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Vertequip raises investment from Rising Ventures and EDP Ventures

Vertequip raises investment from Rising Ventures and EDP Ventures

29 May, 2015

Vertequip is starting a new chapter of its history after raising investment from Rising Ventures and EDP Ventures who joined as shareholders of the company on the 18th of May 2015.

Vertequip’s early success during its first months of operation, together with value added to its customers, through the innovative technologies that the company develops, brought Vertequip to the attention of several investment funds. We are thrilled with partnering with Rising Ventures and EDP Ventures which will bring a new spectrum of opportunities to all of us.

With this additional investment we will leverage the commercial activities and support the entry in strategic international markets. While the focus is in expanding the commercial operations, the R&D and continuous innovation remains a key strategy. Vertequip aims to continue developing advanced and innovative technologies that increase safety and productivity in works at heights.

Rising Ventures is a Business Angel company which specializes in early stage investment on technology based projects:

EDP Ventures is the Corporate Venture Capital arm of EDP Group with its focus in the energy sector and innovative technologies:

Vertequip and EDP relationship dates from 2013 where Vertequip received the honor mention of the annual EDP Innovation Prize. Since then, Vertequip developed several pilot projects deploying the STEP technology successfully in various sites operated by EDP.

To match the current professional structure of Vertequip, the company was converted to a public limited/traded company with a share capital of 166.287,00€.