Xplorer Capital, Futury Venture lead $22m round for Wingcopter

The company plans to use the fresh capital to develop its capabilities in healthcare logistics, including for the distribution of Covid-19 vaccines. Wingcopter also intends to hire more staff in the areas of flight testing, certification, production and software development. The company aims to open a production site in the US, according to a statement.

Futury is backed by the German federal state of Hessen through BMH (Beteiligungs-Managementgesellschaft Hessen), as well as institutional and private investors. The firm invested in Wingcopter via Futury Regio Growth Fund, which generally makes growth capital and later-stage venture investments, generally investing €3-8m per round.

Hessen Kapital also participated in the round, deploying equity via Hessen Kapital III. The fund backs Hessen-based startups with fewer than 250 employees and turnover of less than €50m. The fund generally makes investments of €100,000-1.5m.

BMH also manages Mikromezzaninfonds Deutschland, Technologiefonds Hessen and MBGH (Mittelständische Beteiligungsgesellschaft Hessen).

Previous funding
Corecam Family Office backed funding rounds for Wingcopter in December 2019 and March 2020.

Company
Founded in 2017 and headquartered in Darmstadt, Wingcopter designs and manufactures delivery drones. Its current drone model is the Wingcopter 178 Heavy Lift. Customers can currently buy these drones, but Wingcopter also intends to offer customers the option to hire its drones for deliveries purchasing them. The company employs more than 100 people and has an additional production site in Weiterstadt.

People
Wingcopter – Tom Plümmer (CEO).
Xplorer Capital – Jonathan McQueen (co-founder, managing partner).
Futury Ventures – Benjamin Krahmer (managing director).

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