Tech Company Financing Transactions
Zipline Funding Round
Zipline closed a $25 million Series B venture capital round on 11/11/2016. Investors included Visionnaire Ventures, Andreessen Horowitz and private investors.
Transaction Overview
Company Name
Announced On
11/11/2016
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
Visionnaire Ventures (Lead Investor)
private investors (Jerry Yang)
Proceeds Purpose
The funding will go towards hiring, technology development, and setting up Zipline aerial delivery systems in new markets perhaps Indonesia, Viet Nam and in the U.S., Rinaudo said.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
151 10th St.
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Undisclosed
Website
Email Address
Overview
Zip is a small robot airplane designed for a high level of safety, using many of the same approaches as commercial airliners. It can carry vaccines, medicine, or blood. A fleet of Zips is able to provide for a population of millions. No roads, no problem.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Keller Rinaudo
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Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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