What is Flytrex?
Established in 2013 and headquartered in Tel Aviv, Flytrex is pioneering the drone revolution by offering an end-to-end drone logistics solution. The company aims to transform how goods are transported, leveraging advanced drone technology to create efficient and rapid delivery networks. Flytrex's commitment to innovation positions it as a key player in the burgeoning drone delivery market, addressing the increasing demand for faster and more sustainable logistics.
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 Btov and Benhamou Global Ventures LLC
Series C (2021): $40M backed by OurCrowd, Lukasz Gadowski, and BRM Group
Key Investors in Flytrex
OurCrowd
OurCrowd is a global venture investing platform that enables investors to invest in promising startups. They often focus on technology and innovation sectors.
BRM Group
BRM Group is an Israeli venture capital firm that invests in early-stage technology companies, often with a focus on disruptive innovations.
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.
What's next for Flytrex?
With substantial backing, Flytrex is poised for significant growth and expansion. The recent major strategic investment signals a new phase for the company, likely focused on enhancing its technological capabilities, broadening its service offerings, and penetrating new markets. This capital infusion will be critical in navigating the complex regulatory landscape and scaling its drone logistics infrastructure to meet the demands of enterprise-level clients. The company's strategic direction will likely involve further integration of its solutions into existing supply chains, solidifying its position as a leader in autonomous aerial delivery.
See full Flytrex company page
