Swedish startup Wingbits, which uses real-time flight data to reduce delays and improve air travel, has secured €3.1 million in a seed round to disrupt the flight-tracking industry. The funding was led by Borderless Capital and Tribe Capital, with participation from Antler.
- Founded in 2023 by Robin Wingårdh and Alex Lungu, Wingbits is a community-driven network that enhances aviation safety and efficiency through advanced flight tracking technology, primarily using Automatic Dependent Surveillance-Broadcast (ADS-B).
- Wingbits improves global air travel experiences by aggregating and analyzing real-time flight data. Participants contribute data, enhancing safety and operational effectiveness, while also connecting with a passionate community and gaining insights into aviation technology.
- According to the startup, it operates 1,600 stations in 73 countries and 201 airports, tracking 120,000 flights daily.
Details of the deal
- The oversubscribed funding round, which closed in June, was led by Miami-based Borderless Capital, a Web3-focused investment firm, and Tribe Capital, a California-based venture capital firm managing $1.6 billion in assets. The firm has invested in notable companies such as Apollo.io, Carta, Docker, Kraken, Instabase, Relativity Space, and Shiprocket.
- Antler, a venture capital firm investing in startups across six continents with 1,000 investments and 400 European startups backed in the last five years, also joined the round.
- The investment will help Wingbits expand its workforce, particularly within the engineering team. Additionally, the capital will be used to enhance product offerings and drive further sales and marketing efforts.
