The Startup Ecosystem of Riga

Riga has 111 startups in our sample database which represents about 90% of Latvia’s sampled startups. Riga is the highest-ranked startup ecosystem in Latvia.

CITY RANKING

In 2023, the startup scene of Riga developed considerably and increased in the Global Ecosystem Index by 24 spots.

National Ranking

1st
0
In Latvia

Regional Ranking

13th
+
3
In Eastern Europe

Global Ranking

173rd
+
24
Worldwide

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ECOSYSTEM

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Ecosystem

The Startup Ecosystem in Riga

Startups in Riga excel in Education, Fintech, and Ecommerce & and Retail. There are some notable success stories contributing to the city’s growing Education industry. One of the most promising startups in Riga in 2023 is Lokalise, Mintos, and Sonarworks.

Global Rank

Riga is ranked within the top 200 startup ecosystems globally.

Top Industries

Riga’s startups excel particularly in Education where it ranks 82 and in Fintech, and Ecommerce & Retail. Find out more

Top Cities for Startups in Latvia - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2023 National Rank & Change City
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Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
173rd
+
24
3.604
00.00
00.00
00.00
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Startups

Notable Startups in Riga
Lokalise startup icon
Lokalise
Mintos startup icon
Mintos
Sonarworks startup icon
Sonarworks

Startups

Successful Education startups in Riga
Edurio startup icon
Edurio
Anatomy Next startup icon
Anatomy Next
University Turiba startup icon
University Turiba

Startups

Startups Ranking by Industry

Education icon
Education
#82 worldwide

On our map, you can explore a total of 31 startups for Education.

Fintech icon
Fintech
#126 worldwide

The Fintech industry in Riga is ranked 126 globally. There are 14 startups for Fintech on our sample database and map.

Ecommerce & Retail icon
Ecommerce & Retail
#128 worldwide

Ecommerce & Retail is ranked 128th in the world. Our database contains 14 startups for this industry.

ECOSYSTEM

Why should you join Riga's Startup Ecosystem?

Overview

Within Riga there is an increased attraction for entrepreneurs to set up their startups in industries such as Education, Fintech, Ecommerce & Retail. These three industries represent about 53% of the startups represented on the Startup Ecosystem Map of Riga.

1st

National Rank

13th

Regional Rank

Overview

Riga is Latvia's 1st best startup ecosystem and is ranked 13th in Eastern Europe. With a population of 1M - 2M people, Riga is ranked 173rd in the world. The city has some notable startup success stories including Lokalise.

ECOSYSTEM
Startup Infrastructure in Riga
With a large variety of initiatives, Riga's startup ecosystem stands out from other cities in Eastern Europe. Riga offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Riga's most prominent support initiatives:

Accelerators

Startup Wise Guys startup icon

Startup Wise Guys

Overkill Ventures startup icon

Overkill Ventures

Commercialization Reactor startup icon

Commercialization Reactor

Coworking Spaces

Regus - Riga, Terbatas startup icon

Regus - Riga, Terbatas

Regus - Riga, Esplanade startup icon

Regus - Riga, Esplanade

Regus - Riga Opera startup icon

Regus - Riga Opera

Organizations

Labs of Latvia startup icon

Labs of Latvia

Featured Ecosystem Portals

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