Funding for Your Business Growth

We specialize in offering financing to companies that have already made their mark in the domestic markets and are now venturing into new export markets. Whether it's scaling up production capacity, exploring new business models, enhancing profitability, or streamlining operations through automation, we are here to support and propel your business towards next phase of growth.

​Get funding​ ​Active Portfolio​

€0.5 - 5 million

Investment per company

ZGI Capital has invested in metalworking, food industry, woodworking, logistics, IT, engineering, retail, service exports, and more. In order to make an investment decision, it is important for us to understand the company’s past performance, capital expenditure plans and further growth strategy.

​Our experience​ ​Contact us

One of the most experienced venture capital firms in the Baltics

With our financing, we have supported the development of companies in various industries for twenty years. 

The investment period has been concluded for three generations of funds: ZGI-1, ZGI-2, ZGI-3.  We have entered the portfolio management phase of fund ZGI-4. ZGI Capital has won VC & PE sector awards for five years: in 2014., 2015., 2016, 2017 and 2024.

ZGI Capital is registered in the Bank of Latvia as an alternative investment fund manager.

​Investments​ ​Our Team​

ZGI Capital team

ZGI Capital consists of industry professionals with successful experience in venture capital, business development and sales. As long-term investors, we work closely with entrepreneurs and use our knowledge and contacts to boost enterprise growth and value growth. We are experienced in acquiring export markets, improving business models, and in negotiations with strategic investors.

Normunds Igolnieks


Rūdolfs Krese


Edgars Cimermanis

20230905_Portreti_ZGICapital_web_10.jpg

Ģirts Rungainis


Olga Fedjakina


Jānis Lielcepure

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Active portfolio

Businesses that have chosen ZGI Capital
as their financing partner

Electrify


Design & production of electric mini-buses for public transport
https://electricbus.lv/
2024

Nordic Vehicles Group


Passenger vehicles and & heavy machinery sales, after-care and rental services
https://lv.brcauto.eu / www.intrac.lv

2023

Royalty Range


Database provider, covering private company financials and ownership information, royalty rates, loan interest rates and service fees
www.royaltyrange.com

2022

Echoo Group


Engineering solutions for automation, electrical and building management systems, parking automation and access control
www.echoo.group

2022

eAgronom


Carbon Program and Farm Management Software
https://eagronom.com/lv

2021

Bio Investments


Microbiological fertilizers
www.bioefekts.lv

2020

GoWood


Kiln-dried firewood, kindling products and other biomass fuel manufacturing and resale
www.gowood.lv

2020

Corle OU


Electricity and telecommunication networks construction and energy projects management
www.corle.ee/en

2019

Our successful exits

Since inception in 2005 we have made 32 exits.

Mārupes Metālmeistars (fund ZGI-3)


The company has 20+ years in the metal working industry. It produces innovative, high-qualitative steel roofs, wall coverings, sewerage systems, as well as various standard/non-standard metal structures for private and public & industrial clients. A leading producer of steel roofs and construction profiles in the Baltics. Thanks to our investment, the company more than doubled in growth and was sold to strategic investor.

Mobilly (fund ZGI-3)

Mobilly is a client-focused fintech comapny that enhances the ease of making payments and accessing services, contributing to a more efficient and user-friendly experience in daily transactions.

Hansamatrix (fund ZGI-4)

The fund's investment ensured an increase in the company's revenues, enabled the fulfillment of new production orders, as well as attracting new customers in the industrial and data network sectors. The company was sold to a financial investor, thus providing a profit to the fund's investors.HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business sectors.

Kool Latvija (fund ZGI-3)

Strategic investors "Olerex group" acquired the Latvian petrol stations and convenience stores chain KOOL Latvija.  ZGI Capital provided KOOL with the initial growth capital back in 2016.

Banga Ltd (fund ZGI-3)

One of the leaders in fish processing in Latvia. The Fund's support for the purchase of equipment allowed company to double its turnover and rapidly expand internationally.

Dardedze Hologrāfija (fund ZGI-3)

One of the leading offset printing houses in Latvia. Company swiftly expands and employs 120 people. Flexible and fast in producing print orders for Latvian, German, British and Scandinavian clients.

Stream Networks (fund ZGI-1)

This outstanding telecommunication company showed excellent growth rate and made two M&A deals acquiring LATNET and Telecentrs. The transactions resulted in the creation of the country's second-largest provider of telecommunications services in the corporate segment. The company's 100% capital shares are now owned by the mobile operator “Bite Latvija”.

Art Fairs Service (fund ZGI-3)

The investment fueled rapid geographic expansion in Belgium, Sweden, the Netherlands, Germany, Italy, England, Denmark, United Kingdom, Spain and Latvia. 99% of revenue comes from export. The deal received Latvian private equity and venture capital association award “Exit of the Year 2017”.

Uprent (fund ZGI-3)

The company is the leading provider of pumps and pumping systems rental services in Eastern Europe with branches in Latvia, Lithuania, Estonia and Poland. ZGI's investment supported growth and helped to raise next round of venture capital investment.

Latvāņi (fund ZGI-3)

The company is one of the flagships in the Latvian timber industry. The fund made large-scale investments in production development, expanding the range of products, thus increasing automation levels and profitability.

Naco Technologies (fund ZGI-2)

The innovative nano-coating technology company was acquired by Germany's largest private company, Schaffler Group, which is the world's leading supplier to automotive and other industries. The deal received Latvian private equity and venture capital association award “Exit of the Year 2015”.

Premium Medical (fund ZGI-1)

The leading premium-class clinic in Latvia with more than 100 specialists. This is the first medical institution in Latvia in the premium clinics segment, it was able to survive and develop through a period of economic downturn.

Latest news

ZGI-3 exits Mobilly

ZGI Capital has sold it's stake in leading Latvian Fintech company Mobilly.

​Read more​

ZGI Capital Fuels Electrify's Growth with a €1.5 Million Investment


 Read more

ZGI-4 invests in eAgronom

Agronom closes $7.4M Series A to create a farming-based
carbon credits platform.

​Read more​
Read all news

Fundraising application

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ZGI Capital SIA

Alternative investment fund manager

E-mail: [email protected]
Call us: +371 68205122
Address:
Roberta Hirša iela 1, Verde,
Rīga, Latvija

Mandatory SFDR disclosures