Lithuanian Repsense attracted €500K from CoInvest Capital and Iron Wolf Capital

Lithuanian AI platform that allows companies to monitor and improve their online reputation Repsense.io has attracted €500K from Lithuanian funds CoInvest Capital and Iron Wolf Capital. Each venture company invested equally. Five business angels co-invested together with CoInvest Capital.

Repsense was founded in Vilnius in 2021 by a Managing Partner of the PR  and communication agency Fabulos Rud Pedersen Group Mykolas Katkus, data scientist specialist Alfredas Chmieliauskas and others. The AI platform was launched in 2022.

Lithuanian startup will use the new capital for further development of the platform and for scaling up internationally. 

In 2023 it plans to invest in processing non-text sources and adapting the model created to the areas of sales, finance, and defense. Nowadays, it provides data to business, research, and communications clients in 9 countries.

Coinvest Capital was established in Vilnius in 2017. The fund invests in startups at the early stages and co-invests with groups of business angels.

Iron Wolf Capital is a Vilnius and London-based early-stage VC. It was founded in 2018. The venture company focuses on investment in AI, IoT, SaaS, Deeptech, Fintech startups, and marketplaces. It invests from €250K to €2M.