About Balta
Balta is a Financial Services company based in Riga (Latvia) founded in 1992, and was acquired by SEB in June 2005. Property and casualty insurance is provided by Balta in Latvia. Balta has raised $10.38 million across 2 funding rounds from investors including SEB and IFU. Its chief executive, as recorded, is Iain Kennedy. Its website balta.lv draws about 46 thousand monthly visits. Balta offers products and services including OCTA, KASKO, Mājoklis, and Ceļojumi. Its focus areas include Insurance Carriers, Property & Casualty and Diversified. Its legal entity is AAS BALTA.
Company details
Balta was established in 1992 in Riga, Latvia, as a property and casualty insurance carrier. Coverage for personal and commercial risks is offered through various policies, including auto, home, and liability insurance. Operations are focused on the Latvian market, with distribution handled via agents and digital channels. The company is led by CEO Iain Kennedy, serving clients in the Baltic region with standard regulatory compliance.
Products & Services of Balta
Balta offers a comprehensive portfolio of products and services, including OCTA, KASKO, Mājoklis, and Ceļojumi.
Mandatory coverage for vehicle-related damages to others in accidents.
Voluntary protection against theft, accidents, and natural disasters for vehicles.
Coverage for home damages from fire, floods, theft, and other unforeseen events.
Assistance for travel issues like medical emergencies and lost baggage.
Apps and channels of Balta
Balta publishes 2 mobile apps with over 100K+ downloads.
Funding Insights of Balta
Balta has successfully raised a total of $10.38M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10.38 million completed in June 2001. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10.38M
- Total Rounds 2
- Last Round Series B — $10.38M
- First Round $355,150
(Jun 1992)
- Investors Count 1
All 2 funding rounds of Balta with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Balta
Balta has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include SEB and IFU.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | 1967 | ifu.dk | Copenhagen, Denmark | |
Commercial banking services are provided in Latvia by SEB. | 1993 | seb.lv | Katlakalns, Latvia |
Investor details for Balta
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Balta
1 people are tracked at Balta (1 in leadership).
| Name | Role | Group |
|---|---|---|
Iain Kennedy | CEO | Leadership |
Complete people profiles for Balta
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Balta
4 dated milestones of Balta across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Balta is founded.
- Funding First funding round of $355K.
- Funding Latest funding round, Series B, of $10.4M.
- Exit Acquired by SEB.
Web traffic of Balta
The website of Balta (balta.lv) receives about 46K visits a month and ranks #757,627 among all websites worldwide, #8,350 in Financial Planning and Management.
- Monthly visits46K
▲ 36.7% vs previous month
- Unique visitors17.7K
per month
- Global rank#757,627
among all websites
- Category rank#8,350
Finance · Financial Planning and Management
- Bounce rate44%
- Pages per visit3.0
- Average visit2 min 21 sec
- DevicesDesktop 51% · Mobile 49%
Websites whose visitors overlap most with Balta. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
baltaonline.lv | baltaonline.lv | 100% | #603,806 | – | |
bta.lv | bta.lv | 98% | #427,171 | – | |
gjensidige.lv | gjensidige.lv | 93% | #1,204,386 | – | |
if.lv | if.lv | 93% | #488,138 | – | |
ergo.lv | ergo.lv | 93% | #992,916 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 35 similar websites and full traffic analytics for Balta
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- 35 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Balta
Balta was founded in 1992.
Balta is headquartered in Riga, Latvia.
Iain Kennedy is the CEO of Balta, as recorded in our data.
Balta is a funded company, having raised a total of $10.38M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $355.15K, raised on Jun 1992.
Balta was established in 1992 in Riga, Latvia, as a property and casualty insurance carrier. Coverage for personal and commercial risks is offered through various policies, including auto, home, and liability insurance. Operations are focused on the Latvian market, with distribution handled via agents and digital channels. The company is led by CEO Iain Kennedy, serving clients in the Baltic region with standard regulatory compliance.
Balta offers OCTA, KASKO, Mājoklis, and Ceļojumi.
Balta operates through Aas Balta.
Yes. Balta was acquired by SEB in June 2005.
Yes. Balta publishes BALTA and 1 more app, with over 100,000 downloads.