BetterView Raises Over $1.5 Million In Funding; Brings New Level Of Innovation, Data Analysis And Intelligence To Drone And Aerial Imagery Landscape For Businesses

Lead investors include Arena Ventures and Metamorphic Ventures; funding to fuel sales, engineering and operating growth

Feb 23, 2016, 11:42 ET from BetterView

SAN FRANCISCO, Feb. 23, 2016 /PRNewswire/ -- BetterView, the leading aerial and drone imagery solution for businesses, today announced the closing of a $1.55 million fundraising round, led by Arena Ventures, Metamorphic Ventures, and other angel investors. Additional investors include 500 Startups, Haystack, MetaProp NYC, and Router Ventures.

Founded in late 2014 by technology and insurance industry veterans David Lyman and David Tobias, BetterView has been lauded for its unique and innovative aerial imagery and drone-based solution. BetterView has built a network of building and construction experts to bring actionable insights to imagery and data captured by aerial drones.

"We see the aerial imagery and drone technology space becoming a critical part of the fabric of the business community as we head into the future," said Paige Craig, Managing Partner of Arena Ventures, one of the lead investors in BetterView. "We're extremely optimistic about BetterView's future and feel they are well positioned as a leader and innovator within this domain for a long time to come."

BetterView has become trusted by a range of businesses across several industries that rely on aerial imagery to provide comprehensive data analysis, inspections and quote assessments, particularly within the insurance, real estate, construction, building and property management sectors.

"The need for faster, smarter, and more comprehensive aerial imagery data is unprecedented in these industries," said David Hirsch, Managing Partner of Metamorphic Ventures. "BetterView is uniquely positioned to serve as a critical part of the analysis and decision making process for businesses of all kinds within these sectors."

The funding will be used primarily to build out BetterView's operations, engineering and sales team, and to fuel the growth of the company as businesses become more reliant on drone-based technology in the future.

"We are excited to announce the closing of our latest fundraising round, and couldn't be happier to have Arena Ventures, Metamorphic Ventures, and others on board," said David Lyman, Co-Founder and CEO of BetterView. "The ability to economically capture and analyze aerial imagery to make better business decisions is going to grow massively over the next few years. Between the financial resources and the access to some of the most brilliant and proven minds in our space that this fundraising round has provided us, BetterView is really well positioned for success in 2016 and beyond."

For more information on BetterView, please visit www.better.vu.

ABOUT BETTERVIEW:
Founded in late 2014, BetterView is the leading aerial and drone imagery solution for businesses. BetterView uses drones to provide a cost-effective, safe and easy way to capture a comprehensive set of aerial building imagery and data along with expert analysis so that businesses can make informed decisions at critical stages of the insurance, transaction, maintenance and construction processes.

BetterView works with a network of drone operators and building experts throughout the United States to take aerial imagery and inspect properties for potential problems. For more information, visit www.better.vu.

Media Contact: Robert Vanisko, North 6th Agency (For BetterView), 212.334.9753, betterview@n6a.com

SOURCE BetterView



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