DiamondStream Partners

DiamondStream Partners invests in travel transformation through thematic funds, focusing on travel and aviation-related companies with strong growth potential. Led by seasoned aviation experts who co-founded Volaris, they apply a unique vertical industry approach informed by industry demand drivers.

William Donovan

Co-Founder and Managing Director

Dean Donovan

Co-Founder and Managing Director

Brian Flynn Jr.

Co-Founder and Managing Director

David Spurlock

Managing Director

Past deals in Drones

Wingtra

Series B in 2024
Wingtra is a Swiss drone manufacturer that designs the WingtraOne, a vertical take-off and landing VTOL fixed-wing drone that combines plane-like efficiency with VTOL versatility to deliver high-precision aerial data for surveying, mapping, and infrastructure projects. The platform supports sectors including construction, mining, agriculture, forestry, environmental monitoring, urban planning, and land management by capturing detailed data over large areas. Founded in 2014 and launching its market-ready product in 2017, Wingtra serves a global customer base through a network of surveying equipment dealers, enabling professionals to digitize and monitor surroundings with reliable flight performance.

SwissDrones

Series B in 2024
SwissDrones is an aviation company focused on the development, manufacture, and operation of long-range unmanned helicopter systems for commercial and public safety use. Its twin-rotor aircraft are designed to replace crewed helicopters at lower cost and with reduced carbon emissions, while enabling operations in challenging conditions and beyond visual line of sight. The systems support a range of missions, including aerial surveillance, search and rescue, and critical infrastructure inspection, and can integrate high-end sensor payloads for day and night operations. The company pursues BVLOS missions and emphasizes safe operation in energy infrastructure, emergency, safety, and environmental management contexts, delivering endurance over multiple hours for extended missions.

AlarisPro

Venture Round in 2023
AlarisPro offers a web-based subscription service providing unmanned aircraft system (UAS) operations and fleet management services. Its platform offers real-time data and component-level tracking, enabling proactive maintenance, issue prediction, and optimization of fleet operations for commercial UAS operators and manufacturers across various industries.

Wingtra

Series B in 2023
Wingtra is a Swiss drone manufacturer that designs the WingtraOne, a vertical take-off and landing VTOL fixed-wing drone that combines plane-like efficiency with VTOL versatility to deliver high-precision aerial data for surveying, mapping, and infrastructure projects. The platform supports sectors including construction, mining, agriculture, forestry, environmental monitoring, urban planning, and land management by capturing detailed data over large areas. Founded in 2014 and launching its market-ready product in 2017, Wingtra serves a global customer base through a network of surveying equipment dealers, enabling professionals to digitize and monitor surroundings with reliable flight performance.

SwissDrones

Venture Round in 2023
SwissDrones is an aviation company focused on the development, manufacture, and operation of long-range unmanned helicopter systems for commercial and public safety use. Its twin-rotor aircraft are designed to replace crewed helicopters at lower cost and with reduced carbon emissions, while enabling operations in challenging conditions and beyond visual line of sight. The systems support a range of missions, including aerial surveillance, search and rescue, and critical infrastructure inspection, and can integrate high-end sensor payloads for day and night operations. The company pursues BVLOS missions and emphasizes safe operation in energy infrastructure, emergency, safety, and environmental management contexts, delivering endurance over multiple hours for extended missions.

Elroy Air

Series A in 2021
Founded in 2016, Elroy Air is a San Francisco-based aerospace company specializing in autonomous cargo delivery. It operates an aerial system featuring rotor-based vertical takeoff and landing, transitioning to wing-based cruise flight for long-range deliveries. The company serves commercial, humanitarian aid, and military applications.
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