Exciting Springtime Ahead in Latvia (sponsored)

Exciting Springtime Ahead in Latvia (sponsored)

Magnetic Latvia becomes Startup Heatmap partner

Exciting Springtime Ahead in Latvia

“You can really never catch a breath in this vibrant ecosystem”, says Emīls Dārziņš, Startup Whisperer at Magnetic Latvia, the agency who has embarked on the mission to give the thriving local startup community the international visibility it deserves.

2019 has been a record year in terms of investments for the Baltic country. According to the Baltic Startup Scene report from Startup Wise Guys, Latvia reached a 30% increase of funding from 2017 to 2018. Latest numbers confirm this level for 2019. The biggest Latvian investment round is cited to be BitFuy with 80mn € in 2019.

From late 2019 the Startup Heatmap shows common findings on Latvia’s striving ecosystem on Riga’s profile page.

Latvia has to offer a special kind of community vibe, which comes to life during many international events like TechChill, Digital Freedom Festival, and iNovuss Innovation Festival but also the StartupBBQs organized by the founder community for the founder community.

Also the recently published brand videos share this particular vibe of the Baltic newcomer:

Free high-speed wireless internet is now easily accessible in 38,873 locations throughout Latvia, including parks, city squares and other open-air spaces.  Emīls says “We are not suggesting that you should do Google sheets while kayaking… but you could.”

Being a great launchpad for startups willing to test EU market, Latvia offers access to a dedicated ecosystem helping startups grow, various financial tools, great talent pool and international connections. Check out www.startuplatvia.eu to find out more!