Expansion Capital Overview
Expansion Capital AIFP is a Latvian investment firm that provides equity investments ranging from EUR 150,000 to EUR 2,730,000 in Latvian companies, acquiring equity stakes between 10% and 49%. The firm prefers projects and companies that are export-oriented, not dependent on domestic consumption, and exhibit strong growth potential. They also consider providing mezzanine financing when bank loans are unavailable. Expansion Capital has established two funds: INEC1 AIF, an EUR 18,200,000 fund investing between EUR 600,000 and EUR 2,730,000 in startup companies, and INEC2 AIF, a EUR 6,500,000 fund investing between EUR 150,000 and EUR 250,000 in seed-stage companies or projects.
Is Expansion Capital the right VC for your startup? Browse their investment focus, stage preferences, and geographic scope to see how well they align with your fundraising goals. Your full match score with Expansion Capital, along with a list of other relevant VCs, is available on Hopohopo.io.
Expansion Capital
Investment focus
Invest in
- Baltics 1 / 3
Customer types
- B2B
Investment role
Lead and follow
Stages
Seed, Series A
First ticket size
€150,000 - €2,730,000
Contact information
Board Member and Director
Karlis Brils
Senior Partner
Eriks Fricsons
Senior Managing Partner
Zigmars Reklaitis
How to approach funds like Expansion Capital
When engaging Expansion Capital, founders should highlight their company’s export potential and scalability beyond the Latvian market, as the firm values businesses with international ambitions. Demonstrate a clear path to significant growth and readiness for institutional capital, as well as a strong management team capable of executing on cross-border opportunities. If your business model is less suited to traditional bank financing, be prepared to discuss alternative capital structures and how equity or mezzanine investment will accelerate your trajectory.
Find the best-fitting investors for your startup
Stop wasting weeks searching for the right investors. Upload your deck and get matched with investors who actually fit your startup — so you can focus on building, not chasing.
