Latvian aviation parts manufacturer AM Craft raises €600k in a pre-seed round
Summary
The Riga-based aviation parts manufacturer AM Craft has announced to AIN the closure of its 600,000 pre-seed funding round led by Change Ventures, with the participation of BADideas.Fund. Co-founded by Didzis Dejus and Janis Jatnieks, AM Craft is an EASA authorized Part 21G aviation supplier that leverages expertise in polymer additive manufacturing, design, airworthiness certification, and a distributed production network to provide end-to-end service to aviation customers. As the next step, we aim to qualify locations in Central Europe, SouthEast Asia and eventually also the USA, Janis Jatneiks, co-founder and Chief Commercial Officer of AM Craft, commented. Earlier, the firm supported the 500,000 funding round for the Lithuanian toy subscription service Liledu.The AM Craft team has secured a very hard to get certification, EASA Part 21G, to enablethem to deliver certified, flight-worthy parts for airlines, MROs and manufacturers. After evaluating an investment over some time, it became clear that they understand the industry very well and have a vision for how to adapt it to a new world where additive manufacturing can provide fast, flexible and cost-effective delivery of parts worldwide.