Latvia
Europe · Pop. 1.9M · WithinWorldEMEAEurope incl IsraelG20High Income Countries (UN definition)Horizon Europe countriesNATO member countriesNIF countriesOECD (Organisation for Economic Cooperation and Development)EuropeBaltic Sea RegionBalticsCentral Eastern EuropeCentral Eastern Europe (incl. Austria)EU27European UnionEuropean Union + UKLatvia
1 Startup funnel
Latvia's startup funnel
Companies headquartered in Latvia at each stage today, by total VC raised. Hover or tap a bar for the split.
Source: Dealroom.co
2 Latest quarter
Latvia's latest quarter in venture capital
Venture capital raised by Latvia-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.
Latest complete quarter
Loading VC raised by Latvia-headquartered companies…
3 Enterprise value
How much Latvia’s VC-backed companies are worth
Combined enterprise value of VC-backed companies headquartered in Latvia, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.
4 VC investment
How much venture capital flows into Latvia
VC investment into Latvia-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Largest rounds
Largest funding rounds in Latvia
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Latvia, grouped by Dealroom sector.
Largest rounds in Latvia - 2024–2026
6 Startup hubs
Inside Latvia: 1 startup hub, 30 universities
Hubs are sized by combined enterprise value; universities by the startup founders they produced. Hover any point for its numbers; the lists rank hubs by EV and universities by founders.
7 Founder origins
Where Latvia's unicorn founders build
5 founders born in Latvia are behind 4 unicorns; 75% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Europe, ranked by founders or per 1M inhabitants.
8 Location comparison
How Latvia stacks up
Compare Latvia with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. Latvia's row is highlighted (#12).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.7× | 230 | $27.3B | 21K |
| 2 | Germany | $409B | 4.2× | 99 | $8.3B | 9,034 |
| 3 | France | $404B | 5.4× | 69 | $8.3B | 9,103 |
| 4 | Netherlands | $376B | 3.3× | 48 | $3.4B | 3,957 |
| 5 | Sweden | $264B | 5.4× | 56 | $3.5B | 3,393 |
| 6 | Switzerland | $220B | 3.7× | 50 | $4.2B | 3,135 |
| 7 | Denmark | $141B | 4.3× | 24 | $1.9B | 1,749 |
| 8 | Belgium | $113B | 7.5× | 13 | $1.1B | 1,990 |
| 9 | Ireland | $107B | 4.7× | 26 | $1.2B | 1,975 |
| 10 | Spain | $105B | 4.7× | 18 | $3.3B | 4,636 |
| 11 | Finland | $80.6B | 4.0× | 14 | $2.2B | 1,810 |
| 32 | Latvia | $4.3B | 7.3× | 1 | $91.2M | 304 |
9 Patent intelligence
Latvia startup IP portfolio: 666 patent families
Granted patent families assigned to startups headquartered in Latvia. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
More data
Explore Dealroom data →Get the full Latvia ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.