Terra Drone Raises $70 Million In Series B Funding To Accelerate Growth And Worldwide Adoption Of Unmanned Aircraft System Traffic Management (Utm) And Urban Air Mobility (Uam) Solutions
Amount Raised
$70 Million
Round Type
Series B
JapanManufacturingConsumer GoodsPublic SafetyDescription
Drone and Urban Air Mobility (UAM) technology company Terra Drone Corporation announced today that it has raised $70 million (8 billion Japanese yen) in Series B funding with investments from Mitsui & Co., Ltd., SBI Investment Co., Ltd., Tokyu Land Corporation, Kyushu Electric Power T&D, and Seika Corporation. The round also saw the funding by Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) – a public-private infrastructure fund by the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) – to the newly established joint venture, as well as participation from existing investor Venture Lab Investment.
Quick answer
Terra Drone raised $70 Million in a Series B round, dated March 23, 2022. Terra Drone is based in Japan.
- How much did Terra Drone raise?
- Terra Drone raised $70 Million in a Series B round on March 23, 2022.
- What does Terra Drone do?
- Founded in 2016, Terra Drone is a leading drone and Urban Air Mobility (UAM) technology company providing drone hardware and cloud-based software for survey and inspection such as Terra Lidar and thickness measurement..
- Where is Terra Drone based and how big is it?
- Terra Drone is based in Japan. Fundz records about 39 employees.
- Who are the decision-makers at Terra Drone?
- Fundz holds 1 contact at Terra Drone, including the Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Consumer Goods and Public Safety around the same time
Companies in the same sectors as Terra Drone that raised within 45 days of this round, from Fundz verified event records.
- AIRCO raised $30M (Series A) on April 19, 2022.
- Hadrian raised $37M on April 15, 2022.
- Aspen Aerogels raised $50M on April 6, 2022.
- Open Book Extracts raised an undisclosed amount (Series C) on April 6, 2022.
- Open Book Extracts raised $4.2M on April 5, 2022.
- Aspen Aerogels raised $100M on March 3, 2022.
Who to call at Terra Drone, and when
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- An alert the day Terra Drone raises, hires an executive or expands, scored against what you sell
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What this usually meansTerra Drone raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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