Online investment platform SeedBlink is raising money for Dronamics for the second time.
SeedBlink is a European securities crowdfunding platform that seeks to list private securities for firms raising capital from VCs as well. SeedBlink is approved under ECSPR and thus can raise funds across all EU member states.
Dronamics was the first Bulgaria-based company to list on SeedBlink, which raised money in 2021 from 200 investors. At that time, Dronamics raised €900,000 as part of a €15 million funding round at a valuation cap of €125 million
Dronamics is a “licensed cargo drone airline” that says it has developed a new type of cargo drone which is remotely-piloted that is designed to be suitable for a longer range and higher load factor than current electric solutions. The company plans to start commercial operations at the end of 2023.
This pre-Series A round aims to raise €2 million on SeedBlink, with a minimum investment of €2500. Deal terms are available for registered investors. The offering is live today and scheduled to close on July 31st.
Angel Hadjiev, Country Manager Bulgaria at SeedBlink, says this round arrives a few months before a priced Series A round.
Svilen Rangelov, Co-Founder and CEO of Dronamics, says their goal is to transform the way goods are transported – faster and more efficiently.
The company’s “Black Swan” drone is designed to provide same-day deliveries, integrated into existing supply chains. The drone is said to be a technological leap forward in the industry. The drone can carry the same load as a typical cargo van – up to 2500 km. The company reports that it has the appropriate licenses in place to operate.
“With a range of up to 2,500 km and up to 350 kg cargo capacity, the Black Swan offers not only enhanced operational capabilities but also substantial environmental benefits. When compared to conventional cargo transport methods, the Black Swan stands out by reducing emissions by up to 60%, saving time by up to 80%, and cutting costs by up to 50%,” explained Rangelov.
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