The Jefferson Parish Economic Development Commission (JEDCO) is proud to announce that Crescent Unmanned Systems, LLC is the recent recipient of angel funding by the South Coast Angel Fund. Crescent will benefit from a disciplined approach to investing imposed by the South Coast due diligence process and the diversity of expertise provided by a group of members with various backgrounds. South Coast will typically invest between $250,000 and $500,000 in a company, focusing on early-stage companies where a product has been developed and the principles are highly committed such a Crescent.
Crescent manufactures unmanned aerial vehicles and small-unmanned aerial systems that can be used for law enforcement, military, and commercial applications.
Crescent’s headquarters is located in JEDCO’s Business Innovation Center in Avondale. This early-stage business has been hard at work on two innovative systems, Bravo 100 and Bravo 300, as part of their Bravo Series UAV technology. Both vehicles have far more maneuverability compared to the current UAVs in use by the military.
Lucien Gunter, executive director of JEDCO states “JEDCO is incredibly proud of this innovative company that has chosen the Churchill Technology & Business Park as home. Crescent is creating cutting edge technologies that are demonstrative of the ingenuity available in Jefferson Parish.”
Both military and police are using Crescent’s UAV for a number of reasons including tracking enemy targets and criminals, accident reconstruction, search-and-rescue, crowd control, land and sea traffic monitoring, critical infrastructure protection, crisis management, and more.
“The investment from South Coast provides us with the ability to succeed not only from the monetary contribution but also from the wealth of knowledge, experience and mentorship that comes from their membership base,” said Charles Easterling, CEO of Crescent. “South Coast is a committed to helping entrepreneurs in Louisiana maximize their potential and have proven such by providing us with invaluable industry contacts already.”
The South Coast Angel Fund is a member-managed angel venture capital fund designed to utilize the capital, resources, and expertise of its members to profit from its investments in entrepreneurial, early-stage companies, primarily within Louisiana and the Gulf Coast community. Their membership consists of a number of the region’s leading investors, entrepreneurs, and business leaders who are dedicated to accelerating early-stage ventures. For more information on South Coast Angel Fund, visit its website is www.southcoastangelfund.com.