Unitoq, a Latvian proptech startup, has closed a €155,000 pre-seed funding round led by a syndicate of business angels, including members of the Latvian Business Angel Network (LatBAN). The capital injection will support the company’s licensing process, platform development, and preparation for market entry.
Based in Riga, Unitoq is building a digital investment platform designed to lower barriers to residential property ownership. The platform allows individuals to construct diversified real estate portfolios with investments starting from as little as €100, eliminating the substantial capital requirements traditionally associated with property investment.
Addressing Market Barriers
Unitoq founder Eduards Raudonis explained the company’s core mission: “Owning a rental property has built wealth for generations, but the high entry ticket and the hassle of managing it are simply too much for most. Unitoq opens that opportunity up to many more people, letting them build a diversified real estate portfolio straight from their smartphone.”
The startup’s approach recognizes a significant gap in the European investment landscape. While real estate has historically been an effective wealth-building tool, the combination of high upfront costs and ongoing management complexity has excluded many potential investors. By tokenizing residential properties and enabling fractional ownership, Unitoq aims to democratize access to this asset class.
Regulatory Path and Expansion Plans
The company is pursuing an European Crowdfunding Service Provider (ECSP) licence, which would permit operations across European Union member states under a unified regulatory framework. This licensing approach signals Unitoq’s ambitions for cross-border expansion beyond Latvia’s borders.
The startup plans to launch its platform in early 2027, with the current funding round earmarked for regulatory compliance, technology development, and acquisition of initial investment properties. Following the platform launch, Unitoq intends to pursue a subsequent seed funding round to accelerate growth.
Broader Ecosystem Context
The funding round reflects growing investor interest in European proptech solutions that leverage digital technology to address traditional real estate market inefficiencies. As European startups increasingly explore regulated crowdfunding models for real estate, initiatives like Unitoq demonstrate how emerging platforms are reshaping access to property investment.
Latvia’s participation in this trend highlights the Baltic region’s growing prominence in fintech and proptech innovation. The involvement of LatBAN signals that local angel networks are actively supporting early-stage ventures in the alternative investment space, contributing to the broader European startup ecosystem’s development in regulated finance sectors.