Latvia is one of the Europe’s entrepreneurial hotspots, ranking third after Estonia and Sweden. In terms of total early entrepreneurial activity in Europe it is the first, according to World Economic Forum.
Europe's leading startup magazine the Hundert in 2016 listed the most interesting European startups established by women and three Latvians were included.
An important stimulus is the new startup law, including a special tax regime.
The total amount of investments in start-ups in Latvia (since ~2010) is €148M, 76% from foreign investors and 24% from local investors. 2/3 of total funding was attracted by Fintech start-ups, and 40 investments were over €1M per company.