# Drone Evolution

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drone-evolution

- Industry: Aerospace
- Headquarters: Caerphilly, UK
- Website: www.dronevolution.co.uk
- Total disclosed funding: $0.2M
- Latest round: Seed (Oct 19, 2018)
- Investors on record: 1

## About

Drone Evolution Ltd., based in the UK, specializes in providing advanced drone services, focusing on safety and efficiency across multiple sectors, including construction and agriculture.Founded in 2017 and headquartered in Caerphilly, UK, Drone Evolution Ltd. offers professional drone services, including aerial inspections and thermal imaging. The company has successfully secured funding from British Business Bank and Foresight Group Holdings, raising GBP 850,000 in their most recent funding round on November 8, 2024. The founder, Toby Townrow, has a track record of innovation in the drone service sector, positioning the company for further growth.Drone Evolution specializes in professional drone services, emphasizing safety, efficiency, and innovation across various industries in the UK and internationally. Their offerings include aerial inspections, surveying, thermal imaging, and virtual tours, using advanced drone technology to ensure high-quality results. With a national team of qualified drone pilots, they guarantee consistent and reliable service delivery. Their patented SkyWire tethered drone system enhances data collection capabilities, particularly for traffic monitoring. Primary customers include sectors such as construction, real estate, agriculture, and government agencies.The company follows a B2B business model, providing customized drone services to corporate clients through direct service contracts and project-based agreements. Pricing is project-specific, influenced by the complexity and scope of services, including key offerings like drone surveying and thermal inspections. This transparent pricing model aids in maintaining ongoing client relationships and delivering high-quality services tailored to customer needs.Following their recent funding of GBP 850,000 in November 2024, Drone Evolution Ltd. plans to further develop its product offerings and enhance marketing strategies. The funding will support upcoming projects aimed at expanding into new geographic regions and markets, with a focus on increasing their presence in Europe and North America by 2025. The company aims to leverage its innovative technologies to meet growing demand in various sectors, ensuring sustained growth and service enhancement.

## Funding rounds

- Seed, Oct 19, 2018, $0.2M — Development Bank of Wales

## Investors

- Development Bank of Wales (https://capitalatlas.ai/funds/development-bank-of-wales) — Seed