# Wingtra

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

- Industry: Hardware
- Headquarters: Zurich, Switzerland
- Website: www.wingtra.com
- Total disclosed funding: $32M
- Latest round: Series B (Mar 20, 2023)
- Investors on record: 9

## About

Based in Switzerland, Wingtra AG operates as a provider of innovative drone surveying solutions, focusing on high-performance aerial data capture to enhance efficiency in geospatial data collection.Wingtra AG, founded in 2014 in Zurich, Switzerland, specializes in advanced drone solutions for surveying applications. The company was co-founded by Basil Weibel, Elias Kleimann, Maximilian Boosfeld, and Sebastian Verling. Maximilian Boosfeld currently serves as CEO. Wingtra AG has successfully raised USD 22.00 mn in SERIES B funding as of March 20, 2023, with prominent investors including Columbia Equity Partners and the European Innovation Council. The company has closed a total of 4 deals to date.Wingtra AG specializes in providing advanced drone surveying solutions primarily through its flagship product, the WingtraOne GEN II. This high-performance surveying drone is designed for efficient aerial data capture across extensive areas, capable of surveying up to 460 hectares (1140 acres) in a single flight. The system incorporates the MAP61 RGB sensor and onboard PPK (Post Processed Kinematic) module, enabling users to achieve up to 3 cm (0.1 ft) accuracy under optimal conditions. The core functionality revolves around collecting precise geospatial data, which is processed to generate deliverables such as orthomosaics, point clouds, and contour lines. The primary target customers include surveyors, GIS professionals, and construction and environmental firms operating in markets across North America, Europe, and parts of Asia. With a focus on compliance with US and European regulations, Wingtra AG aims to enhance the efficiency and accuracy of surveying workflows while significantly reducing the time and costs associated with traditional surveying methods.Wingtra AG generates revenue through direct sales of its products and subscription services for its software solutions. The primary transaction structure involves B2B interactions, where survey firms and related businesses purchase the WingtraOne drone along with optional components such as the WingtraGROUND field surveying kit and Wingtra PRO subscription. These offerings are priced to reflect their advanced technology and capabilities but are packaged to provide value through efficiency gains and cost savings. The subscription service allows clients to access enhanced features for data processing and management, thereby establishing a recurring revenue stream. Specific pricing details for the products and services are tailored around the customer’s project needs, ensuring that clients receive a comprehensive solution that fits their operational demands.In March 2023, Wingtra AG raised USD 22.00 mn in SERIES B funding to bolster its drone solutions and expand its operations globally. The company plans to enhance its product offerings with upcoming releases aimed at improving surveying accuracy and efficiency. Additionally, Wingtra AG is targeting expansion into new markets, including Asia and Latin America, with an anticipated timeline for market entry set for late 2024. The recent funding will be instrumental in supporting these initiatives and strengthening its market position.

## Funding rounds

- Series B, Mar 20, 2023, $22M — Columbia Equity Partners, ACE & Company, EquityPitcher Ventures, European Innovation Council, Verve Ventures
- Series A, May 23, 2019, $10M — Credit Suisse, Zürcher Kantonalbank, investiere, Helvetica Capital, Verve Ventures

## Investors

- Credit Suisse (https://capitalatlas.ai/funds/credit-suisse) — Series A
- Zürcher Kantonalbank — Series A
- investiere — Series A
- Helvetica Capital (https://capitalatlas.ai/funds/helvetica-capital) — Series A
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Series A, Series B
- Columbia Equity Partners (https://capitalatlas.ai/funds/columbia-equity-partners) — Series B
- ACE & Company (https://capitalatlas.ai/funds/ace-company) — Series B
- EquityPitcher Ventures (https://capitalatlas.ai/funds/equitypitcher-ventures) — Series B
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series B