Participated · Equity · Feb 2023

Aiir Innovations builds AI-driven visual inspection software for aircraft engines. The company works with customers including KLM Airlines, Waygate Technologies, and MTU Leasing Services. It is led by CEO Bart Vredebregt and CTO Miriam Huijser. The startup raised €2M in funding in a round led by VC fund Borski Fund, with participation from HearstLab Europe and Mainport Innovation Fund. Aiir plans to use the proceeds to grow its remote-first team, expand globally, and set a new standard for engine inspections. The company was selected for the Boeing-supported Aerospace Xelerated program and won the Lufthansa Technik Philippines Startup Challenge. Aiir Innovations is a Dutch startup developing AI-powered inspection software for aircraft engines. Its software helps mechanics detect anomalies—cracks, dents and foreign objects—and immediately processes findings into a digital report. The company says the tool can reduce inspection time by 25%, addressing airline safety and time-constraint pressures. Aiir recently secured €500,000 from Mainport Innovation Fund II to further develop the product and support expansion. Mainport Innovation Fund II is an initiative of Schiphol, KLM, TU Delft, NS and the Port of Amsterdam and focuses on accelerating innovations in logistics, aviation and transport. Aiir plans to use the investment to expand abroad and improve the product, while preparing to meet certification, regulatory and large-scale implementation challenges.

Participated · Series A · Jun 2021

RazorSecure develops and deploys cybersecurity solutions designed to protect railway systems and critical infrastructure from malicious intrusion. Founded in 2015 and based in the UK, its customers include train manufacturers and operators such as Siemens, Northern Trains and West Midlands Trains. The company plans to expand into Europe and North America over the next five years and expects to create at least 67 new jobs in the UK. RazorSecure has a memorandum of understanding with the University of Birmingham’s Birmingham Centre for Railway Research and Education to improve railway cybersecurity. Financially, the company has secured investment and prior funding from Frontier Development Capital, including a £750,000 loan in 2018. The recent funding will support continued staff and product development and international expansion into the global rail market. RazorSecure is a rail-focused cyber-security company that develops machine-learning detection platforms and an EN50155-approved Security Gateway for train manufacturers and operators. Founded in 2015 and headquartered in Basingstoke, the company supplies solutions for onboard and trackside applications and has been deployed in over 1,600 rail vehicles, protecting more than 30 million passenger journeys. Customers and partners include Arriva, Icomera and Northern Trains, and the company reports it has doubled its team in the past 12 months. RazorSecure’s product suite detects operational deviations in control systems rather than focusing solely on data protection. The company plans to use the latest funding to expand its global presence and further develop protection for a growing number of rail customers. RazorSecure develops AI-based cybersecurity software that models typical system behavior and detects deviations as potential threats, enabling protection of transport systems without requiring a permanent internet connection. Its primary customers are in the rail and aviation sectors, and it has worked with operators and suppliers including Arriva, Icomera, Nomad Digital and VT Miltope. The company says its approach minimizes successful hacks while remaining effective for the life of a system. RazorSecure plans to use new funding to expand internationally and enter adjacent sectors such as automotive and shipping. The business intends to more than double its team from 12 to 27 people to deliver that strategy. Founded in 2015 and headquartered in Basingstoke, the company aims to leverage investor strategic support as it grows.

Led · Equity · May 2021

GRASP Innovations develops an advanced radar system combined with proprietary software to automate repetitive airport security tasks and provide actionable performance insights. The solution is GDPR compliant and aims to increase security capacity while shortening passenger queue times. The company positions its product to accelerate the transition to fully autonomous security processes and to improve staff planning. GRASP is currently focused on aviation but also serves other security operations customers such as banks and high-value environments. The startup raised €550K to further develop and roll out its product globally. GRASP is Utrecht-based and anticipates demand as air traffic returns toward pre-crisis levels between 2023 and 2025.

Participated · Equity · Apr 2019

SupplyStack offers an online platform that enables supply chain operators to plan and monitor transport orders in real time. Launched in 2013 and based in Antwerp, the company serves shippers and logistics companies with transport-management and real-time monitoring tools. It focuses on improving customer experience and supply chain collaboration for supply chain and customer service departments. The company raised €5 million in a funding round announced in the article. Investors in the round included Participatiemaatschappij Vlaanderen, Mainport Innovation Fund and existing investor Fortino Capital. CEO Nick Poels said the new funding will be used to tap into new European markets and pursue the goal of turning the supply chain into a competitive differentiator and putting the end customer first.

Participated · Equity · Jan 2019

ViriCiti is a telematics platform for electric and mixed bus fleets, founded in Amsterdam in 2015. The platform provides real-time insight into vehicle status and monitors charging infrastructure. It helps operators charge vehicles at the right time and avoid peak demand fees. The company claims to serve over 50% of the electric bus market in Europe and the US and lists customers including Stanford University, New York City Transit, Toronto Transit Commission, and a Silicon Valley technology company that ordered 500 systems. ViriCiti runs an office in South Carolina to serve customers and plans to use new capital to expand further into North American markets. ViriCiti offers a cloud-based monitoring system that collects telemetry from electric buses and trucks and translates it into actionable insights for bus operators, OEMs and public-transport authorities. Its platform is already in use by operators in 12 countries and by customers including BYD, Proterra and Optare. The software is used to increase vehicle range and uptime, improve scheduling accuracy and enable preventive maintenance to reduce operating costs and improve reliability. ViriCiti says it is market leader in Europe and North America and has expanded across Europe and the US. The company announced an investment of €700,000 from Mainport Innovation Fund II and Breesaap Green Link to accelerate international expansion and grow its salesforce. Management highlighted a deployment with BYD operating 35 e-buses at Schiphol as an example of commercial traction.