Zigmars Reklaitis

Chairman of the Board, Partner

39 past transactions

Flirtu

Pre Seed Round in 2023
Flirtu is a dating application integrated with Telegram, designed to assist users in finding compatible matches based on shared interests. The platform allows individuals to view nearby profiles, communicate directly, and send virtual gifts, all while prioritizing user confidentiality and safety. By facilitating connections within a familiar environment, Flirtu aims to create a comfortable dating experience for its users.

Yieldstreet

Series C in 2021
Yieldstreet is a management platform that provides retail investors access to income-generating investment products. Founded in 2015, It gives individuals access to alternative investments that have traditionally been off-limits to the average investor. With over $2.5 billion invested across multiple asset classes, Yieldstreet is changing the way people generate passive income by lowering and removing the barriers that historically kept these lucrative opportunities far out of reach. In 2013, founders Milind Mehere and Michael Weisz were frustrated that many investment strategies were typically reserved only for institutions and the ultra-wealthy. Typically, the average investor was left to choose between the stock market and bonds with falling yields - with few options in between. Asset-based investments had longer hold periods and a higher barrier of entry, keeping them well out of reach of accredited investors — even more so for unaccredited investors. As a result, they decided to leverage the growing fintech disruption to give more people access to these previously restricted alternative investments. Milind’s background in building companies combined with Michael’s decade-plus experience in investing and fund management formed the core of Yieldstreet. Passion for their investors and employees as well as a willing embrace of innovation, has been part of Yieldstreet’s identity from the beginning. Each decision to leverage a new technology, or investment strategy, or originate a new deal is made to put investors first. That drive has propelled Yieldstreet across all 50 states, crossing $100M invested in less than eight quarters, with the $1B milestone coming only three years later. In 2019, Yieldstreet’s membership had grown to 100,000, and a savings account for members was launched. Yieldstreet, since its launch in 2015, has not deviated from its goal to change investing for the better, nor has it slowed down. Yieldstreet was ranked number 46 on the Inc. 5000 list of the fastest-growing companies and has been recognized by Built In as one of the Best Places to Work. Yieldstreet today delivers wealth generation options and alternative investments for more than 330,000 investors and has returned more than $1.3 billion in principal/interest. Many alternative investment platforms only focus on one asset class, such as real estate or art. Yieldstreet’s offerings, accessed through cash or a low-fee IRA, cover a wide range of asset classes — art, real estate, legal, corporates, consumer, and commercial, via single investments or funds. Yieldstreet also offers its members short-term notes on offerings with a hold period between 3 and 6 months, which generally boast higher interest rates than money markets and CDs. Yieldstreet is headquartered in New York and has offices in Brazil, Greece, and Malta. Michael Weisz serves as President and Milind Mehere serves as CEO. Together, they manage a team of more than 140 employees, all working toward Yieldstreet’s one goal: to change the way people invest for the better.

Hepta Insights

Seed Round in 2020
Hepta Airborne brings accurate airborne inspection to power grid operators while saving time, costs, and the environment. They have built 6-hour flight time drones that work in synergy with our autonomous data processing platforms and sensors. They work with satellites, helicopters, sensors, and software. It's not about drones, it's about big data and collecting and analysing the data as efficiently as possible.

asya.ai

Pre Seed Round in 2020
Our main service activities focuses on new software product prototyping, manufacturing industry, high tech R&D and creative mobile app development. We work with all aspects of software development and design, stretching from pre-market studies through ideation to surface design, concept engineering and realization of the end product. Pitch Patterns analyze sales and customer service calls, detect emotion tone of voice, biometric verification, content, and automatically detect problematic calls. Instead of listening calls randomly from 10k we give top 10 to listen and improve.

Hepta Insights

Seed Round in 2019
Hepta Airborne brings accurate airborne inspection to power grid operators while saving time, costs, and the environment. They have built 6-hour flight time drones that work in synergy with our autonomous data processing platforms and sensors. They work with satellites, helicopters, sensors, and software. It's not about drones, it's about big data and collecting and analysing the data as efficiently as possible.

Aerones

Seed Round in 2019
Aerones is a technology company founded in 2015 and headquartered in San Jose, California, specializing in robotic solutions for wind turbine blade maintenance. The company offers a range of automated services, including blade cleaning, de-icing, coating application, detailed inspections, data analysis, conductivity testing, and drainage hole cleaning and repair. Aerones' technology is designed to be compact and transportable, allowing for remote operation. This innovative approach enables wind energy businesses to conduct maintenance in an efficient, cost-effective, and safe manner, thereby enhancing the performance and longevity of wind turbines.

Aerones Nordic

Series A in 2019
Aerones offers robotic inspections, cleaning, coating, and repair services for wind turbine blades. They provide conductivity measurements and troubleshooting, drainage hole cleaning, external inspection of the wind turbine blades, and internal inspection of the blades.

Cito Pluss

Seed Round in 2016
Cito Pluss is a provider of transport services for wood chips companies.
SIA Lielupes Industriālais Parks is a provider of Industrial and warehouse real estate development services for lease.

Captomatic

Seed Round in 2016
Captomatic is a world's only automatic roller coaster camera system for photography and on-ride video.

TC Motors

Venture Round in 2016
TC Motors is a prominent automotive business located in Riga, Latvia, specializing in the sale of new and used vehicles from various brands, including Chrysler, Jeep, Dodge, RAM, Lancia, and Subaru. The company's showroom, situated on Krasta Street, is designed to provide an inviting atmosphere and easy accessibility for customers. In addition to vehicle sales, TC Motors offers a range of services, including body repair and auto spa treatments, ensuring comprehensive care for customers' automotive needs. The company prides itself on delivering exceptional customer service through a dedicated team that shares a passion for cars.

RRKP Buve. SIA

Seed Round in 2016
RRKP Buve. SIA is a manufacturer of sawmill.

SIA Sindas Kaltes

Venture Round in 2016
SIA Sindas Kaltes is a provider SIA wood drying services.

Gas Powered Rail Latvia

Debt Financing in 2015
Gas Powered Rail Latvia is a developer of dual fuel systems for locomotives.

Viduskurzemes AAO

Venture Round in 2015
SIA Viduskurzemes AAO is a waste management and recycling service provider based in Brocēnu, Latvia, established in 2009. The company specializes in collecting bulky waste and construction debris, as well as recycling waste materials into fuels. Viduskurzemes AAO is committed to offering high-quality services at competitive rates while minimizing environmental impact. Through its operations, the company aims to enhance waste fuel recycling and reduce pollution associated with waste management activities.

SIA LGT Operators

Venture Round in 2015
SIA LGT Operators is a liquid food cargo terminal operator.

BaltBrand

Venture Round in 2015
BaltBrand Ltd is a company based in Salaspils, Latvia, specializing in the design, manufacture, and assembly of timber drying kilns. Founded in 2013, BaltBrand offers a comprehensive range of solutions for wood drying plants, including boilers and equipment tailored to meet European Union standards. The company serves various markets, including Latvia, Russia, the Czech Republic, Austria, and Poland. Its services encompass everything from the production of individual components to full turnkey solutions, which include advisory services, equipment selection, installation, and ongoing maintenance during both warranty and post-warranty periods. Additionally, BaltBrand provides drying services for hardwood, coniferous wood, lumber, and firewood.

SIA Rienzi

Venture Round in 2015
SIA Rienzi is a producer of chocolate, and bakery cakes.

SIA Smart Meter

Venture Round in 2015
SIA Smart Meter is a manufacturer of service water flow meters.

Lakijs SIA

Venture Round in 2015
Lakijs SIA is a wholesale and processing of berries and mushrooms.

Valmiera Typography Lapa

Debt Financing in 2015
Valmiera Glass USA Corp. manufactures fiberglass and fiberglass products.

GMT Beauty Trade Ltd.

Venture Round in 2015
GMT Beauty Trade Ltd. is a manufacturer and distributor of cosmetic products located in Riga, Latvia. With a team of professionals boasting over 20 years of experience in beauty care and aesthetic medicine, the company focuses on creating a range of skin and body care items. Their product line includes skin creams, face and body wash gels, body oils, and shampoos, designed for both home and professional use. By leveraging recent studies and advancements in cosmetology, biochemistry, and aesthetics, GMT Beauty Trade Ltd. aims to develop effective solutions that cater to the needs of its clients.

AirDog

Seed Round in 2015
AirDog is an electronics manufacturing company that specializes in developing autonomous action sports drones designed for capturing high-quality videos from the ground. The company's drones utilize innovative motion prediction technologies and advanced tracking algorithms, allowing them to operate in challenging environments without the need for manual control. This technology enables users to effortlessly record their adventures hands-free, ensuring that they always capture their experiences in the ideal frame.

Veiters Corp

Venture Round in 2015
VEITERS is one of the largest offset printing and high quality printing companies in the Baltic countries. Our specialization is sheet offset printing. We manufacture high quality full color printing products.

Baltic Floating Structures

Debt Financing in 2015
Baltic Floating Structures, based in Riga, Latvia, specializes in the design and construction of innovative floating structures using unique technology that eliminates the need for traditional hydro-technical works. The company focuses on developing solutions across various sectors, including floating residential, commercial, and industrial structures. Additionally, Baltic Floating Structures provides heavy-duty reinforced concrete pontoons and floating refueling complexes designed for watercraft, as well as multifunctional workboats suitable for diverse operations on water. Through its commitment to innovation and technical excellence, the company aims to enhance the efficiency and functionality of floating infrastructures.

SIA Muižnieks

Debt Financing in 2015
SIA Muižnieks offers to buy lumber and fireplaces in a wide assortment.

AIM Systems SIA

Seed Round in 2015
AIM Systems SIA is a provider of software services.

Packaged Ice, SIA

Seed Round in 2015
Packaged Ice, SIA offer temperature-controlled transport services in the entire territory of Latvia.

Monea

Venture Round in 2014
Monea is a peer-to-peer micropayment application available on Android and iOS that facilitates quick money transfers directly from users' bank accounts to their phonebook contacts' accounts, completing transactions within one minute. The application eliminates the need for users to enter any bank credentials for the recipient and does not require top-up accounts, ensuring a streamlined and efficient transfer process. This service is designed to enhance convenience in personal transactions, even when users and recipients are with different banks.

SH Capital SIA

Seed Round in 2014
SH Capital SIA is a Industrial real estate development company provide real estate services for lease.

SFM Latvia

Seed Round in 2014
SFM Latvia is a steel fabrication company located in Jelgava, Latvia. The firm specializes in a variety of services, including welding, assembling, shotblasting, and painting of steel structures. SFM Latvia produces a diverse array of products, such as equipment, components for mining machinery, platforms, containers, tanks, and industrial mixers. The company is committed to delivering high-quality services to its clients at competitive prices.

Angel Glass Design

Venture Round in 2014
Angel Glass Design is a designer and manufacturer of functional glassware based in Riga, Latvia. The company specializes in creating a diverse range of glass tableware and decorative items, including bowls, vases, and art objects. Its products are known for their distinct shine and style, appealing to a wide customer base across Europe, the United States, Latin America, and Asia.

SIA Krasta Motors

Seed Round in 2014
SIA Krasta Motors is a provider of car repair services.

ACE Logistics Latvia SIA

Venture Round in 2014
ACE service may be summarised as a logistic solution. What this solution may contain, depends on the necessities of the client. In the case of modern transportation and logistics services, the knowledge of the provider of services for finding the best logistic solution, and the quality of services are becoming increasingly important, besides the actual transportation service. Such service is supported by a broad high-level network of sub-contractors and partners, information technology, knowledge regarding legislative and cultural peculiarities of each country, involved in the transportation process, and naturally, by employees who are eagerly doing their job.

Scanhouse SIA

Seed Round in 2014
Scanhouse SIA is a manufacturer of wooden frame houses.

SIA RŪĶIS

Seed Round in 2014
SIA RŪĶIS is a manufacturing company that specializes in PVC (polyvinyl chloride) products, and metal frame construction. Established in 1991, SIA RŪĶIS now is one of the leading marquee, larger tent, hangar, truck cover and PVC gate manufacturer and installer in Latvia.

Baltic Wild Fish, SIA

Seed Round in 2014
Baltic Wild Fish, SIA is a provider of forest meat.
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