Zipline Raises $1.5 Billion to Build Nationwide U.S. Drone Delivery Network
Zipline raised $1.5 billion at a $21.5 billion post-money valuation, led by Paradigm, WCM Investment Management and Layer Global. The capital will fund U.S. manufacturing expansion, increased hiring and a nationwide drone delivery network.
- Raised
- $1.5 billion
- Investors
- 10
- Investors
- ParadigmWCM Investment ManagementLayer GlobalValor Equity PartnersFidelity Management & Research CompanyUberTiger GlobalJ.P. MorganARK InvestSalesforce Ventures
- Target market
- Businesses and medical delivery customers
- Use of funds
- Expanding U.S. manufacturing facilities, ramping hiring and building a nationwide drone delivery network
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Quick Answers
What is the latest news about Zipline?
Zipline raised $1.5 billion at a $21.5 billion post-money valuation, led by Paradigm, WCM Investment Management and Layer Global. The capital will fund U.S. manufacturing expansion, increased hiring and a nationwide drone delivery network.
What does Zipline do?
Zipline operates autonomous delivery services for businesses and medical customers across multiple continents.
How much did Zipline raise?
Zipline raised $1.5 billion.
Who invested in Zipline?
Investors named in this round include Paradigm, WCM Investment Management, Layer Global, Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global and J.P. Morgan and 2 others.
How will Zipline use the funding?
Zipline plans to use the money for expanding U.S. manufacturing facilities, ramping hiring and building a nationwide drone delivery network.
Where is Zipline based?
Zipline is based in USA.
Who are the key people at Zipline?
Key people named in this report: Keller Rinaudo Cliffton (CEO and Co-Founder) and Caitlin Burton (CEO at Zipline Africa).