One of Europe’s most important drone companies has just raised a new massive round of financing. And Peter Thiel is behind it.
What’s happening:
- German based drone company Quantum Systems has raised €180M in an extension of their Series C financing round
Why it matters:
- The new funding round was led in part by Peter Thiel’s family office Thiel Capital who was an early investor in Quantum Systems
Going deeper:
- Quantum Systems has quickly become one of the most advanced long endurance drone companies in Europe for combat purposes as well as manufacturing drones for surveillance and security missions
- The holding company of Porsche also invested in Quantum Systems' Series C extension round
The intrigue:
- Peter Thiel has been making a flurry of bets on European drone companies lately, including notably being a large investor in military drone company Stark
