ZGI Capital
Overview
Founded in 2005, ZGI Capital is one of the most experienced venture capital firms in the Baltic region. The firm has successfully concluded investment periods for three funds—ZGI-1, ZGI-2, and ZGI-3—and is currently managing its fourth-generation fund, ZGI-4. ZGI Capital invests in companies with proven business models and established home markets, aiming to expand into new export markets, increase capacity, develop new business lines, improve profitability, or automate processes. The firm has a diverse investment portfolio, including sectors such as metalworking, food industry, woodworking, logistics, information technology, engineering, retail, and service exports. ZGI Capital has been recognized with awards from the Latvian Private and Venture Capital Association in 2014, 2015, 2016, 2017, 2024, and 2025. The firm is registered with the Bank of Latvia as an alternative investment fund manager.
Is ZGI 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 ZGI Capital, along with a list of other relevant VCs, is available on Hopohopo.io.
Investment focus
Invest in
- Baltics
How to approach funds like ZGI Capital
When engaging ZGI Capital, founders should highlight clear traction in their domestic market and present a well-defined strategy for international expansion. Demonstrating operational discipline, scalability, and readiness to execute on cross-border growth will resonate, especially if you can show how additional capital will unlock new markets or efficiencies. ZGI values pragmatic, execution-focused teams with a track record of delivering results and a strong grasp of their industry’s export potential.
Investment role
Lead and follow
Stages
Series A, Series B or later
First ticket size
€500,000 - €5,000,000
Contact information
Partner
Edgars Cimermanis
Partner, Board Member
Olga Fedjakina
Partner
Normunds I.
Partner
Rudolfs Krese
Investment Director
Martins Pjalkovskis
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