Predict your next investment

Venture Capital
crane.vc

See what CB Insights has to offer

Investments

47

Funds

1

About Crane Venture Partners

Crane Venture Partners is a venture capital firm that exclusively works with enterprise software and deep tech founders based in Europe.

Crane Venture Partners Headquarter Location

24 Florian Road

London, England, SW15 2NL,

United Kingdom

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Crane Venture Partners News

Stratio raises $12M Series A to Scale AI-based Predictive Fleet Maintenance Platform using Real-time Augmented Intelligence

Nov 30, 2021

By Reading Time: 4 minutes Investment led by Forestay with participation from existing investor Crane Venture Partners to be used to further accelerate global expansion, increase R&D, boost product development, and double headcount by the end of 2022 LISBON, Portugal and LONDON, Nov. 30, 2021 (GLOBE NEWSWIRE) — Stratio , the world’s leading real-time predictive fleet maintenance platform, today announced a $12M Series A funding round to further accelerate its growth. The investment, led by Forestay Capital , the Deep Tech and SaaS Venture Capital arm of Waypoint Capital, with participation from existing investor Crane Venture Partners , will be used to further accelerate the company’s global expansion, increase its R&D, speed up overall time-to-market, and double its headcount by the end of 2022. Stratio already has its technology deployed in 5 of the top 10 transportation companies in the world and has enabled transportation for 1.3 billion people so far. The company’s Annual Recurring Revenue (ARR) has grown 2700% since its Seed investment round while the company has invested an average of 65% of its budget in R&D since that same period. Stratio’s AI-based predictive fleet maintenance prevents hundreds of thousands of breakdowns from happening every day, thus saving millions of people from the hassle of public transportation delays, postponed deliveries, or late arrival of essential goods. Downtime becomes a critical problem for fleets responsible for food, medicine, or healthcare supplies transportation. Hospitals, pharmacies, or supermarkets are just a few examples of businesses that are heavily dependent on reliable transportation services. By harnessing the power of data, and using augmented intelligence, Stratio provides real-time actionable insights through a scalable platform that collects, analyzes, and explains when the next breakdown will happen. Its fully explainable AI system allows fleet managers and operators to easily understand the reasons behind each potential breakdown, thus moving away from a reactive maintenance approach that leads to vehicle downtime, lost revenue, unhappy customers, and a damaged reputation. “Stratio’s contribution to zero downtime impacts the global economy and people’s lives every single day. Real-time predictive fleet maintenance provides a magnified look that leads to better planning and better decisions. That means higher quality and cheaper public transportation, on-time deliveries while serving more customers at a lower cost,” said Stratio’s co-founders, Ricardo Margalho, CEO and Rui Sales, President. “Stratio’s technology is empowering fleet operators across the globe by providing them the most comprehensive and easy-to-manage platform in this space. We believe that this technology will soon be available to every vehicle around the world and that enabling a zero downtime future will change transportation as we know it.” Stratio has customers across EMEA, US, LATAM, and APAC, and has expanded its footprint to strategic markets such as North America, Australia, Brazil, and Mexico. Some of its key clients include Ford Trucks, Arriva, Keolis, RATP Dev, Go-Ahead, ComfortDelGro, and many more. Fleets using Stratio’s technology circle the globe 20 times each day while the platform processes more than 5 billion data points. “Stratio’s technology fascinated us right from the beginning. Not only are they far advanced in terms of datasets uniqueness – which virtually allow them to work with any fleet across the globe – but they also have been growing at an incredible pace,” said Frederic Wohlwend , Managing Partner at Forestay. “Their R&D investment over the last few years makes them industry front runners and they are very well placed to massively scale a piece of technology that has ramifications across the entire global economy and will certainly impact how everything moves on the planet. We’re thrilled to be partnering with Ricardo Margalho and Rui Sales, and the rest of the talented Stratio team on this next chapter of their growth.” The combination of large-scale processing, autonomous AI system, and individual vehicle data collectors allows businesses to fully leverage the data under the hood. The combination of AI and IoT results in a feedback loop that feeds itself continuously and helps the system improve automatically without human intervention. By providing a real-time view on potential electric, mechanical, and system failures, Stratio offers a zero downtime solution to businesses where costs can quickly mount while service quality dramatically decreases affecting transportation services on which people rely. Stratio’s technology also has a big impact on zero-emission transition for transportation companies. The company has been working with several large fleet operators in deploying its predictive maintenance technology to help companies ensure zero downtime while operating this cleaner form of transportation. Transitioning to a fully electric fleet requires twice the investment when compared to standard internal combustion vehicles. In order to justify the ROI tied to the costly initial investment, transportation services must operate vehicles much longer and intensively when compared to traditional fleets. Predictive maintenance is the critical final piece to keep vehicles off the workshop and on the road, enabling the economic viability that is needed for zero-emission vehicles’ mainstream adoption. About Stratio Stratio is the World’s Leading Real-time Predictive Fleet Maintenance Platform. The company’s proprietary technology combines large-scale processing with the latest machine learning techniques to prevent hundreds of thousands of breakdowns from happening every day, thus saving millions of people from the hassle of public transportation delays, postponed deliveries, or late arrival of essential goods. Stratio’s platform enables zero downtime for 5 of the 10 largest transportation companies in the world. Fleet operators in Europe, US, Asia-pacific, and Latin America trust Stratio’s technology to fully leverage the data under the hood to safeguard operations, and keep customers happy. Stratio’s technology has enabled transportation for 1.3 billion people so far. About Forestay Founded in 2017, Forestay invests in the tech sector and is focused on innovative revenue-generating technology companies, in Europe, Israel and the US, that challenge established models, primarily through software and data. It is part of Waypoint Capital, chaired by Ernesto Bertarelli, which supports a broad portfolio of leading asset management and investment businesses. www.forestay.vc Contacts

Crane Venture Partners Investments

47 Investments

Crane Venture Partners has made 47 investments. Their latest investment was in Cerbos as part of their Seed VC on November 11, 2021.

CBI Logo

Crane Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/30/2021

Seed VC

Cerbos

$3.5M

Yes

4

11/30/2021

Series A

Stratio Automotive

$12M

No

1

11/15/2021

Series A

Virtuoso

$13.3M

No

4

11/7/2021

Series E

Subscribe to see more

$99M

Subscribe to see more

10

11/4/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/30/2021

11/30/2021

11/15/2021

11/7/2021

11/4/2021

Round

Seed VC

Series A

Series A

Series E

Seed VC

Company

Cerbos

Stratio Automotive

Virtuoso

Subscribe to see more

Subscribe to see more

Amount

$3.5M

$12M

$13.3M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

1

4

10

10

Crane Venture Partners Fund History

1 Fund History

Crane Venture Partners has 1 fund, including Crane I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/11/2019

Crane I

Early-Stage Venture Capital

$90M

2

Closing Date

6/11/2019

Fund

Crane I

Fund Type

Early-Stage Venture Capital

Status

Amount

$90M

Sources

2

Crane Venture Partners Team

2 Team Members

Crane Venture Partners has 2 team members, including current Founder, Scott Sage.

Name

Work History

Title

Status

Scott Sage

Founder

Current

Krishna Visvanathan

Molten Ventures, Encore Ventures, 3i, Optika, PwC, and Ernst & Young

Founder

Current

Name

Scott Sage

Krishna Visvanathan

Work History

Molten Ventures, Encore Ventures, 3i, Optika, PwC, and Ernst & Young

Title

Founder

Founder

Status

Current

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.