Investment & Fund Management
a Hungarian venture capital
Full Credential Description
Orqa, based in Osijek, Croatia, specializes in designing equipment for First Person View (FPV) drone piloting and advanced Remote Reality (RR) applications. The company initially focused on the high-performance FPV racing market, where elite pilots required top-tier gear. However, Orqa has since expanded its scope to develop a comprehensive FPV technology stack, including antennas, radio controllers, headsets, and low-latency video transmission systems. This strategic pivot allows them to cater to a broader range of applications, particularly in the defense sector, where there is a strong demand for European-made components.
The company faced the challenge of competing in a market dominated by larger players while maintaining high-quality, in-house engineering. Orqa's commitment to producing all its technology in Europe has not only differentiated it from competitors but has also attracted talent to Osijek, a relatively small town. This approach has fostered a local ecosystem of innovation, with many employees relocating to contribute to Orqa's mission.
To support its growth, Orqa received early investment from DayOne Capital, a Hungarian venture capital fund backed by the European Investment Fund (EIF). This funding has been crucial for product development, enabling Orqa to innovate and expand its offerings. Currently, the company is in the process of raising its Series A funding round to scale up manufacturing and launch new products.
In addition to its commercial ambitions, Orqa is actively involved in educational initiatives, partnering with over 500 schools across Croatia to introduce STEM concepts through drone technology. This program not only engages students in hands-on learning but also fosters interest in engineering and technology, preparing the next generation for careers in these fields.
Overall, Orqa's tailored solutions in dual-use technologies have positioned it as a key player in the robotics sector, with a vision to leverage defense technologies for civilian applications, thereby unlocking new market opportunities and driving innovation across various industries.