Higher! Further! The HTGF invests in the Munich based drone startup FairFleet
August 8, 2018
Booking a complex drone flight in just 30 seconds? The one-stop-shop for drone services FairFleet makes it possible. FairFleet covers the entire value chain from flight booking to data analysis in a full-service approach. Customers benefit from an uncomplicated inquiry, fast feedback, a transparent pricing model and legal security for all bookings. From now on the HTGF is joining as co-pilot.
From DJI to home made
Modern drones have become true all-rounders in the recent years. Today, they are also used for inspections and a wide variety of analyses. Not only do they provide more accurate and more comprehensive datasets, they are also more efficient and secure in terms of execution. The fields of application are diverse: FairFleet operates its services in industries such as real estate, insurance, energy, agriculture and large infrastructure projects. The industry more and more appreciates the accurate and high-quality data processing of aerial images which are captured with various sensors.
The one-stop-shop for drone services
As a full-service provider, FairFleet covers the entire process for its customers via their platform: from booking, airspace approval, pilot management, aerial survey to data analysis. FairFleet CEO Florian Waubke: “In a holistic approach, we take away all the complexity associated with drone flights and the potential legal uncertainties from our customers. With standardized products, we would like to continuously expand the potential applications for drones.”
FairFleet’s platform enables to offer both: drone flights to a broad target group in a mass market approach and – in the future – the management of autonomous flights. With over 1,600 verified and professional pilots in over 42 countries, FairFleet offers the largest European network. FairFleet guarantees the highest quality standards – both in terms of technology used and licensed pilots.
Dr. Olaf Joeressen, investment manager from High-Tech Gründerfonds: “Transforming a complex product into a simple service has often been the starting point for exponential growth and large companies. I believe FairFleet, as a full-service provider, is perfectly positioned to generate such growth and become the market leader in Europe and beyond.” FairFleet is looking forward to join the HTGF portfolio, one of the leading VCs in Germany. FairFleet CEO Florian Waubke: “For our customers, it is a direct investment in our products and a strengthening of the vision to offer drone services even better and more comprehensively in the future.”
About FairFleet GmbH
FairFleet, headquartered in Munich, is a full-service provider of drone services. Since the launch in mid-2016, the network has grown strongly, with FairFleet now having more than 1,600 professional pilots in 42 countries. The company offers the largest one-stop shop for drone services to its B2B customers from various industries in Europe.
About High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is a seed investor that finances high-potential, tech-driven start-ups. With EUR 892.5 million in total investment volume across three funds (EUR 272 million in HTGF I, EUR 304 million in HTGF II and EUR 316.5 million for HTGF III) and an international partner network, HTGF has already backed up 500 start-ups since 2005. Driven by their expertise, entrepreneurial spirit and passion, its team of experienced investment managers and start-up experts help guiding the development of young companies. HTGF’s focus is on high-tech start-ups across a range of sectors, including software, media, internet, hardware, automation, health care, chemicals and life sciences. Up to now, external investors have invested over EUR 1,8 billion into the HTGF portfolio via more than 1,300 follow-on financing rounds. HTGF has also successfully exited shares of more than 90 companies.
Investors in this public-private partnership include the Federal Ministry For Economic Affairs and Energy, the KfW Banking Group, Fraunhofer-Gesellschaft e.V., as well as the companies ALTANA, BASF, BAYER, B.Braun, Boehringer Ingelheim, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.