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FuVeX raises €3M to scale dual-use drone technology across Europe. The round was led by SODENA, SEGO Venture, and Izertis Ventures to bolster the company's international expansion.

PRIVATEAug 05, 20264 days ago

Amount Raised

€3 Million

Round Type

Seed

TudelaAerospaceairlines/aviation

Investors

Izertis VenturesSego VentureSodena

Description

Spanish drone technology company FuVeX has raised €3 million in an oversubscribed funding round to accelerate its commercial and international expansion. The round included participation from SODENA, SEGO Venture, Izertis Ventures, and several family offices. FuVeX develops long-range drones for both civil and defence applications and aims to strengthen its position in the European dual-use drone market. The company also secured €400,000 in public funding from Spain's CDTI for a defence R&D project.

Company Information

Company

Fuvex

Location

Tudela, Navarra, Spain

About

Fuvex is a Navarra-based drone startup specializing in long-range autonomous aerial systems for the inspection of critical infrastructure. Founded in 2013, the company has logged over 25,000 kilometers of power line inspections. Its innovative technology aims to replace traditional helicopter inspections with electric-powered drones that offer significant cost savings and improved data resolution. Fuvex is focused on expanding into new verticals such as gas pipelines, agriculture, and security/defense.

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