AirMap Obtains $15,000,000 Series A Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bb47646d-7fac-4bce-a1a3-8ab0a7908574 - Date
4/7/2016 - Company Name
AirMap - Mailing Address
1700 East Walnut Avenue Santa Monica, CA 90245 USA - Company Description
AirMap is helping make drones a part of everyday life by building the foundations for the low-altitude air navigation systems of the future. The emergence of small, powerful, and autonomous drones, is transforming society. Drones are being used for agriculture, public safety, aerial photography and cinematography, and soon, package delivery. The next century of aviation innovation is happening at the local level, not across oceans, and it’s happening below 500 feet. AirMap is organizing this low altitude information so innovation can take flight. AirMap works collaboratively with industry partners to create the future for drones. We focus exclusively on providing accurate, reliable and trustworthy airspace information so that others in our nascent industry can build amazing vehicles and applications. AirMap is a member of the Small UAV Coalition and the NASA Unmanned Traffic Management (UTM) program. - Website
http://www.airmap.io - Transaction Type
Venture Equity - Transaction Amount
$15,000,000 - Transaction Round
Series A - Proceeds Purposes
This new investment accelerates AirMap’s global development of an innovative suite of airspace management tools for drones. - M&A Terms
- Venture Investor
General Catalyst Partners - Venture Investor
Lux Capital - Venture Investor
Social Capital - Venture Investor
TenOneTen Ventures - Venture Investor
Bullpen Capital - Venture Investor
Pritzker Group Venture Capital
