Funding round
Skydio Series E
Skydio, which works in autonomous drone manufacturing in San Mateo, raised $230M in a Series E round announced on 27 Feb 2023, led by Linse Capital, at a $2.20B post-money valuation. 10 firms took part. It is Skydio's fifth venture round on record; the one before was a Series D in Feb 2021.
$230M
Amount raised
$2.20B
Post-money valuation
$1.97B pre-money
10
Investors
1 lead
2.2x
Step-up from the Series D
$1.00B in Feb 2021
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Skydio at $2.20B after the new money, 2.2 times the $1.00B of its Series D (Feb 2021). The $230M bought investors about 10% of the company. It came 24 months after Skydio's Series D. It is 35% of the $655M Skydio has raised in the venture rounds on record. Skydio raised again 38 months later: a Series F round of $110M in Apr 2026, at $4.40B 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 28 Feb 2021, led by Andreessen Horowitz $170M$1.00B post-money
- Series E this round 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
Linse Capital led the round with 9 other firms.
Lead investor
- backs 13 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Next47 new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- backs 45 venture-backed companies new investor
- NVIDIA new investor
- backs 24 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- Walton Family Foundation new 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 E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Volocopter Aircraft Parts & Services | 1 Nov 2022 | $182M | $1.70B | NEOM and GLy Capital Management |
| Rippling Tech Companies | 21 Mar 2023 | $500M | $11.25B | Greenoaks |
| DEX Imaging Office Supplies | 1 Jan 2023 | $450M | $1.60B | not named |
| Investment Consultants & Financial Advisors | 24 Mar 2023 | $65M | not disclosed | M&G Catalyst |
| Anduril Aerospace and Defence | 1 Dec 2022 | $1.48B | $8.48B | Valor |
| Industrial Air Solutions | 15 Dec 2022 | $318M | not disclosed | Chevron New Energies |
| Quantexa Tech Companies | 4 Apr 2023 | $129M | $1.80B | GIC |
| Tech Companies | 13 Apr 2023 | $65M | not disclosed | Dragoneer Investment Group |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Skydio raise in its Series E round?
Skydio raised $230M in its Series E round, announced in Feb 2023.
Who led Skydio's Series E round?
Linse Capital led it, with Andreessen Horowitz, Next47, Institutional Venture Partners, NTT DoCoMo Ventures and NVIDIA and 4 more.
What was Skydio's valuation at the Series E round?
$2.20B post-money ($1.97B pre-money).
Did Skydio raise again after this round?
Yes: a Series F round in Apr 2026 of $110M at $4.40B post-money.