Riga-founded Trace.Space has secured $4 million in a seed funding round led by Cherry Ventures, with support from Change Ventures.

Riga-based nano-coating startup Naco Technologies has secured a €1.5 million expanded pre-Series A round co-led by Radix Ventures, Impact Ventures and Kendris Capital.

Riga-based VC Outlast Fund has launched a new fund to support startups across the Baltics and Nordics.

Latvian-founded fintech startup Finfra has raised $2.5 million in funding, led by Cento Ventures and supported by Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis, Hustle Fund, and FIRSTPICK.

Latvian biomedical startup PrintyMed has secured over €800,000 in grant funding to create a heart valve prosthesis and a membrane for cell binding, using artificial spider silk printing technology.

Riga-based defence tech startup Origin has secured €4 million in a pre-seed funding round to develop cost-effective, drone-launched precision-guided weapon systems.

Riga-based investment platform Mintos has raised €2 million in debt funding from FlyCap to support continued growth.

Latvian sustainable auto startup BeTRITON has raised €80,000 from 150 investors through an equity crowdfunding campaign on Crowdcube.