ZGI Capital

ZGI Capital is the fund management company that manages "ZGI fund”, that was founded to support entrepreneurs lacking start-up capital for their business. The total amount of assets available for venture capital investments is of EUR 7.4M. Combined with bank financing, this will allow to finance investment projects with total assets of up to EUR 30M. The fund acts on behalf of various investors including the State.
JE

Juris Eizentals

Partner

Normunds Igolnieks

Partner and Chairman

IK

Ivars Kirsons

Co-Founder and Partner

Girts Rungainis

Co-Founder and Partner

Past deals in Latvia

Nerealitate, SIA

Venture Round in 2007
Nerealitate, SIA offers online entertainment and information content business and online security services.

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.

Naco Technologies, SIA

Venture Round in 2011
Naco Technologies Ltd develops, manufactures, and supplies nano coating technologies to customers worldwide. The company provides a range of high-performance multilayer and multicomponent coatings for equipment used in the tooling, automotive, aerospace, and micro-chip industries. Its products include oil-enhanced, wear-protective, thermal barrier, and liquid-repellent coatings. Naco Technologies was founded in 2009 and is based in Riga, Latvia. In 2015 Naco Texhnologies was acquired by the Germany-based Schaeffler Group.

Art Fairs Service

Seed Round in 2014
AFS is an expert company specializing in installation of walls for art fairs, auctions, museums and galleries. We also offer a wide range of supportive services and additional accessories. Our teams of dedicated craftsmen possess the state of the art equipment and latest technological knowhow in the field, and are guided by highly specialized and experienced management.

Square Audio

Seed Round in 2014
Square Audio was founded in 2012 in Riga, Latvia to research, develop and manufacture non-conventional professional acoustic systems. Prior to the joining forces and creating own company, co-founders Viesturs Balodis (31) and Rolands Janevics (54) were involved in several audio industry related activities such as high end, home audio, car audio and professional acoustic systems design and building as well high end studio microphones, innovative measurement technologies promotion to the global market. After many years involved with the various audio related activities co-founders decided to devote all that gathered experience and knowledge to create and promote the products that are ones of the highest importance in music recording process. The first product created by the company by the end of 2014 is the active two-way reference grade studio monitors called Square One.

Bioreactors.net

Seed Round in 2016
JSC Biotehniskais centrs an innovative Latvian company and we are designing and manufacturing laboratory and pilot scale bioreactors. JSC Biotehniskai bioreactors meet up-to-date requirements and includes innovative solutions. Model based control of feb-batch fermentation, as well as the use of novel of magnetic drive as an example. We test our new bioreactor solutions in our fermentations laboratory.

SIA Baltic Dairy Board

Venture Round in 2015
Family company, founded in 2008. From 2008 to 2015, the main activity is related to raw milk logistics services and the purchase and distribution of other dairy products. In 2015, the company opened a new factory for whey / milk protein and high value added products in Bauska. The factory is one of the largest milk / whey protein producers in Northern Europe with ~ 8000 T protein powder per year.

Stream Networks SIA

Seed Round in 2008
Stream Networks SIA provides fixed and mobile data transmission services, and Internet access to corporate clients in Latvia and the Russian Federation. SIA "Stream Networks" is one of the leading providers of fixed, mobile data transmission, Internet access services to more than 600 corporate clients in Latvia and Russia, including banks, state and local government institutions. Taking into account the growing demand, the company further develops new data center services that include cloud computing and virtualization solutions.

Creamware, SIA

Debt Financing in 2015
Creamware, SIA is a provider of Software Services.

SIA "DARDEDZE HOLOGRAFIJA

Debt Financing in 2015
"DARDEDZE HOLOGRAFIJA" amongst offset printersis one of the leading printing houses in Latvia. Company swiftly expanding company that employs more than 120 people. Additionally, we have fulfilled print orders from Latvia, Germany, The United Kingdom and Scandinavia, showing our commitment to international markets. "DARDEDZE HOLOGRAFIJA" was established in 1995 with the mission of manufacturing holograms, which help to secure documents and goods from attempted fraud.

Ecolutions

Debt Financing in 2014
Ecolutions is a provider of technical consultancy services.

SIA Banga LTD

Venture Round in 2016
SIA Banga LTD produces processed canned fish from the Baltic Sea. The company offers sprats and tomato sauce; and sprats with chili, garlic, paprika, as well as various other products.

SIA Aģentūra LILITA

Venture Round in 2007
Lilita focuses on her experience, creative potential and expertise in creating glossy magazines of the highest quality. The exact balance between the interests of readers and advertisers, constant innovations in both the magazines and the processes around them and the corresponding investments in development characterizes Lilita as the leading glossy magazine publisher in Latvia.

KOOL Latvija

Venture Round in 2017
SIA KOOL Latvija owns and operates fuel retail stores. The company offers snacks and fuels. It also offers customer cards and business -to-business cards. SIA KOOL Latvija was founded in 2016 and is based in Riga, Latvia.

SIA SCANDIVAC

Debt Financing in 2014
SIA SCANDIVAC manufactures thermoforming machines and vacuum equipment for packing food products, medicines, pharmacy products, and industrial and consumer goods.

N.O.M. Coatings, SIA

Venture Round in 2008
N.O.M. Coatings, SIA is producing a human hair out of natural organic matter.

SIA Mobilly

Venture Round in 2016
SIA Mobilly develops a payment system that allows mobile phone users to make and receive payments with their telephones anywhere where mobile services are available. The company offers Mobilly, a payment system to make payments by SMS or on the Internet. It offers payments for carpark services, entrance into Jurmala, taxicab services, postal services, E-signature timestamps, bus and train tickets, food delivery, purchase of Lattelecom terrestrial TV and SOS03 subscription codes, donations, and payments for other goods and services, as well as supplementation of Amigo, Okarte, and Bite cards. SIA Mobilly was founded in 2003 and is based in Riga, Latvia.

SIA Steel Constructor MM

Seed Round in 2014
SIA Steel Constructor MM provides construction and design services to buildings, reconstructed buildings, and industrial buildings in Latvia, Sweden, Finland, and Norway.

PLG Medical SIA

Seed Round in 2016
PLG Medical SIA manufactures and markets medical equipment in Latvia.

Orions Logistika SIA

Debt Financing in 2014
SIA Orions Logistika manufactures boilers and boiler houses for district heating systems, and small and medium enterprises.

SIA UPRENT

Debt Financing in 2016
UPRENT is a pumping system rental provider which are accompanied with trench shoring systems and power generators. The company serves customers with effective products which enable to get the job done in the shortest time and with lowest energy costs. It guarantees a high level of customer satisfaction by maintaining a constant communication with customers, managing customer satisfaction measurement, identifying customer complaints and needs, and assuring appropriate service according to customer needs and requirements. UPRENT was founded on 2013 and is headquartered in Riga, Latvia.

Stream Networks SIA

Seed Round in 2010
Stream Networks SIA provides fixed and mobile data transmission services, and Internet access to corporate clients in Latvia and the Russian Federation. SIA "Stream Networks" is one of the leading providers of fixed, mobile data transmission, Internet access services to more than 600 corporate clients in Latvia and Russia, including banks, state and local government institutions. Taking into account the growing demand, the company further develops new data center services that include cloud computing and virtualization solutions.

A/S Marupes Metalmeistars

Venture Round in 2015
A/S Marupes Metalmeistars produces steel roofs and wall coverings, sewerage systems, and other elements which are necessary for roof mounting, as well as various aspects of metal constructions for the private sector, public and industrial buildings, hangars, storied car parking, and shopping centers. It provides roofing systems, round water drain systems, profiled drain systems, supplementary systems, snow and safety barriers, constructive profiles, and metal structures. The company was founded in 1999 and is based in Olaine, Latvia.

Erenpreiss

Seed Round in 2015
Ērenpreiss velosipēdu unikalitāte slēpjas prasmē apvienot ievērojamu pagātnes pieredzi ar mūsdienīgu pieeju.

Rubber Products SIA

Seed Round in 2014
RUBBER PRODUCTS Ltd. is an innovative, environmentally-oriented company developing new technologies and products for rubber recycling and manufacturing industries. Rubber Products LTD team turns rubber recycling into a commercially viable and environmentally clean process. The company's innovative and experienced management team ensures sustainability and viability of the project.