Buildit Accelerator
General contacts
Investor type
VC
Founded
2013
AUM
$21 M
Location
Riga, Latvia
$0-1 m
Investment Ticket
3-5 years
Investment Horizon
Seed
Investment Stage
Sale to strategic investor,
IPO
Exit Strategy
Investor profile last updated: 27 July, 2026
Profile
Buildit is an accelerator that supports hardware and IoT startups in turning an idea into a tangible, market-worthy product.
Our experience is based on 10 acceleration programs that have been run in Estonia (2014) and continued in Latvia since 2018.
Our program is specifically designed for IoT and hardware startups according to the current situation. We think that four intensive weeks were are covered four main topics during the four months is what is needed for IoT / hardware startup to be ready to raise the Seed investment they deserve.
Industry
Region of investment
Buildit Accelerator Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Buildit New Fund (20M EUR)
|
Venture Capital (VC)
|
Hardware
Healthcare Services
Software
Internet of Things (IoT)
|
Pre-seed
Seed
|
Europe
|
$5-10 m
|
$21 M
|
January 2025
|
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FAQs about Buildit Accelerator
Where is Buildit Accelerator located?
Buildit Accelerator is located in Riga, Latvia.
When was Buildit Accelerator founded?
Buildit Accelerator was founded in 2013.
What sectors and industries does Buildit Accelerator invest in?
Buildit Accelerator invests in companies and startups in Fashion/Beauty, Foodtech, Healthcare Services, Medical Devices, Robotics, Sports/SportsTech, Transportation, Energy, HealthTech, Hardware, Software, Internet of Things (IoT).
What is Buildit Accelerator geographical focus of investments?
Buildit Accelerator invests in companies and startups in Europe.
At what stages of companies and startups does Buildit Accelerator typically invest in?
Buildit Accelerator invests in companies and startups at Seed.
What is the usual amount of Buildit Accelerator investment?
Buildit Accelerator usually invests $0-1 m on average.
What is the amount of assets of under management (AUM) for Buildit Accelerator?
Buildit Accelerator has around $21m assets under management.
When was Buildit Accelerator last fund created?
Buildit Accelerator last fund was created/launched in 2025-01-01