Tech Company Financing Transactions
Cloudline Funding Round
Schmidt Futures, 4Di Capital and Raba participated in a $6 million Seed funding round for Cloudline. This venture round was announced on 12/21/2023.
Transaction Overview
Company Name
Announced On
12/21/2023
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Seed
Investors
Proceeds Purpose
it aims to lead the global frontier of carbon emissions-free autonomous flight.
Company Information
Company Status
Private & Independent
Industry
Entertainment
Mailing Address
Undisclosed
Cape Town, 8001
South Africa
Cape Town, 8001
South Africa
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Provider of logistics services intended to connect isolated communities to the global supply chain with drone deliveries of large payloads. The company's remotely operated long-range autonomous airships can be used for transporting goods, data gathering, and maintenance inspections and surveillance, enabling the remotest communities in rural villages, island nations, and disaster-stricken areas with access to international aid without costly infrastructure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Spencer Horne
Chief Operating Officer
Mbali Gushu
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