Proks Capital

Overview

Proks Capital is a Latvian venture capital firm investing in innovative, high-growth projects globally, focusing on early to growth-stage companies with a smart money approach. The firm targets patent-backed technology startups and has led rounds in audio-calibration software firm Sonarworks, which raised €7.8 million and became the only Latvian startup to close a Series A, and nano-coating developer Naco Technologies, acquired by Germany's Schaeffler Group in 2015. Both deals involved multi-round participation and board-level oversight from Prohorovs. The real-asset book includes a 10,567 sqm Class-A warehouse on Granīta iela 17, acquired in 2023 and leased to Japanese-owned paper wholesaler Antalis — one of the largest industrial transactions in Latvia that year. Proks Capital operates from headquarters in central Riga and holds additional industrial properties at Gunāra Astras iela 8B as part of the Proks Group inventory. Close family member Andrejs Prohorovs serves as a shareholder and board member across group entities. In 2023, Proks Capital closed the acquisition of the Granīta iela 17 warehouse complex, signaling continued deployment into hard assets alongside its venture book. Anatolijs Prohorovs regularly publishes academic research on Baltic competitiveness and European tax policy while contributing to Forbes Latvia, positioning the firm's investment lens within a macro-policy framework. Proks Capital's structure does not follow standard venture-fund timelines or defined fund vehicles. Deals are made directly from the balance sheet, allowing the firm to hold positions indefinitely and participate across the capital structure — from patent-stage seed rounds to multi-million-euro industrial acquisitions — without fundraising pressure. The combination of academic economic research, family ownership, and an all-equity balance sheet creates a capital-deployment speed uncommon among Baltic private investors.

Investment Focus

• Global market orientation
• Tech-based defensibility (preferably patents)
• Founding team fully dedicated to the company

Portfolio Companies