Funding round
Skydio Series C
Skydio, which works in autonomous drone manufacturing in San Mateo, raised $100M in a Series C round announced on 13 Jul 2020, led by Next47. 6 firms took part, 3 of them already investors. It is Skydio's third venture round on record; the one before was a Series B in Feb 2018.
$100M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Skydio did not disclose a valuation in this round; its last disclosed one was $234M at the Series B (Feb 2018). It came 29 months after Skydio's Series B. It is 15% of the $655M Skydio has raised in the venture rounds on record. Skydio raised again 7 months later: a Series D round of $170M in Feb 2021, at $1.00B post-money.
Skydio's funding rounds
Skydio has 6 venture rounds on record. This one is highlighted.
- Seed 15 Jan 2015, led by Andreessen Horowitz $2.9M$9.7M post-money
- Series B 13 Feb 2018 $42M$234M post-money
- Series C this round 13 Jul 2020, led by Next47 $100M
- Series D 28 Feb 2021, led by Andreessen Horowitz $170M$1.00B post-money
- Series E 27 Feb 2023, led by Linse Capital $230M$2.20B post-money
- Series F 23 Apr 2026 $110M$4.40B post-money
Investors
Who put money in
Next47 led the round with 5 other firms. Andreessen Horowitz, Institutional Venture Partners and Playground had backed Skydio before.
Lead investor
- Next47 new investor
Also in the round
- Levitate Capital new investor
- backs 45 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- backs 51 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Aircraft Parts & Services, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Volocopter Aircraft Parts & Services | 21 Feb 2020 | $94M | not disclosed | DB Schenker |
| Devoted Health Insurance - Agents, Carriers & Brokers | 1 Jul 2020 | $380M | not disclosed | Uprising |
| Thrasio Online Marketplace | 15 Jul 2020 | $260M | $1.00B | Advent International |
| Anduril Aerospace and Defence | 1 Jul 2020 | $200M | $1.90B | Andreessen Horowitz |
| Ro Health Care Services | 27 Jul 2020 | $200M | $1.50B | General Catalyst |
| Talkdesk Tech Companies | 23 Jul 2020 | $143M | $3.00B | not named |
| Biotechnology | 16 Jul 2020 | $112M | not disclosed | HP WILD Holding AG |
| Tech Companies | 14 Jul 2020 | $65M | not disclosed | Apax Partners |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Skydio raise in its Series C round?
Skydio raised $100M in its Series C round, announced in Jul 2020.
Who led Skydio's Series C round?
Next47 led it, with Levitate Capital, NTT DoCoMo Ventures, Andreessen Horowitz, Institutional Venture Partners and Playground.
What was Skydio's valuation at the Series C round?
It was not disclosed; its last disclosed one was $234M at the Series B (Feb 2018).
Did Skydio raise again after this round?
Yes: a Series D round in Feb 2021 of $170M at $1.00B post-money.