Funding round
Zipline Series F
Zipline, which works in autonomous drone delivery services in South San Francisco, raised $330M in a Series F round announced on 10 Apr 2023, led by Baillie Gifford and Temasek, at a $4.20B post-money valuation. 10 firms took part, 6 of them already investors. It is Zipline's fourth venture round on record; the one before was a Growth in Jun 2021.
$330M
Amount raised
$4.20B
Post-money valuation
10
Investors
2 leads
1.5x
Step-up from the Growth
$2.75B in Jun 2021
7.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Zipline at $4.20B after the new money, 1.5 times the $2.75B of its Growth (Jun 2021). The $330M bought investors about 7.9% of the company. It came 22 months after Zipline's Growth. It is 19% of the $1.74B Zipline has raised in the venture rounds on record. Zipline raised again 14 months later: a Series G round of $350M in Jun 2024. Its next priced round, a Series H+ in Mar 2026, valued it at $7.60B.
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 30 Jun 2021, led by Baillie Gifford $250M$2.75B post-money
- Series F this round 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 and Temasek led the round with 8 other firms. Katalyst Ventures, Sequoia Capital, Andreessen Horowitz and GV and 2 more had backed Zipline before.
Lead investors
- Baillie Gifford new investor
- Temasek backs 195 venture-backed companies new investor
Also in the round
- backs 5 venture-backed companies existing investor
- Intercorp new investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- GV backs 428 venture-backed companies existing investor
- backs 2 venture-backed companies existing investor
- Reinvent Capital existing investor
- Pactolus Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tonal Fitness Equipment | 10 Apr 2023 | $130M | $1.90B | L Catterton and Cobalt Capital |
| Aledade Health Care Services | 20 Jun 2023 | $260M | $3.50B | Lightspeed Venture Partners |
| Tech Companies | 7 Jun 2023 | $100M | not disclosed | not named |
| GetYourGuide Travel Agencies | 1 Jun 2023 | $85M | not disclosed | Blue Pool Capital |
| Alto Pharmacy Drug Stores & Pharmacies | 26 Jun 2023 | undisclosed | $531M | not named |
| EGYM Tech Companies | 5 Jul 2023 | $225M | $653M | Affinity Partners |
| Medical Supply Manufacturers | 18 Jul 2023 | $30M | not disclosed | Revelation Partners |
| Dataiku Tech Companies | 13 Dec 2022 | $200M | $3.70B | Wellington Management |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Zipline raise in its Series F round?
Zipline raised $330M in its Series F round, announced in Apr 2023.
Who led Zipline's Series F round?
Baillie Gifford and Temasek led it, with Katalyst Ventures, Intercorp, Sequoia Capital, Andreessen Horowitz and GV and 3 more.
What was Zipline's valuation at the Series F round?
$4.20B post-money.
Did Zipline raise again after this round?
Yes: a Series G round in Jun 2024 of $350M.