Latvijas Riska kapitāla asociācija

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10.02.2020 Currently competition for quality projects in Latvian investment market is very high Currently competition for quality projects in Latvian investment market is very high Looking at the overall assessment of the Latvian investment market, local venture capital investors appreciate the Latvian business culture, monetary policy and attitude towards investors – these aspects were ranked with the highest ratings. The lowest ratings were assigned to the demographic situation, health system and physical infrastructure in the country. Whereas Latvian tax system, defence policy, education and science policy and the still relatively low production costs have received a moderate assessment. 24.01.2020 Investor of the Year '19 award ceremony Investor of the Year '19 award ceremony On 23 January, most successful investments were honoured in the award ceremony "Investor of the Year '19". "Investment of the Year" award was received by a group of investors "Karma Ventures", "Practica Capital", "SuperAngel", "Imprimatur Capital" and "Revo Capital" for the investment in "Sonarworks". "Callidus Capital" won the award "Financial Adviser of the Year" 2019 and "Legal Adviser of the Year" 2019 award was presented to "COBALT". 17.11.2019 Main notes & quotes from the Baltic M&A and Private Equity Forum 2019 Main notes & quotes from the Baltic M&A and Private Equity Forum 2019 A record number – 279 – of leading representatives from private equity and venture capital funds, investment banking, consultants, lawyers, business executives and owners from the Baltic region gathered in Riga for the 10th Baltic-scope forum. The Forum programme offered a variety of insights from industry experts, discussion rounds, battlefield experiences, as well as a broader perspective on the impact of tech developments and emotional leadership on the transaction environment. Check out the Forum highlights!

To facilitate the development of the Venture Capital industry in Latvia, the six largest companies operating in the Venture Capital industry in Latvia in 2003 -"BaltCap Management Latvia", "EKO Investors", "Hanseatic Capital Latvia", "NCH Advisors INC.", "Norwegian-Latvian Entrepreneurship Development Fund" and "Small Enterprise Assistance Funds" as well as "Investment and Development Agency of Latvia” established a non-profit organization "Latvian Private Equity and Venture Capital Association" (LVCA).

By investing money in a company, the venture capital fund becomes its co-owner, thus taking a share of the business risk, but also expecting a return appropriate to the high risk undertaken. The fund, like the other co-owners, is directly interested in increasing the value of the company. Business owners and managers who choose this type of funding, in addition to financial investment, also benefit from the venture capital fund's experience, knowledge and contacts, thus contributing to the company's success.

LVCA has the following tasks:

  • Inform entrepreneurs and the public about the possibilities of receiving venture capital financing; 

  • Promote the exchange of knowledge and experience of the members of the association; 

  • Represent the interests of the industry to state institutions and legislators; 

  • Organize and ensure cooperation with international and foreign Venture Capital associations. 

The members of the association are fund management companies that manage investment funds of different size and profile and legal and financial consultants working for the industry. Currently, the association unites 40 organizations - the majority of participants in the venture capital industry in Latvia.

Starting from 2003, the Latvian Private Equity and Venture Capital Association is an associate member of the European Private Equity & Venture Capital Association (now Invest Europe).

Kristīne
Bērziņa
LVCA Chairwoman of the Board and "Livonia Partners” Founding Partner
Anita
Matisone
LVCA Executive director
Jānis
Skutelis
LVCA Board member, FlyCap Partner
Sandijs
Āboliņš Ābols
LVCA Board member, BaltCap Partner
Edgars
Pīgoznis
LVCA Board member and Glücksburg Investment Partner
Mārtiņš
Bičevskis
LVCA Board Member and "Commercialisation Reactor Fund" Limited Partner
Guntars
Zīle
LVCA Board Member and "COBALT Latvia" Partner
Rūdolfs
Krese
LVCA Board Member and ZGI Capital Investment director