Unifly NV, provider of the world’s leading unmanned traffic management (UTM) software for drone enablement, has completed a €17m Series B capital raise bringing in investors including Deutsche Flugsicherung (DFS – the national air traffic control authority of Germany) and FPIM (sovereign wealth fund of Belgium).
Unifly’s most recent investor is Belgium’s Federal Holding and Investment Company (SFPI-FPIM). FPIM centrally manages the federal government’s shareholdings, cooperates with the government on specific projects and pursues its own investment policy in the interests of the Belgian economy. It acquires equity in companies that are of strategic importance.
Existing investors Terra Drone (drone services provider in Japan), QBIC and PMV (Belgian early stage investors) also participated in the round. Bryan, Garnier & Co., Europe’s growth investment bank, advised Unifly on this transaction.
Unifly is the leading provider of UTM software worldwide, enabling the tracking and management of drones alongside commercial aviation in order to provide visibility on where drones can fly, request and provide flight approvals, manage potential conflicts and implement regulations including no-fly zones. The company has won national level contracts with the ANSPs of Germany, Belgium, Denmark and Austria, and is the selected provider in several US regions including the pioneering NuAir North Eastern UAS flight corridor and research site. Unifly manages drone corridors in Japan and Malawi among others and is a selected technology provider for the US FAAs LAANC program.
PWC estimates the global market potential for commercial use of drones at more than US $127 billion, but the growing deployment of drones gives rise to predictable challenges including safety, security and privacy, as highlighted by recent drone disruptions around Gatwick, Newark and Frankfurt airports. Read more