For assistance and advice call +44 (0) 20 7458 4088, anytime 24/7, 365
For assistance and advice call +44 (0) 20 7458 4088, anytime 24/7

Can we send you something?

Sign up for industry news, events and more

Thank you! You are now subscribed.

wingtra series a funding closes with 10m USD image for editorial

Editorial Feature


Wingtra Closes Series A Fundraising Round with $10M

Published May 23rd 2019

Words By: Wingtra ©

The Swiss drone developer and producer, Wingtra Ltd., recently raised USD 10 million to further scale its global business. The company leads the vertical take-off and landing (VTOL) drone industry and will use the funds to further grow their global footprint and push the limits in their research and development.

Credit Suisse Entrepreneur Capital Ltd., Investiere and private investors, as well as existing investors like Zurcher Kantonalbank, took part in this financing round.

“We see high-growth potential with Wingtra due to the multiple impressive technological advancements across a range of dimensions, setting it apart from its competitors,” said Didier Denat, Chairman of Credit Suisse Entrepreneur Capital Ltd. and Head of Corporate & Investment Banking at Credit Suisse in Switzerland. “The attractive and fast-growing market of VTOL drones, together with the company’s recent key hires, will provide an outstanding setting for the company’s future growth.”

wingtra series a funding closes with 10m USD image for editorial

Wingtra focuses on optimization as well as research and development around its WingtraOne VTOL fixed-wing survey and mapping drone. Since its market entry in 2017, it has partnered with more than 50 of the biggest survey equipment dealers worldwide and formed a strong user base. The drone’s VTOL capabilities enable it to take off and land like a multicopter but cover wide areas like a fixed-wing UAV. This also allows WingtraOne to carry high-resolution cameras that achieve the highest resolution and accuracy in the professional drone market.

“We’re proud to have developed a product with a great market fit that helps our customers on a daily basis,” said Elias Kleimann, Founder and CFO at Wingtra. “With the funds raised, we’ll scale up our operations, expand our sales globally and improve our outstanding product to advance the aerial survey and mapping industry.”

Over the past two years, Wingtra has experienced rapid growth. Since 2017, the number of employees has more than doubled, from 30 to more than 70, and the WingtraOne has gone from its first sales in Switzerland to markets more than 40 countries around the world.

Credit Suisse Entrepreneur Capital Ltd., a private equity investment vehicle of Credit Suisse in Switzerland, was one of the key investors in the fundraising round. It provides small and medium-sized businesses as well as young entrepreneurs with risk capital of USD 200 million (also see: www.credit-suisse.com/entrepreneurcapital).

 

View Wingtra's Drone Major profile here

About Wingtra          
Wingtra is a professional drone manufacturer based in Zurich, Switzerland. The company produces and develops the VTOL WingtraOne drone, which collects high-precision aerial data for surveying and mapping applications. Since its market entry in 2017, Wingtra has partnered with more than 50 of the biggest surveying equipment dealers across the globe, such as RDO Inc. and SITECH. Learn more at www.wingtra.com.


DROWNING IN DATA
Published October 10th 2019

Words By: Scopito ©

It used to be more data = more problems. But for Jim and Fenix I.S.R, one tool changed it all.Jim Timberlake. Director of Field Operations at Fenix I.S.R.; a US based drone operator. Jim’s goal is to deliver an end-to-end service for the customer, but it...
DfT Transport-Technology Research and Innovation Grants
Published October 9th 2019

Words By: Drone Major

The Connected Places Catapult supports the DfT’s Transport-Technology Research and Innovation Grants (T-TRIG) programme. T-TRIG bridges the early stage, proof-of-concept funding gap in transport innovation, where small investments can de-risk emerging sol...
similar articles
Swoop-loans-grants-equity-funding-businesses-Drone Major
Robert Garbett on Start-Up Funding and Business Planning