# Buildit Accelerator

Buildit Accelerator is an Asset Manager based in Riga, Latvia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Riga, Latvia
- **Region:** Europe
- **Address:** Brivibas 43, Riga, LV-1050, Latvia
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** www.buildit.lv
- **LinkedIn:** https://www.linkedin.com/company/buildit

## Regulatory record

- **Reports private funds:** No

## About

Buildit Accelerator is a venture capital fund and accelerator specializing in hardware and IoT startups. Founded in 2013, it has run 18 batches and invested in over 100 startups, offering preseed investments up to €250k and seed stage investments up to €1.5M. The firm is raising a new €20M fund with first investments planned for Q2 2025.

## Sectors

- IoT
- Hardware

## Offices

- Tartu, Estonia

## People

- Matiss Neimanis — Managing Partner / CEO
- Rene Tonnisson — Founding Partner
- Arta Beitāne — Partner
- Zigmārs Reklaitis — Partner

## Questions

### Who runs investment decisions at Buildit Accelerator?

Matiss Neimanis serves as Managing Partner and CEO. Rene Tonnisson acts as Founding Partner. Arta Beitāne and Zigmārs Reklaitis hold Partner roles.

### How does Buildit Accelerator source proprietary deal flow?

The firm participates in Garage48 hackathons and TechHub Riga events. It maintains a standing relationship with LatBAN for co-investment opportunities.

### Does Buildit Accelerator participate in fund commitments or only direct deals?

Buildit focuses on direct seed and early-stage investments. No fund commitments are recorded in available data.

### What investment stages does Buildit Accelerator typically target?

The firm targets seed and start-up rounds. It supports companies through prototyping facilities in Tartu.

### Where does Buildit Accelerator maintain physical operations?

Headquarters sit at Brivibas 43 in Riga. An additional office and prototyping facilities operate at Tartu Science Park in Estonia.

## Related profiles

- [Building Ventures](https://altss.com/profile/building-ventures)
- [Buildtech Ventures](https://altss.com/profile/buildtech-ventures)

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Last updated: 2026-07-10T21:01:29.000Z

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