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Trump Jr.-backed Unusual Machines, U.S. asset manager invest US$10M in Canada's Draganfly

Bnnbloomberg.Ca • September 29, 2026

Donald Trump Jr.-backed Unusual Machines and an unnamed U.S. asset management company have invested US$10 million in Canadian drone services firm Draganfly, as defense sector investments gather pace amid persistent geopolitical tensions.

Draganfly said on Monday it would use the proceeds to accelerate the development of advanced strategic capabilities and to fund general working capital needs. Reuters was the first to report the investment.

Draganfly’s New York-listed shares were up 5.2 per cent in pre-market trading.

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Unusual Machines, which counts Trump Jr. as a member of its advisory board, is known for its drone motors and other control components.

The Trump family’s investments in several companies have drawn scrutiny amid concerns potential conflicts of interest, particularly ⁠its stakes in defense firms that regularly compete for government contracts.

Donald Trump Jr. and his brother Eric Trump have also backed Israeli drone-maker XTEND and Powerus.

Trump Jr. did not immediately respond to a Reuters request for .

Draganfly develops and manufactures unmanned aircraft systems and related software for defense, public safety, agriculture and industrial inspection markets.

The company has supplied drones to Ukraine, where its systems have been used for mapping, humanitarian and other missions.

In February, it raised $50 million via a offering to fund growth plans, working capital, deals and development.

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The investment by Unusual Machines and the asset management company is based on Draganfly’s closing price of $5.35 on September 25, the company said, and is expected to close by around September 30.

Unusual Machines and the asset management company will invest $5 million each.

Draganfly’s New York-listed shares have fallen 23 per cent so far this year, up to Friday’s close, while those of Unusual Machines have surged 89 per cent.

(Reporting by Jarrett Renshaw, writing by Nandan Mandayam; Editing by Jonathan Ananda)

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Trump Jr.-Backed Firm Invests in Canadian Drone Maker Draganfly Amid Ukraine Crisis Draganfly Inc., a Canadian drone manufacturer, has received a $10 million investment from Unusual Machines, a company backed by Donald Trump Jr., and an unnamed U.S. asset management firm. This investment comes shortly after Draganfly secured a contract to supply drones to the Canadian Armed Forces and is expected to enhance its manufacturing capabilities. Draganfly's drones are also being deployed for humanitarian missions in Ukraine, where they will assist in search and rescue operations and deliver medical supplies. The investment is part of a growing trend of international interest in Canadian defense technology amid geopolitical tensions. Draganfly plans to expand its operations to Edmonton and Ottawa, while also maintaining its U.S. operations in Florida. The company has previously supplied drones for various missions, including those related to the U.S. Department of Defense. The investment is seen as a significant step in bolstering Canada's defense sector and technological capabilities. 3 sources 26

Trump Jr.-backed Unusual Machines, U.S. asset manager invest US$10M in Canada's Draganfly

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