Proks Capital

Anatolijs Prohorovs, the firm's founder and managing partner, leads investment decisions. He holds a doctorate in management science, serves as a professor at RISEBA University, and relies on his own analytical framework — he publishes regularly on Baltic economic competitiveness and is a former board member of the Latvian Venture Capital Association. His family member Andrejs Prohorovs acts as shareholder and board representative in group entities, but Anatolijs is the sole public-facing investment lead.

Deal flow appears to originate from Prohorovs's unusually deep embeddedness in Latvia's startup infrastructure. He was a board member of the Latvian Venture Capital Association from 2011 to 2017, remains an active member of the Latvian Business Angels Network, and co-founded the Innovation Support Fund. The firm's ventures — Naco Technologies and Sonarworks — both came through multi-round local bridge and venture rounds rather than competitive international processes.

It operates as a single-family investment company without defined fund vehicles, drawdowns, or external limited partners. While its website describes 'smart investments in Latvian business,' no references to outside capital or co-investor structures appear in public materials. The firm holds assets directly from the Proks family balance sheet and board participation extends across both operating companies and real estate.

No public filings or disclosures indicate any third-party fund commitments. The firm makes direct venture equity investments, provides mezzanine financing to later-stage companies, and acquires physical commercial and industrial real estate assets — all held directly by Proks entities.

In venture, Proks targets the seed and early startup stages, expressed as both venture capital and angel-style checks. Its investment criteria explicitly require global market orientation, tech-based defensibility (preferably patents), and a founding team fully dedicated to the company. In real estate, the firm goes after large-scale stabilized industrial assets, such as the Granīta iela 17 warehouse it acquired in 2023.

Proks Capital sits within a wider Proks Group, with Anatolijs Prohorovs acting as managing partner of the capital arm and his family member Andrejs Prohorovs listed as a shareholder and board member across multiple group entities. The group controls several industrial properties in Riga, including the headquarters at Tērbatas iela 53-1 and a warehouse at Gunāra Astras iela 8B.

The firm is linked to the Innovation Support Fund (Inovāciju atbalsta fonds), a philanthropic foundation that Anatolijs Prohorovs co-founded. Publicly available information does not detail the firewalls between the foundation and the investment company's balance sheet, though Prohorovs's academic and non-profit activities appear to run in parallel to the capital deployment operation.