Orqa has raised $6.0M in total across 1 funding round.
Orqa's investors include Rexhep Dollaku, Kima Ventures, Lightspeed Venture Partners, Rodolphe Ardant, Thibaud Elziere.
Orqa d.o.o. is a Croatian technology company founded in 2018, specializing in First Person View (FPV) goggles, drones, and advanced Remote Reality (RR) vision systems for FPV enthusiasts, professionals, defense, and enterprise applications.[1][2] The company builds high-end products like the FPV.One goggles, wireless radio controllers, low-latency video transmission systems, and full-stack drone technology, serving drone racers, hobbyists, STEM educators, and military users while solving challenges in immersive remote piloting and unmanned aerial operations.[1][2][4][5] With vertical integration in design and manufacturing—producing most components in-house in Osijek, Croatia—Orqa has achieved strong growth, delivering 100,000 products in 2024 across 50+ countries, raising $6.1M in funding, and scaling production to 280,000 drones annually at its headquarters while expanding globally to target 1 million units.[4][5][7]
Orqa was founded in late 2018 in Osijek, Croatia, by Srdjan Kovacevic, Ivan Jelusic, and Vlatko Matijevic, who brought multidisciplinary expertise in engineering, electronics, and optics to innovate across the FPV drone stack.[1][2][3] The idea emerged from the FPV racing and freestyle drone hobbyist scene, evolving from consumer applications like racing and footage capture to broader uses; early momentum came in January 2019 with a prototype unveiling of FPV.One goggles at CES, followed by a successful June 2019 Kickstarter selling over 600 units and first deliveries in 2020.[1] Pivotal moments include acquiring ImmersionRC in 2022 (initially reported as 2020 in some sources) to merge complementary portfolios, introducing OLED panels and advanced features like live streaming from goggles, and shifting toward defense amid the Ukraine war, including a partnership with Turkey’s Baykar Technologies for integration into Bayraktar TB2 UAVs.[1][3] Backed by investors like DayOne Capital and the European Investment Fund, Orqa has grown its team to over 30 and expanded into STEM education in 500+ Croatian schools.[3][4]
Orqa rides the surge in drone and unmanned aerial systems (UAS) for defense, robotics, and enterprise, fueled by conflicts like Ukraine highlighting FPV drones' tactical edge and growing demand for low-latency remote reality in telepresence.[3][4][7] Timing aligns with re-industrialization trends, supply chain diversification away from China, and EU support for tech sovereignty, positioning Orqa as Europe's drone powerhouse supplying components to Western firms and partnering with giants like Baykar.[3][4][7] Market forces favoring vertically integrated players with secure manufacturing amplify its influence, from hobbyist FPV evolution to STEM education and battlefield disruption, while its global production push supports defense-grade scalability amid rising geopolitical needs.[3][7]
Orqa is poised for Series A funding to launch new toolkit components, ramp manufacturing via its global partner network, and deepen defense/enterprise penetration with mission-ready drones for confined and open environments.[4][7] Trends like AI-enhanced autonomy, regulatory pushes for secure UAS, and robotics expansion will shape its path, potentially evolving it from FPV leader to dominant aerial robotics provider influencing defense ecosystems worldwide.[3][6][7] As a vertically integrated innovator turning hobbyist tech into strategic assets, Orqa exemplifies Europe's rising drone prowess, ready to dominate where others falter.[1][7]
Orqa has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in December 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2024 | $6.0M Seed | Rexhep Dollaku, Kima Ventures, Lightspeed Venture Partners, Rodolphe Ardant, Thibaud Elziere |
