Funding round
Orqa Series A
Orqa, which works in FPV and RR technology development in Osijek, raised $15M in a Series A round announced on 10 Mar 2026, led by Expeditions. 5 firms took part. It is Orqa's third venture round on record; the one before was a Seed in Dec 2024.
$15M
Amount raised
12,700,000 EUR converted
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Orqa did not disclose a valuation in this round. It came 15 months after Orqa's Seed. It is 65% of the $23M Orqa has raised in the venture rounds on record. No later venture round is on record for Orqa.
Investors
Who put money in
Expeditions led the round with 4 other firms.
Lead investor
- backs 19 venture-backed companies new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 37 venture-backed companies new investor
- Aymo new investor
- backs 5 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
54 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $20M, and this round was 74% of the median. The closest in time, other companies' Series A rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Vast Aerospace and Defence | 5 Mar 2026 | $500M | not disclosed | Balerion Space Ventures |
| Aerospace and Defence | 19 Mar 2026 | $19M | not disclosed | not named |
| Aerospace and Defence | 1 Mar 2026 | $17M | not disclosed | not named |
| Aerospace and Defence | 9 Mar 2026 | $8.4M | not disclosed | not named |
| Aerospace and Defence | 9 Apr 2026 | $50M | $250M | Geodesic Capital and Mach33 |
| Aerospace and Defence | 24 Feb 2026 | $35M | not disclosed | Plural |
| Aerospace and Defence | 25 Feb 2026 | $34M | not disclosed | Andreessen Horowitz |
| ATMOS Space Cargo Aerospace and Defence | 22 Apr 2026 | $30M | not disclosed | Balnord and Expansion |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Orqa raise in its Series A round?
Orqa raised $15M in its Series A round, announced in Mar 2026.
Who led Orqa's Series A round?
Expeditions led it, with Lightspeed Venture Partners, Taiwania Capital, Aymo and Radius Capital Ventures.
What was Orqa's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Aerospace and Defence?
54 Series A rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $20M, and this round was 74% of the median.