Tech Company Financing Transactions
Flytrex Funding Round
Flytrex secured a $7.5 million Series B funding round on 1/9/2019. Investors included BGV and btov Partners.
Transaction Overview
Company Name
Announced On
1/9/2019
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series B
Investors
BGV (Lead Investor)
Proceeds Purpose
The funds will be used to scale-up Flytrex's operations and technology, improving existing drone delivery services in Iceland and North Dakota, and prepare for the company's 2019 North Carolina launch as part of the U.S. Federal Aviation Authority's (FAA) Unmanned Aircraft System (UAS) Integration Pilot Program.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
39 Montefiore
Tel Aviv, 00000
Israel
Tel Aviv, 00000
Israel
Phone
Undisclosed
Website
Email Address
Overview
Flytrex offers end-to-end, personally tailored, drone delivery solution for your business applications. Powered by our cloud-based system, the Flytrex line of delivery drones takes your B2B or B2C needs from the streets to the sky.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yariv Bash
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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