Countries. Latvia

Latvian fleet management provider Mapon buys Trackon, its competitor in Lithuania

Mapon, a Latvia-based fleet management solution provider, has announced AIN about the acquisition of 100% shares of Trackon Fleet Management, a fleet management company in Lithuania. The deal value was not disclosed. About Mapon Acquisiton details We have known Trackon

Latvian Digital Mind acquires 100% stake in Polish EIP Dynamics

Digital Mind AS, a business process digitalisation specialist, has announced the acquisition of a 100% stake in Warsaw-based EIP Dynamics. The acquisition will be financed by Czech Livonia Partners.  About the deal The acquisition will be financed with equity investment provided by Livonia

“This whole conference debacle is so disappointing.” DevTernity AI-faked female speakers to bolster the gender diversity

The founder of a software developer conference DevTernity has been caught creating AI-generated fake female speakers using to bolster diversity numbers, 404 Media reports. After the word about fake speakers got out, many speakers started dropping out of the conference. What

Latvian startup and VC Ecosystem overview — Vestbee report

There are more than 500 startups headquartered in Latvia. However, only 360+ of them are registered in the official database of the Latvian Startup Association. And the amount of VC funding provided to these companies is pretty low in comparison

Latvian company Roibox is acquired by Jakala

Riga-based geospatial analytics company Roibox has successfully been acquired by Jakala, a specialists in marketing technology solutions and a company under Ardian Buyout, Labs of Latvia informs. “At Roibox, our mission is to help businesses around the world adopt and

Latvian Merito launches a €30M real estate Merito Self Storage Fund

Riga-based investment company Merito Partners has announced the launching of a new €30 million real estate Merito Self Storage Fund to develop pan-Baltic network of self storage facilities. The company also aims to secure around €50 million in bank co-financing.

Startup of the Day: Latvian adtech Monetizr

Founded in 2016 by Andris Merkulovs (CEO) and Martins Bratuskinsin (COO) in Riga, Monetizr provides advertising experience platform for the video game industry.

Latvia launches Future Hub Climate, a new pre-accelerator program

Latvian climatetech pre-accelerator program Future Hub Climate has been launched by the innovation management company Helve with support from the government. The program will focus on idea-stage startups and will place from October to December, Labs of Latvia reports. The application

Latvian car subscription platform Renti Plus is acquired by Sixt

The international mobility service provider Sixt has acquired Renti Plus, a Latvia-based car subscription platform. As part of the undisclosed deal, Sixt takes over a fleet of over 100 cars, Labs of Latvia informs. “We are always looking at new