Zurich-based producer of vertical take-off and landing (VTOL) drones Wingtra has secured over €23 million in a Series B1 financing round from the European and US investors.
- Founded in 2016 by Max Boosfeld, Basil Weibel, and Elias Kleimann, Wingtra develops drone solutions. Its flagship product is WingtraOne, a commercial drone that specializes in terrain mapping, offering survey-quality aerial data. The startup also develops advanced data collection tools, as well as processing and easy-to-use software called WingtraCLOUD.
"With WingtraCLOUD, we've launched a revolutionary platform that simplifies mapping in one intuitive tech ecosystem. It improves collaboration, boosts productivity and enables true-to-life insights available with ease. This makes Wingtra solutions highly scalable within organizations and ensures consistent, high-quality insights down to survey grade," Wingtra's team, commented on LinkedIn.
- Wingtra employs a team of over 100 people and has partnered with more than 80 major surveying equipment dealers across over 50 countries. Its solutions are used by NASA, the University of Oxford, Cemex, and Rio Tinto.
- The current investment came from Warsaw-based RKKVC, the US, Swiss, and Austrian funds and family offices including, Brick & Mortar Ventures, DiamondStream Partners, Cadence Growth Capital (CGC), EquityPitcher Ventures, Helvetic Trust, Spectrum Moonshot Fund, Spring Mountain Capital, and SymbiaVC.
- The fresh funding will allow Wingtra to accelerate development in the commercial sector while also expanding into new areas, including defense international markets.
