Organization · Venture Capital
New Nordic Ventures
New Nordic Ventures is a seed-stage venture capital firm based in Riga, Latvia, focusing on enterprise software startups from Eastern Europe. The firm aims to support founders by providing resources and expertise to scale their businesses in the European market.
Overview
What New Nordic Ventures does
What New Nordic Ventures is
New Nordic Ventures is a seed-stage venture capital firm based in Riga, Latvia, focusing on enterprise software startups from Eastern Europe. The firm aims to support founders by providing resources and expertise to scale their businesses in the European market.
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 2021
- Approximate age
- About 5 years
- Structured capabilities
- Funder
- Last reviewed
- April 24, 2026
Official channels
Find New Nordic Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
New Nordic Ventures as a funder
Investment thesis
New Nordic Ventures focuses on identifying and supporting early-stage B2B enterprise software startups from Eastern Europe that align with major technology megatrends, including AI applications, cloud computing, and sustainability.
Focus narrative
New Nordic Ventures invests in early-stage startups within the enterprise software sector. Their investment thesis emphasizes identifying startups that align with major tech trends, particularly those involving AI applications, cloud computing, and sustainability. The organization targets startups with strong product-market fit and scalable solutions, particularly those founded by professionals from Eastern Europe.
Value beyond capital
New Nordic Ventures provides more than just capital; they assist portfolio companies in relocating their headquarters to the EU, establishing European and international commercial traction, preparing for subsequent fundraising rounds, and making introductions to top European later-stage VC funds and strategic investors. They also offer professional guidance on exit processes.
Terms and economics
- Typical check
- $200,000–$300,000
- Sweet spot
- $250,000
Focus and fit
- Stages
- Pre-seed · Seed
- Regions
- Europe · Cee · Baltics
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 10
Portfolio context
Notable portfolio companies include: Petabox: Next-gen cloud storage enabler (invested Aug 2023) DrugCards: Drug safety startup (invested Aug 2023) Rapid Delivery Analytics: Delivery analytics platform (invested Apr 2023) Moeco: IoT/connectivity startup (invested Apr 2023) Skin Bliss: Health/beauty tech Paul-Tech: Enterprise software Medinav: Healthcare navigation/tech Meredot: Enterprise software Agently: AI/automation tool Noscos: Enterprise software.
Common questions
What to know about New Nordic Ventures
Upseed classifies New Nordic Ventures 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 24, 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.