Expansion Capital

Expansion Capital is a Latvian investment firm based in Riga, established in 2013. It manages a mezzanine fund that focuses on financing promising ideas, projects, and companies primarily in Latvia. The fund targets various sectors, including wood products, information technology, metals, minerals and mining, commercial transportation, healthcare, containers and packaging, and manufacturing. Investments typically range from EUR 150,000 to EUR 2,730,000. Expansion Capital aims to participate in initiatives organized by the Latvian state-owned development finance institution ALTUM, furthering its commitment to support the growth of innovative local enterprises.

Zigmars Reklaitis

Chairman of the Board, Partner

Past deals in Latvia

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.

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.

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.

GMT Beauty Trade

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.

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.

Packaged Ice, SIA

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

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 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.
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