Dronamics: USD 40 million in pre-Series A funding
Dronamics, the world’s first cargo drone airline with licence to operate in Europe, has raised a total of USD 40 million in pre-Series A funding from venture capital funds and angel investors from twelve countries as the company approaches its upcoming Series A round.
This amount includes funds received from Founders Factory, Speedinvest, Eleven Capital, and most recently the Strategic Development Fund (SDF), the investment arm of the Tawazun Council, Abu Dhabi, UAE.
Abdulla Naser Al Jaabari (pictured), managing director and CEO of SDF: “When it comes to Dronamics, their economics are very promising, and potential users of Dronamics would benefit from quick and efficient cargo deliveries. As one of Dronamics’ latest strategic investors, SDF will be working closely to support the ongoing growth of the company in UAE and globally.” (cj)