Funding round
Volocopter Series C
Volocopter, which works in urban air mobility solutions development in Bruchsal, raised $94M in a Series C round announced on 21 Feb 2020, led by DB Schenker. 6 firms took part, 3 of them already investors. It is Volocopter's first venture round on record.
$94M
Amount raised
87,000,000 EUR converted
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Volocopter did not disclose a valuation in this round. It is Volocopter's first venture round on record, 9 years after it was founded in 2011. It is 18% of the $516M Volocopter has raised in the venture rounds on record. Volocopter raised again 13 months later: a Series D round of $240M in Mar 2021. Its next priced round, a Series E in Nov 2022, valued it at $1.70B.
Investors
Who put money in
DB Schenker led the round with 5 other firms. DB Schenker, Lukasz Gadowski and b2venture had backed Volocopter before.
Lead investor
- DB Schenker existing investor
Also in the round
- Mitsui Sumitomo Insurance Group new investor
- backs 56 venture-backed companies new investor
- backs 47 venture-backed companies new investor
- Lukasz Gadowski existing investor
- backs 86 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, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- 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 |
|---|---|---|---|---|
| Skydio Aircraft Parts & Services | 13 Jul 2020 | $100M | not disclosed | Next47 |
| SambaNova Tech Companies | 25 Feb 2020 | $250M | not disclosed | BlackRock |
| BharatPe Payment Processing & Point of Sale | 24 Feb 2020 | $75M | $400M | Coatue and Ribbit |
| Innovaccer Tech Companies | 14 Feb 2020 | $70M | not disclosed | Tiger Global and Steadview Capital |
| Book Publisher | 1 Feb 2020 | $66M | not disclosed | 挚信资本 |
| Tech Companies | 6 Feb 2020 | $65M | not disclosed | Morpheus Ventures and Alpha Edison |
| Tech Companies | 25 Feb 2020 | $60M | $1.16B | Dell Technologies Capital and ICONIQ Capital |
| Appliance Stores | 25 Feb 2020 | $58M | not disclosed | RPS Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Volocopter raise in its Series C round?
Volocopter raised $94M in its Series C round, announced in Feb 2020.
Who led Volocopter's Series C round?
DB Schenker led it, with Mitsui Sumitomo Insurance Group, MS&AD Ventures, Translink Capital, Lukasz Gadowski and b2venture.
What was Volocopter's valuation at the Series C round?
It was not disclosed.
Did Volocopter raise again after this round?
Yes: a Series D round in Mar 2021 of $240M.