{"id":4172,"date":"2023-06-06T08:02:18","date_gmt":"2023-06-06T00:02:18","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4172"},"modified":"2023-06-06T08:02:19","modified_gmt":"2023-06-06T00:02:19","slug":"daily-markup-759-aerodyne-eyes-us100m-200m-series-c-funding-and-ipo-to-advance-drone-technology-and-grow-internationally","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4172","title":{"rendered":"Daily Markup #759: Aerodyne eyes US$100M-$200M Series C funding and IPO to advance drone technology and grow internationally"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"690\" height=\"388\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/image-1-2.jpg\" alt=\"\" class=\"wp-image-4173\" srcset=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/image-1-2.jpg 690w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/06\/image-1-2-300x169.jpg 300w\" sizes=\"(max-width: 690px) 100vw, 690px\" \/><figcaption class=\"wp-element-caption\">Credit: Aerodyne<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>Taking the path more prudent<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>9-year-old company <a href=\"https:\/\/aerodyne.group\/\">Aerodyne<\/a> has been growing rapidly with 21 acquisitions around the world and 1,000 drone professionals operating across 45 countries. Next up: <a href=\"https:\/\/bit.ly\/3BSm3Rs\">raising between US$100M-US$200M in their Series C funding round, with thoughts for an initial public offering (IPO) in 2-3 years<\/a>.<\/li>\n\n\n\n<li>Founder &amp; Group CEO Kamarul A Muhamed revealed that the funding will go towards expansion and merger and acquisitions (M&amp;A) for market access and new technology.<\/li>\n\n\n\n<li>\u201cThe past few years have been good. Our revenue grew by 2.5x per annum,\u201d he shared. \u201cWe also expanded to new markets such as Brazil, Italy, Australia, and the Middle East since 2020.\u201d<\/li>\n\n\n\n<li>It\u2019s <a href=\"https:\/\/bit.ly\/43cHRn0\">amazing what the 500-backed team has achieved having raised US$68M to date<\/a>. \u201cWe have been prudent in raising capital and were relatively late to raising external capital. We used cash flow from operations for four years before raising external capital in 2018,\u201d Kamarul said. \u201cWe raise capital only for growth requirements (that is, for acquisitions, investing in new markets, etc.) and not to supplement working capital.\u201d<\/li>\n\n\n\n<li>\u201cBeing prudent in spending should be at the heart of every management conversation,\u201d he added.<\/li>\n\n\n\n<li>On the shift in growth models, he commented, \u201cWe have observed that investors in the market have placed a lot more emphasis on the \u201cpath to profitability\u201d. Markets have reacted favorably to companies that have placed spending prudence at the core of their agenda.\u201d<\/li>\n\n\n\n<li>Read the full interview on <a href=\"https:\/\/bit.ly\/43cHRn0\">e27<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Taking the path more prudent<\/p>\n","protected":false},"author":5,"featured_media":4173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[334],"class_list":["post-4172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-aerodyne"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #759: Aerodyne eyes US$100M-$200M Series C funding and IPO to advance drone technology and grow internationally - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=4172\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #759: Aerodyne eyes US$100M-$200M Series C funding and IPO to advance drone technology and grow internationally - 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