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GRASP Innovations announce Seed investment

Breukelen, The Netherlands – May 27th, 2021

We’re excited to announce a €550.000 Seed investment from Mainport Innovation Fund II. This funding enables us to accelerate the development of our solutions and bring more powerful and effective solutions to the aviation security industry.

Investment timing

We started GRASP in 2019, with great reception from clients and partners around the world. When COVID-19 caused airports around the world to shut down, our business was affected as well. We quickly adapted our strategy, and decided to focus more on development of our solutions so that these will make sense in a post-COVID world. As the industry is beginning to open back up, we’re partnering with Mainport Innovation Fund II to go to market with our solutions. As the passenger numbers are set to grow rapidly, automation and optimisation of the workforce will be key. With this funding, GRASP will be uniquely positioned to grow in this market.

We’re excited that Mainport Innovation Fund II is confident in our solutions and the team to execute them. Over the past months Thijs Gitmans and Willem Poerink from MIF II have already proven to be a strong partner for us and we’re looking forward to a close cooperation in the future. We chose to work with MIF II because we believe its network of global partners (including KLM, Schiphol Airport and TU Delft) will provide access to a wealth of expertise and shared business development.

What’s next?

Ever since starting GRASP we’ve been on a mission to optimise a process we’ve become obsessed with – the passenger security process. We’re convinced that our solution is the missing link in current operations and that it can greatly increase efficiency while reducing cost. With this investment we can significantly grow our team and bring key features to our customers that are currently on our long-term roadmap.

We’re thrilled to enter this next growth phase and are looking forward to accelerate the collaboration with our customers.

Robert & Michael

To read the official press release please click here

About Mainport Innovation Fund II

Mainport Innovation Fund II is an initiative of Royal Schiphol Group, KLM Royal Dutch Airlines, Delft University of Technology, the Dutch Railways (NS) and the Port of Amsterdam, in collaboration with fund manager NBI Investors.

The fund focuses on accelerating innovations in logistics, aviation and transport and supports entrepreneurs by combining venture capital with strategic expertise and the network of the transport partners.