Flytrex

📍 Tel Aviv, Israel🗓 Founded 2013👥 80 employees💰 Last funded Feb 2022
Software Development🌐 flytrex.com
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In a nutshell, Flytrex is building the worlds first drone based delivery service - cutting delivery costs and times by an order of magnitude in an (almost) infinite market. Flytrex Aviation Ltd was established in Israel in late 2013. In August 2017 Flytrex launched the world’s first fully operational, regulatory approved, on-demand drone delivery service in Reykjavik, Iceland, and became the leading competitor in the race to deploy a true on-demand delivery service via autonomous vehicles. The Flytrex system was approved by ICETRA (Iceland’s Civil Aviation Authority) and insured, and set precedent after being granted approval to operate BVLOS (Beyond Visual Line of Sight) and above populated regions, in a first world country. Flytrex was also selected to participate in the FAA’S Drone Pilot Program, partnering with North Carolina’s Department of Transportation and taking on the challenge to establish the first drone based delivery service in the United States. While the majority of packages that require transit across cities are no heavier than 2lbs, Flytrex drones are able to carry up to 6.5lbs and travel a distance of approximately 6 aerial miles. The drones require minimal handling thus reducing manpower, and ensuring a quick delivery every single time.
9
Total investors
0
Early stage
2
Mid stage
7
Late stage
2013
Founded

Investors

9 investors
All
Early stage
Mid stage
Late stage
Investor geography3 countries
Israel
6
Switzerland
2
France
1
Investor activity2016–2022 · investors recorded per year
2016120181201912021220224
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Flytrex?
Flytrex has 9 investors on record on gritt.io, 2 mid-stage and 7 late-stage investors.
When did Flytrex last raise funding?
The most recent investment in Flytrex recorded on gritt.io was in February 2022.
When was Flytrex founded?
Flytrex was founded in 2013.
What industry is Flytrex in?
Flytrex operates in Software Development. Find similar Software Development investors on gritt.io.
Where is Flytrex based?
Flytrex is headquartered in Tel Aviv, Israel.