# Aviation Works

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aviation-works

- Industry: Aerospace
- Headquarters: London, UK
- Website: www.caelinova.com
- Total disclosed funding: $11M
- Latest round: Series A (Feb 21, 2022)
- Investors on record: 4

## About

Aviation Works Ltd specializes in innovative respiratory technology aimed at enhancing safety protocols in aviation. The company is dedicated to optimizing passenger emergency oxygen systems for commercial airlines.Aviation Works Ltd, founded in 2018, operates from London, UK, and focuses on developing advanced systems for passenger emergency oxygen supply. The founders, Leo Grünstein, Marc Studer, and Övünç Okyay, established the firm with a vision for improving aviation safety. The company has secured a total of 2 deals, with the most recent funding occurring on February 21, 2022. In this Series A funding round, Aviation Works Ltd raised CHF 2 million, led by Ornament Health AG and supported by investors LG Capital, Latécoère S.A., and Armada Investment Group. The total amount raised by the company is CHF 2 million.Aviation Works Ltd is recognized for its flagship product, Cordillera, which enhances the efficiency of passenger emergency oxygen systems. Awarded the Crystal Cabin Award, Cordillera employs patented breathing technology designed specifically for airlines. The system not only aims to improve emergency protocol but also assists airlines in optimizing their flight routes, contributing to reduced fuel consumption and lower CO2 emissions. The company caters to an array of clients, including commercial airlines and other aviation stakeholders across global markets, particularly in regions with high aviation activity and safety compliance regulations.Aviation Works Ltd generates revenue through direct sales to airlines and aviation companies, utilizing a B2B business model. Revenue streams are derived from initial sales of the Cordillera system and may include ongoing maintenance and support services. While specific pricing details are undisclosed, the company’s offerings are tailored to meet the growing demand for sustainability within the aviation sector, positioning Aviation Works Ltd strategically within the industry.Following the CHF 2 million raised in Series A funding on February 21, 2022, Aviation Works Ltd plans to allocate these resources to support the development of aviation products and explore expansion into other sectors. The funding will facilitate efforts to enhance and diversify its product offerings while targeting new markets for growth.

## Funding rounds

- Series A, Feb 21, 2022, $2.2M — Armada Investment Group, Latécoère S.A., Ornament Health AG, LG Capital
- Series A, Dec 20, 2021, $8.7M — Latécoère S.A., Ornament Health AG, LG Capital

## Investors

- Latécoère S.A. — Series A
- Ornament Health AG — Series A
- LG Capital (https://capitalatlas.ai/funds/lg-capital) — Series A
- Armada Investment Group — Series A