Funding round
Volocopter Series E
Volocopter, which works in urban air mobility solutions development in Bruchsal, raised $182M in a Series E round announced on 1 Nov 2022, led by NEOM and GLy Capital Management, at a $1.70B post-money valuation. 2 firms took part. It is Volocopter's third venture round on record; the one before was a Series D in Mar 2021.
$182M
Amount raised
$1.70B
Post-money valuation
2
Investors
2 leads
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Volocopter at $1.70B after the new money. The $182M bought investors about 11% of the company. It came 20 months after Volocopter's Series D. It is 35% of the $516M Volocopter has raised in the venture rounds on record. No later venture round is on record for Volocopter.
Investors
Who put money in
NEOM and GLy Capital Management led the round.
Lead investors
- NEOM new investor
- GLy Capital Management new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- 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 |
|---|---|---|---|---|
| Skydio Aircraft Parts & Services | 27 Feb 2023 | $230M | $2.20B | Linse Capital |
| Tech Companies | 2 Nov 2022 | $123M | $1.70B | Thoma Bravo and Sanabil |
| Gojo Loans & Financing | 15 Nov 2022 | $50M | not disclosed | not named |
| Tech Companies | 4 Nov 2022 | $16M | not disclosed | not named |
| Anduril Aerospace and Defence | 1 Dec 2022 | $1.48B | $8.48B | Valor |
| Form Energy Batteries | 4 Oct 2022 | $450M | not disclosed | TPG |
| Industrial Air Solutions | 15 Dec 2022 | $318M | not disclosed | Chevron New Energies |
| Inari Biotechnology | 4 Oct 2022 | $124M | $1.50B | Canada Pension Plan Investment Board and Flagship Pioneering |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Volocopter raise in its Series E round?
Volocopter raised $182M in its Series E round, announced in Nov 2022.
Who led Volocopter's Series E round?
NEOM and GLy Capital Management led it.
What was Volocopter's valuation at the Series E round?
$1.70B post-money.