ZGI Capital

Investor type

VC

Founded

2005

AUM

$33 M

Location

Riga, Riga, Latvia

Investment Ticket

$1-5 m

Investment Stage

Seed Series B

Region of investment

Europe
Investor profile last updated: 22 August, 2026

Profile

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.




Industry

Consumer Services (B2C) Fintech Food and Beverage Real Estate Travel Financial Services Foodtech Media and Entertainment Security Software Telecommunications Energy Music TravelTech

Contacts

Name
Title
Email
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Normunds Igolnieks Managing Partner
Managing Partner
-
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Jānis Lielcepure Partner
Partner
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Investment-team contacts for ZGI Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about ZGI Capital

ZGI Capital is a venture capital firm. It backs companies at Seed and Series B, writing tickets of $1-5 m.
ZGI Capital is located in Riga, Riga, Latvia.
ZGI Capital was founded in 2005.
ZGI Capital invests in companies and startups in Consumer Services (B2C), Fintech, Food and Beverage, Real Estate, Travel, Financial Services, Foodtech, Media and Entertainment, Security, Software, Telecommunications, Energy, Music, TravelTech.
ZGI Capital invests in companies and startups in Europe.
ZGI Capital invests in companies and startups at Seed, Series B.
ZGI Capital usually invests $1-5 m on average.
ZGI Capital has around $33m assets under management.
ZGI Capital can be reached through its website zgi.lv, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for ZGI Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query ZGI Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 22 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.