Silicon Valley brought to Europe

What is LABACA Venture Capital:

Venture capital fund to raise capital for Early Stage Technology Startups in Riga, Latvia and Sunnyvale, California;
Management company of LABACA Venture Capital Fund;
Combined team of experienced venture capitalists from Silicon Valley and industry professionals from Latvia;
Network of industry contacts in Silicon Valley for development, strategic partnership and exits;
Bridge between Silicon Valley and Northern Europe;
Funding source for LABACA Accelerator companies;

We Believe:

  • Entrepreneurial spirit and disruptive services are progress drivers;
  • Companies in Europe have the same opportunity to become next Facebooks and Twitters as those based in Silicon Valley
  • Close collaboration between teams and resource sharing are most effective way to succeed;
  • Products and services born in Europe can be competitive and disruptive worldwide;

We Seek:

  • Strong, ambitious teams;
  • Disruptive products and services for global markets;
  • Talented and educated core team members;
  • Positive attitude to work and interest to participate in the LABACA Community;
  • Obsession about your product balanced with experience in industry;

We Expect:

For LABACA Venture Capital fund and Accelerator companies:

  • Targeted Revenue By Year 5: EUR 1,000,000 – EUR 5,000,000
  • Targeted Returns: 5x Investment – 10x Investment
  • Targeted Years to Exit: 3 – 8 Years
  • Targeted Years to Break Even: 1 Year – 3 Years

The Focus

LABACA Venture Capital fund invests in these verticals:

  • Internet / Web Services
  • IT Services
  • Internet security
  • Social networks and services
  • Software
  • IT Business Products and Services
  • Media and Entertainment software and services
  • Mobile apps
  • Gaming apps

Be ready

If you will be approved for LABACA Accelerator or receive venture capital from LABACA Venture Capital fund, be ready:

  • To give 5-40% of your company equity;
  • To permanently move into working space in LABACA Accelerator in Riga, Latvia. We love to see our team members every day, so we could help you better;
  • To move or establish legal company in Latvia;
  • To move your international team with core members to Riga, Latvia. We help you with accommodation;
  • To utilize centralized LABACA Accelerator bookkeeping, accounting, marketing, legal, transportation and hosting services


We investing in following stages:

Preseed stage
Up to 50 kEUR and 10 kEUR community currency no-interest loan from LABACA community.
Seed stage
Up to 200 kEUR and 20 kEUR community currency no-interest loan from LABACA community.
Startup stage
Up to 1500 kEUR and 50 kEUR community currency no-interest loan from LABACA community.

For qualified companies LABACA Venture Capital fund and Accelerator offer:

  • Smart Money, support. help, nurturing and gateway to global expansion;
  • Furnitured private working space starting from 20m2furnitured private working space in heart of the technology of Nordic county Riga, Latvia