Imprimatur Capital

Sonarworks Ltd. is an audio technology company based in Riga, Latvia, founded in 2012. It specializes in software that calibrates sound across various headphones and speakers, enhancing audio experiences for both consumers and professionals. The company's key offerings include Reference 4, which is tailored for studio environments, and True-Fi, designed for everyday listeners. Sonarworks' SoundID technology customizes sound devices to align with individual hearing preferences, improving sound quality and eliminating noise shortcomings. This software is widely used in professional recording studios and is available online as well as through international dealers, bridging the gap between sound creators and listeners.

OROCON is a developer of specialized construction site management software aimed at helping construction companies and real estate developers streamline their operations. The platform offers a centralized dashboard that consolidates information for efficient online planning, scheduling, and financial management. It also includes communication tools that facilitate coordination among subcontractors and stakeholders, thereby enhancing project execution. OROCON has completed proof of concept with Latvian companies and is experiencing interest in its services from other EU countries as it prepares for expansion. The software is designed to address operational challenges within the construction industry, enabling clients to effectively manage their projects and increase profitability.

AirBoard LLC, founded in 2015 and based in Liepaja, Latvia, specializes in the development of advanced agricultural drones. The company is focused on the automated aerial pesticide spraying market, which is valued at $25.5 billion. AirBoard is designing a powerful AgTech drone weighing 220 pounds, aiming to significantly reduce pesticide usage by 70%. The team comprises experts from diverse fields, including a champion drone racer, an electric vehicle industry pioneer, and an agriculture specialist. AirBoard has established agreements with customers to replace traditional helicopter spraying methods and is currently conducting pilot tests in European vineyards to demonstrate the effectiveness of their innovative technology.

Sonarworks Ltd. is an audio technology company based in Riga, Latvia, founded in 2012. It specializes in software that calibrates sound across various headphones and speakers, enhancing audio experiences for both consumers and professionals. The company's key offerings include Reference 4, which is tailored for studio environments, and True-Fi, designed for everyday listeners. Sonarworks' SoundID technology customizes sound devices to align with individual hearing preferences, improving sound quality and eliminating noise shortcomings. This software is widely used in professional recording studios and is available online as well as through international dealers, bridging the gap between sound creators and listeners.

ZoomCharts, founded in 2013 and based in Riga, Latvia, specializes in advanced data visualization software that facilitates complex and interactive data presentations. The company’s solutions enable businesses to enhance end-user efficiency in data exploration by providing a cost-effective approach to visual data discovery. Their software allows for the integration of dynamic, multi-touch enabled big data visualizations into web projects, offering clients the ability to create optimized interactive graphs and JavaScript charts suitable for touch-screen devices and web applications.

Boston Neurosciences, Inc. is a medical device company specializing in neurodiagnostics, founded in 2013 and headquartered in Waltham, Massachusetts, with additional offices in Boston and Kaunas, Lithuania. The company has developed a range of ultrasound-based devices that provide non-invasive measurement of intracranial pressure (ICP), cerebral blood flow autoregulation, and intracranial volumetric wave monitoring. Its flagship product, the BNS ICP 3, employs an image-guided, non-invasive approach to measure ICP in real time using ultrasound Doppler technology. These diagnostic methods have undergone clinical testing and validation in leading neuro centers across Europe and the United States. Boston Neurosciences aims to improve patient outcomes in conditions such as traumatic brain injury, concussion, hydrocephalus, stroke, and brain tumors by enabling clinicians to obtain safer, faster, and more accurate measurements of ICP.

Fabula is an ebook subscription service that provides mobile users with access to a diverse range of titles, allowing them to choose books that align with their interests. Launched in 2014, the platform is designed to encourage reading by helping users discover trending titles within their industry or social circles. Fabula offers a growing catalog of ebooks that can be purchased, rented, or accessed through subscription, ensuring that content remains relevant to each reader. The company operates from bases in Riga, Latvia, and Helsinki, Finland, and aims to foster a community of book enthusiasts.

Naco Technologies Ltd specializes in the development, manufacturing, and supply of advanced nano coating technologies to a global clientele. Founded in 2009 and based in Riga, Latvia, the company offers a variety of high-performance coatings, including oil-enhanced, wear-protective, thermal barrier, and liquid-repellent solutions tailored for industries such as tooling, automotive, aerospace, and micro-chip production. In recent years, Naco has focused on supporting the hydrogen sector by building a manufacturing facility that provides ready-to-use coated parts for hydrogen production systems. By developing multilayer and multicomponent coatings specifically for green hydrogen applications like electrolyzers and fuel cells, Naco aims to enhance the reliability of these systems while minimizing the need for costly and scarce materials. In 2015, Naco was acquired by the Schaeffler Group, a Germany-based company.

Maintenel Automation LLC, established in 2013 and based in Riga, Latvia, specializes in developing a cloud-based platform and software solution aimed at reducing the operational and maintenance costs associated with off-highway vehicles, industrial equipment, and infrastructure. The company's technology involves measuring the workload of heavy equipment by tracking the time spent in various operating modes. This data is utilized to generate timely maintenance warnings and conduct detailed labor analyses, thereby enhancing the effectiveness of preventive and predictive maintenance strategies. By implementing Maintenel's solutions, users can significantly reduce repair expenses, achieving cost savings of up to three times in operational costs and even more than ten times by minimizing job interruptions and downtime.

ZoomCharts, founded in 2013 and based in Riga, Latvia, specializes in advanced data visualization software that facilitates complex and interactive data presentations. The company’s solutions enable businesses to enhance end-user efficiency in data exploration by providing a cost-effective approach to visual data discovery. Their software allows for the integration of dynamic, multi-touch enabled big data visualizations into web projects, offering clients the ability to create optimized interactive graphs and JavaScript charts suitable for touch-screen devices and web applications.

Briefly, UOT is a global joint venture formed to develop and manufacture Underwater Optical Communications devices and other optical systems for the oil and gas industry. It brings together, two experienced and specialized research teams, that of Lores Technologies of San Diego, USA, and Eventech of Riga Latvia. Their technical people are supported by a strong core management team with unique experience in managing multinational, cross border research and development efforts. (Take a look at their “Getting to know us” page for further background).

Koatum is a 7th Commercialization Reactor-born med-tech startup, founded in Riga, Latvia (2014) with an aim to introduce its unique know-how to the industry of medical body implants. The usage of implantable products of medical engineering, such as dental, orthopaedic or reconstructive implants, has become a common surgical practice. While the industry is constantly expanding due to additional products and methods being introduced, the major direction for research and development remains the same – medical implants should be made safer, capable of faster healing and faster bio-integration, less prone to any risks of rejections and inflammations. This is achieved by coating medical implants or modifying the morphology of their surface in order to increase the chances of faster biointegration. The coatings currently offered by manufacturers feature a limited set of biointegrational possibilities, only having a one-layer composition.

Naco Technologies Ltd specializes in the development, manufacturing, and supply of advanced nano coating technologies to a global clientele. Founded in 2009 and based in Riga, Latvia, the company offers a variety of high-performance coatings, including oil-enhanced, wear-protective, thermal barrier, and liquid-repellent solutions tailored for industries such as tooling, automotive, aerospace, and micro-chip production. In recent years, Naco has focused on supporting the hydrogen sector by building a manufacturing facility that provides ready-to-use coated parts for hydrogen production systems. By developing multilayer and multicomponent coatings specifically for green hydrogen applications like electrolyzers and fuel cells, Naco aims to enhance the reliability of these systems while minimizing the need for costly and scarce materials. In 2015, Naco was acquired by the Schaeffler Group, a Germany-based company.

Fabula is an ebook subscription service that provides mobile users with access to a diverse range of titles, allowing them to choose books that align with their interests. Launched in 2014, the platform is designed to encourage reading by helping users discover trending titles within their industry or social circles. Fabula offers a growing catalog of ebooks that can be purchased, rented, or accessed through subscription, ensuring that content remains relevant to each reader. The company operates from bases in Riga, Latvia, and Helsinki, Finland, and aims to foster a community of book enthusiasts.

MightyFingers is a company based in Riga, Latvia, that specializes in developing an HTML5 and JavaScript-based game engine designed for creating two-dimensional and isometric online games for both desktop and mobile platforms. Founded in 2011, the company provides a suite of development tools that allow users to easily create, publish, and share games. Its game engine features a range of capabilities, including open-source support, asset management, a map editor, physics simulation, a code editor, and the ability to export games for Android. Additionally, it offers tools for animation, game hosting, and data export, making it a comprehensive solution for game developers.

Sonarworks Ltd. is an audio technology company based in Riga, Latvia, founded in 2012. It specializes in software that calibrates sound across various headphones and speakers, enhancing audio experiences for both consumers and professionals. The company's key offerings include Reference 4, which is tailored for studio environments, and True-Fi, designed for everyday listeners. Sonarworks' SoundID technology customizes sound devices to align with individual hearing preferences, improving sound quality and eliminating noise shortcomings. This software is widely used in professional recording studios and is available online as well as through international dealers, bridging the gap between sound creators and listeners.

NeoZeo, founded in 2010 as a spin-off from the Arrhenius laboratory at Stockholm University, specializes in the development of advanced porous materials for gas separation, particularly focusing on carbon dioxide removal from methane in biogas upgrading. The company has expanded its operations by establishing a subsidiary in Riga, Latvia, in 2012. With a foundation in extensive research in materials chemistry, NeoZeo has created innovative zeolite adsorbents and continues to enhance its gas separation technologies through ongoing research and development. The company offers small-scale biogas upgrading solutions utilizing vacuum pressure swing absorption and novel absorbents, enabling the production of high-value biomethane from raw biogas generated on farms or from municipal waste. This technology aims to provide cleaner fuels and energy sources while advancing sustainable practices in biogas utilization.

"LED Chemicals" is a company active in development and production of novel phosphors for LED applications. They produce yellow, green, orange and red phosphors tailored to individual customers’ requests. Innovative approach to development and production of inorganic materials based on long-term fundamental research allows them to offer LED phosphors with better characteristics at competitive prices. Specific approach of "LED Chemicals" to particular customer’s needs helps LED manufacturers to improve their LEDs production due to integrating customer-tailored "LED Chemicals" phosphors and phosphor compositions. Their head office and main production facilities are located in Riga, capital of Republic of Latvia, member of EU. Such location ensures fast and easy shipments of phosphor to customers in European countries, as well as to all other destinations worldwide by fast and economical air delivery service

It is an honor for me to have been asked to introduce Aminostream, a Joint Venture legacy project of the International Science and Technology Center (ISTC). The ISTC, an International Treaty Organization funded by the EU and the Governments of the USA, Canada and Japan, has during the past 15 years invested over 800 million dollars to support scientists and their research in the States of the former USSR. Aminostream is one of our success stories, and has as its origin, the Scientific Research Institute of Biotechnology of the Republic of Armenia, founded in 1971, the Institute became the Lead organization for biotechnology research and production of high-purity amino acids for the medical and food industries for the entire USSR. While ISTC support for the Institute goes back over a decade, for the past five years, we have focused on making the Institute a sustainable commercial producer of non-protein amino acids. The Institute has surpassed our expectations and have developed systems and practices that combined make them an extremely cost efficient and flexible producer. Based upon this success we have encouraged them to "commercialize" their activities, and in response the Institute has created Aminostream, incorporated in the EU (Latvia) it is a completely independent producer with the Institute as a major shareholder. As I mentioned at the beginning, Aminostream is one of the ISTC success stories, it is on its own, competing in the world market place. It is an example of the successful marriage of different players all supporting science and innovation. It is what Globalization can and should be. In the end, however, its future depends on its ability to compete and survive in the market place. I urge you to test this and challenge them to perform. This is the only test that really matters, and I am sure they will meet any and all of your expectations.

Maintenel Automation LLC, established in 2013 and based in Riga, Latvia, specializes in developing a cloud-based platform and software solution aimed at reducing the operational and maintenance costs associated with off-highway vehicles, industrial equipment, and infrastructure. The company's technology involves measuring the workload of heavy equipment by tracking the time spent in various operating modes. This data is utilized to generate timely maintenance warnings and conduct detailed labor analyses, thereby enhancing the effectiveness of preventive and predictive maintenance strategies. By implementing Maintenel's solutions, users can significantly reduce repair expenses, achieving cost savings of up to three times in operational costs and even more than ten times by minimizing job interruptions and downtime.

Fabula is an ebook subscription service that provides mobile users with access to a diverse range of titles, allowing them to choose books that align with their interests. Launched in 2014, the platform is designed to encourage reading by helping users discover trending titles within their industry or social circles. Fabula offers a growing catalog of ebooks that can be purchased, rented, or accessed through subscription, ensuring that content remains relevant to each reader. The company operates from bases in Riga, Latvia, and Helsinki, Finland, and aims to foster a community of book enthusiasts.

NanoOptoMetrics Ltd. is a company based in Riga, Latvia, specializing in the development of ultra-high performance metrology instruments utilizing white light optical interferometry technology. Founded in 2013, the company offers a non-contact profilometer capable of measuring surface roughness and optical form with exceptional precision of up to 1 nanometer. This instrument features a 100mm field of view without the need for stitching and incorporates a built-in vibration resistance algorithm. NanoOptoMetrics' products are designed to support various industries, including high-tech manufacturing, semiconductors, data storage, and optoelectronics, by providing precise measurement solutions for inspecting and controlling critical components.

MaxTraffic offers an online tool that affects website visitor behavior in a way that increases conversions. It analyzes and influences website visitor behavior to increase sales while allowing website owners to create special offers to display to their customers at specific times. When a customer visits a client website, the tool immediately begins tracking their mouse movement and velocity. If visitors move their cursor towards the close button or address bar, their intention to leave is anticipated and immediately display a targeted offer or advertisement. BounceBack is a technology unique to MaxTraffic that targets visitors who attempt to leave by using the “Back” button. Very often, these are visitors who came via search engine and are now attempting to return. By adding this feature, you can easily convert visitors who leave your site into customers. Through on-site targeting users can engage specific visitor segments with targeted offers. Messages can be shown specifically to first-time visitors, visitors from a specific country, or returning visitors who have not yet made a purchase. MaxTraffic was founded by Kristaps Mors in 2012 and is based in Riga, Latvia.

ZoomCharts, founded in 2013 and based in Riga, Latvia, specializes in advanced data visualization software that facilitates complex and interactive data presentations. The company’s solutions enable businesses to enhance end-user efficiency in data exploration by providing a cost-effective approach to visual data discovery. Their software allows for the integration of dynamic, multi-touch enabled big data visualizations into web projects, offering clients the ability to create optimized interactive graphs and JavaScript charts suitable for touch-screen devices and web applications.

The company „Blue Bridge Technologies” was founded in 2007, in Latvia by the team of experienced Latvian experts especially to develop and implement new and effective IT solutions for business process modernization and service accessibility. Its specialization was defined through the years of development – process and document flow automation in healthcare, health insurance and wellness. In the basis of their products is their own developed software that can be easily integrated with other systems and helps to automate various business processes. Implementing their projects, they have received valuable experience in collaboration with health care providers, insurance companies, spa and fitness industry representatives.

Spatial Initiatives develops innovative laser- and lidar-based measuring technologies for engineering and geomatics applications. It was incorporated in 2013 and is based in Riga, Latvia.

NeoZeo, founded in 2010 as a spin-off from the Arrhenius laboratory at Stockholm University, specializes in the development of advanced porous materials for gas separation, particularly focusing on carbon dioxide removal from methane in biogas upgrading. The company has expanded its operations by establishing a subsidiary in Riga, Latvia, in 2012. With a foundation in extensive research in materials chemistry, NeoZeo has created innovative zeolite adsorbents and continues to enhance its gas separation technologies through ongoing research and development. The company offers small-scale biogas upgrading solutions utilizing vacuum pressure swing absorption and novel absorbents, enabling the production of high-value biomethane from raw biogas generated on farms or from municipal waste. This technology aims to provide cleaner fuels and energy sources while advancing sustainable practices in biogas utilization.

Advanced Vector Analytics SIA, founded in 2012 in Riga, Latvia, specializes in the development of innovative solutions for the measurement and interpretation of vibrations in mechanical systems. The company's technology, based on research by Russian scientists, employs stress-sensitive sensors to accurately measure and analyze complex vibrations. This capability allows for the detection of defects in critical infrastructure, including buildings, bridges, and transport vehicles in both ground and aerospace applications. By providing detailed insights into the behavior of mechanical systems, Advanced Vector Analytics aims to enhance safety and reliability throughout the lifecycle of these systems, from design and production to maintenance and diagnostics. The company has also pursued international patents to protect its groundbreaking technology and has previously secured pre-seed investment to support its development efforts.

The company „Blue Bridge Technologies” was founded in 2007, in Latvia by the team of experienced Latvian experts especially to develop and implement new and effective IT solutions for business process modernization and service accessibility. Its specialization was defined through the years of development – process and document flow automation in healthcare, health insurance and wellness. In the basis of their products is their own developed software that can be easily integrated with other systems and helps to automate various business processes. Implementing their projects, they have received valuable experience in collaboration with health care providers, insurance companies, spa and fitness industry representatives.

Clusterpark Ltd. is a software technology company based in Riga, Latvia, specializing in machine-generated data analytics software for managing log, audit, and system events. Its flagship product, GOL, is an application that facilitates the acquisition, storage, indexing, analysis, and search of log data. GOL leverages the Clusterpoint NoSQL database and enterprise search technology to provide users with a robust platform for visualizing log data, enabling real-time discovery and analysis. The software allows enterprises to efficiently navigate and search time-critical log data, detect security breaches, identify application-related issues, and troubleshoot technical problems within network or server systems. GOL's user-friendly interface offers sub-second search and query latency, allowing organizations to store and access log data over extended periods.

Naco Technologies Ltd specializes in the development, manufacturing, and supply of advanced nano coating technologies to a global clientele. Founded in 2009 and based in Riga, Latvia, the company offers a variety of high-performance coatings, including oil-enhanced, wear-protective, thermal barrier, and liquid-repellent solutions tailored for industries such as tooling, automotive, aerospace, and micro-chip production. In recent years, Naco has focused on supporting the hydrogen sector by building a manufacturing facility that provides ready-to-use coated parts for hydrogen production systems. By developing multilayer and multicomponent coatings specifically for green hydrogen applications like electrolyzers and fuel cells, Naco aims to enhance the reliability of these systems while minimizing the need for costly and scarce materials. In 2015, Naco was acquired by the Schaeffler Group, a Germany-based company.

The company „Blue Bridge Technologies” was founded in 2007, in Latvia by the team of experienced Latvian experts especially to develop and implement new and effective IT solutions for business process modernization and service accessibility. Its specialization was defined through the years of development – process and document flow automation in healthcare, health insurance and wellness. In the basis of their products is their own developed software that can be easily integrated with other systems and helps to automate various business processes. Implementing their projects, they have received valuable experience in collaboration with health care providers, insurance companies, spa and fitness industry representatives.

Naco Technologies Ltd specializes in the development, manufacturing, and supply of advanced nano coating technologies to a global clientele. Founded in 2009 and based in Riga, Latvia, the company offers a variety of high-performance coatings, including oil-enhanced, wear-protective, thermal barrier, and liquid-repellent solutions tailored for industries such as tooling, automotive, aerospace, and micro-chip production. In recent years, Naco has focused on supporting the hydrogen sector by building a manufacturing facility that provides ready-to-use coated parts for hydrogen production systems. By developing multilayer and multicomponent coatings specifically for green hydrogen applications like electrolyzers and fuel cells, Naco aims to enhance the reliability of these systems while minimizing the need for costly and scarce materials. In 2015, Naco was acquired by the Schaeffler Group, a Germany-based company.

Boston Neurosciences, Inc. is a medical device company specializing in neurodiagnostics, founded in 2013 and headquartered in Waltham, Massachusetts, with additional offices in Boston and Kaunas, Lithuania. The company has developed a range of ultrasound-based devices that provide non-invasive measurement of intracranial pressure (ICP), cerebral blood flow autoregulation, and intracranial volumetric wave monitoring. Its flagship product, the BNS ICP 3, employs an image-guided, non-invasive approach to measure ICP in real time using ultrasound Doppler technology. These diagnostic methods have undergone clinical testing and validation in leading neuro centers across Europe and the United States. Boston Neurosciences aims to improve patient outcomes in conditions such as traumatic brain injury, concussion, hydrocephalus, stroke, and brain tumors by enabling clinicians to obtain safer, faster, and more accurate measurements of ICP.