Unifly, has completed a £15.1m (€17m) Series B capital raise.
The UTM software provider managed to bring in investors including Deutsche Flugsicherung and FPIM as part of the raise.
Existing investors Terra Drone, QBIC and PMV also participated in the round.
Bryan, Garnier & Co., Europe’s growth investment bank, advised Unifly on the transaction.
Marc Kegelaers, CEO of Unifly, commented: “Bryan, Garnier & Co was the investment banker that helped Unifly secure this successful B-round. This funding round will enable Unifly to continue building its world-leading features and to expand the product offering. This now includes the BLIP which acts as an electronic license plate for drones, combined with high-precision drone tracking.”
He added: “We will continue to grow our international presence and secure additional contracts in the global UTM ‘land grab’. Future markets could be even larger, with the rise of air taxis, with integration between autonomous cars and drones, and with drone UTM software predicted to take over traditional aircraft as they become increasingly automated.”