Zipline Valuation Rises to 4.2 Billion
Zipline Valuation Rises to $4.2 Billion with New Funding Round
by DRONELIFE Staff Writer Ian M. Crosby
As reported by Forbes, drone delivery startup Zipline is currently raising $330 million in a new funding round.
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A filing in Delaware on April 10th revealed the Series F funding round, which priced Zipline at $40.20 per share. This funding values the company at roughly $4.2 billion, approximately a 55% increase over its $2.7 billion valuation from two years prior. Also detailed in the filing was a Series F-1 extension of up to $20 million which could still be rolled into the round, potentially changing the exact total raised. A lead investor has yet to be identified.
“We recently closed our Series F funding round at an increased valuation, which involved several new and existing investors,” said a statement from Zipline. “We are well capitalized to continue to grow our operations, including launching our new home delivery…