Posted on

Daily Crunch: Suburban drone-based delivery service Flytrex raises $40M Series C

Share

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here.
Hello and welcome to Daily Crunch for November 19, 2021. It’s a welcome Friday today, heading into a holiday week here in the United States. TechCrunch is a global team, but we’ll be a touch slower starting next Thursday. Still, there’s more than a little to get into today! – Alex
P.S. Tickets to our upcoming space-themed event are on sale for the next few days!

The TechCrunch Top 3

Bring on drone deliveries: An Israeli drone company (Flytrex) is teaming up with U.S. chains (Walmart, Chili’s) to test deliveries in one state (North Carolina). Amazon has worked on drone deliveries, as have other companies. Flytrex just raised $40 million for its efforts. Given how little interest we have in driving to get things, here’s hoping the experiment works this time.
The changing structure of venture capital: News that U.S. venture giant Sequoia was shaking up its operating model was big news when it landed. But after looking at a few examples from other markets, there’s precedent for a more permanent capital model. Our next question is which vent …

Read More