What is Flytrex?
Established in 2013 and headquartered in Tel Aviv, Flytrex offers an end-to-end drone logistics solution, positioning itself as a key player in the burgeoning drone industry. The company's technology aims to streamline delivery processes, reduce transit times, and enhance efficiency through automated aerial systems. Flytrex's commitment to innovation is evident in its continuous development of its platform, which is designed to integrate seamlessly into existing logistics networks.
How much funding has Flytrex raised?
Flytrex has raised a total of $60.2M across 5 funding rounds:
Series A
$3M
Series B
$8M
Multiple Rounds
$49.2M
Series A (2017): $3M with participation from Joey Low, Daniel Gutenberg, and ARMADA Investment AG
Series B (2019): $8M led by Benhamou Global Ventures and Btov
Grant (2021): $1.2M supported by Israeli Innovation Authority
Unspecified (2021): $8M featuring Benhamou Global Ventures LLC and Btov
Series C (2021): $40M backed by BRM Group, Lukasz Gadowski, and OurCrowd
Key Investors in Flytrex
BRM Group
BRM Group is an investor participating in the funding round, likely focusing on technology and innovation.
Benhamou Global Ventures
Benhamou Global Ventures is a venture capital firm specializing in Enterprise 5.0 companies and cross-border innovation, focusing on startups transforming enterprise automation through intelligent machines and human ingenuity.
OurCrowd
OurCrowd is an investor participating in the funding round, known for its global venture investing platform.
What's next for Flytrex?
With a substantial enterprise-level funding context, Flytrex is poised for significant expansion and technological advancement. The strategic capital infusion is expected to fuel further research and development, enhance its operational infrastructure, and broaden its market reach. This backing will likely enable Flytrex to solidify its position in the competitive drone delivery market, potentially exploring new service areas and partnerships to accelerate its growth trajectory and capitalize on the increasing demand for advanced logistics solutions.
See full Flytrex company page
