# Flytrex

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flytrex

- Industry: Aerospace
- Headquarters: Tel Aviv, Israel
- Website: www.flytrex.com
- Total disclosed funding: $48M
- Latest round: Series C (Nov 19, 2021)
- Investors on record: 5

## About

Flytrex Inc. specializes in drone delivery services, providing rapid product deliveries to suburban communities in the United States, enhancing convenience and accessibility for local consumers.Founded in 2013 and headquartered in Tel Aviv, Israel, Flytrex Inc. focuses on drone delivery services for suburban areas. The company has executed a total of 6 deals, with the latest funding round, Series C, raising USD 40.00 mn on November 19, 2021, led by BRM Group and including participation from other investors such as OurCrowd, BackBone Ventures, Benhamou Global Ventures, and b2venture. The founder, Amit Regev, has a history in technology and innovation, contributing to the company's growth trajectory.Flytrex specializes in drone delivery services tailored specifically for suburban communities in the United States. Their primary service enables customers to receive a wide range of products—ranging from food items like Chinese takeout and coffee to other essentials—delivered directly to their backyards within five minutes. This unique service model addresses the demand for quick and efficient delivery solutions in less urbanized areas, and it operates using certified drones, ensuring both safety and compliance with local regulations. Flytrex's client base includes local restaurants and retailers, which benefit from the company's commitment to fair revenue-sharing practices, thereby promoting community support. Currently, Flytrex operates in several geographical markets including Granbury, Little Elm, Holly Springs, and Raeford, with ongoing efforts to expand its delivery zones as demand increases.Flytrex generates revenue through direct-to-consumer transactions, primarily by facilitating the delivery of goods for local restaurants and retailers. Customers utilize the Flytrex app to place orders, which are then fulfilled via the company's drone fleet. The service model includes partnerships with restaurants, allowing them to list their offerings on the app and receive a portion of the sales directly from deliveries made. The revenue structure is designed to promote community engagement, providing local businesses with an opportunity to reach a wider audience without the high commission fees typically charged by other delivery platforms.In November 2021, Flytrex Inc. raised USD 40.00 mn in Series C funding to further develop its hardware and software while expanding its service to additional markets across the United States. The company is focused on enhancing its delivery capabilities and is exploring entry into new geographical regions to meet growing consumer demand.

## Funding rounds

- Series C, Nov 19, 2021, $40M — BRM Group, BGV, b2venture, OurCrowd, BackBone Ventures
- Series B, Jan 8, 2019, $7.5M — BGV, b2venture

## Investors

- BGV (https://capitalatlas.ai/funds/bgv) — Series B, Series C
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series B, Series C
- BRM Group (https://capitalatlas.ai/funds/brm-group) — Series C
- OurCrowd (https://capitalatlas.ai/funds/ourcrowd) — Series C
- BackBone Ventures (https://capitalatlas.ai/funds/backbone-ventures) — Series C