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Lendurai raises €5.6M Seed, for autonomous UAV systems in GPS-denied environments

Quick Facts🗂️ Company: Lendurai Website: https://lendurai.com LinkedIn: https://www.linkedin.com/company/lendurai/ Location: Tallinn, Estonia Funding Round: Seed Amount Raised: €5.6M Lead Investor(s): Expeditions Fund Other Investors: Vsquared, HCVC, Lemonade Stand All Investors: Expeditions Fund, HCVC, Lemonade Stand, Vsquared Total Funding to Date: €5.6M Founded: 2024 Sector: Defense Technology, Autonomous UAV Systems Company...

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BYBORRE raises €16.9m Series B, for textile innovation

The textile industry generates 10% of global CO2 emissions & accounts for 20% of water waste. It is known for inefficient production processes, high energy demand & unnecessary transport of goods & people. Netherlands-based, BYBORRE is a “textile innovation company” that seeks to challenge the status quo! The company offers two products: i) “BYBORRE Create” – think of it as a “Photoshop for textiles”; users can design & produce (delivery in just 10 days) advanced knitted fabric, without technical expertise & knowledge about materials (fabrics span 50 colorways with properties like UV protection & odor resistance), knitting techniques (user can opt for rib, intarsia, 3D knit, OTW spinning) or complicated machines, ii) “BYBORRE Textiles”: users...

Dmytro Shymkiv acquires AeroDrone, focused on agricultural & military drones

Dmytro Shymkiv (previously, among others, Head of Microsoft Ukraine & Deputy Head of the Presidential Administration of Ukraine) bought a <50% stake in Ukrainian drone manufacturer AeroDrone (the transaction terms were not disclosed). Before the Ukraine war, AeroDrone was developing the "DR-60" drone (~€75k) for farmers to spray their fields with plant protection products & microfertilizers. By December 2022, the Ministry of Defense (MoD) of Ukraine had allowed two new AeroDrone (drone) models for military use. One being the "D80-Discovery" drone, which can lift up to 80kg of cargo, fly at a speed of 120km/h for 900km & perform flight tasks on autopilot. The other being the "E-300 Enterprise" drone, with a payload of up...

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