KNOQ: a forefront innovator in digital content delivery
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      Beacon technologies were on the peak of popularity last year and found a great variety of application uses, all based on location identification. Content delivery is one of the top business applications, associated with beacon technology. In 2014, a Latvian company launched a free smartphone application known as KNOQ, which by now has become famous for its innovative approach in targeted content delivery. The company founder and CEO, Denis Nasarov, is proud to admit that KNOQ team is working hard on changing our perception of reality through creating a certain interactive space around objects, which is supposed…

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5 outstanding fintech startups from Latvia
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1. Monea      This startup presents an application that lets you make fast money exchange transactions via the mobile phone: in case you need to transfer a certain sum of money to your friends, you can just tap their names in the phonebook. This already fully operational app is integrated with four banks in Latvia (Swedbank, SEB, Citadele and Nordea) and charges relatively low commission fees. Operativeness and security are guaranteed. Impressive fact: 76 is the age of the oldest registered user.      Founded in 2015 and currently headquartered in Riga, Monea managed to raise considerable funds yet…

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Rubylight – new-concept Latvian investment company
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     Today many startup companies, positioned as B2C businesses, experience difficulty finding the right investors: even judging by the Slush and SV2B attendees, most of the investment companies target B2B sector. Rubylight is one of the few investment companies working with B2C projects. The company was founded by former tech entrepreneurs in Riga, Latvia, and until now it has a remarkable portfolio of successful projects.       Rubylight was started by a group of experienced entrepreneurs with impressive tech and business backgrounds. The founders also participated in building scalable B2C projects before, most of them worked as partners…

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NPK Expert
Startup NPK Expert

NPK Expert is a well-known Latvian manufacturer of fertilizer blends. Coffee or tobacco, the blends are suitable for cultures of all climates. In the product list, there are blends of any complication. NPK Expert has developed about 150 fertilizer formulas. The blending equipment allows producing 80 tons of fertilizer per hour. NPK Expert ships its products to South America and Africa.

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Furnny
Startup Furnny

Furnishing requires a lot of imagination. Virtual modeling can make this process much easier. Furnny is an app for home and other spaces furnishing. You can browse for products in Furnny’s 3D catalogue, download them and use in a 3D program for your virtual space. The site has a blog about trends and tendencies in interiors. For manufacturers, Furnny is an opportunity for advertising. The project is international.

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Fabula
Startup Fabula

Fabula is a mobile app that provides e-book service. The main aim is to motivate users to read more. Books are still one of the greatest innovations, but in the digital age reading is losing popularity. The app was created to spread user’s interest for books; it recommends the relevant and trending titles according to his library. In a broad Fabula’s catalogue, everyone can find an inspirational book.

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Conelum
Startup Conelum

Conelum was created to develop rapid microbiological diagnostic tests for food and drink industry companies. Traditional methods take 1-5 days, Conelum’s technology allows to reduce the time to 30 minutes. The technology names EloKIT, it is based on molecular methods and can be used without any special lab equipment. The companies get an opportunity to save their products and to react on time.

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DeskTime
Startup Desktime

DeskTime is a service for analyzing productivity in real-time. Tracking is automatic, without any data entry. User downloads a desktop client which tracks the active windows and logs. Then it makes a report on how the user is spending his work time. DeskTime is suitable both for freelancers and businessmen. Companies can control the productivity of employees and compare them to each other. DeskTime can boost and motivate!

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Tracday
Tracday

Tracday is a company which develops fitness mobile apps. The main product is Trackday. Trackday helps to track and record GPS routes of the workout. There are many types of physical activity: walking, football, running, tennis and many others. All the app data is synced with its website, where users can explore it. There are speed, calories, grade and so on. The user can see his statistics and share it with friends.

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FlyCap and Hanzas Elektronika: new investment deal shaking Latvian ecosytem
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      FlyCap is a large venture fund in Latvia, supporting local small and medium enterprises with already established business models and also eager to back startups possessing a ready viable product. The fund provides various forms of investments in equity and capital. Recently FlyCap has invested in Hanzas Elektronika and thus brought 600 000 euros to the grand manufacturer of smart drones AirDog.      Hanzas Elektronika is one of four legal equities belonging to HansaMatrix Company, the leading electronics producer in the Baltic States. In 5 years, Hanzas Elektronika has demonstrated an impressive growth rate and managed to…

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