Tech Company Financing Transactions
Orqa Funding Round
Orqa secured a $6 million Seed funding round on 12/18/2024. Backers included Lightspeed Venture Partners, Day One Capital and Decisive Point.
Transaction Overview
Company Name
Announced On
12/18/2024
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to capitalize on two major market opportunities: Defense Sector Demand for 'Precise Mass': The global defense landscape is evolving rapidly, with NATO and allied nations demanding cost-effective, scalable solutions to strengthen military readiness. Orqa's ability to design and produce all core drone components in-house ensures compliance with stringent regulations, including the U.S. National Defense Authorization Act (NDAA). Enterprise Adoption of Autonomous Solutions: Orqa is also expanding its footprint in the enterprise market, targeting applications such as remote inspection, security surveillance, and emergency response. The funding will also be used to expand its team, with a focus on strengthening software, sales and manufacturing capabilities.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
Osijek, Undisclosed
Croatia
Osijek, Undisclosed
Croatia
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Orqa, an Osijek, Croatia-based company which specializes in advanced autonomous drone solutions
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Srdjan Kovacevic
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