Funding round
Zipline Growth
Reported as "Growth Equity"
Zipline, which works in autonomous drone delivery services in South San Francisco, raised $250M in a Growth round announced on 30 Jun 2021, led by Baillie Gifford, at a $2.75B post-money valuation. 7 firms took part. It is Zipline's third venture round on record; the one before was a Series C in Oct 2014.
$250M
Amount raised
$2.75B
Post-money valuation
$2.50B pre-money
7
Investors
1 lead
9.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Zipline at $2.75B after the new money. The $250M bought investors about 9.1% of the company. It came 80 months after Zipline's Series C. It is 14% of the $1.74B Zipline has raised in the venture rounds on record. Zipline raised again 22 months later: a Series F round of $330M in Apr 2023, at $4.20B post-money.
Zipline's funding rounds
Zipline has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 1 Jan 2012 $5.0M
- Series C 1 Oct 2014 $6.0M
- Growth this round 30 Jun 2021, led by Baillie Gifford $250M$2.75B post-money
- Series F 10 Apr 2023, led by Baillie Gifford and Temasek $330M$4.20B post-money
- Series G 1 Jun 2024 $350M
- Grant not a venture round 25 Nov 2025, led by U.S. State Department $150M
- Series H+ 23 Mar 2026, led by Fidelity Management & Research Company, Baillie Gifford and Valor $800M$7.60B post-money
Investors
Who put money in
Baillie Gifford led the round with 6 other firms.
Lead investor
- Baillie Gifford new investor
Also in the round
- Temasek backs 195 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Fidelity new investor
- Intercorp new investor
- backs 2 venture-backed companies new investor
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, working capital and product development.
- Geographic expansion
- Scaling operations
- Working capital
- Product development
Comparable rounds
How it compares
The closest in time: 1 in Airline Companies, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Malaysia Aviation Group Airline Companies | 22 Feb 2021 | $890M | not disclosed | Khazanah Nasional |
| Batteries | 9 Jun 2021 | $2.75B | not disclosed | AP4 and OMERS |
| Waymo Car Rental | 16 Jun 2021 | $2.50B | not disclosed | not named |
| Lucid Tech Companies | 24 Jun 2021 | $500M | $3.00B | not named |
| EBANX Payment Processing & Point of Sale | 15 Jun 2021 | $430M | not disclosed | Advent International |
| Software Development Services | 9 Jun 2021 | $314M | not disclosed | Andreessen Horowitz and Polychain |
| Wine Shops & Wineries | 7 Jun 2021 | $306M | $690M | not named |
| Insurance - Agents, Carriers & Brokers | 1 Jun 2021 | $302M | not disclosed | TA Associates |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Zipline raise in its Growth round?
Zipline raised $250M in its Growth round, announced in Jun 2021.
Who led Zipline's Growth round?
Baillie Gifford led it, with Temasek, Katalyst Ventures, Fidelity, Intercorp and Emerging Capital Partners and 1 more.
What was Zipline's valuation at the Growth round?
$2.75B post-money ($2.50B pre-money).
Did Zipline raise again after this round?
Yes: a Series F round in Apr 2023 of $330M at $4.20B post-money.