About Balta
Balta is a company based in Riga (Latvia) founded in 1992 was acquired by SEB in June 2005.. Balta has raised $10.38 million across 2 funding rounds from investors including SEB and IFU. Balta offers products and services including OCTA, KASKO, Mājoklis, and Ceļojumi. Balta operates in a competitive market with competitors including Intact Ventures and PANDI BALT, among others.
- Headquarter Riga, Latvia
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Aas Balta
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Products & Services of Balta
Balta offers a comprehensive portfolio of products and services, including OCTA, KASKO, Mājoklis, and Ceļojumi. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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 Total Funding
- Total Rounds 2
- Last Round Series B — $10.4M
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First Round
First Round
(01 Jun 1992)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2001 | Amount | Series B - Balta | Valuation | IFU |
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| Jun, 1992 | Amount | Debt – Conventional - Balta | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Balta
Balta has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include SEB and IFU. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Commercial banking services are provided in Latvia by SEB.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Balta
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Balta
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Balta Comparisons
Competitors of Balta
Balta operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intact Ventures and PANDI BALT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
Provides marine insurance, P&I correspondents, and claims services in Baltic States.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Balta
When was Balta founded?
Balta was founded in 1992.
Where is Balta located?
Balta is headquartered in Riga, Latvia.
Who is the current CEO of Balta?
Iain Kennedy is the current CEO of Balta.
Is Balta a funded company?
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 01, 1992.
What does Balta do?
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.
Who are the top competitors of Balta?
Balta's top competitors include Intact Ventures and PANDI BALT.
What products or services does Balta offer?
Balta offers OCTA, KASKO, Mājoklis, and Ceļojumi.