Hoverfly Technologies Raises $20M in Series B

Hoverfly Technologies has successfully raised $20M in a Series B at a $100M valuation led by Shield Capital, Razor's Edge Ventures.

Company Overview

Hoverfly Technologies is a Defense Tech company headquartered in Orlando, FL, founded in 2019 with 90+ employees.

Tethered drone systems for persistent surveillance and security

Fundraising Details

Amount Raised: $20M
Round Type: Series B
Valuation: $100M
Date: 2025-10-11
Investors: Shield Capital, Razor's Edge Ventures

About Hoverfly Technologies

Tethered drone systems for persistent surveillance and security The company is positioned in the Defense Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Orlando, FL
Founded: 2019
Team Size: 90+
Industry: Defense Tech

What This Means

This funding round demonstrates strong investor confidence in Hoverfly Technologies's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Defense Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Hoverfly Technologies's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $100M valuation marks an important milestone for Hoverfly Technologies, positioning the company among notable players in the Defense Tech industry.

Looking Ahead

With this new capital, Hoverfly Technologies is well-positioned to execute on its growth strategy and continue building innovative solutions in the Defense Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-10-11. For more information about Hoverfly Technologies, visit their headquarters at Orlando, FL.