New Baltic venture capital company registered

Latvia's financial regulator, the Financial and Capital Market Commission (FKTK) has registered a new alternative investment fund manager named EMPO Ventures AIFP.

"The company has been established in order to provide Latvian and Baltic companies not only with financing but also with competencies and solutions that can be turned into sustainable business success stories," the company said in a press release.

"EMPO Ventures AIFP values the potential of the Baltic market and has identified the need to help companies find a new model for accessing investment in today’s changing era. The company will invest in two directions 1) new companies that already have developed a product or service and are looking for financing for further growth; 2) companies that need change and transformation for successful business development. EMPO Ventures AIFP will focus on sustainable companies and start-ups at a later stage of development. Especially concentrating on the healthcare and wellbeing area," the company said.

“Today we have to look for new and better solutions to attract investments, which would allow companies to operate at a new level. It is clear that Baltic companies can generate successful business ideas and projects despite the local market being relatively small and therefore limited. We will focus on the availability of expertise and financial resources for companies, offering a smart attraction of venture capital so that as many good local projects as possible become noticed and achieve their business goals,” said Lauris Macijevskis, the co-founder and board member.

The other founders and board members are Lauris Kristīne Sarkane and Dmitrijs Kalniņš-Bergs. 

A lst of all the alternative investment fund managers registered with the FKTK can be found here: https://www.fktk.lv/tirgus-dalibnieki/alternativo-ieguldijumu-fondu-parvaldnieki/registreti-parvaldnieki/

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor

Related articles
Business
Economy

Please be aware that the LSM portal uses cookies. By continuing to use this site, you agree that we may store and use cookies on your device. Find out more

Accept and continue