The Scoop
Latvia's startup scene is booming. The 2025 Latvian Startup Report reveals 569 active startups generated €610.5M in 2024, up 15% YoY, with deeptech leading investment at €78M.
The Context
Latvia's startup ecosystem, though nascent, shows strong growth, driven by deeptech innovation. Startin.LV's report highlights increasing turnover, tax contributions (€110.4M), and average salaries (€2,820). Aerones' €54M investment signals rising international interest. The sector aims for sustainable development through ecosystem collaboration.