uAvionix Garners $5,000,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=984bee35-ff7b-4c16-a0e1-dafa0670c4e0
Date
4/29/2016
Company Name
uAvionix
Mailing Address
380 Portage Ave. Palo Alto, CA 94306 USA
Company Description
uAvionix develops the world’s smallest, lightest and most affordable family of ADS-B transponders, receivers and navigation tools. uAvionix’ Ping network system combines hardware, software, and real time airspace mapping to enable companies to safely and reliably operate drones in the NAS.
Website
http://www.uavionix.com
Transaction Type
Venture Equity
Transaction Amount
$5,000,000
Transaction Round
Series A
Proceeds Purposes
The investment will be used to further accelerate the development and commercialization of uAvionix’s groundbreaking avionics system.
M&A Terms
Venture Investor
Playground Global
Venture Investor
Undisclosed