Lily Drone ships to USA first
All this talk of selfie drones reminded me of Lily, ah Lily.
A look at their Facebook Page shows disappointment from non-US residents who have been put at the back of the queue.
This from the Lily blog.
All United States pre-orders will ship between December 2016 and January 2017. Pre-orders will be fulfilled in the order in which they were placed. Due to regulatory and logistical constraints, international pre-orders will start shipping later in 2017. We will be sharing a more detailed rollout plan in the coming weeks. In the meantime, your pre-order dollars will continue to remain untouched.
Crunchbase tells us Lily has had $15m in funding. That’s not a lot for a drone business developing a new product. 3DR has not managed to make it work with $126 million invested from 5 rounds. Lily has had three years of trying to make that money stretch!
Funding Rounds (3) – $15M
UPDATE
| Date | Amount / Round | Valuation | Lead Investor | Investors |
|---|---|---|---|---|
| Dec, 2015 | $14M / Series A | — | Spark Capital | 14 |
| Apr, 2014 | $1M / Seed | — | — | 8 |
| Mar, 2014 | undisclosed amount / Non Equity Assistance | — | — | 1 |
Lily does have one ace up its sleeve. More than $34 million dollars in pre-orders. Karma has landed and Mavic is just around the corner.
Once again getting a product to market fast is key in this game.
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