Funding round
Zipline Series H+
Reported as "Series H"
Zipline, which works in autonomous drone delivery services in South San Francisco, raised $800M in a Series H+ round announced on 23 Mar 2026, led by Fidelity Management & Research Company, Baillie Gifford, Valor and Tiger Global, at a $7.60B post-money valuation. 5 firms took part, 5 of them already investors. It is Zipline's sixth venture round on record; the one before was a Series G in Jun 2024.
$800M
Amount raised
$7.60B
Post-money valuation
$6.80B pre-money
5
Investors
4 leads
1.8x
Step-up from the Series F
$4.20B in Apr 2023
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Zipline at $7.60B after the new money, 1.8 times the $4.20B of its Series F (Apr 2023). The $800M bought investors about 11% of the company. It came 21 months after Zipline's Series G. It is 46% of the $1.74B Zipline has raised in the venture rounds on record. No later venture round is on record for Zipline.
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 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+ this round 23 Mar 2026, led by Fidelity Management & Research Company, Baillie Gifford and Valor $800M$7.60B post-money
Investors
Who put money in
Fidelity Management & Research Company, Baillie Gifford, Valor and Tiger Global led the round with 1 other firm. Fidelity Management & Research Company, Baillie Gifford, Valor and Tiger Global and 1 more had backed Zipline before.
Lead investors
- Fidelity Management & Research Company existing investor
- Baillie Gifford existing investor
- Valor backs 143 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
Also in the round
- Paradigm backs 82 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series H+ rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Flock Safety Alarms, Surveillance & Security Systems | 17 Apr 2026 | $200M | $8.40B | not named |
| Software Development Services | 1 Feb 2026 | $50M | $4.50B | not named |
| GrubMarket Groceries Delivery | 2 Feb 2026 | $50M | $4.55B | not named |
| Anthropic Tech Companies | 28 May 2026 | $65.00B | $965.00B | Altimeter and Dragoneer Investment Group |
| Anduril Aerospace and Defence | 13 May 2026 | $5.00B | $61.00B | Thrive Capital and Andreessen Horowitz |
| Oil & Gas - Extraction & Distribution | 30 Jan 2026 | $30M | not disclosed | not named |
| Databricks Tech Companies | 16 Dec 2025 | $4.00B | $134.00B | Insight Partners and Fidelity Management & Research Company |
| CRED Payment Processing & Point of Sale | 23 Jun 2026 | $900M | $4.50B | Meta |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Zipline raise in its Series H+ round?
Zipline raised $800M in its Series H+ round, announced in Mar 2026.
Who led Zipline's Series H+ round?
Fidelity Management & Research Company, Baillie Gifford, Valor and Tiger Global led it, with Paradigm.
What was Zipline's valuation at the Series H+ round?
$7.60B post-money ($6.80B pre-money).