Latvian opportunity capital fund @FlyCapLV plans to raise €41.3M to invest in growth companies. €24.8M will come from the European Regional Development Fund (#ERDF) and the state development finance institution ALTUM, and €16.5M will be raised from private investors who invest in the companies over five years. FlyCap will start investing when it receives 50% of the required funding from private investors.
Flycap will invest in the form of a mezzanine #loan, with a check for up to €4M per company. The companies must be promising and export-oriented to contribute to the creation of new jobs, #tax revenues, and the overall #development of the Latvian economy.
Founded in 2013 by @Girts82, Janis Liepins, and @JanisSkutelis, FlyCap is a mezzanine fund, which focuses on medium-sized companies in Europe.
All about Baltic startups and VC
https://t.co/wN9Ncz5NmP
#Latvia #startup #startups #VentureCapital #VC #newfund
Latvian #platform for creating and selling branded #cosmetics, #vitamins, and food supplements @supliful negotiate a #mezzanine loan of up to €2M from Latvian opportunity capital fund @FlyCapLV.
Founded in #Riga in 2021 by @MartinLasmanis and @PiksRihards, Suppliful is a platform for online businesses. #ecommerce enterprises can order such services as product creation, packaging, storage, and shipping. In the end, they pay for product fulfillment as soon as the customer makes an order in their stores.
The startup employs almost 40 people and has offices in Riga and #Denver, #Colorado (US). Supliful's 600-square-meter order fulfillment center is also located in the US.
The company will use the investment to tenfold the turnover to $50M in 2024.
Earlier, Supliful raised €1.9M with SAFE notes from Estonian angel investors, #Estonian accelerator Startup Wise Guys, #California-based Diaspora Ventures, #Czech https://t.co/i3oSaDpsrn, and other #investors.
Founded in 2013 by @Girts82, Janis Liepins, and @JanisSkutelis, FlyCap is a €21M mezzanine fund. It focuses on medium-sized companies in #Europe. The average ticket ranges from €1M to €2M per company. Currently, FlyCap invests via Mezzanine Fund II AIF KS.
#Latvia #startup #startups #tech #technology #technologies #TechnologyNews #TechNews #Deal #Deals #VentureCapital #VC
Latvijas jaunuzņēmums "Supliful", kas nodarbojas ar kosmētikas, uztura bagātinātāju un pakotās pārtikas produktu ražošanu un piegādi pēc pasūtījuma, vienojies, ka iespējkapitālfonds "FlyCap" izsniegs tam mezanīna aizdevumu līdz diviem miljoniem eiro.
https://t.co/g1iZ3joqVm
Izmanto iespēju noklausīties vebināru “Iespējkapitāla finansējums uzņēmumiem jeb kā piesaistīt gudro naudu”. Praktiski padomi uzņēmumiem no @FlyCapLV , @ZGI_Capital un @AltumLV par iespējām saņemt riska kapitāla finansējumu. https://t.co/DadtQrhbnY
Kā biznesam piesaistīt gudro naudu? Aicinām 23.martā apmeklēt vebināru par #iespējkapitāla finansējumu.
✅ Piedalās fondu @FlyCapLV@ZGI_Capital
un @Altum pārstāvji, kā arī uzņēmēji dalīsies savā pieredzē.
👉 Reģistrējies: https://t.co/QmMhNGw1Ly
@LVCA_info#ESfondi
@ReinisZnoo FKTK liek virsu loti augstas prasibas, loti gruta nozare, driz vispar kreditus vairs neizsniegs un par naudas turesanu banka bus japiemaksa! 😂
FlyCap has successfully exited LightHouse, which was one of the three exits in the last 3 months! We are proud that FlyCap was a part of this journey from the very beginning and believe that RCG Lighthouse has a bright future ahead!
https://t.co/L7U4Qi8Lis
@FlyCap has successfully exited @RCGLighthouse , which was one of the three exists in the last 3 months! We are proud that FlyCap was a part of this journey from the very beginning and believe that @RCGLighthouse has a bright future ahead!
https://t.co/hNjO1avC90