After raising £2,335,119 ($3.6 million) from more than 12,000 backers, Torquing Group informed backers today (Nov. 18) that it is shutting down its project to manufacture a tiny drone called Zano that would’ve allowed people to take selfies from the air. The troubled company had been plagued with delays after missing its original ship date of June 2015. Last week, CEO Ivan Reedman resigned from the company, citing “personal health issues and irreconcilable differences.”

Source : After raising $3.6 million, Europe’s most successful Kickstarter project has folded – Quartz