Embention Intelligent Systems, based in Alicante, specializes in creating components and critical systems for drones and unmanned aerial vehicles. The company drew the attention of Axon Partners and mutual funds, leading to a notable minority investment and signaling a clear vote of confidence from the financial community. After months of market activity, Embention’s listing on the Paris stock market became a reality, marking a milestone in its growth journey.
Since its inception in 2007, Embention has established itself as a reference point in drone technology. The last fiscal year showcased strong execution and a brand with solid market trust, delivering a turnover of 3.3 million euros. This growth was driven by a global client base exceeding 500, including renowned names such as Toyota and Airbus, underscoring Embention’s capacity to serve major international players while maintaining agility and innovation.
Market momentum built steadily as Embention entered the spotlight of Euronext Access Paris and attracted attention from several financial investors. In the end, the Axon Innovation Growth IV fund acquired a minority stake in Embention through its Spanish manager, Axon Partners Group, committing a total investment of 7.5 million euros. This partnership aligns Embention and Axon in a joint effort to accelerate the company’s growth trajectory and scale its technology across markets.
The fundraising process benefited from the guidance of Devesa & Calvo, a law firm that advised Embention and Axon’s advisory team to structure the capital operation. Infinitto Capital, a boutique specializing in mergers and acquisitions led by Pedro Pérez Navarro, played a crucial role in advancing the deal, contributing strategic insight and execution strength to the project.
As part of the transaction, Embention received legal support from Devesa & Calvo’s Commercial Law and Mergers & Acquisitions department, headed by partner Juan Antonio Botella Curvertoret and supported by attorneys María Roldán Llamas and Ana Karin Mengotti Moliner, who previously joined as legal advisers. Embention will act as the listing sponsor, leveraging the collaboration with Friends of Funding to facilitate the transition to Euronext Access and ensure a smooth listing process for the market.
David Benavente, founder and CEO of Embention, expressed appreciation for the concerted effort by both Axon Partners Group and the funds involved, noting the significance of this step for the company. He emphasized that after more than a decade in the startup arena, Embention is entering an exciting new phase with Axon, reinforcing the company’s leadership in autopilots and critical systems that enable drones to operate reliably in diverse environments for the foreseeable future.
The involvement of Axon Partners Group and its advisory network brings additional experience in alternative investments and strategic consulting. With a footprint spanning over seventy countries, Axon has grown its capabilities across Europe, LATAM, North Africa, the Middle East, and India since entering these markets in 2020. Even with a minority stake, Embention’s collaboration with Axon is designed to accelerate expansion efforts from its Alicante base, reinforcing the city’s emergence as a hub for unmanned and autonomous air transport technologies and related industrial ecosystems.
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