DroneShield lifts capital raise to $105m as investors flock to defence tech

Published on April 22, 2024



Counterdrone defence technology company DroneShield (ASX: DRO) has upsized its capital raise by 40 per cent to $105 million following strong domestic and international investor support for its plans to bulk up inventory and the engineering team amidst a $500 million pipeline of prospects.

The Sydney-based company plans to use $80 million of the funds to build up inventory so it can capitalise on customer opportunities, with equipment ranging from from handheld detection and defeat systems to its DroneSentry-X Mk2 offering that can be mounted onto vehicle roof racks to both detect and take down drones.

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