Best Media & Entertainment Companies in Latvia
The 99 best Media & Entertainment companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Sonarworks.
Latvia's Media & Entertainment startup scene is smaller than you'd expect, but the funding picture tells you exactly where the conviction sits. This directory tracks 99 companies in Latvia, with $16M in total disclosed funding concentrated hard at the top: Sonarworks alone has pulled in $14M, leaving the rest of the field to split the remainder. Solfeg.io follows at $1M, then Fabula at $534,560. So the prize here isn't evenly distributed, and that gap between first and second is worth sitting with for a moment.
The global context makes that concentration feel even more deliberate. The Media & Entertainment market was valued at roughly $1,960B in 2021, tracking toward continued expansion with a 7.41% CAGR, driven by virtual reality, augmented reality, and smarter media strategy tools. Across 3,108 Play Store apps in media and social categories, median installs are up 12% year-on-year, which tells you appetite is bending upward fast. Hot coverage themes right now include audio editors, playback engines, and mindfulness, which maps pretty neatly onto what Sonarworks and Solfeg.io are each building toward. Investors like Almaz Capital, FlyCap, and Overkill Ventures are already in the room. If you're mapping where early-stage Media & Entertainment momentum in Latvia is actually concentrating, this list is your starting point.
- Statista
Ranked: Best Media & Entertainment companies in Latvia
| # | Company | Disclosed funding | Revenue | Net margin | Employees | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | IMK 365 Online platform providing multi-category gambling activities | — | $95M FY2023 | +1% | 17 | — | — | — |
| 2 | Joker.lv An online casino platform that provides a range of gaming options, including slots, jackpots, and table games | — | $32M FY2022 | +23% | 452 | — | — | — |
| 3 | FEDAK Provider of film production services | — | $10M FY2022 | +13% | 105 | WordPressMySQLPHP+13 | Top 50M | — |
| 4 | Sonarworks Provider of decentralized software for headphones and speakers | $14M | $4M FY2024 | — | 68 | Cart FunctionalitySentryZendesk+24 | Top 1M | 1 job opening |
| 5 | TV Net Digital news platform in Latvian | — | $4M FY2023 | -8% | 90 | SentryVarnishVue.js+29 | Top 10k | — |
| 6 | Baltent Online platform providing iGaming products and solutions | — | $3M FY2023 | +13% | — | — | — | — |
| 7 | Daile Theater Ticket booking platform for theater events | — | $3M FY2022 | +0% | 191 | WordPressMySQLPHP+11 | Top 500k | — |
| 8 | Digi Media Provider of TV and media production services | — | $3M FY2024 | — | 15 | WordPressMySQLPHP+20 | Top 10M | 2 internships |
| 9 | Draugiem Online social networking platform | — | $1M FY2023 | +17% | 19 | PHPLaravelBootstrap+7 | Top 50k | — |
| 10 | GammaStack Developer of iGaming software providing casino, sports betting, and lottery solutions | — | $562K FY2025 | — | 350 | WordPressMySQLPHP+39 | Top 5M | — |
| 11 | Rte Provider of national television and radio broadcasting services | — | $517K FY2016 | — | — | WordPressApple iCloud MailMySQL+32 | Top 5k | — |
| 12 | HomeTV IPTV and OTT enabler solutions | — | $448K FY2022 | -25% | 16 | WordPressMySQLPHP+14 | Top 50M | — |
| 13 | Jumava Online platform offering books | — | $380K FY2022 | +4% | 10 | WordPressMySQLPHP+15 | Top 5M | — |
| 14 | BauskasDzive Online news portal | — | $304K FY2023 | +0% | 11 | WordPressMySQLPHP+31 | Top 100k | — |
| 15 | Comics Shop LV Online retailer offering comic books | — | $284K FY2023 | +30% | 4 | Cart FunctionalityWooCommerceWordPress+17 | Top 5M | — |
Top 8 Media & Entertainment companies in Latvia
#1
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.
#2
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
#3
Deadpooled · Riga, Riga · founded 2012$534.6Kraised▾
Developer of an e-book subscription platform designed to offer access to the latest released e-books. The company's platform delivers the content, relevant to every reader along with a growing catalog of titles available for purchase, rent or subscription, enabling users to select the relevant titles and motivate themselves to read more.
#4
Seed · Riga, Riga · founded 2015 · 2 employees$22Kraised▾
Developer of automated photo and video capture systems intended to create engaging content for visitors in amusement parks. The company's systems facilitate capturing of photos and videos of high definition quality at roller coaster rides, waterslides, ziplines, and haunted houses at amusement parks, enabling amusement parks to facilitate visitors with content and videos about their tours and rides.
#5
Funding Raised · Latvia—raised▾
Provider of national television and radio broadcasting services. It offers a wide array of programming across multiple channels and radio stations, encompassing news, sports, entertainment, and cultural content. The organization also provides online streaming services and podcasts, making its content accessible through various platforms. It supports various initiatives, including arts funding and educational programs. The broadcaster operates under a public service mandate.
#6
Funding Raised · Riga, Riga · founded 1919 · 1001 employees—raised▾
Online platform providing news on railways
#7
Seed · Riga, Riga · founded 2015 · 16 employees—raised▾
Provider of information technology infrastructure services intended for content owners and broadcasters. The company specializes in integrating systems by allowing users to deliver over-the-top video content across multiple devices in a closed network with features like live TV recording, enabling clients to transform their IT infrastructure into an efficient tool for achieving desired growth.
#8
Acquired · Riga, Riga · founded 2000 · 90 employees—raised▾
Digital news platform in Latvian
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Media & Entertainment coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Sweetie watches where the money and the users are piling in. She covers sector wealth and momentum — the install curves and revenue pools that show which corners of the market are quietly on fire.