ZGI Capital

ZGI Capital is a private equity and venture capital firm based in Riga, Latvia, founded in 2005. It specializes in investments in the fintech sector and focuses on seed, early, mid, and late-stage ventures, as well as growth capital and expansion investments. The firm targets investments primarily in the Baltics and CIS countries, typically ranging from €0.5 million to €1 million, with potential for larger investments up to €5.7 million when combined with additional financing from banks or leasing companies. ZGI Capital generally seeks to acquire a minority ownership stake, not exceeding 49% of the equity, and may also provide loans as part of its investment strategy. The investment term usually spans three to six years, with exits achieved through the sale of stakes to other investors. The firm does not engage in certain industries, including synthetic fiber manufacturing, transportation, and agriculture, among others.

Normunds Igolnieks

Capital Partner and Chairman of the Board

Jānis Lielcepure

Founder and Partner

Ģirts Rungainis

Co-Founder and Partner

Edgars Cimermanis

Investment Director

Rudolf Krese

Capital Investment Director

Past deals in CIS

Stream Networks SIA

Seed Round in 2010
Stream Networks SIA is a prominent provider of fixed and mobile data transmission services and Internet access, catering primarily to corporate clients in Latvia and the Russian Federation. Established in 2007 and headquartered in Riga, the company offers a comprehensive range of services, including fiber optic and wireless Internet, IT infrastructure colocation, server rental, data transmission solutions such as VPN, and telephony services like voice over Internet protocol. Additionally, Stream Networks provides data center services, cloud computing, virtualization, and IT infrastructure support encompassing workstation and network maintenance, along with professional helpdesk services. The company serves a diverse clientele, including banks, government institutions, and local authorities, and has established itself as a key player in the telecommunications sector. Stream Networks SIA operates as a subsidiary of SIA BITE Latvija.

Stream Networks SIA

Seed Round in 2008
Stream Networks SIA is a prominent provider of fixed and mobile data transmission services and Internet access, catering primarily to corporate clients in Latvia and the Russian Federation. Established in 2007 and headquartered in Riga, the company offers a comprehensive range of services, including fiber optic and wireless Internet, IT infrastructure colocation, server rental, data transmission solutions such as VPN, and telephony services like voice over Internet protocol. Additionally, Stream Networks provides data center services, cloud computing, virtualization, and IT infrastructure support encompassing workstation and network maintenance, along with professional helpdesk services. The company serves a diverse clientele, including banks, government institutions, and local authorities, and has established itself as a key player in the telecommunications sector. Stream Networks SIA operates as a subsidiary of SIA BITE Latvija.
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