Radar · Chemicals and Materials in Latvia
Best Chemicals and Materials Companies in Latvia
The 63 best Chemicals and Materials companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals.
By Riya SenguptaFinancials
63companies tracked
$0disclosed funding
0unicorns
—have raised
FLIAR INTELLIGENCE · CHEMICALS AND MATERIALS × LATVIA
Our analysis of 234 Chemicals and Materials companies
$21.9b in tracked funding; 57% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
234companies analysed
57%cloud-native stacks
2025funding peak (by rounds)
1unicorns
2003median founding year
Ranked: Best Chemicals and Materials companies in Latvia
| # | Company | Disclosed funding | Revenue | Net margin | Employees | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | TENACHEM Leading manufacturer of construction chemistry, specializing in sealants for the glass industry | — | $17M FY2019 | -2% | 102 | 2007 | — | — |
| 2 | Ethyl chemicals Ethyl chemicals - ethyl alcohol | — | $17M FY2022 | +2% | 1 | — | — | — |
| 3 | Paulina Fons Manufacturer of chemical equipment products | — | $16M FY2022 | -0% | 4 | 2016 | — | — |
| 4 | DAW Provider of quality paints and coatings for various applications | — | $15M FY2022 | +3% | 56 | 1895 | — | — |
| 5 | MILLFER Provider of ferrous and non-ferrous metals | — | $13M FY2022 | — | 5 | 2016 | — | — |
| 6 | REF Minerals Provider of circular raw material recycling solutions for the glass, glass fiber, refractory, and ceramic… | — | $11M FY2022 | +15% | 25 | — | — | — |
| 7 | Baltink Production of consumables for the printing industry | — | $11M FY2022 | +7% | 13 | 2015 | — | — |
| 8 | LVAGRO Provider of mineral fertilizers for agricultural use | — | $10M FY2017 | -4% | 14 | 2002 | Wix eCommerceWixSentry+11 | — |
| 9 | Seldekspo Global non-ferrous metal scrap wholesale company specializing in buying and selling all types of scrap | — | $7M FY2024 | — | 5 | 2010 | — | — |
| 10 | ProfCentrs Retail and wholesale company specializing in the sale of construction and finishing materials, including… | — | $7M FY2023 | +4% | 26 | 2008 | WordPress Block EditorCart FunctionalityWooCommerce+25 | — |
| 11 | Froli Baltic Manufacturer of PUR products | — | $6M FY2023 | +11% | 54 | 2005 | — | — |
| 12 | Danimar Danimar Global — Raw Materials Trader | — | $4M FY2021 | +3% | 1 | — | — | — |
| 13 | Northern Synthesis Manufacturing company experiences in chemical synthesis, with a strong focus on quality and compliance with… | — | $2M FY2022 | +5% | 55 | 1950 | — | — |
| 14 | EKO ISO Producer of insulation materials, specifically focusing on ecological loose-fill thermal and sound cellulose… | — | $2M FY2022 | -1% | 11 | 2012 | — | — |
| 15 | Lakron Provider of corrosion-resistant coatings and surface finishing solutions for various industries | — | $1M FY2022 | +28% | 16 | 2004 | — | — |
| 16 | CrossChem Homepage - CrossChem | — | $1M FY2022 | +204% | 3 | — | WordPressMySQLPHP+20 | — |
| 17 | Pranit Exim Provider of stretched canvas and fabric rolls made with high-quality materials in various sizes | — | $1M FY2022 | +4% | 33 | 2003 | — | — |
| 18 | Bapeks Specialty chemical company that develops and synthesizes amino-acid derivatives, protected building blocks… | — | $1M FY2023 | +20% | 17 | 1989 | — | — |
| 19 | MEXXIN Provider of a wide range of lubricants, oils, and industrial products, including heavy duty gear oils and… | — | $1M FY2023 | +4% | 3 | 2010 | — | — |
| 20 | DETTAL Manufacturer of wide variety of plastic materials and ready-made parts | — | $1M FY2022 | +0% | 10 | 2008 | — | — |
| 21 | Arco Color Provider of powder coating services for various metal components | — | $991K FY2023 | -1% | 19 | 2014 | — | — |
| 22 | GI Terminal Provider of liquids, oil, and petroleum handling services, with a focus on safety and environmental… | — | $911K FY2023 | +130% | 26 | 2024 | — | — |
| 23 | Ritols Provider of seamless polymer coatings for industrial, public, and private flooring applications | — | $777K FY2022 | +0% | 20 | 1991 | — | — |
| 24 | RG Grupa Provider of high-quality automotive paint products | — | $658K FY2023 | -20% | 7 | 1994 | — | — |
| 25 | GIROLAT Trading company specializing in the physical trade of base oils, fertilizers, and other chemicals | — | $616K FY2023 | -9% | 2 | 2003 | — | — |
| 26 | Avbaltic Manufacturer & supplier of bituminous aerosol products, as well as providing solutions for audio and video… | — | $482K FY2022 | +2% | 4 | 2009 | Cart FunctionalityOpenCartMySQL+7 | — |
| 27 | RUTO METĀLS SIA Provider of various woodworking and furniture production services | — | $410K FY2022 | +13% | 5 | — | — | — |
| 28 | Lexatomic Company that manufactures and supplies a range of products, including cleaning solutions, adhesives, and… | — | $398K FY2023 | +5% | 3 | 2019 | — | — |
| 29 | Kraso Provider of construction and industrial paints and painting services | — | $382K FY2023 | -18% | — | 2000 | WordPressSentryApple iCloud Mail+43 | — |
| 30 | LAKURA Manufacturer of cleaning products | — | $296K FY2022 | +10% | 6 | 2006 | — | — |
| 31 | Latvijas jumti Manufacturer of diversified materials for construction industry | — | $296K FY2023 | -48% | 5 | — | — | — |
| 32 | Ibcbalticserviss | — | $253K FY2022 | -4% | 1 | — | LiteSpeedreCAPTCHAWebpack+2 | — |
Top 2 Chemicals and Materials companies in Latvia
#1
Funding Raised · Riga, Riga · 7 employees—raised▾
Funding Raised · Riga, Riga · 7 employees
Company that develops and researches silicon technologies
Founders & team
Investors
EIC Fund
#2
Funding Raised · Dobele, Dobele · founded 2007 · 102 employees—raised▾
Funding Raised · Dobele, Dobele · founded 2007 · 102 employees
Leading manufacturer of construction chemistry, specializing in sealants for the glass industry
Founders & team
Investors
European Union
Funding & investor landscape
$0total disclosed funding
0companies funded
0disclosed rounds
0rounds last 90 days
Most active investors
Prism market signals · Latvia · country-scoped Prism corpus, 458,788 docs
Market landscape — 10 sub-themes by coverage
Share of Chemicals and Materials coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · Latvia
How research on Advanced Materials is moving in Latvia
A read on the academic research around Advanced Materials — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 6 Latvia-affiliated papers.
top research entities
- Riga Technical University5
- Institute of Solid State Physics1
leading researchers
Dekhtyar, Yuri · Gorohovs, Marks · Lichtnecker, Raphael · Bruckhuber, Johanna · Sorokins, Hermanis · П В Писарев · А. Н. Аношкин · E. Barkanov
▲
Breakthroughs1 · 17%
0%→0% share
10 median citations100% since 2021mostly methods-led
Breakthroughs are cooling (0%→0% of field), led by Responsivity.
rising sub-themes (early→recent)
- Responsivity1
- Textile1
- Soldering1
- Optoelectronics1
- Smart material1
Landmark Ultrahigh Responsivity and Robust Semiconducting Fiber Enabled by Molecular Soldering‐Governed Defect Engineering for Sm · 10 cites
◆
Advancements1 · 17%
0%→0% share
0 median citations0% since 2021mostly methods-led
Advancements are cooling (0%→0% of field), led by Piezoelectricity.
rising sub-themes (early→recent)
- Piezoelectricity1
- Actuator1
- Polarization (electrochemistry)1
- Boundary value problem1
- Torsion (gastropod)1
RESEARCH HOTSPOTS · Latvia
Where advanced materials is researched across Latvia
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Riga6 · +0.20
Common questions
How many Chemicals and Materials companies are there in Latvia?
Radar tracks 63 indexable Chemicals and Materials companies headquartered in Latvia that meet our profile-completeness bar.
What is the total funding raised by Chemicals and Materials companies in Latvia?
The Chemicals and Materials companies in Latvia on this list have raised a combined $0 in disclosed equity funding across 0 funded companies.
Which is the highest-funded Chemicals and Materials company in Latvia?
Funding figures are not yet disclosed for Chemicals and Materials companies in Latvia.
How many Chemicals and Materials companies in Latvia are funded?
0 of the 63 Chemicals and Materials companies in Latvia on this list have disclosed at least one equity funding round.
How many Chemicals and Materials unicorns are there in Latvia?
None of the Chemicals and Materials companies in Latvia on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Latvia Chemicals and Materials companies?
The most active investors in Latvia Chemicals and Materials companies on this list include Buildit, EIC Fund, European Union.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.