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High Tech Series B Founded 2010

Hoverfly Tech

Designs and manufactures tethered unmanned aerial vehicles. Its drones are both tethered drones using tether systems, allowing them to be used for continuous surveillance or coverage of long-duration events. The company also builds flight control boards for drones and sells them on a stand-alone basis on its online store. Founded in 2010, headquartered in Orlando, United States. The company has raised $49.6M in…

📍 Orlando, United States · Drones,

Funding snapshot

Last roundSeries B
Amount$25M
Date15 August 2025
Total raised$50M
Team size56

About

Designs and manufactures tethered unmanned aerial vehicles. Its drones are both tethered drones using tether systems, allowing them to be used for continuous surveillance or coverage of long-duration events. The company also builds flight control boards for drones and sells them on a stand-alone basis on its online store. Founded in 2010, headquartered in Orlando, United States. The company has raised $49.6M in funding at the series b stage. The team comprises 56 (May 31, 2026) employees. Hoverfly Tech operates in the Drones, Aerospace sectors. The company focuses on Tethered Drones. Notable investors include Leonardo DRS, KRM, Gaspar Global Ventures, PJM Advisors. The company has a team of 56 employees.

Business model

Drones > Commercial Drones > Multi Utility > Tethered Drones

Institutional investors

Leonardo DRS KRM Gaspar Global Ventures PJM Advisors

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