Funding round
Skydio Series D
Skydio, which works in autonomous drone manufacturing in San Mateo, raised $170M in a Series D round announced on 28 Feb 2021, led by Andreessen Horowitz, at a $1.00B post-money valuation. 6 firms took part, 4 of them already investors. It is Skydio's fourth venture round on record; the one before was a Series C in Jul 2020.
$170M
Amount raised
$1.00B
Post-money valuation
$830M pre-money
6
Investors
1 lead
4.3x
Step-up from the Series B
$234M in Feb 2018
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Skydio at $1.00B after the new money, 4.3 times the $234M of its Series B (Feb 2018). The $170M bought investors about 17% of the company. It came 7 months after Skydio's Series C. It is 26% of the $655M Skydio has raised in the venture rounds on record. Skydio raised again 24 months later: a Series E round of $230M in Feb 2023, at $2.20B 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 13 Jul 2020, led by Next47 $100M
- Series D this round 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
Andreessen Horowitz led the round with 5 other firms. Andreessen Horowitz, Linse Capital, Next47 and Institutional Venture Partners had backed Skydio before.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
Also in the round
- backs 13 venture-backed companies existing investor
- Next47 existing investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- backs 24 venture-backed companies new investor
- Lines Capital
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- 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 D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Volocopter Aircraft Parts & Services | 3 Mar 2021 | $240M | not disclosed | not named |
| Cryptocurrency | 17 Feb 2021 | $220M | $1.20B | not named |
| Tech Companies | 8 Feb 2021 | $180M | $1.10B | Permira |
| Wine Shops & Wineries | 3 Feb 2021 | $155M | not disclosed | Kinnevik |
| BharatPe Payment Processing & Point of Sale | 12 Feb 2021 | $108M | $900M | Coatue |
| Innovaccer Tech Companies | 24 Feb 2021 | $105M | $1.30B | Tiger Global Management |
| Tech Companies | 8 Feb 2021 | $100M | $1.40B | Tiger Global |
| Tech Companies | 16 Feb 2021 | $100M | not disclosed | Lightspeed Venture Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Skydio raise in its Series D round?
Skydio raised $170M in its Series D round, announced in Feb 2021.
Who led Skydio's Series D round?
Andreessen Horowitz led it, with Linse Capital, Next47, Institutional Venture Partners, UP Partners and Lines Capital.
What was Skydio's valuation at the Series D round?
$1.00B post-money ($830M pre-money).
Did Skydio raise again after this round?
Yes: a Series E round in Feb 2023 of $230M at $2.20B post-money.