# Flytrex

**Source:** https://www.startuphub.ai/startups/flytrex
**Profile type:** Startup

> Drone delivery service reducing costs and delivery times for businesses.

## About

In a nutshell, Flytrex is building the world's first drone based delivery service - cutting delivery costs and times by an order of magnitude in an (almost) infinite market.Flytrex Aviation Ltd was established in Israel in late 2013.In August 2017 Flytrex launched the world’s first fully operational, regulatory approved, on-demand drone delivery service in Reykjavik, Iceland, and became the leading competitor in the race to deploy a true on-demand delivery service via autonomous vehicles. The Flytrex system was approved by ICETRA (Iceland’s Civil Aviation Authority) and insured, and set precedent after being granted approval to operate BVLOS (Beyond Visual Line of Sight) and above populated regions, in a first world country. Flytrex was also selected to participate in the FAA’S Drone Pilot Program, partnering with North Carolina’s Department of Transportation and taking on the challenge to establish the first drone based delivery service in the United States.While the majority of packages that require transit across cities are no heavier than 2lbs, Flytrex drones are able to carry up to 6.5lbs and travel a distance of approximately 6 aerial miles. The drones require minimal handling thus reducing manpower, and ensuring a quick delivery every single time.

## Key facts

- **Slug:** flytrex
- **Website:** http://www.flytrex.com
- **Location:** Tel Aviv, Israel
- **Founded:** 2013-11-01 00:00:00
- **Employees:** 87
- **Operating status:** Active
- **Total funding:** $60M
- **Sectors / tags:** Drones, Delivery, Autonomous, App, Drone Technology, LogisticsTech, Food Delivery, Last-Mile Delivery, Autonomous Systems, Robotics
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/flytrex/

## Frequently asked

### What does Flytrex do?

In a nutshell, Flytrex is building the world's first drone based delivery service - cutting delivery costs and times by an order of magnitude in an (almost) infinite market.Flytrex Aviation Ltd was established in Israel in late 2013.In August 2017 Flytrex launched the world’s first fully operational, regulatory approved, on-demand drone delivery service in Reykjavik, Iceland, and became the leading competitor in the race to deploy a true on-demand delivery service via autonomous vehicles. The Fl…

### What is Flytrex's revenue?

StartupHub estimates Flytrex's annual revenue at $23.1M (range $22.0M to $52.0M, 62% confidence), based on comparable companies in the sector.

### What is Flytrex's valuation?

StartupHub estimates Flytrex's effective valuation at $248.5M (range $149.5M to $358.8M, 10% confidence), based on comparable companies in the sector.

### How much funding has Flytrex raised?

Flytrex has raised a total of $60M in funding. The most recent round on record is Series C.

### Where is Flytrex headquartered?

Flytrex is headquartered in Tel Aviv, Israel.

### When was Flytrex founded?

Flytrex was founded in 2013.

### What industry does Flytrex operate in?

Flytrex operates in Drones, Delivery, Autonomous, App, Drone Technology, LogisticsTech.

### How many employees does Flytrex have?

Flytrex has approximately 87 people on record.

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