Scaling New Heights: $2.5M Pre-Series A Fundraise for Agri-Drone Expansion

Deal Type

Pre-Series A ($2.5M)

Deal Type

Pre-Series A ($2.5M)

Deal Type

Pre-Series A ($2.5M)

Industry

DroneTech

Industry

DroneTech

Industry

DroneTech

Year

2020

Year

2020

Year

2020

Beyond played a crucial role in helping the same agri-drone company raise $2.5 million in a pre-Series A round. Following a successful seed round, the company had demonstrated strong product-market fit through pilot projects and initial customer adoption. However, they needed additional capital to scale production, enhance sales, and enter new geographic markets. Beyond crafted a detailed financial model and a clear growth strategy, positioning the company as a rising leader in the agri-tech space. The pitch emphasized the proven results from initial deployments, growing demand for precision agriculture solutions, and the potential for significant disruption in the farming industry. We reached out to targeted investors, including existing backers and new venture funds focused on agritech. The $2.5 million raised allowed the company to scale its operations significantly, ramping up production and expanding its market reach. Additionally, the funds supported further development of their proprietary drone technology, which incorporated AI-driven analytics to provide real-time data to farmers. Beyond’s strategic advisory throughout the fundraise ensured that the company received not only capital but also the right strategic partners to fuel future growth. This raise positioned the company for continued success, setting the stage for their subsequent Series A round.