Latvijas Privātā un Riska kapitāla asociācija

News

20.05.2022 LVCA is looking for a part-time Assistant LVCA is looking for a part-time Assistant LVCA is looking for a part-time Assistant who will work together with the Executive Director and the Board of the Association. This is a unique position that would provide a possibility to learn about Venture Capital and Private Equity industry in Latvia and the wider region and to participate in the development of the industry’s ecosystem. 10.04.2022 BaltCap invests in a global leader in internet privacy and security solutions BaltCap invests in a global leader in internet privacy and security solutions BaltCap together with lead investor Novator Ventures, General Catalyst and Burda Principal Investments participated in the $100M financing round to Nord Security, a global leader in internet privacy and security solutions, to expand the company’s product suite and enterprise footprint and accelerate the growth of its consumer cybersecurity segment. 04.04.2022 Winners of the Investor of the Year 2021 awards Winners of the Investor of the Year 2021 awards The winners of the Investor of the Year'21 awards jointly organized by LVCA and LatBAN were announced on March 31. The main Investment of the Year award in the legal and institutional investor category was awarded to Bregal Sagemount for its investment in Printful, which enabled the company to reach a valuation of $1 billion and thus become the first unicorn in Latvia. Ģirts Līcis, Kārlis Cerbulis and Uldis Cērps won the Investment of the Year award in the business angel category for their joint investment in the new company WeedBot, which develops agricultural robots for the British market. The Growth Award went to Lokalise.

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
Harijs
Švarcs
LVCA Board Member and SG Capital partner
Rūdolfs
Krese
LVCA Board Member and ZGI Capital Investment director
Eva
Berlaus
LVCA Legal adviser and Sorainen partner
Guntars
Zīle
LVCA Legal adviser and COBALT Latvia Partner