Startups in Latvia continue to grow and are becoming an increasingly important driver of the economy and innovation, according to the findings of the annual industry study by the Latvian Startup Association "Startin.LV". At the end of 2025, there were 569 startups operating in Latvia. Although the total number of companies has not grown significantly in recent years, the sector's contribution to the economy continues to grow in terms of turnover, employment and tax revenue, the association said…
Startups in Latvia continue to grow and are becoming an increasingly important driver of the economy and innovation, according to the findings of the annual industry study by the Latvian Startup Association "Startin.LV". At the end of 2025, there were 569 startups operating in Latvia. Although the total number of companies has not grown significantly in recent years, the sector's contribution to the economy continues to grow in terms of turnover, employment and tax revenue, the association said. According to 2024 data, the total turnover of start-ups reached €610.5 million, which is a 15% increase compared to the previous year. Fourteen mature companies exceeded the €10 million turnover threshold, together accounting for 62% of the sector…
