BK Ventspils was founded in 1994. In first years Ventspils proved themselves as relevant part of Latvian basketball, but major step came in 1997 when
Ventspils Olympic Center was built. At that time Ventspils started to play in international competitions playing in 1997–98 edition of
FIBA Korać Cup, which was followed by playing in
FIBA Saporta Cup. Meanwhile, in the
Latvian League Ventspils reached finals in both 1998 and 1999, but in 2000 they won their first domestic title and then went on to win seven consecutive from 2000 to 2006. The team won its eight Latvian League championship in 2009. During that championship run Ventspils also had great performances in European competitions. In the 2002–03 season Ventspils reached
FIBA Champions Cup Final Four, where they finished third. In the
2003–04 season Ventspils debuted in the
ULEB Cup competition, making eighthfinals. In the
2004–05 ULEB Cup season, Ventspils reached new heights and missed semifinals after, losing by one point in two game series against
Hemofarm. Before the 2009–10 season, Ventspils participated in the
EuroLeague Qualifying round, becoming the first Latvian team to do so. Ventspils has been a team for many players to establish themselves on the European stage, such as
Mire Chatman,
Marijonas Petravičius,
Jānis Blūms,
Brent Wright, and others, who later had successful careers at the
EuroLeague level. In 2013, BK Ventspils became the first Latvian club to have won the
Baltic Basketball League, after winning the first leg by a score of 69:91, and losing the second, by a score of just 70:73, in the finals against
Prienai, from
Lithuania. In the following season, BK Ventspils won their first Latvian League title since 2009, becoming the champions of the 2014 Latvian Basketball League campaign. ==Honours==