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Latvia may share history, geography and even talent pools with Estonia and Lithuania, yet when it comes to generating startups it continues to lag behind. That gap isn’t just about numbers, it reflects structural and ecosystem‑level factors that shape how and how many ventures emerge. One major difference lies in funding flows. While Estonia and Lithuania have attracted larger early‑stage rounds and growing investor attention, Latvia’s venture capital ecosystem remains smalle

The Lithuanian cybersecurity champion, Nord Security, has charted a remarkable path from decade‑long bootstrapping to unicorn status, now actively preparing for potential public markets. With a current valuation reportedly around USD 3 billion, the company boasts a workforce of nearly 1,700 across Europe, and serves millions of users globally. Unexpectedly, Nord Security only recently raised external capital: the first major outside funding arrived in 2022, followed by anothe

Latvia’s startup ecosystem is entering an exciting phase of emergence and acceleration. A recent roundup identifies ten standout Latvian startups, from AI‑powered marketing platforms to defence‑tech innovators that are capturing attention both locally and in Europe. These companies represent a shift in the Latvian tech scene, demonstrating ambition, specialization and readiness to scale. Notably, the broader funding landscape reveals strong momentum. Early‑stage capital raise