Invego

What Invego does

Invego OÜ is a private, founder-led real estate development group headquartered in Tallinn, Estonia, founded in 2009 and operating across Estonia, Latvia, and Portugal. The group develops integrated residential districts and commercial quarters under a unified design philosophy that combines architecture, landscape, and community programming; its portfolio includes approximately 13 named residential developments (such as Vītolu Parks, Torņakalna Terases, Mārupes Sirds, Verve, Uus-Järveküla, and Silves Hills), the Invego x Art cultural program, and a commercial premises line. The group has delivered more than 150,000 m² of residential space (1,500+ homes) and 50,000 m² of commercial real estate, with over 500,000 m² across 30+ projects currently in the pipeline, and is structured as 60+ legal entities.

The company's revenue model combines one-time residential and commercial property sales — typically structured as a €5,000 reservation deposit, a 15% payment on a notarial law-of-obligations contract, and the balance on completion — with a separate capital-markets revenue channel added in April 2026 through an €8 million bond listing on Nasdaq Baltic First North. Pricing varies by project, with entry-level units starting from approximately €119,900–€122,900, and total project investment values disclosed at €11.78M (Verve), €36.7M (Torņakalna Terases), €50M (Mārupes Sirds), and €75M (Vītolu Parks). The go-to-market relies on an in-house direct sales team, bank financing partnerships with LHV, Luminor, and Coop Pank, a property trade-in program, and brand-building via the Invego x Art initiative; institutional co-investment from EfTEN funds further supplements the capital stack on selected projects.

The technology and differentiation stack centers on A-energy class buildings, a unique-in-Estonia 5-year construction warranty, integrated quarter-level landscape design, terraced and back-to-back architectural typologies, and the cultural-art differentiation layer provided by Invego x Art. Construction is delivered through repeat partnerships with NOBE (engineering and contracting), UPB Nams (design-build), Pillar Contractor, and RUUME arhitekti, while institutional capital is supplied by Coop Pank and EfTEN funds. Recognition includes the Latvian Construction Award 2025, the Estonian Real Estate Achievement of the Year 2025, and the Golden Egg Awards 2026 Gold for the Krulli Park business quarter.

Name

Invego

Legal name

Invego OÜ

Website

https://invego.ee

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Invego is a private, founder-led Baltic real estate developer headquartered in Tallinn that builds integrated residential districts and commercial quarters across Estonia, Latvia, and Portugal, selling directly to individual home buyers and supplementing project capital with bank and institutional partners.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

New Construction & Builder Sales (BPAJAAAB)

Keywords

• Residential real estate development
• Commercial property development
• Integrated residential districts
• A-energy class housing
• Real estate project development

Headquarters

HQ city

Tallinn

HQ country

Estonia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Residential & Commercial Property Sales: Invego generates revenue primarily through the sale of residential and commercial properties. The standard sales process involves three stages: (1) a reservation agreement requiring a €5,000 deposit, (2) a notarial law-of-obligations contract requiring 15% of the purchase price, and (3) a real right contract upon completion requiring the remaining balance. Properties include apartments, terraced houses (row houses), duplexes (paired houses), triplex villas, and small apartment buildings. Pricing varies by project (e.g., Vītolu Parks units from €122,900; Mārupes Sirds from €119,900). Additional revenue comes from commercial premises (business quarters) sales.
2. Bond Issuance (Capital Markets): Invego Group OÜ issued bonds listed on Nasdaq Baltic First North in April 2026. The bond issuance was €8 million with a nominal value of €1,000 per bond, 9.5% annual interest paid quarterly, with maturity on 26 March 2030. The bonds were oversubscribed 5x, raising total subscribed capital of €19.85 million from 1,934 investors across the three Baltic countries. Revenue from bond issuance provides capital for development projects rather than being an operational revenue stream.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Invego is a next-generation real estate developer that builds and sells integrated residential districts and commercial quarters across Estonia, Latvia, and Portugal. The company offers apartments, terraced houses, duplexes, triplex villas, and small apartment buildings under A-energy class standards, with a unique 5-year construction warranty in Estonia. Revenue is generated primarily through one-time property sales via a structured three-stage payment process (reservation deposit, law-of-obligations contract, and completion balance), supplemented by capital raised through Nasdaq Baltic First North bond issuances.

Product overview

Invego is a next-generation real estate developer operating in Estonia, Latvia, and Portugal, specializing in large-scale residential districts and commercial quarters with integrated urban planning concepts. The portfolio includes residential developments (Keila Pargikodud, Luccaranna, Uus-Järveküla, Verve, Vītolu Parks, Torņakalna Terases, Mārupes Sirds, Nordale, Parka Kvartals, Skanstes Rezidences, Miera Rezidences, Vide Adaži, Silves Hills) and commercial premises, unified by A-energy class standards, 5-year warranties (unique in Estonia), and design-focused architecture. The company also runs Invego x Art, an initiative integrating young Baltic artists' work into residential projects.

Differentiator

Problem solved

Functional benefit

Brands

• Invego x Art: An initiative integrating young artists' work into Invego residential developments, promoting Baltic art in homes.

Products and services

• Keila Pargikodud Residential development project in Keila, Estonia, offering terraced houses, semi-detached houses, apartments, and luxury homes featuring A-energy class buildings and Invego's unique 5-year warranty in Estonia.
• Luccaranna Luxury small-scale apartment buildings and triplex villas near the sea in Tallinn, Estonia, featuring a linear park and boardwalk to the beach. Includes 11 triplex villas and 9 small apartment buildings.
• Uus-Järveküla Terraced housing development in Tallinn suburb, Estonia, featuring family-friendly homes with private terraces, playgrounds, and proximity to schools. Original development delivered 165 units of which 161 were sold, with a new 22-detached-house expansion in progress.
• Verve €18 million residential district in Viimsi, Estonia, comprising 58 next-generation townhouses arranged back-to-back for energy efficiency, more natural light, larger windows, and increased privacy. First homes expected by end of 2027.
• Vītolu Parks €75 million residential development in Riga, Latvia, comprising 8 seven-story buildings and 360 A-energy class apartments with green courtyards, children's playgrounds, and underground parking. Prices start from €122,900.
• Torņakalna Terases €36.7 million residential development in Riga, Latvia, featuring terraced/stepped architecture. Includes 216 A-energy class apartments across two stages, designed by RUUME arhitekti.
• Mārupes Sirds €50 million residential project in Marupe near Riga, Latvia. Over 400 homes planned across multiple phases with A-energy class apartments, terraced housing, green areas, and sports facilities. Prices start from €119,900.
• Nordale Residential development in Latvia between Mežaparks and Skanste districts of Riga, developed in partnership with Retterra.
• Parka Kvartāls Residential project in Riga, Latvia, developed with partner Retterra. Award-winning development (Latvian Construction Award 2025 laureate).
• Skanstes Rezidences Residential development in Skanste district of Riga, Latvia.
• Miera Rezidences Residential development in Riga, Latvia.
• Vide Adaži Townhouse-only residential area near Riga, Latvia.
• Silves Hills 154-villa residential development on 65 hectares in southern Portugal (Silves), suitable for year-round living and seasonal use.
• Commercial Premises (Äripinnad) Commercial premises and business quarters developed by Invego in Estonia, Latvia, and Portugal. Includes the award-winning Krulli Park business quarter in Tallinn.
• Invego Group Bond (Nasdaq Baltic First North) Capital markets instrument issued by Invego Group OÜ and listed on Nasdaq Baltic First North. €8 million bond issue with €1,000 nominal per bond, 9.5% annual interest paid quarterly, and 26 March 2030 maturity. Oversubscribed nearly 5x.

Quantifiable outcome

• Over 1,500 homes delivered, 150,000 m² residential and 50,000 m² commercial space developed
• +6 more outcomes

Named customers9 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, minor and moderate.

• UPB GroupcoreImplementation/ SI/ Consulting Partner · 8 June 2026UPB Group is one of the Baltic region's leading industrial holdings, specializing in technologically complex construction projects including design, production of construction materials, delivery, installation, and service. UPB Group's subsidiary SIA UPB Nams executes the Tornakalna Terases construction contract. UPB employs approximately 1,700 people across MB Betons Group, RK Metāls Group, AILE Group, UPB Energy Group, and UPB Nams Group.
• UPB Nams (SIA UPB Nams)coreImplementation/ SI/ Consulting Partner · 2 June 2026Invego Tornakalna SIA signed a €36.7 million (€30.3M + VAT) design and construction contract with SIA UPB Nams for the Tornakalna Terases residential quarter in Riga. The project will deliver 216 apartments in two stages. UPB Nams is part of UPB Group, one of the Baltic region's leading industrial holdings specializing in technologically complex construction projects (~1,700 employees).
• NOBE (OÜ NOBE)coreImplementation/ SI/ Consulting Partner · 29 May 2026Invego's subsidiary Invego Viimsi OÜ signed an €11.78 million (€9.5M + VAT) construction contract with OÜ NOBE for the Verve residential district in Viimsi, Estonia. The project involves 58 new generation row houses. NOBE Construction Director Priit Nigols described the collaboration as combining NOBE's quality-focused approach with Invego's vision for integrated living environments. First homes expected completion: end of 2027.
• Osta Noort Kunsti (Buy Young Art) AuctionminorGTM or Marketing Partner · 29 April 2026Invego partnered with the Osta Noort Kunsti (Buy Young Art) auction project in both Estonia and Latvia. Through this partnership, Invego promotes young artists and brings their artwork into Invego homes. Each new home buyer receives a work from a young Estonian artist. The partnership includes exhibitions, auctions (Estonian Young Art Auction on May 15, 2026; Latvian Young Art Auction on June 3, 2026), and cultural events at Invego properties.
• Pillar Contractor (SIA Pillar Contractor)coreImplementation/ SI/ Consulting Partner · 15 April 2026SIA Pillar Contractor is the construction contractor for the Vītolu Parks development in Riga, Latvia. The first two buildings reached their full height in April 2026. Pillar Contractor SIA Chairman Jānis Lāčaunieks stated that achieving the highest point of the building is always symbolic, representing that a significant portion of work is already done. First homes at Vītolu Parks are planned for 2026.
• RUUME arhitekticoreStrategic or Co-development Partner · 8 April 2026RUUME arhitekti is the Latvian architectural firm behind the Vītolu Parks and Tornakalna Terases projects. Architect Oskars Vāvere from RUUME arhitekti explained that architecture and outdoor space are treated as a unified whole from the beginning. Notably, the architect of Vītolu Parks purchased a home in the same development — cited by Invego CEO as a strong validation of project quality.
• NOBE EngineersmoderateStrategic or Co-development PartnerNOBE engineers collaborate with Invego on integrated residential developments. Viljar Arakas, Chairman of Management Board at NOBE, described the partnership as a powerful tandem: 'The experience of NOBE engineers and Invego's vision form a truly powerful tandem in this collaboration.' NOBE has been cooperating with Invego since the Lucca Kodu development, a partnership spanning nearly 15 years.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Merko Ehitus: Largest listed Estonian construction and residential real estate group, also active in Latvia and Lithuania. Closest scale-comparable Baltic peer with overlapping residential development pipeline, contractor relationships, and listed-bond financing experience.
• Hepsor: Estonian residential and commercial real estate developer listed on Nasdaq Tallinn. Develops integrated apartment projects and commercial premises in Estonia and Latvia with a similar design-forward philosophy and similar project size band to Invego.
• Pro Kapital Grupp: Baltic-focused real estate developer with premium residential and mixed-use projects in Estonia and Latvia. Comparable integrated quarter design approach and similar end-buyer target market as Invego.
• Kaamos Kinnisvara: Estonian real estate developer active in residential and commercial segments, with comparable project scale and direct overlap in the Tallinn-area housing market where Invego's Luccaranna, Uus-Järveküla and Keila Pargikodud compete for buyers.

Broad incumbents

• Bonava: Swedish-listed residential developer (spun off from NCC) with pan-Nordic and German operations including Baltic market exposure. Operates at significantly larger scale than Invego but competes for the same tier of suburban integrated housing buyers.
• YIT: Finnish-listed construction and real estate development group with residential operations across the Nordics and Baltic states. Overlaps with Invego in design-quality apartment development and integrated community planning, though at much larger scale.

Others

• EfTEN Capital: Estonian real estate investment manager and Invego's largest disclosed institutional partner (80% stake in Uus-Järveküla 2 OÜ, co-investor in Mârupes Sirds). Not a direct competitor but a key capital and validation partner whose strategy in Baltic residential aligns with Invego's positioning.
• Ober-Haus Real Estate Advisors: Largest Baltic real estate brokerage and consulting group with deep Estonian, Latvian and Lithuanian market data and brokerage capabilities. Adjacent enabler rather than developer competitor, but operates in the same residential transactional ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/invego.ee
• LinkedInlinkedin.com/company/invego
• Instagraminstagram.com/invego.eesti

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Invego