Overview
Budapest-based ABZ Innovation has raised €7 million to scale production and expand into global markets, aiming to challenge China's dominance in the drone industry. The funding round was led by Vsquared Ventures, with participation from Day One Capital and Assembly Ventures. CEO Karoly Ludvigh emphasized the company's mission to create drones that enhance safety and efficiency in agriculture and industry. This investment will support deeper R&D and a growing network of distributors.
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Investors: Vsquared Ventures, Day One Capital, Assembly Ventures
Budapest-based ABZ Innovation has raised €7 million to scale production and expand into global markets, aiming to challenge China's dominance in the drone industry. The funding round was led by Vsquared Ventures, with participation from Day One Capital and Assembly Ventures. CEO Karoly Ludvigh emphasized the company's mission to create drones that enhance safety and efficiency in agriculture and industry. This investment will support deeper R&D and a growing network of distributors.