Frontline, a company that develops and manufactures robotic systems and drones, has raised $150,000 from venture capital fund Angel One.
Frontline, a company that develops and manufactures robotic systems and drones, has raised $150,000 from venture capital fund Angel One.
Today, dev.ua told us which startups are of interest to the venture fund Angel One, which invests in both civilian and defense projects, but through syndicated deals.
The fund's managing partner Ivan Petrenko said that Angel One has already financed 7 defense startups. Among the latest investments this year is Frontline.
The startup Frontline develops solutions for the defense sector, such as drone-bombers "Linza" and reconnaissance drones "Zoom" , as well as combat robotic systems "Storm" . The funds raised will accelerate production and increase the volume of product deliveries to the front, writes Mind.
In early December, Frontline attracted $100,000 in investment from the Estonian Startup Wise Guys fund . In August, the startup received a grant of UAH 2 million from the Brave1 defense technology support cluster.
