Data analytics company Repsense has attracted additional investment from existing investors: venture capital funds Coinvest Capital, Iron Wolf Capital, and BSV Ventures, as well as four co-investing angel investors, are committing €425,000 to fuel the next stage in company's growth.
"When we invested in Repsense last autumn, we had agreed on an extension if the company meets its objectives," said Viktorija Trimbel, Managing Director of Coinvest Capital, the fund that led this investment round. "We are delighted with the progress made by the Repsense team in successfully exploiting new opportunities in the market along the way, and we have agreed to extend the investment together with the other venture capital funds and the experienced business angels joining us".
Repsense, developing its own artificial intelligence-based big data external information analysis platform for Adler, has raised more than one million investor funds. Repsense was co-founded by Alfredas Chmieliauskas, an internationally renowned data scientist, and Mykolas Katkus, a renowned communications expert.
The company's AI-driven platform Adler is trusted by businesses, NGOs, and organizations across Lithuania and beyond. It supports media monitoring, online reputation analysis, prioritization of critical financial information, and detection of disinformation. Recent advancements include new capabilities for social media and podcast analysis, further enhancing Repsense solutions. In November, Repsense also started monitoring, evaluating and providing insights on social media and podcasts.
This funding round is set to fuel the next steps: scaling technology and expanding globally.
About Coinvest Capital
Coinvest Capital is an early-stage venture capital fund set up by the national development bank ILTE with public funds from the EU and the Republic of Lithuania. Together with business angels and other venture capital funds, the fund invests in promising start-up companies that create value for Lithuania. Currently, the Fund and its private partners have already invested nearly €36 million in 37 companies. As part of its mission to foster the innovation investment ecosystem, the Fund offers a unique profit-sharing program, limiting its return on investment to 4-8% per annum. In the event of a successful sale of the investment, the Fund distributes profits above this limit to accredited private co-investors. Of the €44.3 million of committed capital held in trust for the Fund, free capital for new investments (dry-powder) amounts to €21.6 million.
More information:
Mykolas Katkus
"Co-founder of Repsense
+37068568092
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