Last updated January 19th 2017

January 4, 2017 | Israeli startup Flytrex, which is developing a drone delivery solution, has raised $3 million, “TechCrunch” reports. The round was led by Swiss-based Armada VC, owned by Daniel Aegerter, as well as private angel investors Daniel Gutenberg and Joey Low with the participation of several unnamed private angel investors. Flytrex’s platform is designed for delivery companies or large retailers desiring to implement drone delivery. The platform provides a cloud solution for the tracking and management of delivery drones. The company is also developing drone hardware tailored for point-to-point or point-to-area delivery. Based in Tel Aviv, Flytrex was founded by CEO Yariv Bash and Amit Regev. Learn more about the company in our recent story.