Expansion Capital

Expansion Capital AIFP plans to participate in Latvian state-owned development finance institution ALTUM organized next generation fund manager tender, in order to continue to invest and finance mainly perspective Latvian ideas, projects, and companies.
EF

Eriks Fritssons

Chairman and Partner

AK

Andris Keziks

Partner and Board Member

ZR

Zigmars Reklaitis

Partner and Board Member

Past deals in Latvia

YieldStreet, Inc.

Series C in 2021
YieldStreet provides access to asset based investments historically unavailable to most investors. With the mission of prosperity for all, YieldStreet allows investors to effortlessly participate in curated investments with low market correlation and high yield, across litigation finance, real estate, and other alternative asset classes.

Valmiera Typography Lapa

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

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.

Captomatic

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

RRKP Buve. SIA

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

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
SIA TC Motors - Chrysler, Jeep®, Dodge, RAM Truck, Lancia and Subaru in Latvia. The car showroom in Krasta street 40, Riga, stands out not only with its unique appearance, but also with easy access and a pleasant ambience. Thanks to the excellent team and passion for cars, TC Motors Ltd. is able to provide top-class customer service and service.

Packaged Ice, SIA

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

SIA Viduskurzemes AAO

Venture Round in 2015
SIA Viduskurzemes AAO provides waste management and recycling services. Its services include bulky waste collection, debris collection, and waste recycling into fuels. SIA Viduskurzemes AAO was incorporated in 2009 and is based in Broceni, Latvia.

Gas Powered Rail Latvia

Debt Financing in 2015
Gas Powered Rail Latvia is a developer of dual fuel systems for locomotives.
SIA Lielupes Industriālais Parks is a provider of Industrial and warehouse real estate development services for lease.

Monea

Venture Round in 2014
Monea is a P2P micropayment application (Android and IOS) that provides money transfers to all your phonebook contacts directly from your bank account into their bank account within 1 minute. There's no need to input any bank credentials of the receiving party and there are no top-up accounts involved. The 1-minute promise works even if you reside in different banks.

Baltspan, SIA

Seed Round in 2016
SIA Baltspan is animal bedding producer from wood shavings. Our company was established in 2015 and is located in Cesis, Latvia.

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.

SFM Latvia

Seed Round in 2014
SFM Latvia is a provider of Welding, assembling, shotblasting and painting of steel structures.

AIM Systems SIA

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

SIA LGT Operators

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

SH Capital SIA

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

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.

Airdog SIA.

Seed Round in 2015
Airdog SIA. designs and manufactures airborne drones. The company offers AirDog, a foldable quadcopter that tracks position and follows the user with the help of AirLeash, a wearable tracking device. It offers products to action sports enthusiasts, professionals, and filmmakers who use GoPro cameras. Airdog SIA. was founded in 2012 and is based in Riga, Latvia. As of May 15, 2020, Airdog SIA. operates as a subsidiary of Alarm.com Holdings, Inc.

SIA Sindas Kaltes

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

Lakijs SIA

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

Angel Glass Design

Venture Round in 2014
Angel Glass Design is a designer and manufacturer of glass tableware.

GMT Beauty Trade Ltd.

Venture Round in 2015
The GMT BEAUTY creators — professionals with more than 20 years of practical experience in beauty care and aesthetic medicine — are certain: a human being is a unitary energy system. We have used the results of recent studies and scientific discoveries in cosmetology, biochemistry, and aesthetics to create the brand GMT BEAUTY .

SIA Rienzi

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

Hepta Airborne

Seed Round in 2019
Hepta Airborne Ltd offers airborne inspection and technical analysis and consulting services. The company's drones provides airborne inspection of electricity infrastructure; assessment of the state of poles, lines, insulators, transformers, and other equipment; planning and route selection for overhead lines, land cables, wind and solar energy, and forestry inspection. The company provides data processing and geographic information system related consultation of the captured data and utility construction design services. The company was founded in 2017 and is based in Tallinn, Estonia.

Baltic Floating Structures

Debt Financing in 2015
Baltic Floating Structures develops innovative solutions in water construction industry.

BaltBrand

Venture Round in 2015
The company offers design, production and assembly of wood drying equipment, corresponding to the standards of European Union. We offer different level of solutions – from individual elements of wood dryers (wood drying equipment) to a full service including advisory services, appropriate equipment selection production, delivery, installation, commissioning and servicing equipment during the warranty and post-warranty period.

SIA Smart Meter

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

SIA Krasta Motors

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

Cito Pluss, Ltd.

Seed Round in 2016
Cito Pluss, Ltd. is a provider of transport services for wood chips companies.

Scanhouse SIA

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

Aerones Nordic

Series A in 2019
Industrial drone services in Scandinavian and Baltic countries

SIA Muižnieks

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

Hepta Airborne

Seed Round in 2020
Hepta Airborne Ltd offers airborne inspection and technical analysis and consulting services. The company's drones provides airborne inspection of electricity infrastructure; assessment of the state of poles, lines, insulators, transformers, and other equipment; planning and route selection for overhead lines, land cables, wind and solar energy, and forestry inspection. The company provides data processing and geographic information system related consultation of the captured data and utility construction design services. The company was founded in 2017 and is based in Tallinn, Estonia.

Baltic Wild Fish, SIA

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