Best Consumer Companies in Latvia
The 225 best Consumer companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Sonarworks.
$30 million in disclosed funding across 225 Consumer companies in Latvia — that's the actual number you're working with here, and it tells you something real about where this market sits. Sonarworks leads the directory at $14M raised, with Mapon and OX Drive each pulling $3M. No unicorns yet, but the spread of active backers, from Startup Wise Guys to 500 Global, signals that serious institutional money is watching the region. Consumer app installs across comparable markets are running at roughly +19% YoY growth, and what matters to today's consumer in 2025 points to shifting financial priorities and sustainability awareness as the demand drivers reshaping where that growth lands.
So what does $30M actually buy in a market this size? Concentrated bets, mostly. Sonarworks alone accounts for nearly half the total disclosed pool. The remaining funding thins out fast, with Swotzy at $645K and Flirtu at $217K rounding out the mid-tier. I'd note that hot coverage themes, including retail expenditure trends and customer journey analytics, are pulling analyst attention toward exactly the kind of consumer-facing tech these Latvian filers are building. The directory ranks companies by disclosed equity funding and recent funding momentum, so the names at the top have earned their position with actual filings, not press releases.
- 53% of consumers perceive ad targeting as intrusive: WARC
- Consumers fast becoming value seekers
Ranked: Best Consumer companies in Latvia
| # | Company | Revenue | Disclosed funding | Last round | Employees | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | AB MODEKS Provider of fashion brands and monobrand boutiques | $5M FY2023 | — | — | 46 | 2005 | — | — |
| 2 | Sonarworks Provider of decentralized software for headphones and speakers | $4M FY2024 | $14M | 59 mo ago | 68 | 2012 | Cart FunctionalitySentryZendesk+24 | 1 job opening |
| 3 | Flirtu Provider of Telegram-based matchmaking and dating services | $2M FY2024 | $218K | 30 mo ago | 1 | 2021 | PythonDjangoBootstrap+13 | — |
| 4 | HackMotion Wearable motion capture solutions for applications in sports | $1M FY2022 | — | 115 mo ago | 10 | 2016 | Apple iCloud MailGoogle WorkspaceNode.js+14 | — |
| 5 | Aizkraukles udens Provider of water and sanitation services, offering solutions for water consumption & billing | $900K FY2023 | — | — | 18 | 1985 | — | — |
| 6 | Mapon Provider of vehicle tracking & fleet management solutions | $336K FY2023 | $3M | 27 mo ago | 177 177 → 171 (-3%) | 2006 | PHPGoogle MapsYouTube+25 | 2 launchs · 1 partnership |
| 7 | AutoRecords Vehicle history check platform | $264K FY2023 | — | — | 2 | 2016 | PHPLaravelBootstrap+10 | — |
| 8 | Beates darbnīca Offers customized repair and alteration services for clothing, shoes, bags, and other textile items | $186K FY2023 | — | — | 8 | 1999 | — | — |
| 9 | Amado Translations Provider of language translation services | $183K FY2023 | — | — | 3 | 2017 | — | — |
| 10 | Zeew Provider of end-to-end logistics solutions for restaurant businesses | $175K FY2023 | $1M | 45 mo ago | 17 | 2017 | WordPressMySQLPHP+40 | 1 launch |
Top 12 Consumer companies in Latvia
#1
Series A · Riga, Riga · founded 2006 · 177 employees$3.3Mraised▾
Provider of vehicle tracking & fleet management solutions. The company offers tracking products like tracking software, hardware devices, mobile apps, and mobile trackers. Also, provides white label solutions. They provide features like online following, fuel consumption management, remote vehicle engine control, temperature monitoring, driver behavior analysis and reports for management.
#2
Seed · Riga, Riga · founded 2022$3Mraised▾
App-based car rental platform. Users can unlock the car through the app, ride, and park at a legal parking spot at the end of the ride. The app is available for both Android and iOS devices.
#3
Seed · Riga, Riga · founded 2022 · 7 employees$645.1Kraised▾
Platform offering last mile delivery management solutions. The platform enables users to compare delivery options, prices, and performance. The platform features include reducing shipping costs, managing last mile operations, optimizing delivery speeds based on requirements, and more. It helps business merchants optimize last mile operations and save operating costs.
- Aug 2023Seed$546.2K
- Apr 2023Seed$98.9K
#4
Seed · Riga, Riga · founded 2021 · 1 employees$217.6Kraised▾
Provider of Telegram-based matchmaking and dating services. Users can get match through the platform by providing location, user details, interests, and more.
#5
Series B · Riga, Riga · founded 2012 · 68 employees$14.5Mraised▾
Provider of decentralized software for headphones and speakers. It creates smart speakers by adding digital signal processing to the physical product. It provides various features including the same setting in the headphone and speakers devices that allows band members to listen to some feedback in sync.
#6
Seed · Riga, Riga · founded 2017 · 17 employees$1Mraised▾
Provider of end-to-end logistics solutions for restaurant businesses. It is a white-label SaaS provider for on-demand delivery apps to help deliver food, grocery, pharmacy, and more. Its web-based platform offers on-demand delivery via verified carriers and insured packages where business packages are insured by default against damage or loss. The users can track their shipments in real-time, and more. The company offers mobile applications for Android and iOS platforms.
- Aug 2022Seed$630K
- Jul 2021Seed$170K
- Jan 2021Seed—
- 2017Seed—
#7
Seed · Riga, Riga · founded 2016 · 13 employees$1.2Mraised▾
Provider of software for music education. It enables users to find and learn songs, teach instruments, and concepts of music theory. It works with various musical instruments which include guitar, piano, drums, bass guitars, and more. It works on a subscription-based revenue model.
- Dec 2021Seed$1.1M
- 2019Seed$50K
#8
Seed · Riga, Riga · founded 2018 · 15 employees$3.9Mraised▾
Anonymous social networking platform. The platform provides social networking platform that enables users to send anonymous messages and questions. Allows users to share links, follow connections, and let them send anonymous questions. Users can also follow others and get access to their posts. Operates through a mobile app which is available for both Android and iOS devices. Monetizes through advertisements.
#9
Seed · Riga, Riga · founded 2018 · 17 employees$20Kraised▾
Management solutions for vehicle rental platform. The platform offers solutions that includes vehicles sharing solutions, dashboard, payment solutions, marketing, app, and more.
- Dec 2022Seed$20K
#10
Deadpooled · Riga, Riga · founded 2013$1.8Mraised▾
Roaming and cheaper international calling app
#11
Acquired · Riga, Riga · founded 2011 · 6 employees$500Kraised▾
Unified address book
#12
Seed · Riga, Riga · founded 2018 · 5 employees$34.2Kraised▾
Developer of a community platform intended to connect individuals looking for quality services with trusted service providers. The company is a fully digital and safe mobile app that helps to solve a variety of household tasks, by connecting people to verified and background-checked service providers.
Funding & investor landscape
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