Coinvest Capital Leads Funding to Boost Deployments in Taiwan, Belgium, Italy, and Poland. Pixevia, a Vilnius-based AI retail technology leader, has raised €340,000 as a bridge round extension to accelerate its global expansion across Europe, the APAC region, and the US.
The lead investor, CoInvest Capital, contributed €170,000, with additional funding from both existing and new investors, including business angels Vladas Lašas, Renaldas Zioma, Rita Sakus and Vytenis Benetis.
Viktorija Trimbel, Managing Director at Coinvest Capital: “Pixevia’s capacity to innovate has been remarkable. Our partnership with Pixevia aligns seamlessly with our mission to back technology-driven ventures that disrupt industries. This funding round reflects our confidence in Pixevia’s AI solutions and their potential to become a global leader in retail transformation.”
“This funding allows us to allocate more resources to specific countries and accelerate deployments, reaffirming our dedication to revolutionizing retail with AI-powered technologies,” said Mindaugas Eglinskas, Founder and CEO of Pixevia.
Pixevia develops AI solutions tailored for the retail industry, including autonomous stores and a new product line, Retail Core, which enhances store efficiency and security using standard video cameras only. Pixevia seamlessly integrates traditional brick-and-mortar retail with digital e-commerce strategies, offering deep insights into customer behavior and comprehensive visibility into store processes, performance, product availability, pricing, and advertising.
The new funding will fuel Pixevia’s ongoing rollouts in Taiwan, Belgium, Italy, and Poland, further reinforcing the company’s position in key global markets.
About Coinvest Capital:
Coinvest Capital is an early-stage venture capital fund established by the national development bank ILTE. The fund invests EU and Republic of Lithuania public funds entrusted to it, alongside contributions from business angels and other venture capital funds, in promising start-ups that create value for Lithuania. The fund's portfolio now includes 38 start-ups, with €37.7 million invested. It offers a unique profit-sharing program, limiting its return on investment to between 4% and 8% per year. In the event of a successful sale of an investment, the fund distributes profits exceeding this limit to accredited private co-investors. Of the €44.3 million of committed capital held in trust for the fund, the available capital for new investments, following this transaction, amounts to €21.1 million
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