Azure Drones, a Parisian start-up specializing in drone shooting, has just finalized a fundraising of more than 1 million euros from Inter Invest Capital. The exact amount of the transaction has not been communicated by the company. At the same time, the company decided to enlist the services of Jean-Marc Crépin, former CEO of the investment fund BeCapital. He becomes Managing Director of Azur Drones, in charge of development and finance.
Founded in 2012 by Jean Gagneraud and Stéphane Morelli, the French start-up performs thermography operations, topographic surveys and inspections of structures by drone. Since its launch, Azur Drones has forged several partnerships with major French groups, such as SNCF, EDF, RATP or even Paris Aéroport (formerly Aéroports de Paris).
10 million euros in turnover within 5 years
In the civil drone market, the Parisian company has to face several French players in the sector, such as Hélicéo. Last April, the Nantes start-up completed a round of funding for a total amount of 1.5 million euros. However, the French benchmark in this area remains Delair-Tech. According to an estimate made by Le Figaro last March, the Toulouse start-up was valued at 50 million euros. In five years, it produced 300 drones.
With this new investment, Azur Drones plans to accelerate its development in France and internationally. This expansion must be accompanied by sustained double-digit growth to achieve a turnover of 10 million euros within five years. To achieve its objectives, the Parisian start-up could also commit to external growth.