LIAA and ALTUM Funding Recipients: 25+ Companies, Projects and Real Amounts

Verified: 19 August 2026 · 25+ companies · Official LIAA and ALTUM sources only

How much funding do Latvian companies actually receive through LIAA and ALTUM programmes? And what do they use it for?

This article is part of the Juice Digital Agency guide series covering LIAA, ALTUM and business funding opportunities in Latvia.

Programme descriptions often focus on maximum limits - EUR 25,000, EUR 200,000, EUR 1 million or even EUR 10 million. But the maximum programme limit does not tell you what an individual company actually received.

Juice Digital Agency therefore reviewed official LIAA and ALTUM data and compiled real examples of companies with published funding figures.

This article shows:

• the company;
• the funding instrument;
• the granted loan amount;
• the capital rebate where officially published;
• the project scope where an official source describes it;
• what these examples mean for businesses planning digitalisation, AI, SaaS or another technology project.

IMPORTANT: this is not a list of companies that all received funding specifically in 2026. Some agreements were signed earlier. We use the latest publicly available official data and never assign an individual amount to a company unless the official source publishes it.

The short answer: what amounts are we talking about?

Support volumes in Latvia vary widely. One project may involve a few tens of thousands of euros for innovation development, another several hundred thousand for company digitalisation, while large-investment programmes reach several million euros.

• FOREVERS - digitalisation project of about EUR 2.2 million; ALTUM loan in the capital rebate amount of EUR 566,410.84.
• LV Timber - digitalisation project of about EUR 403,000; ALTUM loan EUR 298,820.54; capital rebate EUR 116,652.55.
• CEWOOD - investment project of EUR 16.5 million; ALTUM loan with capital rebate EUR 4.947 million.
• Stiga RM - EUR 34 million investment into a new automated plant; EUR 4.5 million raised through the LIAA/ALTUM instrument.

These examples show why there is no single universal “LIAA funding amount”.

25+ companies that received ALTUM digitalisation funding

ALTUM publishes an official recipient list for its business digitalisation programme. The figures below are taken directly from ALTUM data.

OFFICIAL SOURCE: ALTUM support recipient list, status as of 31 July 2025. View the official ALTUM dataset ↗

What does a capital rebate mean?

“Granted loan” and “capital rebate” in the table are not the same thing. Under the ALTUM digitalisation instrument a company receives a loan to implement its project.

If the programme conditions are met, part of the loan principal can be reduced - this is the capital rebate. It can therefore be seen as the actual state-support element inside the loan structure, but applying it depends on meeting the programme conditions.

What did companies actually digitalise?

The official recipient list gives precise financial data, but it does not describe the technical scope for every company. We therefore describe project scope only where ALTUM or LIAA has published it separately.

FOREVERS - a EUR 2.2 million digitalisation project

In ALTUM's published example, the FOREVERS project was worth about EUR 2.2 million. The ALTUM loan in the capital rebate amount: EUR 566,410.84.

The project included four IT and communications process improvements and nine investments linked to production digitalisation and productivity. Improvements covered:

• the company's IT infrastructure;
• servers;
• video surveillance infrastructure;
• an automated alcohol testing and access control system;
• several production processes.

This is a good example of why “digitalisation” means far more than a new website. Official source - ALTUM ↗

LV Timber - automated and digitalised manufacturing

Total project value: EUR 403,000. ALTUM loan: EUR 298,820.54. Capital rebate: EUR 116,652.55.

LV Timber's project aimed to improve plant efficiency and competitiveness through digital solutions. ALTUM notes that the board cross-cutting process was substantially automated and digitalised. The result:

• more efficient production;
• lower material losses;
• less manual work;
• improved workplace safety;
• potentially faster order fulfilment.

Official source - ALTUM ↗

Large investment programmes: support measured in millions

The digitalisation programme is not the only example. LIAA and ALTUM also run a large-investment loan programme with a capital rebate. Across the first three rounds, 23 agreements were signed for a total of EUR 153 million in state support.

ALTUM's official materials list the following among recipients: CEWOOD, Stiga RM, Olpha / Olainfarm, PATA Jēkabpils, Avoti, Hornbaek Baltic, Rettenmeier Baltic Timber, Forevers, Tet, Brabantia Latvija, Krauss, ASNS Ingredient, Valmieras stikla šķiedra, Lūsēni, Ercon, Pet Science Develop, Vudlande, Palleteries, Baltic Dairy Board, Verems.

The official data also documents a separate EUR 4,500,000 agreement for Stiga RM, and two documented agreements of approximately EUR 10 million each for ASNS Ingredient. These amounts are loans granted under the programme with a capital rebate mechanism, not grants.

CEWOOD - a EUR 16.5 million project

CEWOOD is one of the examples where ALTUM publicly discloses not only the funding amount but the entire project financing structure.

• Total investment: EUR 16.5 million.
• ALTUM loan with capital rebate: EUR 4.9 million.
• Company co-financing: EUR 3 million.
• Luminor financing: EUR 8.5 million.

The project covered a new production facility, new manufacturing and post-processing equipment, and a substantial capacity increase. Official source - ALTUM ↗

Stiga RM - EUR 34 million investment, automation, robotics and AI

In 2026 Stiga RM opened a new acoustic panel plant in Tukums. Total investment: EUR 34 million. Raised through the LIAA and ALTUM large-investment programme: EUR 4.5 million.

• a fully automated production process;
• a high level of robotics;
• artificial intelligence solutions.

This shows how broad “digitalisation” can be. From a website to AI-driven manufacturing, these are projects of very different scale that require different support instruments.

What do these examples show?

1. Digitalisation funding is not only about websites

The official examples cover IT infrastructure, servers, process automation, production digitalisation, data solutions, AI, robotics and automated systems. A website or e-commerce platform can be part of a digitalisation project, but on its own it does not establish eligibility.

2. Funding size is directly linked to the substance of the project

Some projects are worth a few hundred thousand euros. Others exceed EUR 10 million. So the starting question should not be “how much money can I get?” but “what do we want to build and what business result will it deliver?”.

3. A loan, a grant and a capital rebate are not the same

This is one of the most common misunderstandings. The LIAA Innovation Voucher is a different instrument from an ALTUM digitalisation loan, and an ALTUM loan with a capital rebate differs from an ordinary bank loan. Before starting a project, clarify:

• the total project budget;
• which support instrument applies;
• the company's own share;
• when funding is disbursed;
• which conditions must be met for the capital rebate to apply.

What does LIAA support for smaller digital companies?

Most precise individual amounts in this research come from ALTUM, because ALTUM maintains a detailed public recipient dataset. LIAA publishes many company stories that clearly show project scope, but the individual amount is not always stated. Officially documented LIAA examples include:

• RedFrog - new navigation software;
• WATERIGA Technologies - a computer vision solution;
• instadial - an AI voice assistant;
• Adsmom - an AI and MarTech platform;
• THEO Growth - AI for competitor analysis;
• Allockate - software plus IoT;
• SUBmerge Baltic - autonomous underwater drones;
• InPass - IoT, data analytics and process monitoring.

These examples show that the LIAA support ecosystem also includes SaaS, AI, software and other digital products. We do not state an individual support amount unless LIAA has published it in the relevant official source.

Can LIAA funding cover website development?

In some cases, yes. But there is no universal programme that automatically funds any company website. We analyse this in detail here: Can you get LIAA funding for website development in 2026? →

How to apply for an LIAA Innovation Voucher?

If you are developing a new product or technology, one relevant instrument is the LIAA Innovation Voucher programme. We explain the process step by step here: How to get the LIAA innovation voucher in 2026 →

Where to find current programmes?

Programme statuses change. The Juice Digital Agency Funding Hub keeps track of current LIAA and ALTUM instruments for digitalisation, innovation and other digital projects.

Could your project be next?

If you are planning a website, e-commerce solution, SaaS platform, digital product, UX/UI, AI, automation or another technology project, tell Juice Digital Agency about it. We can help structure the digital scope, prepare the technical solution and assess how Juice Digital Agency may participate in implementation under the requirements of the relevant funding programme.

Juice Digital Agency does not make decisions on granting state support and does not guarantee that funding will be received. Programme conditions and availability may change.

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