Lithuanian Coinvest Capital invests €750K in Munich-based startup Starflight Dynamics

The Lithuanian venture capital fund Coinvest Capital participated in the preliminary round of financing of the startup Starflight Dynamics. In total, the Munich-based company raised almost €2M: €750K from Coinvest Capital, the rest of the funds came from business angels, including founding members of the newly created Committee on Space and Defense within the European Business Angel Network (EBAN).

Starflight Dynamics was founded in 2023 in Munich, Germany. The company develops technologies for the space industries. The goal of Starflight Dynamics is to ensure the transition from terrestrial to space production, improve product performance and minimize environmental impact. The co-founders of the startup - Philippe Bauer and Nikola Ganchev.

Coinvest Capital, a venture capital fund established in 2018 by the national development bank ILTE, invests EU and Republic of Lithuania public funds, in promising Lithuanian startups and into European startups that benefit Lithuania. The managing director of Coinvest Capital is Viktorija Trimbel.

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