22:52 6 July 2026
Navivo Capital Poland wants to turn NYC into smart city
Navivo Capital Poland, a growth fund co-financed by EU money, has made its first investment, putting PLN 8 mln into Polish IoT company Cthings.co. The startup develops systems that allow industrial and urban devices to collect and process data locally, including with AI, instead of sending large amounts of raw data to the cloud. Its Orchestra platform is used in Industry 4.0, smart cities and logistics, and the company recently partnered with Asus IoT. Navivo will support Cthings.co’s expansion in North America and help connect it with foreign funds ahead of a larger financing round planned for next year.
The company’s revenue jumped from under PLN 1.3 mln annually in 2023-24 to PLN 17.5 mln in 2025, when it posted its first small profit.
(pb.pl)
