphasis is on the cosmetic sector, the company aims to expand its technology to other markets, including functional foods, medical devices, and pharmaceuticals.
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