Venture Faculty tree sign
News & Articles

The “hidden gems” of Latvia - 12 startups to watch in 2020

The “hidden gems” of Latvia - 12 startups to watch in 2020

  • Startup Wise Guys report has been launched with a focus on “Baltic startups to watch”, providing an interesting insight to what stakeholders find currently relevant.
  • Many of the startups are of the B2B- and SaaS-type, utilizing technology in innovative ways to connect the end-user to a provider.

The report features some very interesting startups that readers might not have previously known about. While the report mentions all current Baltic startups that are of interest, the ones in this are focused only on those in Latvia. Here are a couple:


A combination of hardware and software solutions that result in quantum encryption on mobile phones, which then result in private and secure communication. Interestingly, one of the team members is ex-Minister of Defense, Ģirts Valdis Kristovskis. Entangle was also one of the six startups to receive a grant from the Ministry of Defense for developing their product. The product is currently being prototyped and tested and is planned to be launched in 2020.


A unit that turns previously diesel-burning vehicles into LPG fuel-burning vehicles – reducing both fuel costs as well as emissions. They work primarily with business fleets and common-rail engines, retrofitting them into more sustainable vehicles. Artusystem won the main prize at last year’s Deep Tech Atelier conference. 

Read the full article at Labs of Latvia.