ZGI Capital is one of the most experienced venture capital firms in the Baltics that started its operations in 2005. The investment period has been concluded for three generations of funds: ZGI-1, ZGI-2, ZGI-3 and now we are building the next-generation venture capital fund ZGI-4. ZGI Capital has won VC & PE sector awards for four consecutive years: in 2014., 2015., 2016, and 2017. ZGI Capital is registered in the Financial and Capital Market Commission as an alternative investment fund manager.
The total amount of fund exceeded EUR 7 million. More than 15 Latvian and foreign private and institutional investors, including the First Closed Pension Fund, the European Regional Development Fund and the SEB Group, invested in the ZGI-1 Fund.
The Fund’s operating model envisaged that in order to make investments each of the approved projects should attract private funding. The fund is closed and has completed its activities.
In August 2013, ZGI Capital in cooperation with the Development Finance Institution ALTUM created the fund ZGI-3. The total amount of the fund was more than EUR 12 million. Investments in 23 Latvian companies were made.
At the end of 2017, a contract was signed with the Development Finance Institution ALTUM regarding the establishment of EUR 32.5 million venture capital fund ZGI-4. For the next ten years the fund will work with investments in companies with a high growth potential.
ZGI Capital consists of industry professionals with successful experience in venture capital, business development and sales. As long-term investors, we work closely with entrepreneurs and use our knowledge and contacts to boost enterprise growth and value growth. We are experienced in acquiring export markets, improving business models, and in negotiations with strategic investors.