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Private companiesTracked

Orqa

Osijek, Croatia · Founded 2018

Orqa designs and manufactures FPV drones and their components, from flight controllers and radios to motors, cameras and goggles, in Osijek, Croatia, without Chinese-made parts. It sells to defence and commercial customers and has partner factories abroad build standardized systems on its designs.

Profile

What it builds and who buys it

  • ·Orqa designs and makes flight controllers, radios, motors, cameras and printed circuit boards in-house, and avoids Chinese-made components.Vestbee, Mar 10, 2026
  • ·Its headquarters in Osijek can produce up to 280,000 NDAA-compliant drones a year, according to the company.Orqa (release via sUAS News), Mar 10, 2026
  • ·Under its Global Manufacturing Partnership Program, partner factories build standardized systems from Orqa designs and components, with a stated aim of more than one million drones a year. The company says partnerships are in place in North America, Europe, the Middle East and the Indo-Pacific.Orqa (release via sUAS News), Mar 10, 2026
  • ·The MRM2-10 is a 10-inch carbon-fibre drone for payloads up to 3.5 kg, controlled over Orqa’s jam-resistant IRONghost link on licensed sub-GHz bands.Orqa (product page)
  • ·Orqa U.S. won a $38 million contract in October 2026 to manufacture MRM2 drones for the Department of War’s Drone Dominance program, after delivering 240 drones under an earlier $1.5 million award. By Light builds the systems at its facility in Port Orange, Florida.Orqa U.S. (release via sUAS News), Oct 13, 2026
  • ·Vestbee reported that Orqa has supplied drones to the Ukrainian Armed Forces.Vestbee, Mar 10, 2026
  • ·Its chief financial officer told Lider that the Series A will also fund a new facility in Osijek and possible acquisitions of complementary companies.Lider Media, Mar 10, 2026
  • ·The company says it has more than 150 employees.Orqa

Founders and leadership

  • Srdjan KovacevicCo-founder and chief executive

    Co-founded Orqa with Ivan Jelusic and Vlatko Matijevic. He says the company has spent almost a decade in FPV and the last four years supplying the Western FPV ecosystem in defence.Orqa (release via sUAS News), Mar 10, 2026

  • Ivan JelusicCo-founder

    Founded Orqa in Osijek in 2018 with Srdjan Kovacevic and Vlatko Matijevic.Orqa

  • Vlatko MatijevicCo-founder

    Founded Orqa in Osijek in 2018 with Srdjan Kovacevic and Ivan Jelusic.Orqa

Funding

Last valuation

No citable valuation

Last round or tender

Series A

Orqa (release via sUAS News), Mar 10, 2026

A €12.7 million Series A, the euro amount as stated and not converted. Led by Expeditions, with Lightspeed Venture Partners, Taiwania Capital, Aymo and Radius Capital. No valuation was stated.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Mar 10, 2026Series AA €12.7 million Series A, the euro amount as stated and not converted. Led by Expeditions, with Lightspeed Venture Partners, Taiwania Capital, Aymo and Radius Capital. No valuation was stated.——
Dec 20, 2024SeedA €5.8 million seed round, the euro amount as stated and not converted. Led by Lightspeed Venture Partners, with Radius Capital, Decisive Point and existing investor Day One Capital. No valuation was stated.——

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    Listed as Orqa FPV, under the slug orqafpv. No public MarketPrice: the page says no recent secondary market data is available and puts historical pricing behind a login.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Tracked only. No read has been prepared for this company; the figures above are the record.

Sources

Researched Oct 15, 2026