The Kaunas-based startup ColibrisODM, which works in the metal industry, has secured an investment of €300,000. The round was co-led by CoInvest Capital and LitBAN.
- Founded by Justinas Bielskis and Karolis Gaidys, ColibrisODM offers an online on-demand manufacturing platform for automatic quoting and ordering of custom-made & serial metal parts in quantities required. The company also provides customers a one stop-shop for on-demand manufacturing services such as cutting, forming, welding, machining, coating, and assembly.
- ColibrisODM claims its mission is to create a sustainable on-demand manufacturing business with a focus on low environmental impact. To date, the company currently provides work mainly to suppliers located in the Baltic States and Poland, the main customers are from Sweden and Germany.
- Lithuanian venture capital fund CoInvest Capital and representatives of the business angel syndicate LitBAN participated in the investment. Recently, they participated together in €1.1 million seed round for Lithuanian startup Perfection42.
- The funds will be used for international expansion, strengthening of digital marketing and sales growth.
