10 Latvian startups to watch
This week, more than 200 investors are congregating at TechChill – one of the biggest Baltic startup conferences taking place in Riga, April 26-28. The region, which includes Estonia, Latvia, and Lithuania and is often referred to as a unicorn factory, has long been punching above its weight on the global stage and is home to such success stories as Wise, Vinted, Printful, and 10 other unicorns to date. As well as a sizable herd of centaurs, soonicorns, and other mythical beasts.
It comes as little surprise that the Baltics have fallen into the crosshairs of global players, including UK-based investors, who are keen to discover the next big thing, while it's still on the assembly line. We are, too – Startups Magazine is a TechChill media partner.
This year at TechChill, to get the ball rolling, the Investment and Development Agency of Latvia (LIAA) is organising a special event for meetings between foreign investors and ten of Latvia's most promising startups. The startups shortlisted by LIAA, together with representatives of the startup ecosystem, had to meet the following criteria:
- <€1M in funding
- <15 people on the team
- The company has revenue and is in the development stage
So who are these startups that the locals believe will continue the region's impressive track record? Here's the inside scoop.
1. Longenesis
Longenesis is a leading digital health startup in Baltics enabling Secondary Health Data Use and accelerating Healthcare Research without borders.
Print on Pack's mission is to create an easy to use, effective and transparent market platform both for clients and packaging manufacturers. To simplify the complex process of finding the most suitable packaging.
3. Jeff
Jeff is a financial superstore for Southeast Asia's underbanked that accurately measures creditworthiness using alternative data.
4. Supliful
Supliful lets you launch your own CPG (consumer packaged goods) brand with one click. Think supplement and vitamin dropshipping.
5. Solfeg.io
Solfeg.io is a B2B2C music education platform that simplifies music teaching in schools and inspires students to learn music also at home. They use top-hit songs to drive engagement, AI-tailored content to fill in the knowledge gaps, and research-based methodology to simplify the learning process.
6. Setupad
Setupad is a programmatic monetisation vendor that helps websites to maximize their ad revenues. It's a Prebid wrapper technology that runs header bidding and connects with publishers' direct demand partners.
Gamechanger Audio is an established brand in the Synth market. Their products have been used by a legion of iconic musicians from TOOL's Adam Jones and Jack White to Darryl Jones and Korn's Munky. They also recently released the world's first electro-mechanical desktop synthesizer.
8. Cellbox labs
Cellbox labs are developing organs on a chip that are miniature organ replicas outside the human body for more effective drug development.
9. BeTriton
BeTriton builds Amphibious Camper-Tricycles for the most sustainable and continuous mobility over land and water. BeTriton is a three-in-one 100% electric RV – a tiny camper, boat and tricycle shifting the way people travel and engage with nature.
10. Anatomy Next
Anatomy Next puts the needs of students and professors at the forefront. The educational tools they create are precise, reliable, and easy to use. Above all – these tools are designed to convey the rich complexity of gross anatomy in a simple, intuitive manner. Two key groups Anatomy Next works with are medical students and artists.
Next time – meet them in person
Though you probably won't make this year's TechChill Riga, as it's already underway, fret not – following the conference's regional success as an ecosystem developer, it has found demand in Italy, where it hosted the first TechChill Milano last September.
TechChill will be returning to Milan this year, where attendees will have the chance to meet the best and brightest startups and investors not only from Northern Europe, but Southern Europe, too.
So stay tuned!
