We have just received our first investment from AeroCity Tech Ventures

Company News · 2 min read · Oct 01, 2021
investment aeroclass

Aeroclass, being the first start-up in the world to introduce a virtual learning platform focused on the aviation industry, attracted the attention of investors very quickly after its launch. Company’s CEO Lukas Raščiauskas emphasises that the uniqueness of our start-up lies in the focus on the peculiarities of the aviation business. “Until now, the main focus in the application of new technologies in aviation training has been on pilot and crew training. We, on the other hand, target the areas of aviation management, law, communication, finance, audit, and crisis management that have received less attention so far. Aeroclass training will help newcomers to the sector and professionals seeking to improve their skills to understand aviation more quickly,” he said.

Head of the AeroCity Tech Ventures, Julius Norkunas, who is well-known for having extensive experience working with startups, adds that this venture capital’s move is a great step in revolutionizing the aeronautical technology sector. “We see huge potential in the virtual training sector, so we believe this investment will help modernise the aviation tech industry. AeroCity Tech Ventures plans to invest 20 million EUR in new and growing companies with valuable technological and modernisation ideas for the aviation sector. We believe that with our help, many industry-changing ideas will see the light of day. ”

Mr. Raščiauskas, on his part, is already talking about Aeroclass’ plans and ideas for the future. “Due to the huge potential and demand for online learning, we plan to expand Aeroclass’ operations both geographically – in Europe and Asia – and in terms of services offered. We have recently introduced a product for aviation professionals, online training, but in the future, we plan to release another alternative to conventional aviation training – virtual classes, where teachers, instructors, and lecturers will work directly with training participants. We are also in the process of preparing a hybrid training system that will allow students to learn partially independently while analysing practical situations under the guidance of respected aviation professors.”

A visualisation of innovation and growth: a woman is holding a digital lightbulb, from which springs a network of nodes.

To keep on path with such plans, Aeroclass.org will grow its team of professionals even further. According to Lukas, even if  today we already form a team of experts, united by the desire to create, change and improve the aviation sector, we are not standing still and are constantly looking for talented people that want to become a part of the Aeroclass team.. “And as we grow, we will need more and more talent from IT and aviation to join our ranks and help us change the aviation training landscape.”

And that’s not all. Along with the relevant content, created with real-world aviation business examples and case studies, Aeroclass will focus on integrating modern technologies, such as 3D and virtual reality, into the training process to ensure the best results for all students.

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Aeroclass Team
A team of professionals with a deep passion for the aviation industry bringing you the newest and the most striking industry-related news and content.

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