FlyGuys Closes Out $4 Million Series A Round Investment

by | May 4, 2022 | Media

A group of Southern Louisiana individual investors, many of whom invested in Waitr, have closed out a $4 million Series A funding round by investing $2 million into Lafayette-based nationwide drone service provider FlyGuys. The previous $2 million investment provided by Advantage Capital in connection with the Louisiana New Markets Tax Credit program received in 2021 has already allowed FlyGuys to begin the scaling process. The new investment will allow for further expansion and growth.

FlyGuys, which has an office in downtown Lafayette, plans to create dozens of new jobs in the coming years for the Lafayette area.

“Our group enjoys fueling growth and creating jobs for Louisiana’s relatively new technology ecosystem,” says Joe Stough, FlyGuys’ Executive Chairman. “We invest in companies with large addressable markets, scalable business models, strong evidence of product-market fit, and most importantly, humble, coachable leadership. FlyGuys fit this mold nicely, and we are thrilled to be a part of another exciting tech story for Louisiana.”