Scientel invests in and partners with Drone Defence, a leader in the drone detection and security market
HLaw advised Drone Defence on its £500,000 seed investment from Scientel Solutions LLC and simultaneous negotiation of a North American distribution agreement with Scientel.
Drone Defence manufactures, distributes and sells anti-drone technology, providing solutions for those looking to defend against drones in sectors as diverse as film and TV production, prisons and super yachts amongst others.
The company was founded by a former British Army Officer, Richard Gill. Richard commented, “This investment is going to drive our business forward and enable us to achieve our ambition of being part of the drive to safely integrate small autonomous vehicles into general airspace. It will allow us to hire the experts needed to develop our prior proprietary technology and integrate it with our existing market-leading mitigation technology.
Not only that, the investment has also given us the springboard to launch into the Americas markets and with early interest from significant customers it is clear that the drone security market is only set to grow.
We were glad that the HLaw team were able to guide us through the issues and they were a key part of helping us push the deal forward to completion.”
Those who are interested in the drones and UAV space might wish to read our recent summary of the applicable parts of UK data protection and privacy legislation, Drones vs privacy: Little Brother is watching you.
Deal/project: Corporate venture investment
Date closed: June 2020
Other lawyers and advisors: Brown Rudnick acting for Scientel Solutions and Hutchinson Law acting for Drone Defence as US counsel