We advised the Lithuanian defence technology startup Luna Robotics, which develops tactical FPV drone cameras, on attracting EUR 1 million investment. The main investors in this round were the venture capital fund manager Coinvest Capital, the US startup accelerator Plug & Play, and business angels from Latvia’s LatBAN and Lithuania’s NGL.
The startup plans to use the investment to expand sales and partnerships in the European Union and the United States, automate production, and increase manufacturing capacity.
According to Luna Robotics, its tactical camera Luna Cam ensures drone vision both during the day and at night. The company states that the camera can be adapted for various military missions, using software solutions that make piloting easier, assist in target detection, and optimise mission execution. The product is manufactured in Lithuania, and is sold in the EU and the US. It has been tested under combat conditions in Ukraine.
Our team and services
Our team, including senior associates Mindaugas Baniulis, Marijus Dingilevskis, Radvilė Kvederaitė and Airida Buzaitė, advised the startup on all investment-related matters, including representation in negotiations with investors and preparation of all investment documentation.
