AISPECO is a Lithuanian company, which provides geospatial monitoring systems for helicopters, planes, UAVs, and terrestrial vehicles. The company has developed a versatile platform where its operator can combine multiple different sensors (cameras, LiDAR scanners, etc.) depending on the monitoring parameters and the object’s specifics. Currently, AISPECO’s product is used by power line operators like Elia group, Manitoba Hydro, Geodigital, and others. The aim of this financing round is to enter new markets and expand horizontally in different industries, for example, railway and gas pipeline inspections.
“This is our first cooperation with a venture capital fund outside the Baltics. The interest from foreign venture capital funds regarding possibilities to invest in the Baltic companies is on the rise, and it is a nice indicator that the market is active and more foreign investments can be expected soon.” Capitalia’s Juris Grišins shares his experience.
In total, Aispeco attracted a little over EUR 1 million in this financing round from the lead investor Superhero capital, 70Ventures, and Capitalia.
This is the seventh investment that Capitalia Co-investment Fund has made since its foundation at the end of 2021. Therefore, investment in Aispeco was preceded by successful investments in Aerones, Bolt, Cenos, Favro, Inzmo, and Scratcher. In order to continue supporting fast-growing European startups, Capitalia Co-Investment Fund is actively fundraising and attracting more investors with a minimum investment amount of EUR 25,000.