About Flytrex
Flytrex is a company based in Tel Aviv (Israel) founded in 2013 by Yariv Bash and Amit Regev.. Flytrex has raised $58.5 million across 5 funding rounds from investors including OurCrowd, Benhamou Global Ventures and Israel Innovation Authority. Flytrex offers products and services including Flytrex App and Drone Delivery Service. Flytrex operates in a competitive market with competitors including Volansi, Zipline, Elroy Air, DroneUp and Wing, among others.
- Headquarter Tel Aviv, Israel
- Founders Yariv Bash, Amit Regev
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Sectors
ConsumerAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Flytrex Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$58.5 M (USD)
in 5 rounds
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Latest Funding Round
$40 M (USD), Series C
Nov 19, 2021
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Investors
OurCrowd
& 10 more
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Employee Count
Employee Count
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Products & Services of Flytrex
Flytrex offers a comprehensive portfolio of products and services, including Flytrex App and Drone Delivery Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for ordering and tracking drone-delivered food and goods.
Service for fast, direct delivery of items to backyards.
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Funding Insights of Flytrex
Flytrex has successfully raised a total of $58.5M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $40.0M
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First Round
First Round
(03 Jan 2017)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series C - Flytrex | Valuation | BRM | |
| Mar, 2021 | Amount | Series C - Flytrex | Valuation |
investors |
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| Mar, 2021 | Amount | Grant - Flytrex | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Flytrex
Flytrex has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include OurCrowd, Benhamou Global Ventures and Israel Innovation Authority. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment and technology solutions are provided by BRM Group.
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Founded Year | Domain | Location | |
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Venture capital firm investing in AI and cross-border enterprise startups from Silicon Valley.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flytrex
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Flytrex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flytrex Comparisons
Competitors of Flytrex
Flytrex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Volansi, Zipline, Elroy Air, DroneUp and Wing, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
VTOL drone delivery solutions for logistics are provided.
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| domain | founded_year | HQ Location |
Drones are operated for on-demand delivery of medical supplies.
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| domain | founded_year | HQ Location |
Autonomous aircraft systems are developed for cargo delivery operations.
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| domain | founded_year | HQ Location |
AI-powered unmanned air traffic control systems are provided.
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| domain | founded_year | HQ Location |
Drone-based on-demand delivery services and traffic management software are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flytrex
Frequently Asked Questions about Flytrex
When was Flytrex founded?
Flytrex was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Flytrex located?
Flytrex is headquartered in Tel Aviv, Israel.
Who is the current CEO of Flytrex?
Yariv Bash is the current CEO of Flytrex. They have also founded this company.
Is Flytrex a funded company?
Flytrex is a funded company, having raised a total of $58.5M across 5 funding rounds to date. The company's 1st funding round was a Series C of $8M, raised on Jan 03, 2017.
What does Flytrex do?
Flytrex was founded in 2013 in Tel Aviv, Israel, within the drone logistics sector. Cloud-based platforms for on-demand e-commerce deliveries are operated using drones. Navigation is achieved through GPS and sensors, with secure features like wireless parcel drops and fastened transport boxes incorporated. Suburban fast-moving consumer goods deliveries are facilitated for retailers, online marketplaces, restaurants, and logistics providers.
Who are the top competitors of Flytrex?
What products or services does Flytrex offer?
Flytrex offers Flytrex App and Drone Delivery Service.
Who are Flytrex's investors?
Flytrex has 11 investors. Key investors include OurCrowd, Benhamou Global Ventures, Israel Innovation Authority, BRM, and Lukasz Gadowski.
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