Sparrow Analytics secures investment from Portugal

10 April 2024 14:56

Greater Geneva Bern

Chavannes-de-Bogis/Lisbon - Sparrow Analytics from the canton of Vaud has secured the Portuguese venture capitalist Ground Capital as an investor. The startup specialises in the development of mobile sensors.

Sparrow Analytics has attracted the Portuguese venture capital and private equity financier Ground Capital and the UK-based Ascend Productions as investors in its latest financing round, announced a statement from the company. Founded in 2021 by Elshad Hajiyev (CEO) and Maxim Interbrick (COO), the Chavannes-de-Bogis-based company develops mobile sensors to be attached to everyday vehicles. They can scan and measure various urban parameters in real time, according to the statement.

To strengthen the business and maximize the impact of the current financing round, Sparrow Analytics has defined a comprehensive plan covering the various facets of the company. Ground Capital is based in Lisbon and Ascend Productions in Cardiff.

The initial phase of Sparrow's expansion programme will focus on Switzerland, explains the statement. The startup aims to comprehensively showcase its diverse product portfolio in the Swiss market. The first step is to provide data across various platforms, with the aim of reaching the ten most important cities in Switzerland.

At the same time, Sparrow is seeking to expand its presence in Europe and the United States. In Europe, the aim is to establish a presence in at least ten major cities, including Paris, London and Madrid. Simultaneously, Sparrow aims to penetrate the US market, with a focus on San Francisco.

Sparrow Analytics also plans to launch further developments of Sparrow Node, a pivotal component of its ecosystem. These updates are designed to improve the performance of the sensors, reduce costs and expand the range of measurable parameters. ce/gba

Swiss Pavilion Digital

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