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Jan
12
2016

Dealflow from Latvia: these 30 startups are raising  over €11,5 million: 

30 early to seed stage projects from oil&gas to 3D printing, from digital marketing to biotechnology: 

1. 3DPrintMaterials.guru

About: 

3Dprintmaterials.guru is an Internet platform that provides a community-based approach to selling, buying and testing 3D printer materials.

- Crowd-sourced testing of 3D printing materials;

- Development of new 3D printing materials with a help of community (crowd-based R&D)

Profile and contacts:  http://www.labsoflatvia.com/startups/3dprintmaterials-guru 

Raising: €100-150k

 

2. Adaplab

About: 

Adaplab develops new generation software products for industrial controllers in oil, gas and wind farm industries. 

After successful yard tests in oil drilling process (the technology worked 3X faster and 2X more efficient than competing solution), Adaplab has already signed first partnership agreement with oil drilling company from the US to develop first software product for their equipment. There are talks with several other companies in Oil&Gas Industry.

Profile and contacts:  http://www.labsoflatvia.com/startups/adaplab 

Raising: €100k

3. ALINA

About: 

ALINA is a new type of environmentally-friendly antimicrobial supplement for building materials, to prevent micro-organisms effects, as a result protecting and prolonging durability and good-looking of materials for more than two decades. The product is non-toxic, non-allergic and carbon-low material. 

Profile and contacts:   http://www.labsoflatvia.com/startups/alina

Raising: €150-450k

4. BranchTrack

About: 

BranchTrack is a flight simulation for salespeople.  It improves online learning by adding realistic customer simulations into the mix. When learners face an actual customer and have to make actual decisions, they tend to care more, remember more and apply their knowledge in their jobs faster. When used in e.g. customer service training, better results directly translate into increased revenue and higher customer satisfaction.

Profile and contacts:   http://www.labsoflatvia.com/startups/branchtrack 

Raising: €350-500k

5. Conelum

About: 

Conelum is an internationally recognized team of microbiological scientists developing rapid microbiological diagnostic tests for food and drink industry companies.

Today, for compulsory microbiological safety tests - every food or beverage producer is still using traditional plating methods (Petri dishes), which takes from 24 hours to 5 days. Conelum diagnostic products, based on patent-protected innovative technology (EloKIT™ technology by Conelum) is proven to reduce this time to a total of 30 minutes without any compromise on the results in comparison to conventional methods.

Profile and contacts:   http://www.labsoflatvia.com/startups/conelum 

Raising: €500k

6. Cake HR

About: 

Cake HR is a simple leave management tool for small and medium businesses (SMBs). 

CakeHR is a simple leave management tool for SMB's

  • Staff can see their vacation summary and balance in real-time.
  • Synchronise with Google Calendar and Microsoft Outlook.
  • Track all the standard employee information, including addresses, phone numbers, emergency contacts and even notes.

Profile and contacts:   http://www.labsoflatvia.com/startups/cakehr 

Raising: €120-250k

7. ET Tech

About: 

 ET Tech develops a way to assess professional knowledge on movement of a person’s eye movements. The instrument can be applied when selecting and auditing personnel, assessing knowledge of languages, distant education, testing, lie detecting, game applications. The methodology is endorsed by psychophisiology academics from Russia.

Profile and contacts:   http://www.labsoflatvia.com/startups/et-tech-2 

Raising: €150k

8. Focusd

About: 

Electronic Shooter Training System and mobile Training Analysis App to help athletes take their performance to the highest level.

Profile and contacts:   http://www.labsoflatvia.com/startups/focusd 

Raising: €30-200k

9. GaGaBeer

About: 

GaGaBeer is a crowdsourced iPhone and Android app for location-based search of best prices on a particular beer. 

Profile and contacts:   http://www.labsoflatvia.com/startups/gagabeer-2 

Raising: €100k

10. Go VR!

About: 

Go VR! is developing pro applications of virtual reality for architecture and engineering to help make fast decisions, save costs and create spectacular experiences.

Profile and contacts:   http://www.labsoflatvia.com/startups/go-vr 

Raising: €70-150k

11. GRANDMA

About: 

Grandma is projects' finance data management software for small and medium size B2B companies with 20 to 50 employees. It's the only SaaS than can actually provide companies with clean (actual and well-structured) finance data about companies projects. 

Currently GRANDMA is used by 7 agencies from the biggest marketing cluster in Latvia. Their next step is to go global, to pack it as a product and sell it to more than 1 million SME's in EU alone.

Profile and contacts:   http://www.labsoflatvia.com/startups/grandma 

Raising: €70-150k

12. Happr

About: 

Location-based app to give and receive happiness — in real life!

Profile and contacts:   http://www.labsoflatvia.com/startups/happr 

Raising: €10-55k

13. inSelly

About: 

InSelly is a marketplace for Instagram. We change the way how people sell and buy things using Instagram application. inSelly is an e-commerce facilitator for sellers.

Profile and contacts:   http://www.labsoflatvia.com/startups/inselly 

Raising: €250k

14. Koatum

About: 

Koatum has created a fully functional multi-layered hybrid coating for implants that guarantees a complete isolation from patient’s body and a structure that is maximally similar to the human bone. This prevents rejection of implants that is common when one layer is scratched. No similar solutions are currently being offered by the industry.

Profile and contacts:   http://www.labsoflatvia.com/startups/koatum 

Raising: €600k

15. LED Chemicals

About: 

Traditional-type, but high-performance yellow, orange, green and red phosphors and unique remote phosphors, which make LEDs’ lifetime 4-5 times longer, decrease energy consumption by 50% and make the emitted light more comfortable for human eyes.

Profile and contacts:   http://www.labsoflatvia.com/startups/led-chemicals 

Raising: €60k

16. MAHYDY

About: 

“MAHYDY” provide cost effective, energy effective and environmental friendly technology for hot dip galvanizing (HDG). Benefots of MAHYDY technology:

  • Both zinc and aluminum can be used for coating
  • 6x lower costs
  • 3D rolling products can be coated with aluminum
  • Continuous process that does not limit the length of a product
  • Possibility to omit etching prior to coating

Profile and contacts:   http://www.labsoflatvia.com/startups/mahydy 

Raising: €500k

17. MaxTraffic

About: 

MaxTraffic is a tool that turns abandoning vistors into customers. With MaxTraffic platform website owners can create special offers and show them to their visitors at a specific time.

Profile and contacts:   http://www.labsoflatvia.com/startups/maxtraffic 

Raising: €500k

18. NanoOptoMetrics

About: 

NanoOptoMetrics offers a new generation of ultra-high performance metrology instruments for surface characterisation in high-tech manufacturing industries like HDD's, MEMS, semiconductors, automotive & aerospace, medical, biotech and others. 

Profile and contacts:   http://www.labsoflatvia.com/startups/nanooptometrics 

Raising: €500k-1.5mil

19. Payment.Ninja

About: 

Payment.Ninja is a payment system which helps merchants to sell more with big data and remarketing technology. Payment.Ninja processes payments, and utilizes multiple devices to secure those payments with a customizable cross-platform checkout, captures and stores client details them in client profiles. Payment.Ninja lets its businesses know the battlefield, and tailor their offers to any customer or situation using data already captured for them. 

Profile and contacts:   http://www.labsoflatvia.com/startups/payment-ninja 

Raising: €300k-1mil

20. PayTraq

About: 

PayTraq is a cloud-based business suite. All-in-one solution for online invoicing, billing, accounting & inventory management.

Profile and contacts:   http://www.labsoflatvia.com/startups/paytraq 

Raising: €200k

21. PlayGineering Systems

About: 

Video analytic and entertainment solutions for professional sports based on patented technology innovations and business model innovation, that create the new scalable market space with the teams, leagues and federations that never used such technologies due their high cost.

Profile and contacts:   http://www.labsoflatvia.com/startups/playgineering-systems 

Raising: €450k

22. PranaJet

About: 

A gadget for stress management. The high-tech and easy-to-use biofeedback device identifies an individual’s unique breathing code. Seemingly a simple headset, it monitors breathing in real-time and teaches an individual to manage stress by breathing properly.

Profile and contacts:   http://www.labsoflatvia.com/startups/pranajet 

Raising: €20-50k

23. Rention

About: 

An IT platform, which is the only place you need to manage while renting real estate. Goal: to become Starbucks in rent management business – one quality standard for all properties, same rules for everyone.

Profile and contacts:   http://www.labsoflatvia.com/startups/rention 

Raising: €150k-1mil

24. Snowision

About: 

Fully automatic, remotely operated small sized sensor for projecting 3D map of snow cover and its characteristics. Lets ski resorts save up to 50% of costs associated with producing artificial snow. 

Profile and contacts:   http://www.labsoflatvia.com/startups/snowision 

Raising: €200k

25. Spatial Initiatives

About: 

Spatial Initiatives develops the next generation precision rangefinders for 3D imaging and survey instruments using only recently available multi-pixel photon-counting detector technologies. Positive feedback has been received from recognized companies in 3D scanning GIS and survey instrument markets, an area shown to have a 14% CAGR over the past 10 years. A proof-of-concept bench system is planned for completion in Autumn 2015.

Profile and contacts:   http://www.labsoflatvia.com/startups/spatial-initiatives 

Raising: €500k

26. Suite Story

About: 

Changing the way discerning travelers search and discover luxury suites. Suite Story offers unprecedented and exclusive access to the best suites in the world. Powered by a machine learning algorithm, and high quality content, SuiteStory curates a bespoke booking experience for savvy travelers looking to book more than just a standard room.

New York just launched, 20 more cities planned in 2016. 

Profile and contacts:   http://www.labsoflatvia.com/startups/suitestory-inc 

Raising: €20-300k

27. Trip.Center

About: 

Flexible travel plan organizer and personal travel assistant. Trip.Center’s key competitive plain is to offer support for each user’s mental model, removing limitations on the planning process and enabling each individual to follow their own planning style, be it structured or unstructured.

Profile and contacts:   http://www.labsoflatvia.com/startups/trip-center 

Raising: €300k

28. TweetDeleter

About: 

Tweetdeleter is the easiest and most advanced tweet deleting tool. Tweetdeleter helps Twitter users to take care of their timeline in a fast and easy way that is almost impossible to do at Twitter itself. With 0$ marketing and sales

With 0$ marketing and sales budget, Tweetdeleter has reached 600,000 registered users and 308,000,000 (!) deleted tweets, which puts it in No.1 position between other Tweetdeleting services,including in USA and UK.

Profile and contacts:   http://www.labsoflatvia.com/startups/tweetdeleter 

Raising: €100k-1mil

29. Walmoo

About: 

100% self-service development platform for NFC/QR identification solutions. Walmoo - loyalty mPOS mobile app allows any Android device to become a loyalty system's terminal for a retail / service business such as restaurant, coffee shop, gym, spa, car repair and others.

Profile and contacts:   http://www.labsoflatvia.com/startups/walmoo 

Raising: €150k-250k

 30. Writer.is

About: 

Writer.is - a mobile blogging platform that makes everyone a writer or blogger. Writer.is makes mobile posts look like professional magazine articles. Content created in Writer.is is highly engaging as it is animating while user's friends read it.

Profile and contacts:   http://www.labsoflatvia.com/startups/writer-is 

Raising: €50k-100k