Zipline Secures $1.5 Billion To Expand Drone Delivery Network In The U.S

Zipline, an autonomous drone delivery company, raised $1.5 billion at a $21.5 billion post-money valuation in a round led by Paradigm, WCM Investment Management and Layer Global, with participation from Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest and Salesforce Ventures. The company will use the funding to expand U.S. manufacturing facilities, increase hiring and build a nationwide drone delivery network. Zipline is also expanding partnerships with Walmart, which plans to launch 300 additional delivery sites, and Uber, which is targeting one million daily deliveries through the network by 2029.

FOUNDERS: Keller Rinaudo Cliffton, Keenan Wyrobek, Ryan Oksenhorn & William Hetzler

INVESTORS: Paradigm, WCM Investment Management, Layer Global, Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest & Salesforce Ventures

AMOUNT: $1,500,000,000 VALUATION: $21,500,000,000

HQ: South San Francisco, California

#VentureCapital #Zipline #KellerRinaudoCliffton #Paradigm #TradedVC