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The Venture Codex

Latvian Business Angels network

53-1 Terbatas str., Riga, LV-1011, Latvia

Overview

The Latvian Business Angel Network (LatBAN) brings together highly experienced entrepreneurs - business angels.

Total investments
4
Lead investments
1
Investments · 12mo
1
Active investors
0

Sector focus

  • Business Development
  • Business Information Systems
  • Business Intelligence
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Investment portfolio

  • Granarium Technologies

    Participated · Seed · Jun 2026

    Granarium Technologies, originating from VTT in Espoo, develops first-of-its-kind supercapacitors built on a nanocellulose-based material platform that upcycles waste wood and agro residues into renewable energy storage devices. Its technology is patented and validated at TRL5, and VTT has transferred the underlying IP to the company. Granarium positions its devices as a fast-response layer that complements batteries for grid balancing, frequency response, peak-load management and industrial power quality. The company has secured pilot customers and value-chain partners and plans to launch pilots within six months of funding. Initial commercial production will begin at a small industrial scale with capacity to deliver up to 50 units per year, supporting planned scale-up through industrial partnerships and international market expansion. Granarium aims to enable local, low-emission production using forest-industry side streams and high-consistency nanocellulose.

  • InGain

    Participated · Equity · Apr 2024

    inGain is a Riga, Latvia-based B2B fintech that provides a lending solution for traditional and fintech lenders, SME lenders, crowdfunding platforms, and non-finance businesses. Its core product is a no-code SaaS loan management system that serves secured and unsecured instalment and credit line loans, as well as subscription, rent-to-own, and other fintech products. The platform supports consumers and businesses across industries, usable online or offline, with payments handled in cash or via transfer. Led by CEO Armands Liseks, inGain positions its product to let customers focus on core operations without the hassle of IT management. The company intends to use the recent funds to finish work on a no-code self-service platform that allows companies to create tools tailored to their products and needs. The article does not disclose operating metrics such as revenue or user counts.

  • LANDE

    Led · Seed · Sep 2022

    LANDE operates an investment crowdfunding platform that finances small and medium-sized farms by accepting machinery, land, or future harvests as collateral. The platform offers loans with terms up to 24 months, an average LTV around 42.2%, and potential investor returns of up to 14%. LANDE has registered more than 1,700 investors and reports having issued over €4.5 million in loans to date, including €3 million in 2022, and has financed over 300 farmers. The company merged with agricultural crowdfunding platform LendSecured in 2021 to become a full-service agricultural financing and crowdfunding platform. LANDE partners with LemonWay to handle payments and KYC/AML requirements and requires investors to have a SEPA bank account. Management says demand for agricultural financing is high across Europe and plans include expansion into Romania and entry into other European markets.

  • NO-CV

    Participated · Equity · Dec 2021

    NO-CV offers a recruitment app that removes conventional CVs from the hiring process and instead matches candidates with employers. Within a year the startup grew to a 15-person team and the app has about 50,000 users and roughly 800 companies from Lithuania, Latvia and Denmark using the platform. The company has shifted pricing from a fixed fee per ad to a subscription model allowing unlimited ads for a flat fee. NO-CV reports growing numbers of foreign customers (including Denmark’s Dao, which hired drivers via the platform) and aims to expand its international footprint. The startup is participating in two accelerator programs—70V’s revenue accelerator and Newchip—to sharpen sales tactics and prepare for US investors. During its first year it attracted multiple investments to support product development and expansion.

Team

No current team members are available.