ZGI Capital

ZGI Capital is a private equity and venture capital firm based in Riga, Latvia, established in 2005. The firm specializes in investments across various stages, including seed/startup, early venture, and growth capital, with a particular focus on the Fintech sector. It primarily targets opportunities within the Baltics and CIS countries, investing amounts ranging from €0.5 million to €1 million, and potentially up to €5.7 million with additional financing. ZGI Capital typically takes minority stakes, holding up to 49% equity, and may also provide loans under certain circumstances. The firm's investment horizon spans three to six years, with exits achieved through the sale of stakes to other investors. ZGI Capital manages the "ZGI fund," which supports entrepreneurs in need of start-up capital and has a total asset pool of €7.4 million, allowing it to finance projects up to €30 million when combined with bank financing. The firm does not engage in sectors such as synthetic fiber manufacturing, transportation, agriculture, or retail trade.

Juris Eizentals

Partner

Normunds Igolnieks

Partner and Chairman

Ivars Kirsons

Co-Founder and Partner

Jānis Lielcepure

Co-Founder and Partner

Girts Rungainis

Co-Founder and Partner

Past deals in Estonia

eAgronom

Series A in 2022
Founded 3.5 years ago by a son of a successful farmer and an experienced software developer, now 61 people team with experience from Stripe, Heap Analytics, Transferwise and ZeroTurnaround. Farmers spend weeks on government reports, get fined for the slightest mistake and most commonly manage their farm with Excel or pen and paper. eAgronom reduces generating reports to a couple of clicks, advises farmers on how to get the most out of their fields and warns against legislative violations while gathering data to unlock data mining potential for a 350 000 B industry. There are no other players in the industry who focus only on grain farming. eAgronom grabbed 70% of Estonian market in 6 months, in 1.5 years has expanded to 5 countries in Europe and into Canada. Ca 3,6M € funding from seed-investors.

UPRENT

Debt Financing in 2016
UPRENT is a rental company specializing in pumping systems and related equipment, operating primarily in Eastern Europe. Founded in 2013 and headquartered in Riga, Latvia, the company offers a comprehensive range of services, including equipment rental, project scheduling, cost calculations, delivery, installation, and sales of various pumping systems. Its product offerings include well point dewatering pumps, sewage pumps, submersible pumps, and a variety of accessories, alongside trench shoring systems and power generators. UPRENT caters to diverse industries such as construction, agriculture, mining, and emergency services, addressing needs like sewage pumping, groundwater purification, and industrial reservoir cleaning. The company prioritizes customer satisfaction by maintaining open communication, actively addressing customer feedback, and tailoring services to meet specific requirements. With branches in Latvia, Lithuania, Estonia, and Poland, UPRENT aims to deliver efficient solutions that minimize energy costs and enhance operational effectiveness.