TLDR:
- Italian company Involve secures €2.5 million seed round for stratospheric balloon technology after successful commercial launches and testing.
- The investment is led by Earlybird Venture Capital with support from Takeoff, Unicredit, Fondazione CRT, and TLI Space.
Italian company Involve, based in Lipomo, has closed a €2.5 million seed round for their stratospheric balloon technology used for real-time Earth monitoring, telecommunications, and infrastructure. The round, which included €500k in convertible loans, is a significant milestone for the company after achieving 30 successful commercial launches and extensive testing. Earlybird Venture Capital led the investment, with support from Takeoff, Unicredit, Fondazione CRT, and TLI Space.
This funding will be used to accelerate the development of Involve’s technology, aiming to enhance flight duration, optimize control systems through artificial intelligence, and expand payload capacity. The company also plans to grow its team in key areas such as aerospace engineering, software development, and data management. Additionally, Involve will focus on expanding its international presence by strengthening existing partnerships and developing new ones, particularly in surveillance, environmental monitoring, and telecommunications sectors.
Jonathan Polotto, CEO and Founder of Involve, highlighted the company’s next steps, including expanding to Houston, USA, thanks to strategic partnerships and networking opportunities. Earlybird Venture Capital expressed excitement about partnering with Involve, emphasizing the team’s execution capabilities and potential to define a new category of earth observation technology.
