Hearst Ventures is the global venture capital division of Hearst, a diversified media, information, and services company. Founded in 1995, Hearst Ventures makes strategic investments in emerging industries, including drones, automotive, and media. It has invested in companies such as Robotic Skies (a maintenance marketplace for UAS and AAM) and GPMS (developer of health monitoring systems for helicopters and eVTOLs). Hearst Ventures aims to support innovation and growth in the next generation of aviation and mobility.
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The investment round was led by Valor Equity Partners and included existing investors Union Square Ventures, Upfront Ventures, Euclidean Capital, Energy Transition Ventures, and Hearst Ventures.