Drone startup and University Twente spin-off Clear Flight Solutions got a 1,6 million euro investment from the Cottonwood Euro Tech Fund, making it the first European investment for the American VC.
Cottonwood (CTF) last year opened an European office in Enschede, a strategic place, since CTF focuses on high-tech startups.
With the investment Clear Flight Solutions (CFS) can focus on becoming worldwide market leader in bird control solutions with their lifelike robotic birds.
The damage birds inflict at airports worldwide is estimated in the billions of dollars, mainly in property damage. Birds also create damage in agriculture, at waste management sites, oil and gas industrial sites and at harbours.
What CFS does is making drones mimicking a natural enemy of the birds, called robirds. ‘Traditional’ scarecrow tactics won’t work anymore, because the birds are learning. The only thing that scares them for real is a predator, a bird of prey.
“Clear Flight Solutions has developed technology with tremendous potential that addresses a global problem. We have also identified various other applications of the technology. That makes this the ideal business case for our first European investment”, says Ray Quintana, lead general partner of the Cottonwood Euro Technology Fund.
Alan is serial entrepreneur, active angel investor, and a drone enthusiast. He co-founded DRONELIFE.com to address the emerging commercial market for drones and drone technology. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com. Recently, Alan has co-founded Crowditz.com, a leader in Equity Crowdfunding Data, Analytics, and Insights. Alan can be reached at alan(at)dronelife.com