Buildit VC
- Company typePrivate
- Founded2013
- HeadquartersRiga, Latvia
- Headcount1–10
- GTM typeB2B
- OfferingServices
Buildit VC firmographics
Firmographics- Name
- Buildit VC
- Legal name
- SIA "AIFP Buildit Latvia"
- Website
- https://buildit.lv
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Buildit VC industry classification
Industry- Product category
- Venture Capital & Startup Acceleration
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
- akta.pro secondary industries
- Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA), Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Buildit VC is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices1 record
Markets served
Buildit VC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Equity Investment Returns: Buildit generates returns through equity stakes acquired via convertible loans (pre-seed up to EUR 50,000) and seed investments (up to EUR 250,000). Returns realized upon portfolio company exits through acquisition or IPO.
- Fund Management Fees: VC fund management fees typically charged as percentage of committed capital or assets under management, supporting operational costs of the accelerator and fund management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Pre-Seed Investment: Up to EUR 50,000 convertible loan |
| Other | Pay-as-you-go | Seed Investment: Up to EUR 250,000 |
| Other | Pay-as-you-go | Seed/Follow-on: Up to EUR 1.5 million |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Buildit VC product offering
Product offeringCore offering
Buildit VC is a venture capital fund and hardware/IoT-focused accelerator that invests in early-stage startups through a full-stack model combining a 4-month acceleration program with pre-seed (up to EUR 250,000) and seed (up to EUR 1.5M) investments. The fund supports portfolio companies with 90+ global mentors, manufacturing partner network access across the Baltic and European regions, and a Build-On follow-on program providing 2+ years of tailored mentoring and ongoing capital support.
Product overview
Buildit VC operates as a full-stack hardware and IoT-focused accelerator and venture capital fund. The company offers a Pre-Seed Investment Program (up to 250k EUR), a 4-month Acceleration Program, a Seed Investment Program (up to 1.5 MEUR), and a Build-On Follow-on Program. With 18 batches and 80+ startups under their belt, they have evolved from offering €10,000 seed tickets to becoming a VC fund capable of investing up to €1.5 million. They specialize in Industry 4.0, robotics, automation, IoT, and software solutions, primarily in the Baltics and Nordics. A new 20MEUR fund is being raised with first investments planned for Q2 2025.
Differentiator
Problem solved
Functional benefit
Products and services
- Pre-Seed Investment Program Pre-Seed Investment Program offering investment up to EUR 250,000 for pre-seed stage startups incorporated or predominantly running business from Latvia. Evaluates MVP and Market-Founders fit. Investment typically structured as convertible loan with discount and valuation cap.
- Seed Investment Program Seed Investment Program offering investment up to EUR 1.5 million for seed stage and follow-up investments, with geographical focus on Baltics, Nordics, and potentially EU countries. Evaluates early traction, customer base, and clear growth strategy. Buildit may lead rounds or serve as guarantor for other investors.
- Acceleration Program 4-month intensive accelerator program accepting approximately 10 teams per batch, covering topics including Problem & Solution fit, Storytelling & Pitching, Fundraising/Financials, and Manufacturing/Product Development, with ESG factors integration. Designed for early-stage hardware and IoT startups.
- Build-On Follow-on Program Ongoing tailored mentoring program for accelerator graduates with 2+ years of follow-on support, seed investment up to EUR 250,000, and support for attracting mentors, experts, and investor introductions. Includes appointed advisors and structured check-ins to help portfolio companies refine prototypes into market-ready products and secure subsequent investments.
Quantifiable outcome
- 569 active startups in Latvian ecosystem with €610.5M turnover (15% YoY growth)
- +2 more outcomes
Companies that use Buildit VC
Customer profileSegments2 records
Ideal customer profiles2 records
Buildit VC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Buildit VC partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor.
- LMTminorMobile operator and ecosystem partner supporting Buildit accelerator program.
- HansaMatrixminorElectronics manufacturing partner providing production capabilities for portfolio companies.
- Wolves SummitminorEvent and networking partner for startup ecosystem visibility and deal sourcing.
- Garage48minorHackathon and startup event organizer as ecosystem partner.
- StartupHouseminorStartup co-working space and ecosystem partner in Latvia.
- TechChillminorBaltic tech ecosystem organizer and startup community partner supporting deal flow.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Buildit VC competitors and assessment
Company assessmentDirect peers
- HAX: HAX is the world's largest hardware-focused accelerator, running pre-seed and seed programs for deep tech and hardware startups. Like Buildit, HAX specializes in supporting founders through prototyping and manufacturing — a directly comparable operating model.
Broad incumbents
- SOSV: SOSV is the multi-stage VC that operates HAX and other vertical accelerators. As a fund-of-accelerators with deep hardware domain expertise, SOSV is a comparable investor-operator model to Buildit, though at materially larger scale.
- Techstars: Techstars runs a global network of accelerator programs with mentor-driven support and seed investment. While not hardware-specialized, Techstars competes for the same founder talent pool and offers a comparable accelerator-plus-fund structure.
- Startupbootcamp: Startupbootcamp operates industry-specific accelerator programs across Europe and globally, including programs relevant to IoT, smart cities, and hardware. Its verticalized accelerator model and seed investment approach make it a close analog to Buildit's structure.
- Rockstart: Rockstart runs vertical accelerators (including AgriFood, Energy, and Emerging Tech) with seed investment and follow-on support. Its domain-focused accelerator-plus-fund model and European footprint closely resemble Buildit's approach.
Regional players
- Practica Capital: Practica Capital is a Lithuania-based early-stage VC investing in Baltic startups across hardware, IoT, and software. It is a regional peer operating in the same Baltic ecosystem that Buildit serves, often co-investing or competing for the same founders.
- Karma Ventures: Karma Ventures is a Baltic/Nordic seed-stage VC focused on deep tech, IoT, and hardware startups. It operates in the same geographic focus as Buildit and targets similar hardware-heavy founder profiles at seed stage.
- SuperAngel: SuperAngel is an Estonian early-stage fund investing in Baltic tech startups. As a Baltic-focused seed investor with overlapping geographic and stage coverage, it is a regional peer to Buildit.
- SmartCap: SmartCap is the Estonian state-backed VC fund-of-funds and direct investor in early-stage Estonian startups. Like Buildit (which is Altum-backed in Latvia), SmartCap represents the regional state-backed capital model supporting Baltic founders.
- Startup Wise Guys: Startup Wise Guys is a Cyprus-founded accelerator with strong Baltic/Nordic operations running B2B and deep tech accelerator programs. It is a regional competitor for early-stage founders across the same geography as Buildit.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Buildit VC social profiles
Digital presenceBuildit VC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Buildit VC leadership team
Management profileNumber of profiles
Profiles9 records
Buildit VC funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Buildit VC M&A and investment
M&A and investmentM&A
Investments49 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Buildit VC
What does Buildit VC do?
Buildit VC is a venture capital fund and hardware/IoT-focused accelerator that invests in early-stage startups through a full-stack model combining a 4-month acceleration program with pre-seed (up to EUR 250,000) and seed (up to EUR 1.5M) investments. The fund supports portfolio companies with 90+ global mentors, manufacturing partner network access across the Baltic and European regions, and a Build-On follow-on program providing 2+ years of tailored mentoring and ongoing capital support.
Is Buildit VC a public or private company?
Buildit VC is a private company. It is classified as venture growth investor backed and is currently operating.
When was Buildit VC founded?
Buildit VC was founded in 2013. It employs 1 to 10 people.
Where is Buildit VC based?
Buildit VC is headquartered in Riga, Latvia, in the Europe region.
How does Buildit VC make money?
Two revenue lines are on record. Equity Investment Returns are the primary driver. The others are fund Management Fees.
Who are Buildit VC's main competitors?
HAX is listed as a direct peer. Broad incumbents are SOSV, Techstars, Startupbootcamp and Rockstart. Regional players are Practica Capital, Karma Ventures, SuperAngel, SmartCap and Startup Wise Guys.
Does Buildit VC have an API?
No public API is recorded for Buildit VC.
What industry is Buildit VC in?
Buildit VC's product category is Venture Capital & Startup Acceleration. Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated), with a secondary code of FSANAAAA, Early-Stage Venture Capital (Pre-Seed/Seed). Its NAICS code is 523940 and its SIC code is 6282.