Embention — Other · €7.5M

Embention, an Alicante maker of Veronte autopilots and avionics components for UAVs and eVTOL urban air mobility aircraft, received a €7.5 million capital investment from Axon Partners Group's Innovation Growth IV fund in exchange for a minority stake. The growth deal was not labelled with a venture stage; Embention had €3.3M of 2021 revenue, over 500 customers in 70+ countries including Airbus and Toyota, and 95% of sales outside Spain.