Energy Transition Ventures’ First Investee Strikes Again, Raising $55 mm

ETV Backs Dronebase as Its First Investment in Early 2021

In 1Q of 2021 ETV backed its first investment, Dronebase, as the only new investor in a Union Square Ventures led round, for a company we viewed as on the cusp of breaking out.

Within 2 quarters Dronebase had secured a growth round led by well regarded family office Euclidean Capital, and continued to push its customer growth into wind, solar, built environment, and lately utilities sectors.

Strategic Acquisitions and Innovations in Solar and Utilities

Since we joined, Dronebase has acquired Inspection2 in the UK and AirProbe in India to expand capabilities in solar and utilities, and launched the North American solar scan to dramatically cut the cost of utility-scale PV asset inspection and inspect every solar farm in the US.

Rebranding and Major Expansion Round in Late 2022

In 4Q22, Dronebase struck again, announcing today it has rebranded to Zeitview and closed a $55 mm expansion round led by Valor Equity.

Further Reading

Check out the Techcrunch or Axios articles today for details.

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