Wingtra sets sights on further growth after near £8m funding round

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Wingtra has closed a series A funding round worth $10m (£7.8m).

The Swiss company confirmed it would be using the extra capital to further scale its global business.

Wingtra detailed how as well as growing its global footprint, it plans to use the funding to push the limits in research and development as well.

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

Didier Denat, chairman of Credit Suisse Entrepreneur Capital head of corporate & investment banking at Credit Suisse in Switzerland, commented: “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.”

He added: “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 focuses on optimization as well as research and development around its WingtraOne VTOL fixed-wing survey and mapping drone.

Elias Kleimann, founder and CFO at Wingtra, said: “We’re proud to have developed a product with a great market fit that helps our customers on a daily basis. 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.”

Tags : InvestmentWingtra funding
Alex Douglas

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