Firestorm Labs Gets $12.5M in Seed Funding - San Diego Business Journal sdbj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sdbj.com Daily Mail and Mail on Sunday newspapers.
Firestorm Labs, a California-based Unmanned Aerial System (UAS) manufacturer that is leading the charge in expeditionary additive manufacturing has announced $12.5M in seed investment by Lockheed Martin Ventures and prominent defense investors. "Firestorm is excited to announce this latest round of funding that will propel the company forward to shape the rapidly evolving needs of a UAS-dominated battlefield and…
The series will feature Philadelphia-area business experts and investors, known as wolves, giving advice and funds to entrepreneurs seeking to grow their companies, the Philadelphia Business Journal reported.
Though the show draws inspiration from Shark Tank, its concept differs sightly. After small business owners pitch their ideas, the wolves collectively decide whether to invest capital in the idea rather than battle one another for the best deal. It s called the Wolf PAC on purpose because wolves hunt together, co-creator Kent Griswold told the Business Journal. They work together as a team. No one wolf can actually bring down prey the way the pack does. By working together they can actually keep themselves fed.