Drone startups are hot. In Q2’15 funding reached an all-time high and in Q3’15 we’ve already seen Series B fundings to two drone startups: SkyCatch, which raised $22.1M from Avalon Ventures and Riverwood Capital; and EHANG, which raised $42M from GGV Capital, GP Capital, and others. We’ve identified 10 more early-stage drone startups that are likely to raise in the next 12 months.
All these companies have raised in 2014 or 2015 year-to-date, have less than $15M in total funding, and show other positive metrics, including high investor quality or recent news mentions.
The list includes uber-for-drones companies such as DroneBase and Flirtey (they supply a drone and operator to businesses for a single use), drone-as-a-service startups such as DroneDeploy (they offer ongoing drone software, hardware, and/or services to clients who own their drones), and startups focused on object-avoidance drone tech like Skydio and SkySpecs.
The full list below.
10 Early-Stage Drone Startups to Watch
|Company||Last Funding (Month/Year)||Total Disclosed Funding ($M)||Select Investors|
|DroneDeploy||$9M // Series A
|$11.0||Emergence Capital Partners, Draper Fisher Jurvetson, Redpoint Ventures, SoftTech VC|
|Kespry||$10M // Series A
|$10.0||Lightspeed Venture Partners|
|Airphrame||$4.25M // Series A
|$4.3||August Capital, Floodgate|
|Skydio||$3M // Seed VC
|$3.0||Accel Partners, Andreessen Horowitz|
|Redbird||$2.19M // Seed VC
|$2.2||Commercial Drone Fund, Engie New Ventures|
|MATTERNET||$2M // Convertible Note
|SkySpecs||$0.1M // Seed
|DroneBase||Undisclosed // Seed VC – II
|$0.12||Rothenberg Ventures, SkyFund, SV Angel, Union Square Ventures, Y Combinator|
|Flirtey||$0.12M // Seed – II
|$0.12||Space Angels Network, Y Combinator|
|Skyfront||$0.02M // Seed
|$0.02||Qualcomm Robotics Accelerator|
Feature Image Credit: Skyfront
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