Organization · Venture Capital
Expansion Capital AIFP
Expansion Capital AIFP is a Latvian alternative investment fund manager based in Riga, focusing on providing growth capital to export-oriented companies. The firm manages multiple funds, including INEC1 and INEC2, targeting startups and seed-stage investments.
Overview
What Expansion Capital AIFP does
What Expansion Capital AIFP is
Expansion Capital AIFP is a Latvian alternative investment fund manager based in Riga, focusing on providing growth capital to export-oriented companies. The firm manages multiple funds, including INEC1 and INEC2, targeting startups and seed-stage investments.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2013
- Approximate age
- About 13 years
- Structured capabilities
- Funder
- Last reviewed
- April 25, 2026
Official channels
Find Expansion Capital AIFP elsewhere
Open the official website or a supported primary organization account.
Capability profile
Expansion Capital AIFP as a funder
Investment thesis
Expansion Capital AIFP focuses on investing in Latvian companies with high growth potential, particularly those that are export-oriented and not reliant on domestic consumption. The organization provides flexible capital, including equity stakes and mezzanine financing, to support startups and early-stage companies.
Focus narrative
The organization invests primarily in sectors that are export-oriented, avoiding reliance on domestic consumption. Expansion Capital AIFP has established two active funds: INEC1 AIF, with €18.2 million available for investments in startups, and INEC2 AIF, with €6.5 million dedicated to seed-stage companies. Investments range from €150,000 to €2.73 million, with a focus on supporting high-potential growth ventures.
Value beyond capital
Expansion Capital AIFP adds value to its portfolio companies by providing not only capital but also strategic support and guidance. The organization focuses on fostering growth through export-oriented strategies and offers flexible financing options, including mezzanine financing, to help companies scale without excessive dilution of ownership.
Terms and economics
- Typical check
- $150,000–$2,730,000
- Sweet spot
- $600,000
Focus and fit
- Stages
- Seed · Series A · Accelerator
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 35
Portfolio context
Notable portfolio companies include: SIA Gas Powered Rail Latvia: Development of dual fuel systems for locomotives. SIA Balt Brand: Design and manufacturing of wood drying kilns. SIA Smart Meter: Manufacturing of water flow meters. SIA SFM Jelgava: Industrial real estate development. SIA Folded: Production of cardboard packaging. SIA LoanTech: Financial technology solutions. 1 min. Klīnika: Outpatient medical services.
Common questions
What to know about Expansion Capital AIFP
Upseed classifies Expansion Capital AIFP under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 25, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.