Tech Company Financing Transactions

Elroy Air Funding Round

Shield Capital and private investors participated in a $50 million funding round for Elroy Air. The round was announced on 2/8/2024.

Transaction Overview

Company Name
Announced On
2/8/2024
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors

Shield Capital (Lead Investor)

Proceeds Purpose
Proceeds purposes were not disclosed.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
1500 Michigan St.
San Francisco, CA 94124
USA
Phone
Undisclosed
Email Address
Overview
Elroy Air is enabling autonomous air transport anywhere. The Elroy aircraft is an autonomous heavy-lift VTOL (vertical takeoff-and-landing) aircraft, initially for cargo transport and delivery with 150lbs payload, and 200+ miles of range. The company already has interest from the military for resupply, and from commercial logistics customers.
Profile
Elroy Air LinkedIn Company Profile
Social Media
Elroy Air Company Twitter Account
Company News
Elroy Air News
Facebook
Elroy Air on Facebook
YouTube
Elroy Air on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
David Merrill
  David Merrill LinkedIn Profile  David Merrill Twitter Account  David Merrill News  David Merrill on Facebook
VP - Engineering
Clint Cope
  Clint Cope LinkedIn Profile  Clint Cope Twitter Account  Clint Cope News  Clint Cope on Facebook


 

 

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Next: 2/8/2024: First Bite venture capital transaction

 

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