The most successful Latvian investors of 2016 awarded

January 26, 2017 at 7:11 pm

Today, 26 January, the most successful Latvian investors of 2016 were awarded for contribution in the promotion of their industries in Latvia during the ceremony “Investor of the Year ‘16”. The “Investment of the Year” award in the sector of legal entities was presented to the fund management company “ZGI Capital” for investment in the mobile payment services company “Mobilly”. The “Investor of the Year” award was organised for the second year by the Latvian Private Equity and Venture Capital Association (LVCA) and the Latvian Business Angel Network (LatBAN).

The Minister for Economics Arvils Ašeradens addressed the winners of “Investor of the Year ‘16” and investment professionals and emphasised: “Today we are honouring projects with the highest possible added value. Modern and innovative economics cannot exist without the smart or venture capital. Healthy development of the eco-system of innovations, in turn, cannot exist without investments of business angels. Funding of venture capital or smart investments provides the entrepreneurs an opportunity to receive not only additional investments, but also support from experienced experts for the implementation of their ideas. Meanwhile, business angels are like messengers of approaching spring. Intuition, knowledge and courage of business angels raise the potential of the national exports, which is the safest development for the national economy.”

“The year 2016 was a productive year in the sector of private and risk capital. The members of the LVCA have made over 50 investments, providing financial support in the amount of more than 15 million euros to companies operating in different industries. I would like to stress that the contribution of other professional participants of the market, lawyers and financial specialists, is also of importance. This is a joint action resulting in the growth and development of the Latvian investment environment. All the winners of the “Investor of the Year ‘16” award in the sector of legal entities are visionaries of our industry whose working results and contribution we can assess with the mark of the top quality,” said Edgars Pīgoznis, Chairman of the Board of the LVCA.