Context
Founded in 2012, Unifly NV is the leading global provider of unmanned traffic management (UTM) software for tracking and management of drones alongside commercial aviation.
Unifly has won national level contracts with the air navigation service providers (ANSPs) of Germany, Belgium, Denmark and Austria, and is the selected provider in several US regions including the pioneering NuAir North Eastern drones flight corridor. Unifly is a selected technology provider under US Federal Aviation Agency (FAA) programs.
Growing deployment of drones gives rise to predictable challenges around safety, security and privacy, as highlighted by recent drone disruptions around Gatwick, Newark and Frankfurt airports. The legislation is rapidly coming into place, with European countries mandated to select a UTM provider by 2020.
This funding round will enable Unifly to continue building its world-leading capabilities, grow its international presence and secure additional contracts in the global UTM ‘land grab’. Future markets could be even larger, with the rise of air taxis, integration between autonomous cars and drones, and with drone UTM software being used for traditional aircraft as they become increasingly automated.
About Unifly
Founded in 2012, Unifly is the leading provider of UTM software worldwide, enabling the tracking and management of drones alongside commercial aviation in order to provide visibility on where drones can fly, request and provide flight approvals, manage potential conflicts and implement regulations including no-fly zones. Unifly is based in Antwerp, Belgium.
Deal Team
Should you want to know more about this transaction, you can contact one of the team members above
Bryan, Garnier & Co acts as Sole Financial Advisor to drone software leader Unifly on a EUR 17 million capital raise
Bryan, Garnier & Co acted as the Sole Financial Advisor to Unifly, completing a €17 million capital raise bringing in investors including Deutsche Flugsicherung (DFS – the national air traffic control authority of Germany) and FPIM (sovereign wealth fund of Belgium). Existing investors Terra Drone (drone service provider in Japan), QBIC and PMV (Belgian early stage investors) also participated in the round.
DFS brings considerable experience and reach to Unifly as the ANSP in Germany and as provider of air traffic control services internationally, including to Gatwick and Prestwick airports. Terra Drone provides reach into the fast-developing markets of Asia.
This transaction builds on Bryan, Garnier & Co’s recent experience across the mobility sector, including our successful €39 million capital raise for Canatu (autonomous vehicle interior displays), €20 million capital raise for Visedo (electric and hybrid drivetrains, later acquired by Danfoss), sale of SmartMeUP (AI based vision processing) to Magnetti Marelli, and the sale of Xerox’s autonomous mobility research labs to Naver.
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