About Vertiq
Vertiq is a company based in Philadelphia (United States) founded in 2016 by Matthew Piccoli.. Vertiq has raised $2.93 million across 4 funding rounds from investors including America’s Seed Fund, Gabriel Investments and HAX. Vertiq offers products and services including 40-06 G2 Module, 60-08 G2 Module, 81-08 G2 Module, and UPF-23-12 Propeller. Vertiq operates in a competitive market with competitors including Greenjets, Jetoptera, HyPoint, Exovolar and LaunchPoint, among others.
- Headquarter Philadelphia, United States
- Founders Matthew Piccoli
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Sectors
Aerospace, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.93 M (USD)
in 4 rounds
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Latest Funding Round
$2.31 M (USD), Seed
May 02, 2022
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Investors
America’s Seed Fund
& 2 more
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Employee Count
Employee Count
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Products & Services of Vertiq
Vertiq offers a comprehensive portfolio of products and services, including 40-06 G2 Module, 60-08 G2 Module, 81-08 G2 Module, and UPF-23-12 Propeller. 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.
High-performance motor for commercial UAS with up to 2,100g thrust.
Efficient ESC and motor for UAS, supporting up to 6,600g thrust.
Advanced motor system for defense UAS with maximum 9,000g thrust.
Propeller designed for integrated UAS systems with specific range.
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Funding Insights of Vertiq
Vertiq has successfully raised a total of $2.93M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.31 million completed in May 2022. 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 4
- Last Round Seed — $2.3M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - Vertiq | Valuation |
investors |
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| Jan, 2021 | Amount | Grant - Vertiq | Valuation |
investors |
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| Nov, 2019 | Amount | Seed - Vertiq | Valuation | Gabriel Investments |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Vertiq
Vertiq has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include America’s Seed Fund, Gabriel Investments and HAX. 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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Venture capital fund backed by the US Government
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Founded Year | Domain | Location | |
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An investment group focused on early-stage technology companies.
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Founded Year | Domain | Location | |
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Startups are accelerated via a 111-day program with seed funding.
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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 Vertiq
| 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 - Vertiq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Vertiq Comparisons
Competitors of Vertiq
Vertiq 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 Greenjets, Jetoptera, HyPoint, Exovolar and LaunchPoint, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Quiet, safe electric propulsion systems for aircraft are developed.
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| domain | founded_year | HQ Location |
Propulsion and airframe systems are manufactured for UAVs and MAVs.
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| domain | founded_year | HQ Location |
Hydrogen fuel cell system
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| domain | founded_year | HQ Location |
Flying chassis and engines for drones are manufactured by Exovolar.
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| domain | founded_year | HQ Location |
Provider of hybrid electric propulsion systems and modeling software
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Vertiq
Frequently Asked Questions about Vertiq
When was Vertiq founded?
Vertiq was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Vertiq located?
Vertiq is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is Vertiq a funded company?
Vertiq is a funded company, having raised a total of $2.93M across 4 funding rounds to date. The company's 1st funding round was a Seed of $625K, raised on Jun 01, 2017.
What does Vertiq do?
Vertig was founded in 2016 in Philadelphia, United States, with a focus on the aerospace and robotics sectors. Lightweight integrated motor and propulsion systems are designed by the company for applications requiring efficiency and compactness. Operations are centered on engineering and integration of these systems, led by co-founder and CTO Matthew Piccoli. The companys domain, vertiq.co, supports its activities in the United States.
Who are the top competitors of Vertiq?
What products or services does Vertiq offer?
Vertiq offers 40-06 G2 Module, 60-08 G2 Module, 81-08 G2 Module, and UPF-23-12 Propeller.
Who are Vertiq's investors?
Vertiq has 3 investors. Key investors include America’s Seed Fund, Gabriel Investments, and HAX.
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