November Guest Derreck Xiong (GHOST) Closes 10mm USD Series A


On a warm Sunday afternoon, Guangzhou Chapter Director Chance Jiang interviewed Derrick Xiong at our Startup Grind November meetup. We asked him about how he got into the drone business, and how to run a sucessesful crowdsourcing campaign. Xiong, CEO of EHANG, the makers of the GHOST drone, told us about his stuggles learning about the drone business, and how he has been working tirelessly to bring more user-friendly drones to the masses.

He's already seen his hard work pay off. First in growing his company from 5 to 70 people while opening offices in Guangzhou, Silicon Valley, and Beijing. And as of now, they have raised almost 700,000USD in a crowd-funding campaign. On the tails of their crowdfunding success, we're happy to share that Xiong and his team have just secured a Series A round led by GGV Capital.

Congratulations Derrick! What a great way to close out 2014, we look forward to seeing your drones in 2015!