venture capital
OTIV, a long-standing Cresco client, successfully raised €9M in new capital. The funding round was led by Miles Ahead, with continued support from existing investors such as Finindus, Shift Invest, Pitchdrive and Imec.
OTIV develops advanced software systems that enable autonomous and semi-autonomous operation of trains and trams. The company has recently accelerated its international footprint through major projects in Europe and the US and was awarded Deloitte’s Technology Fast 50 Award as Belgium’s fastest-growing tech company.
This new funding will support OTIV in scaling commercialisation, advancing technology certification, and further strengthening its position as a leading innovator in automated rail operations.
We are proud to continue supporting OTIV across corporate, innovation and commercial matters.
Warm congratulations to founders Sam De Smet and Niels Van Damme, and sincere thanks to Bram Lavens, Luc Burgelman, Nele Van Ginneken, Pieter Lavens, Roel Callebaut and Willem Poerink for the constructive collaboration.
The Cresco deal team consisted of Olivier Van Raemdonck, Charles Groffils and Nicholas Borgmans.
Read more about this in De Tijd.
