Best Retail Companies in Latvia
The 305 best Retail companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Sell.xyz.
Latvia's Retail startup scene is smaller than the funding headlines suggest, but it's real: 305 companies tracked, $5M in total disclosed funding, zero unicorns, and a tight cluster of early-stage bets shaping what comes next. Sell.xyz leads the directory at $2M raised, with Zeew close behind at $1M and DesignScan pulling in $977,121. So the question worth asking is whether Latvia's retail builders can scale into a global market that's forecast to grow from $795.6B to $1,283.6B by 2034 at a 4.0% CAGR, driven by GenAI adoption and shifting consumer demand.
The momentum signal I find genuinely telling is app installs: median growth across 806 retail and internet retail apps is running at roughly +20% YoY, which suggests consumer appetite is ahead of where the funding rounds imply. Investors like BaltCap, 500 Global and Baltic Tech Ventures are circling, but coverage remains flat and the hot analytical themes right now are retail expenditure trends, CPI movements and inflation breakdowns, not splashy Series B announcements. Globally, experiential retail is gaining traction as a volume driver, and you can see that pressure filtering into how even early-stage Latvian players think about product. The funding is modest. The direction is clear.
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Ranked: Best Retail companies in Latvia
| # | Company | Disclosed funding | Revenue | Employees | Founded | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | KOOL Latvija Owns and operates gas station with a convenient fast shopping place | — | $89M FY2024 | 111 | 2016 | ReadymagBackbone.jsReact+15 | Top 5M | 2 job openings |
| 2 | Apranga Group Retail chain offering a variety of clothing options | — | $22M FY2022 | 149 | 1993 | Apple iCloud MailNode.jsVue.js+9 | Top 50M | — |
| 3 | AppXite Platform offering digital commerce solution for online sellers | — | $15M FY2024 | 59 | 2014 | HubSpot CMS HubEnvoycore-js+22 | Top 5M | 1 partnership |
| 4 | Vendon Vending management telemetry solutions provider | $630K | $9M FY2024 | 37 37 → 39 (+5%) | 2008 | WordPressMySQLPHP+27 | Top 1M | — |
| 5 | Catchbox Throwable wireless microphone for events | — | $6M FY2024 | 18 18 → 24 (+33%) | 2012 | Cart FunctionalitySentryAmazon Web Services+23 | Top 5M | — |
| 6 | Baltic Audio Distribution Provider of sample packs, sounds, and presets for professional producers in the pop, EDM, house, and hip-hop… | — | $3M FY2022 | 6 | — | — | — | — |
| 7 | Audio AE Wholesale of professional audio equipment | — | $2M FY2022 | 8 | 1990 | — | — | — |
| 8 | Aquila Harbor Cranes Provider of maritime cranes and port equipment marketplace | — | $2M FY2024 | 4 | 2012 | — | — | — |
| 9 | Aioo Retail chain of mobile devices and their accessories, offering a range of products to protect and personalize… | — | $958K FY2022 | 29 | 2021 | Cart FunctionalityShopifyGoogle Maps+24 | Top 5M | — |
| 10 | Accanto Online retailer offering multi-category furniture and home decor products | — | $860K FY2022 | 4 | 2020 | Cart FunctionalityPrestaShopSentry+23 | Top 5M | — |
| 11 | AU Sistemas Wholesale of construction materials and sanitary equipment | — | $627K FY2023 | 4 | 2016 | Master SliderCart FunctionalityOpenCart+12 | Top 10M | — |
| 12 | Akvatons Online platform offering aquatic products and supplies for aquarium enthusiasts and hobbyists | — | $220K FY2023 | 3 | — | Cart FunctionalityPHPBootstrap+7 | Top 5M | — |
| 13 | Aldators Retail company that operates a brick-and-mortar store and an e-commerce platform, selling a variety of… | — | $200K FY2023 | 6 | 1992 | — | — | — |
| 14 | Zeew Provider of end-to-end logistics solutions for restaurant businesses | $1M | $175K FY2023 | 17 | 2017 | WordPressMySQLPHP+40 | Top 50M | 1 launch |
Top 12 Retail companies in Latvia
#1
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—
#2
Seed · Riga, Riga · founded 2021 · 19 employees$2.1Mraised▾
Provider of dropshipping tools and services to sell beauty products. It enables users to create and sell their own branded cosmetics products on-demand, customize & showcase private label cosmetics products on their online store, generate 3D previews, upload images & texts, etc. The company provides dropshipping service with features like on-demand product fulfillment & shipping.
- Apr 2022Seed$2.1M
#3
Seed · Riga, Riga · founded 2005 · 13 employees$977.1Kraised▾
Operator of an eCommerce platform intended to collect and digitize stock and product information. The company's platform offer automation of commodity accounting and communication with customers for owners and managers of furniture and interior stores, enabling users to buy furniture online more accessible and conveniently.
#4
Seed · Riga, Riga · founded 2018 · 3 employees$56.6Kraised▾
Developer of a labeling authenticity verification system created to fight brand counterfeiting and have full control over product movement within the supply chain. The company's system is based on white light optical interferometry and blockchain, exploiting surface characteristics to ensure the authenticity of objects, and the labels have random surface uniqueness on the nm scale, enabling manufacturers to get a label that cannot be reproduced or compromised both physically and digitally.
#5
Acquired · Marupe, Marupe Municipality · founded 2008 · 37 employees$630Kraised▾
Vendon is a vending management software company. It started with finding a smarter way to manage vending machine refills. Now it provides an end-to-end solution to manage the vending process. Vendors can see real time updates pertaining to their vending machines. They can automatically generate routes and provide alerts whenever stock needs to be re-filled eliminating unnecessary trips to vending machines. Some of their clients include Pelican Rouge, TopSec, King Coffee Service, ATS, Vending Land, etc.
#6
Funding Raised · Latvia · 501 employees—raised▾
#7
Funding Raised · Cesis, Cesis Municipality · founded 2018—raised▾
Designer and manufacturer of outdoor furniture in Amatas Novads. The company offers chairs, tables, side tables, benches and lounge chairs made with Latvian craftsmanship and Scandinavian design, thereby providing customers with simple, modern and durable garden furniture.
#8
Acquired · Riga, Riga · founded 2016 · 111 employees—raised▾
Owns and operates gas station with a convenient fast shopping place
- Nov 2018Seed—
- Oct 2016Seed—
#9
Seed · Pure, Tukums Municipality · founded 2011 · 3 employees—raised▾
Manufacturer and distributor of chocolate truffles intended for consumers in Pure, Latvia. The company's products are prepared using genuine Belgian chocolate combined with fillings and naturally sourced ingredients, enabling customers to buy pure chocolate products made up of natural fillings.
#10
Funding Raised · Riga, Riga · founded 2012 · 18 employees—raised▾
Throwable wireless microphone for events. It provides a soft wireless microphone that speakers can throw into audiences at events, meetings, and lectures. It allows users to interact during the event and caters to the educational, conference, and corporate meetings. Customers include Facebook, UCLA, WWF, Uber, Emirates, Marketo, HBO, Linkedin, Google, Netflix, McDonald's, UBS, Twitter, FedEx, BCG among others.
#11
Late Stage · Riga, Riga · founded 2005 · 73 employees—raised▾
Operator of a chain of retail stores in Latvia. The company provides building materials and home and garden goods to the retail and wholesale markets. It operates retail stores in Riga, Liepaja, Jekabpils, Daugavpils, Rezekne and Valmiera.
#12
Deadpooled · Riga, Riga · founded 2011 · 5 employees—raised▾
Reach.ly is a next-generation analytics tool for e-commerce sites. By deploying machine learning and pattern recognition algorithms tool, they uncover actionable customer behavior patterns. Their real-time analytics infrastructure lets e-commerce sites engage with these customers using customized messages or tailored web content. The website now redirects to dripit.io.
- Aug 2011Angel—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Retail coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
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.