Latvia's INDEXO draws €3M from Draugiem founder ahead of Stockholm listing

What's the deal? INDEXODealroom has a profile for this one. Try Dealroom →, a Latvian financial services group, has raised €3 million from Lauris LibertsDealroom has a profile for this one. Try Dealroom →, founder and co-owner of Draugiem GroupDealroom has a profile for this one. Try Dealroom →. The investment was made on October 23 through his investment company SIA Pirmdiena, which acquired 1,200,000 newly issued shares at €2.5 each in a closed share issue.

Why now? The investment lands as INDEXO prepares a listing on the Nasdaq First North Growth Market in Stockholm. It follows a directed share issue announced in July that drew Swedish and international investors, including Alexander af Jochnick and Seumas Dawes.

What's the endgame? INDEXO comprises pension management firms, INDEXO Bank, and DelfinGroupDealroom has a profile for this one. Try Dealroom →. Its pension companies manage €1.7 billion for more than 162,000 customers in Latvia; the bank, licensed by the European Central Bank, serves over 70,000 customers with deposits above €167 million and a loan portfolio exceeding €139 million.

The group reached profitability in the first quarter of 2026, with record pension assets under management reported in the second quarter.

The signal: Liberts' backing marks another vote of confidence from a prominent Latvian technology entrepreneur as INDEXO widens its investor base. The capital reinforces the group's push toward deeper access to capital markets and greater share liquidity through its planned Stockholm debut.

Read more: hk.marketscreener.com

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