Announcing Our Pre-Seed Investment

November 20, ‘23

Orange and gray image with the words "Announcing our Pre-Seed Investment" and the term "We’ve secured capital to scale the future of flight-tracking."

We’re excited to announce that Wingbits received a pre-seed investment from Antler! 🎉✈️

In August, Wingbits was selected to be part of Antler’s Nordics cohort. In the next three months, we worked with potential customers, investors, and advisors. We improved our business plan, development path, and strategy for entering the market, while also continuing to build our product. After these intense months, our efforts paid off and we are now proud to join the Antler portfolio.

Why does it matter?

  1. Most importantly, Antler invests in companies that have a clear business model, a growing market and a strong team that can execute the idea. Getting the Antler investment is getting an approval stamp that we’re focusing on the right thing.
  2. Antler is one of the most active early-stage investors. They invested in almost 1000 companies, but less than 0.3% their portfolio is in web3. This highlights Wingbits’ significant potential beyond the web3 ecosystem.
  3. This investment highlights the importance of DePIN projects, such as ours, in popularizing cryptocurrency. We do this by providing real-world benefits and using blockchain to drive network growth.
  4. With Antler’s presence in 28 global locations, we gain access to an expansive network of investors and partners, accelerating our plans for worldwide coverage.