South Africa: Drone company raises $499,000 in funding

Winnie Okello, P.E

South Africa: Drone company raises $499,000 in funding

South Africa: Drone company raises $499,000 in funding. (image: JacarandaFM)

A Cape Town-based drone operator, UAV Industries, announced on Tuesday 24 October that the company has raised ZAR6.84 million (US$499,000) in funding from Glenheim Venture Capital Company, in what was the first direct investment made by Glenheim’s Section 12J fund.

The company, which was launched three years ago, offers drone training and leasing services, and according to UAV Industries the company has seen a 300 percent year-on-year growth off the back of a multi-million Rand turnover.

According to a report by Disrupt Africa, the investment from Glenheim’s fund, which was launched at …read more

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Winnie Okello, P.E

About Winnie Okello, P.E

I Graduated from Bucknell University with a B.Sc. in Civil Engineering, an have been working in the civil & environmental engineering sector for over a decade. My areas of specialty include: Civil -(Roadway & structural analysis) and Environmental Engineering, Water Resources, Environmental/ Regulatory Compliance, Sustainability, Materials Recycling, Research, Social Justice, Diversity, Equity and Inclusion, & the Human-Element of Engineering. I am a strong advocate for more equitable representation and inclusivity of women in the STEM sectors, and more importantly, bringing the fullness of who we are to what we do.
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