Capitalia has invested EUR 250 thousand in an engineering simulation and modeling startup Cenos. In this financing round led by Startup Wise Guys, in total, the Latvian-based company raised EUR 1 million. Together with Capitalia and Startup Wise Guys, several business angels invested in the company as well. The proceeds of the financing round will be used to expand the team and further product development. In 2022, Cenos aims to introduce its platform for another 2 applications.   
 
Cenos was founded in 2017 by 3 Latvian PhDs, who wanted to develop simulation software that would be affordable and easy to use for every engineer. So far, Cenos has developed software for product testing for induction heating and antenna design industries.  
 
Capitalia’s venture capital co-investment fund was founded at the end of 2021, and since then has made three investments, investing under EUR 1 million already. The fund is actively seeking new investment opportunities and attracting financing from private investors. With its unique strategy of only co-investing with reputable lead investors, Capitalia offers private investors low management fees and accessible opportunities to gain exposure to the fast-developing Baltic startup field. The minimum investment in the fund is from EUR 25,000.