Fundraising Fox

Hoverfly Technologies

Sanford, US · Delaware corporation · 4 known investors

Hoverfly Technologies manufactures tethered unmanned aerial systems for government and commercial markets, enabling persistent surveillance, targeting, and communications relay through continuous power and data delivery via a persistent tether link. The company serves armed forces branches and defense industry partners with integrated aerial platforms and open-API software solutions.

Defense TechHardwareIoTRobotics

Founders & leadership

GDGerri Dundie
Gerri DundieinVice President HR, Finance and Administration
SW
Stephen WaltersExecutive
AD
Albert DucharmeExecutive
RT
Robert ToppingExecutive
AD
Alfred DucharmeNamed on SEC filing

Board

HW
Hyung Wook BaikBoard director
AGAndrew Gaspar
Andrew GasparinBoard directorPrincipal at Gaspar Global Ventures
PM
Patrick MooreBoard director
BG
Bill GuyanBoard director
JJ
John JohnsBoard director
AH
Aaron HankinsBoard director
HC
Henry CrumptonBoard director

Investors · 4

Gaspar Global VenturesreportedNew York

Also in the syndicate · 3

Korea Robot Manufacturing (KRM)leadKRMleadLeonardo DRSlead

Reported raises · per SEC filings

Form D private placements

$49.6M disclosed across 6 rounds · 2015–2025

▶$25.3MraisedAug 2025 · 34 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Bill GuyanDirector
  • Gerri DundieExecutive Officer
  • Stephen WaltersExecutive Officer
  • Hyung Wook BaikDirector
  • Andrew GasparDirector
  • Patrick MooreDirector
  • Alfred DucharmeDirector
  • John JohnsDirector
  • Aaron HankinsDirector
Offering amount
$25.3M
Amount sold
$25.3M
Minimum investment
$12.2K
Sales commissions
$500K
Placement agents
KIPPSDESANTO & COMPANY
First sale
Aug 2025
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.9MraisedApr 2022 · 28 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • KEVIN COCHIEExecutive Officer
  • GERRI DUNDIEExecutive Officer
  • JOHN JOHNSDirector
  • ALFRED DUCHARMEDirector
  • AARON HANKINSDirector
  • STEPHEN WALTERSExecutive Officer
  • PATRICK MOOREDirector
  • ANDREW GASPARDirector
Offering amount
$12M
Amount sold
$3.9M
Minimum investment
$10K
First sale
Apr 2022
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.7MraisedAug 2020 · 29 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Stephen WaltersExecutive Officer
  • Patrick MooreDirector
  • Gerri DundieExecutive Officer
  • John JohnsDirector
  • Andrew GasparDirector
  • Robert ToppingExecutive Officer, Director
Offering amount
$17.7M
Amount sold
$10.7M
Minimum investment
$19.2K
First sale
Aug 2020
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$4MraisedOct 2018 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew GasparDirector
  • Stephen WaltersExecutive Officer
  • John JohnsDirector
  • Alfred DucharmeExecutive Officer, Director
  • Robert ToppingExecutive Officer, Director
  • Henry CrumptonDirector
Offering amount
$6M
Amount sold
$4M
Minimum investment
$5K
First sale
Jun 2017
Incorporated
Corporation, Florida
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.7MraisedJan 2017 · 20 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert ToppingExecutive Officer, Director
  • Henry CrumptonDirector
  • Andrew GasparDirector
  • Alfred DucharmeExecutive Officer, Director
Offering amount
$4.6M
Amount sold
$3.7M
Minimum investment
$50K
First sale
Dec 2016
Incorporated
Corporation, Florida
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2MraisedOct 2016 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Albert DucharmeExecutive Officer, Director
  • Robert ToppingExecutive Officer, Director
  • Henry CrumptonDirector
Offering amount
$2.5M
Amount sold
$2M
Minimum investment
$100K
First sale
Nov 2015
Incorporated
Corporation, Florida
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 3

by search overlap
Lockheedmartin72 shared keywordsLockheed Martin is a global security and aerospace company that develops military aircraft, missile defense systems, helicopters, radar and sensor systems, spacecraft, and cybersecurity capabilities for the U.S. Department of Defense, federal government agencies, and international customers.
Avinc52 shared keywordsAV builds integrated defense systems for allied military operators, including unmanned aircraft, loitering munitions, counter-UAS systems, ISR, directed energy, and autonomy software across air, land, sea, and space domains. The company reports more than 50,000 deployments across over 55 countries.
Flir FX48 shared keywordsFLIR builds thermal imaging and inspection cameras, including handheld thermal scouts and optical gas imaging devices for detecting and documenting gas emissions. Its products serve inspection, surveillance, and industrial monitoring use cases.

Companies competing with Hoverfly Technologies for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Hoverfly Technologies Secures $20 Million Funding Led by Leonardo DRS to Expand Tethered Drone Manufacturing and Defense Capabilities - VC Tavernvctavern.com · Dec 2025Hoverfly Technologies Secures $20 Million Series B Round Led By Leonardo DRS And KRM<!-- --> | TradedVCtraded.co · Oct 2025Hoverfly Technologies Raises $20M in Series B Fundingfinsmes.com · Oct 2025$20M Series B: Hoverfly partners with DRS & KRM to expand U.S. tethered drone manufacturingstocktitan.net · Oct 2025Hoverfly Technologies secures $20 million in funding for tethered drones By Investing.cominvesting.com · Oct 2025Hoverfly Technologies Secures $20 Million Series B Investment to Accelerate Growth and Strengthen U.S. Drone Capabilitiesprnewswire.com · Oct 2025

Frequently asked questions

What does Hoverfly Technologies do?
Hoverfly Technologies manufactures tethered unmanned aerial systems for government and commercial markets, enabling persistent surveillance, targeting, and communications relay through continuous power and data delivery via a persistent tether link. The company serves armed forces branches and defense industry partners with integrated aerial platforms and open-API software solutions.
Who are Hoverfly Technologies's investors?
Hoverfly Technologies's investors include Gaspar Global Ventures.
How much funding has Hoverfly Technologies raised?
Hoverfly Technologies has disclosed $49.6M raised across 6 rounds.
Where is Hoverfly Technologies headquartered?
Hoverfly Technologies is headquartered in Sanford, US.