Primekss develops and licenses PrimeComposite, a patented system for producing ecologically friendly concrete elements used in applications such as concrete floors for civil engineering buildings, water and LNG tanks, and windmills. The company operates across Scandinavia and the Baltic states and licenses its technology via a network of specialist contractors in markets including the USA, Belgium, South Africa, Belarus, Russia, and Israel. Its client roster includes blue‑chip companies such as IKEA, ProLogis and Volvo. Primekss was founded in 1997 and is led by CEO Janis Oslejs. The company’s business model combines direct operations in its regional markets with technology licensing internationally. The article reports a recent €10M funding injection, indicating fresh capital for the business. Primekss, established in 1997 and based in Riga, Latvia, develops patented technology for casting slender, tough, jointless concrete floors for heavy use. Its systems are designed to improve operating efficiency in large automated warehouses and other commercial and industrial premises. The company says the technology can save up to 50% of CO2 emissions during construction. Its PrimeComposite technology has been widely adopted by leading customers across Scandinavia and the Baltics, including Skanska and The Postal Service of Norway. Primekss received a €1.4m investment from the BaltCap Latvia Venture Capital Fund, which took a significant minority stake. The BaltCap fund is part of the EU Structural Fund’s co-financed JEREMIE Holding Fund managed by the European Investment Fund in Latvia.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2014