Best Sustainability Tech Companies in Latvia
The 39 best Sustainability Tech companies in Latvia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Mission Space.
- ResearchAndMarkets.com
- MarketsandMarkets
Our analysis of 293 Sustainability Tech companies
$38.4b in tracked funding; 83% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Sustainability Tech companies in Latvia
| # | Company | Disclosed funding | Revenue | Net margin | Employees | Founded | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Vides Tehnika Provider of heat supply and thermal insulation products | — | $10M FY2023 | +1% | 21 | 2008 | Didzis Eglitis Owner | — |
| 2 | GVF Production of biofuel from waste | — | $6M FY2022 | +25% | 15 | 2018 | — | — |
| 3 | SkyBill Provider of ERP platform with billing management capabilities for utility companies | — | $1M FY2024 | — | 7 | 2016 | Maris Drone CEO | — |
| 4 | Allatherm Provider of thermal science and heat transfer devices | — | $928K FY2023 | +13% | 15 15 → 8 (-47%) | 2016 | Donatas Mishkinis Founder | — |
| 5 | RK Birojs Provider of water meters | — | $657K FY2022 | +18% | 6 | — | — | — |
| 6 | AdvanGrid Provider of energy management solutions | — | $643K FY2023 | +9% | 8 | 2016 | Oskars Gutmanis CEO | — |
| 7 | Waterro Provider of water treatment systems | — | $378K FY2023 | — | 6 | — | Andrejs Popovs Owner | — |
| 8 | AgroMax Manufacturer and supplier of LED grow lights | — | $343K FY2022 | +51% | 2 | 2015 | — | — |
| 9 | Wasserkabel Provider of water capillary mats for heating and cooling solutions | — | $326K FY2019 | -45% | 16 | 2015 | — | — |
| 10 | AIPLights Provider of LED lighting solution | — | $322K FY2024 | — | 2 | 2016 | Imants Gromskis Owner | — |
| 11 | Mauglo Smart street light systems | — | $252K FY2022 | -21% | 10 | 2011 | Martins Buzerins CEO | — |
Top 4 Sustainability Tech companies in Latvia
#1
Funding Raised · Riga, Riga · founded 2020 · 5 employees$184Kraised▾
Online platform offering solutions for space weather prediction. It provides a real-time and data-driven predictive space weather system designed to be used as a decision support tool to detect and predict space weather events risks.
- 2021Grant (prize money)$184K
#2
Deadpooled · Riga, Riga · founded 2013 · 3 employees$66.5Kraised▾
Developer of light-emitting technology intended to reduce the cost of making organic light-emitting diodes. The company develops light-emitting diodes by replacing expensive materials iridium compounds with aromatic carboxylates which can be used as light sources, flexible information screens, and panels, providing customers with cost-effective, non-volatile, and insoluble luminescence technology.
#3
Funding Raised · Riga, Riga · founded 2016 · 15 employees—raised▾
Provider of thermal science and heat transfer devices
#4
Funding Raised · Riga, Riga · founded 1997 · 11 employees—raised▾
Provider of lighting as a service intended to address lighting technical needs in Europe. The company's lighting services provide lighting audit, installation, care, and support for the lighting system and online metering and reporting, enabling people to get guidance in choosing a lighting service that creates the most value.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Sustainability Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Climate Adaptation is moving in Latvia
A read on the academic research around Climate Adaptation — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 20 Latvia-affiliated papers.
- Institute of Economics5
- College of Business Administration4
- University of Latvia3
- Ministry of Agriculture2
- Riga Technical University2
- Stock (firearms)5
- Climate change4
- Corporate governance3
- Capital asset pricing model2
- Valuation (finance)2
- Climate change5
- Resilience (materials science)3
- Psychological resilience2
- Corporate governance2
- Flood myth2
Where climate adaptation 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.
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.