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
Not available
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Products & Services of Flytrex
Flytrex offers a comprehensive portfolio of products and services, including Flytrex App and Drone Delivery Service.
App for ordering and tracking drone-delivered food and goods.
Service for fast, direct delivery of items to backyards.
People of Flytrex
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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.
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.
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Investment and technology solutions are provided by BRM Group.
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Venture capital firm investing in AI and cross-border enterprise startups from Silicon Valley.
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Investor details for Flytrex
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Investments & Acquisitions by Flytrex
Investment portfolio details for Flytrex
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Financial Statements - Flytrex
Detailed financials for Flytrex
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Flytrex Comparisons
Peer comparison for Flytrex
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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.
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VTOL drone delivery solutions for logistics are provided.
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Drones are operated for on-demand delivery of medical supplies.
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Autonomous aircraft systems are developed for cargo delivery operations.
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AI-powered unmanned air traffic control systems are provided.
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Drone-based on-demand delivery services and traffic management software are provided.
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Detailed competitors of Flytrex
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Latest news on Flytrex
Complete news archive for Flytrex
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Frequently Asked Questions about Flytrex
Flytrex was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Flytrex is headquartered in Tel Aviv, Israel.
Yariv Bash is the current CEO of Flytrex. They have also founded this company.
Flytrex is a funded company, having raised a total of $58.5M across 5 funding rounds to date.
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.
Flytrex offers Flytrex App and Drone Delivery Service.
Flytrex has 11 investors. Key investors include OurCrowd, Benhamou Global Ventures, Israel Innovation Authority, BRM, and Lukasz Gadowski.