Mapping Drone Startup Wingtra Is Charting A New Future After Landing $22M
Mar 21, 2023•over 2 years ago
Amount Raised
$22 Million
Investors
Spring Mountain Capital Founder John L. SteffensEuropean Innovation CouncilAce & CompanyVerve VenturesEquity Pitcher VenturesDiamond Stream Partners
Description
Wingtra’s drones are used to perform surveying missions by organizations around the world, including NASA and the Army Corps of Engineers. Now the startup is mapping out a new expansion strategy after landing $22 million in Series B funding, which it will use to improve its current tech and add new features. “Our product roadmap is high confidential, but let’s say our high-level vision looking a decade or so forth is to take people out of the loop and have a completely automated data collection, processing and analysis,” co-founder and CEO Maximillion Boosfeld told TechCrunch.
FundzWatch™ Score
82
Medium Activity
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech