DroneBase to add new European HQ with latest funding round

DroneBase_Insights

A $7.5 million (£6 million) series C funding round for DroneBase will see the company expand into Europe and the renewable energy market.

New investors included Valor Equity Partners and Razi Ventures joined Union Square Ventures (USV), Upfront Ventures, Hearst Ventures, Pritzker Group Venture Capital and DJI, bringing total funding to $32 million (£26 million).

With the funding it will create a DroneBase Insights for Wind and Solar division, as well as DroneBase Europe, which will be located in Germany.

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The company is headquartered in Santa Monica, California and was founded in 2014.

It provides commercial drone services globally, including aerial photography, videography, mapping and data collection.

Dan Burton, CEO and founder of DroneBase, commented: “DroneBase’s expansion into renewable energy reflects our belief in the growth potential of the wind and solar energy industries.

“Since many energy companies have both wind and solar assets, we are well positioned to leverage our DroneBase Insights platform to grow our global market share in renewable energy.”

Tags : DroneBaseFunding
Sam Lewis

The author Sam Lewis

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