The enterprise drone house has been heating up over the previous couple years, however a startup within the leisure drone house is elevating the large money now.
The Drone Racing League is within the means of elevating as much as $50 million from buyers in a Series C spherical in line with SEC docs revealed immediately. The startup has already raised over $26 million of that determine and is seeking to safe further buyers to shut out the remaining. Investors within the new spherical seem to already embrace Lux Capital and RSE Ventures.
We reached out to Drone Racing League for remark.
The firm had beforehand raised $32 million in funding from backers together with Sky, CRCM Ventures and Hearst Ventures. Drone Racing League closed a $20 million Series B in 2017.
The startup, because the identify implies, is within the enterprise of speedy drone racing. It was based in 2015 with the objective of capitalizing on among the pleasure across the expertise, whereas aiming to construct out a league that captured the fun of airborne Formula-1 racing.
We did a deep dive on the corporate’s efforts again in 2016 and the encircling drone racing fanatic house. The athletes fly custom-built {hardware} at 90 miles per hour in tourneys that happen at websites starting from empty warehouses to skilled sports activities arenas. Races have been broadcast on NBC Sports, Twitter, Sky Sports and FOX Sports Asia in line with the startup.
