Transforming Aerospace: Investment in Latvia’s AM Craft

Raimonds Kulbergs
Date published

Sky’s the limit (literally) for AM Craft, the team who is aiming to redefine the aerospace industry's manufacturing process using 3D printing technology. Our recent investment in AM Craft fits our ethos of supporting ambitious teams targeting massive, unconventional market opportunities and introducing unique solutions to critical problems.

The aerospace sector is vast - a global fleet of 25,000 planes, which, over 50-60 year lifespans, require numerous interior updates. Replacements are costly and require custom parts, which creates real issues in an industry with stringent safety regulations. It’s then no surprise that the aerospace interior components market is currently valued at $24.8B and growing at an 8% CAGR.

With 10 years of 3D printing under their belt, founders Didzis and Janis wondered whether this technology could be a cheaper and more sustainable answer than more conventional bulk-production. Here’s how AM Craft is addressing the industry's challenges:

  1. Streamlining Supply Chain: The traditional requirement for large orders in aerospace manufacturing leads to inefficiencies, slow lead times, and excess stock. AM Craft's 3D printing approach significantly reduces these constraints, offering faster and more flexible production capabilities.
  2. Bridging the Certification Gap: Despite the presence of 3D printing since 2013, its adoption for certified production has been slow due to high certification costs and time. AM Craft is pioneering in overcoming these challenges, offering certified, cost-effective, and efficient production solutions.

What makes AM Craft a really BAD* idea

What AM Craft is doing differently is providing value through a comprehensive solution for the airline industry delivering certified, customizable, and sustainable aviation parts. Their customers are household names like Finnair, Airbaltic, and Etihad. Their marketplace model, leveraging a decentralized manufacturing network, not only positions them as a leader in scalability but also creates formidable barriers to entry as they expand. One of the team’s biggest achievements has been overcoming initial skepticism from industry back-benchers and achieving industry safety certifications.

How we evaluated AM Craft

We evaluate startups on four key aspects, and AM Craft was an obvious choice:

  • Team: 3.5/4 (50% weight): AM Craft's founders demonstrated exceptional domain expertise and a smart go-to-market strategy that creates a natural MOAT over time.
  • Market: 4/4 (20% weight): The company targets a high-value market with a significant barrier to entry and a clear need.
  • Product/Traction: 3.5/4 (15% weight): AM Craft has laid a solid foundation and envisions a comprehensive production platform.
  • Distribution: 3/4 (15% weight): The company has established strong industry relationships, evidenced by 47 signed LOIs.

Total Weighted Score: 3.52/4

💡 Artis Kehris, founding member of on backing AM Craft:

AM Craft has skillfully identified and targeted a critical pain point in the aviation interior parts sector. Their market-niche focus, team synergy, and domain expertise, combined with their ambitious vision, make them an investment we're excited about.

Fasten your seat belt, AM Craft is taking off

Looking ahead, AM Craft plans to expand their sales force and form new technology partnerships, positioning themselves to capitalize on their market potential and bring their vision to life: transforming the future of aircraft manufacturing.

*All unicorns were once BAD ideas - bad on the outside, genius on the inside - and we know that true winners find opportunities where others give up. That’s why we created this angel investing syndicate - so we can invest in ideas that might seem bad to others, but we know could become the next unicorn. If you’re a founder from CEE with a BAD idea and see a fit with, apply. If you have a startup in mind for, please refer them - referral incentive applies. is an early stage angel syndicate, providing €50K-€100K funding for CEE startups, led by founders & operators. Among members/investors - founders and operators, who’ve been building such companies as Bolt ($1.3B funding), Vimeo ($450M), Printify ($54M), Pandadoc ($51M), Pipedrive ($90M), ($151M), Bird ($783M funding), Shopify ($122M), Whimsical ($30M), Lokalise ($56M), Deel ($679M).

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Here is why and how we decided to invest in the #Latvian AM Craft - Aviation Additive Manufacturing Services team.

One of our latest investments is taking us into the world of aerospace innovation. They are an ambitious team that’s transforming the aerospace manufacturing landscape through 3D printing technology. Let me give you an inside peek how we made the decision and what got us excited:

🌍 With a global fleet of around 25,000 aircraft, each requiring several interior updates over their decades-long service life, AM Craft is tapping into a massive market. Demand valued at $24.8B and growing.

🔧 The challenges in the industry:

  • Supply Chain Efficiency: AM Craft is fixing the traditional aerospace supply chain, plagued by inefficiencies and slow lead times.
  • Certification Hurdles: They're also pioneering in overcoming the slow adoption of 3D printing for certified production

💡 The Unique Value of AM Craft:

AM Craft offering is comprehensive: certified, customizable, and sustainable aviation parts.

It isn't just about parts; it's about reshaping the supply chain through a marketplace model that promises scalability and significant barriers to entry for competitors.

📊 Investment Decision: We made the decision to investment having done our rigorous evaluation, focusing on Team (50% of the evaluation weight), Market, Product/Traction, and Distribution.

They scored an impressive 3.52/4 in our assessment, reflecting the strength of their strategy and market positioning.

Wishing you clear skies ahead Didzis Dejus, Janis Jatnieks and rest of the AM Craft team!

❓ What other startup teams are similarly shaking up their industries? let's spotlight the game changers!

#AerospaceInnovation #3DPrinting #VentureCapital #BADideasFund #StartupInvestment

tagging Artis Kehris, founding member, who did the heavylifting evaluating & grilling founders, and our friends who led the round Change Ventures, Andris K. Berzins, Zane Kampa