Lithuanian Strato Create attracts €167.4K investment

Architecture, engineering and construction startup Strato Create has raised an investment of €167.4K to expand into foreign markets and develop the functionality of its construction project automation technology. Lithuanian venture fund Coinvest Capital and three business angels with industry experience participated in the round. 

Strato Create is a startup that has created an AI-based platform to automate the process of designing, valuing and selling homes. It simplifies the design process, provides more accurate value estimates and enables sales through 3D visualization. The Strato Create team has also developed one of Europe's largest 3D printers for this purpose. The startup was founded in 2019 in Vilnius.

Coinvest Capital, an early stage venture capital fund established in 2018 by the national development bank ILTE, invests EU and Republic of Lithuania public funds, in promising Lithuanian startups. Since its inception, the fund and its partners have already invested €37.9M in 39 startups.

According to Viktorija Trimbel, head of Coinvest Capital, Strato Create already has clients in Lithuania, but the fund hopes that the new investments will help the startup to expand its activities abroad, especially since no one else in the world has such a tool. Coinvest Capital's share in the investment in Strato Create amounted to €125K.