Evolve Dynamics secures institutional funding led by Cass Entrepreneurship Fund to accelerate growth
Cass Entrepreneurship Fund and The FSE Group back drone manufacturer Evolve Dynamics in its latest funding round.
Surrey-based engineering firm manufacturing specialised drone hardware and software solutions for emergency services and defence organisations.
Evolve Dynamics has secured institutional funding led by the Cass Entrepreneurship Fund, with participation from The FSE Group and an angel investor. The Surrey-based drone manufacturer will direct the capital towards product development, research and development, and operational scaling to meet rising demand from emergency services and defence sectors. The company currently produces the Sky Mantis drone, which offers extended flight times and weather resilience. In addition to hardware refinement, the fresh capital will support team expansion and facility upgrades to accommodate new market opportunities.
Investor perspective
"We are delighted to support the Evolve Dynamics team, who have demonstrated the value proposition of their product to their target market with strong growth to date. We’re very pleased to be helping them scale and expand into new markets. The company has an impressive number of orders already for the next few months and customer satisfaction with the drone’s performance in a range of scenarios has been excellent."
Helen Reynolds
Investment Director, Cass Entrepreneurship Fund
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Grow the team
- 04Scale operations
Investors
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About the company
Evolve Dynamics
Evolve Dynamics designs and manufactures mission-critical drone hardware and software for emergency services and defence.