Lithuanian-Danish drone manufacturer Monopulse, operated by MNP Technologijos, has raised more than €2 million to expand production, advance research and development, and accelerate its international expansion. The round was led by Lithuanian early-stage venture capital fund CoInvest Capital, with additional investment from NGL Ventures and 68 individual business angels, investors from the Lithuanian Business Angel Network (LitBAN), and Silicon Valley-based Plug and Play Ventures. Monopulse develops unmanned aerial vehicles (UAVs) for surveillance and reconnaissance, including its Falcon MK3S drones, which are already used by the armed forces of several NATO countries. The funding will support increased manufacturing capacity and product...
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