10x Group invests in drone start-up Quantum Systems

The Bavarian start-up wants to become Europe's market leader for industrial drones. A team of business angels is also expected to help.

Quantum Systems from Gilching near Munich has an addition to its circle of investors. The Munich-based angel group 10x Group is investing in the drone start-up. The amount of the investment is kept silent. Quantum Systems wants to use the money for expansion, it also wants to expand sales, marketing and research and development.

Quantum Systems offers industrial drones for smart farming, volume calculation in surface mining, survey work for large construction sites, real-time situational awareness, tactical mapping, search and rescue, and automated inspection of railroad tracks, among other applications. "The opportunities for professional, industrial-grade drones in the commercial and government markets are unprecedented in the coming years," said Felix Haas, one of 10x Group's partners responsible for Quantum-Systems. "We have identified Quantum-Systems as the world leader in technology and products and look forward to helping the management team realize this huge opportunity." In addition to 10x Group, Leblon Capital's Andrej Henkler is also participating.

10x Group is a team of founders and entrepreneurs who came together in 2007 to invest in digital startups from Europe and Silicon Valley. Currently, the Munich-based company manages 120 start-ups. These include social media Yodel, security provider IDnow, neighborhood portal nebenan.de and token provider Upvest.