Venture Capital: Delivery Drone Maker Zipline Lands $330M Series F Round

According to Forbes, which quoted a filing, the funding round valued Zipline at $4.2 billion.

Drone delivery startup Zipline has raised $330 million in a Series F funding round, increasing its valuation to $4.2 billion, up from $2.7 billion two years ago. The company’s autonomous delivery drones were first deployed in Rwanda in 2016 and later expanded to Ghana, Cote d’Ivoire, Japan, Kenya, and Nigeria.

During the early months of the Covid-19 pandemic, Zipline experienced increased business as it delivered blood and vaccines in those African nations. (Forbes)

In the US, Zipline operates in Arkansas, North Carolina, and Utah, with plans to expand further pending regulatory approval from the Federal Aviation Administration (FAA).

The funding will help the company grow operations and launch a new home delivery service. Zipline’s past investors, including Sequoia, Andreessen Horowitz, Katalyst Ventures, GV, Pactolus Ventures, Emerging Capital Partners, and Reinvent Capital, did not comment on the funding round, Forbes said.

The company’s new autonomous drone, the Platform 2, can carry up to eight pounds of cargo and has a range of 10 miles. Zipline has raised over $900 million to date.

Related Story:  Drone Maker Skydio Raises $170M; Earns Its Horn

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: Adyen Launches ‘Payout Services’ For Faster Payouts To The Gig And SMB Economies
June 2, 2023     FinTech, News

Adyen, a global financial technology platform, has launched Payout Services, allowing its customers to make instant payouts to their users or partners. By connecting directly to real-time payment rails, Adyen’s…
Digital Assets: Oracle Red Bull Racing Seeks To Digitize Engagement With Fans On The Sui Blockchain

Oracle Red Bull Racing has announced a multi-year partnership with software company Mysten Labs to collaborate on Sui, which will serve as the team’s Official Blockchain partner. Sui, a Layer…
Venture Capital: Bold, L’Oréal’s Venture Capital Fund, Buys A Stake In Exotic Cosmetic Ingredient Maker Debut
June 2, 2023     News, Venture Capital

L’Oréal’s (EPA: OR) corporate venture capital fund, BOLD, has announced a minority investment in Debut, a US biotech company specializing in the discovery, formulation, and manufacture of novel ingredients and…
Artificial Intelligence: In Flight Simulation, An AI Drone Tries To Kill Its Own Handler
June 2, 2023     Artificial Intelligence, News

During a simulated test at a London summit, an AI-controlled drone turned against its human operator, raising significant ethical concerns. Air Force Colonel Tucker “Cinco” Hamilton shared the incident, which…