Wingbits Funding News- Sweden- based Wingbits Raises €5.3Mn to Transform Flight Tracking

The funding round also saw participation from Spartan Group, Tribe Capital, Antler, SNZ and Heartcore.

This brings the company’s total funding to $9.2 million (about €8.79 million).

Funding utilization

As air traffic and the drone industry grow, the demand for reliable tracking systems rises. With the new funding, Wingbits plans to increase device deployment, expand its network, and improve its tokenomics before launching its mainnet.

Robin Wingardh, CEO and co-founder of Wingbits, says, “The current model isn’t just exploitative—it’s inefficient. We’re setting a new standard for transparency and collaboration in aviation. It’s about building a network that works better than traditional alternatives while treating contributors as valued stakeholders, who are the backbone of aviation data infrastructure.

Álvaro Gracia, Partner at Borderless Capital, says, “Wingbits is a definitive use case for DePIN. They are on track to be the largest airplane tracking network on earth thanks to their well-designed incentives and execution.

Oscar Westergard, Partner at Antler, adds, “We recognised the commitment and ambition of Robin and Alex from the very start of their growth journey. This funding round reflects the quality of the technology they are building, the level of innovation in their business model and the speed at which they are scaling.”

“The founders set out to create the world’s best flight tracking network and the impact Wingbits has already had on the market shows that they are delivering on that vision already.”

Alasdair Foster, CEO of Bullish Capital, says, “We are excited to partner with the Wingbits team, who in less than 18 months have already begun to disrupt a flight tracking industry with huge proven demand by leveraging blockchain technology to incentivise the supply of higher quality, lower latency data.”

Before this round, the Swedish company raised $3.5 million in a seed round six months ago, supported by Borderless Capital, Tribe Capital and Antler.

About Wingbits

Wingbits, founded by Robin Wingardh and Alex Lungu, is the first network to directly reward contributors using Solana’s blockchain, giving them $WINGS tokens for improving hardware placement and data quality.

The network uses DePIN hardware and the first cryptographically-secured ADS-B receivers to ensure accurate and reliable data.

Wingbits claims its network has grown six times faster than any other flight tracking system.