ASP Supports Exonicus with €85,000 LatBAN Investment

ASP Asset Management is proud to co-invest alongside the Latvian Business Angels Network (LatBAN), providing €85,000 in support of Exonicus—a Latvian-American deep-tech company redefining trauma training through extended reality (XR).

This investment marks a milestone for both parties: LatBAN’s first foray into dual-use innovation, and Exonicus’s continued transition from research to real-world deployment. Their Exonicus Trauma Simulator is already being used by NATO special forces, the U.S. Army, and leading European institutions—demonstrating both export potential and strategic value in defense and emergency medicine.

Ansis Spridzāns, ASP Board Member and LatBAN representative, emphasized: “Exonicus represents the kind of scalable, mission-focused innovation that can position Latvia as a serious player in global DefenceTech.”

The investment underscores our commitment to nurturing high-impact technologies with both civilian and defense applications—technologies that are not only commercially viable, but also internationally relevant.