Expansion Capital

Expansion Capital operates as a significant investment firm in Latvia, providing financial backing ranging from €150,000 to €2,730,000 while typically acquiring equity positions between 10% and 49%. The firm demonstrates flexibility in its approach by offering mezzanine financing solutions when traditional bank loans prove inaccessible. Their investment philosophy prioritizes ventures with strong export orientation, independence from domestic market fluctuations, and substantial growth trajectories, ensuring portfolio resilience against local economic conditions.

Between August 2013 and October 2016, Expansion Capital Fund AIF deployed €14,100,000 across 35 companies, establishing a substantial investment track record in the Baltic region. While this particular fund has ceased making new investments, it continues to actively manage its portfolio companies, providing strategic guidance and operational support to maximize value creation. This hands-on approach to portfolio management reflects the firm's commitment to ensuring long-term success beyond initial capital deployment.

Building on their investment expertise, Expansion Capital AIFP has expanded its operations with two new specialized investment vehicles. The first, INEC1 AIF, represents a substantial €18,200,000 fund focused on startup companies, offering investment tickets between €600,000 and €2,730,000. This fund targets more established early-stage companies that have demonstrated initial market traction and require significant capital to accelerate growth and market expansion.

Complementing their startup investment strategy, INEC2 AIF operates as a €5,000,000 fund specifically designed to support seed-stage ventures with investments ranging from €150,000 to €250,000. This dual-fund approach enables Expansion Capital to address the entire early-stage funding spectrum in Latvia's entrepreneurial ecosystem, from initial concept validation through to significant growth phases. By strategically deploying capital across different development stages, the firm has positioned itself as a comprehensive financial partner for innovative Latvian companies with international ambitions.