April 24, 2015 AT 8:15 am
3DR Expands Series C Financing to $64 Million #makerbusiness @3drobotics
3DR Expands Series C Financing to $64 Million — BERKELEY, Calif., April 23, 2015 /PRNewswire/ —.
3DR, North America’s largest manufacturer of consumer drones and founder of the world’s leading open drone software platform, today announced an expansion of its Series C round of financing from $50 million to $64 million. The additional funding is led by WestSummit Capital, with additional global investors from Asia, Europe and the U.S. participating, including SanDisk Ventures and Atlantic Bridge Ventures. 3DR initiated the Series C financing with $50 million in investment led by Qualcomm Ventures, with Foundry Group, True Ventures, OATV, Mayfield, Shea Ventures. 3DR will leverage the expertise and market knowledge from a diverse investor base to lead innovation in the dynamic and rapidly expanding global UAV market.
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