SIA Vizulo receives €4 million in funding from Signet Bank for development

Latvian LED lighting solutions manufacturer SIA Vizulo has secured €4 million in financing from local bank Signet Bank to develop energy-efficient and sustainable lighting solutions and strengthen the company's competitiveness in international markets. 

SIA Vizulo specializes in the production of energy-efficient LED luminaires, offering solutions for street, landscape, commercial, industrial, and architectural lighting. The company was founded in 2012 and has since grown rapidly, gradually expanding its production capacity and export markets. Currently, SIA Vizulo has 160 employees, and the lighting solutions manufactured in Iecava, Latvia, are exported to 47 countries around the world.

Jānis Zeltiņš, Chairman of the Board of SIA Vizulo, said of this important step: “The financing will allow Vizulo to continue investing in the development and launch of new products in strategically important segments for the company – urban design lighting, as well as industrial lighting for airports, ports, and sports infrastructure. In recent years, we have been working consistently on the development of outdoor design products, and in 2026 we plan to launch several new products in this series on the market.”

“At the same time, Vizulo solutions have already gained international recognition in the industrial outdoor lighting segment and have been installed in several airports around the world. One of the most current projects is in Australia – the newly built Western Sydney Airport, where the aircraft aprons are illuminated with Vizulo Eagle series projectors. This year, we also plan to introduce several significant improvements in this product category, including new design and construction solutions," says Zeltiņš.

“It is important for us to support Latvian companies that are able to compete successfully in international markets thanks to their expertise and ambition. The financing provided to SIA Vizulo is an investment in the company's growth, innovation, and export capacity, which also contributes to the development of Latvia's economy and employment," says Ineta Done, Member of the Board, Signet Bank.

About SIA Vizulo:

SIA Vizulo is a Latvian manufacturer of LED lighting solutions specializing in energy-efficient luminaires for street and area lighting, commercial, industrial, and architectural lighting. The company was founded in 2012 and its production facilities are located in Iecava, providing a full cycle from development and design to manufacturing and installation. Vizulo solutions are used in various infrastructure projects, including industrial areas and sports facilities, and are exported to nearly 50 countries.

About Signet Bank:

Signet Bank is Latvia's leading investment bank, founded in 1991 and one of the first independent banks in Latvia. Signet Bank offers sustainable financing and investment solutions to local entrepreneurs and companies. Since 2021, Signet Bank has attracted additional financing of EUR 1 billion for more than 50 Latvian companies through bond and share issues, while new lending transactions amounted to EUR 500 million. In 2024, the financial resources under management reached EUR 1.6 billion. Signet Bank is the leading organizer of corporate bond and share issues in Latvia and one of the leading stock exchange brokers in the Baltics. Signet Bank's shareholders are twenty-four Latvian and international private investors, the largest of which are Signet Acquisition III (22%), whose sole shareholder is US investor Alexander Solovey, SIA Reglink (14%), founded by banking professional Irīna Pīgozne, and AS RIT Group (11%), a Latvian company owned by the Rapoport family.