Expeditions Fund, HCVC, and Vsquared Ventures invest in Lendurai

Ellex team in Estonia advised Expeditions Fund, HCVC, and Vsquared Ventures on a €5.57 million seed funding round to a dual-use technology startup Lendurai. 

Lendurai is a Tallinn, Estonia-based company which specializes in tactical autonomous UAVs for GPS-denied operations. The funding will help Lendurai to scale existing products, develop the next phase of the long-term plan, expand global sales and business development, and double the engineering team to focus on machine learning, simulators, and control. 

The investors were advised by Partner Antti Perli, Counsels Gerd Laub, Merlin Liis-Toomela and Senior Associate Hanna Pahk.