Tech Company Financing Transactions
The Insitu Group Funding Round
On 5/8/2006, The Insitu Group received $23 million in Series C investment from Battery Ventures.
Transaction Overview
Company Name
Announced On
5/8/2006
Transaction Type
Venture Equity
Amount
$23,000,000
Round
Series C
Investors
Battery Ventures (Lead Investor) (Roger Lee)
Proceeds Purpose
Insitu will use the funding to continue product development with enhanced capabilities for military and commercial applications, and to expand its product portfolio to address increasing market demand. According to Frost & Sullivan, the global UAV market is projected to be $50B by 2015.
Company Information
Company Status
Private & Independent
Industry
Defense
Mailing Address
118 East Columbia River Way
Bingen, WA 98605
USA
Bingen, WA 98605
USA
Phone
Website
Email Address
Overview
The Insitu Group, Inc., designer and manufacturer of Unmanned Aerial Vehicles (UAVs) for Intelligence, Surveillance and Reconnaissance (ISR).
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Esina Alic
Chief Financial Officer
Rita McMullen
Chief Technical Officer
Matthew Bartow
Vice President
Andrew Duggan
Vice President
Donald Williamson
VP - Bus. Development
Mark Bauman
Browse more venture capital transactions:
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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