Australian drone analytics startup Propeller Aero raises $18m new funding

Programming language codes. Source: Markus Spiske/Unsplash

Australian provider of drone-mapping and analytics solutions Propeller Aero has raised $18.3 million from investors including Blackbird Ventures.

Existing investors Sequoia Capital China and US-based firms Accel Partners and Costanoa Ventures also participated in the round, AVCJ reported.

The startup raised $10 million in its Series A round in 2018 which was also joined by the four investors.

With this round, the total funding raised by Propeller Aero stands at $32.3 million to date.

Founded in 2014 by Francis Vierboom and Rory San Miguel, Propeller offers cloud-based drone analytics solutions that visualise drone survey data to help measure and manage mining, quarries and construction sites.

Blackbird Ventures is an Australia and New Zealand-focused VC investing in inherently global internet businesses.

Blackbird closed its A$225 million ($163.9 million) third fund backed by Hostplus, First State Super, and Future Fund in 2018. Its maiden fund was followed by a A$200-million second fund in 2015.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.