BrightCap Ventures and AirNav Systems, a global flight tracking and monitoring company, are launching a new funding program

BrightCap Ventures and AirNav Systems, a global flight tracking and monitoring company, are launching a new funding program for start-ups leveraging ADS-B data and technology solutions. Areas of focus include the field of flight safety, ground and flight operations enhancements, aircraft health monitoring, aircraft operating conditions, UAV operations, and anti-UAV systems. The partnership aims to identify start-ups worldwide via a rigorous selection process that includes an in-depth review of each potential company, along with the product’s unique value proposition, market size, and potential competitors. AirNav Systems LLC will work closely with BrightCap Ventures during the review and evaluation process.

Selected startups will receive up to €200,000 equity funding from BrightCap Ventures. In addition to the capital and mentoring/oversight of BrightCap, these startups will also be given the opportunity to collaborate with AirNav Systems LLC to utilize the company’s available historical and real-time tracking data in order to best develop the technology solutions that exhibit both engineering maturity and go-to-market capabilities. Upon further progress with product commercialization, BrightCap Ventures can invest up to €3,500,000 in selected startups as part of further Seed/Series A rounds.

“Given the current state of our economic world due to the coronavirus pandemic – particularly in the aviation industry – businesses may very well need non-standard solutions to revive operations as quickly as possible at low costs”, said Andre Brandao, President of AirNav Systems LLC. “This partnership will enable us to extend the reach of our technology capabilities even further. As a team made of computer science engineers and airline pilots we are thrilled to support these kind of innovations for the industry.”

“The COVID-19 pandemic and the “new normal” economic environment represents a massive challenge for the aviation industry. At the same time, the crisis offers an exceptional opportunity for creative startups to help reboot and redefine the transportation industry,” said Georgi Mitov, Managing Partner at BrightCap Ventures. “Many successful companies are born during turbulent times. The new economic outlook will encourage companies to look for smart and cost-efficient ways to run their operation. Our partnership with AirNav will allow startups to benefit from our entrepreneurial experience and leverage the benefits which Bulgaria has to offer as R&D destination – helping startups develop world-class products with excellent talent at a competitive cost.”

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About AirNav Systems LLC

AirNav Systems LLC is the industry leader focused on aircraft tracking solution using in-house built ADS-B hardware and software components.

Based in Tampa, Florida, with a research and development center in Europe, our business operations include providing related data to aviation service providers worldwide. For more information visit