Zipline was founded in 2011 by Keller Rinaudo, William Hetzler, and Keenan Wyrobek. In a discussion with Forbes, in April 2023 the company received a $330 million Series F funding round. The company noted, “We are well capitalized to continue to grow our operations” in an interview discussing the new cash infusion and valuation of $4.2 billion. Despite this growth, the company has not officially endorsed a plan to participate in an IPO.
Zipline is a medical product and drone delivery manufacturer. Per Forge Data, Zipline has raised a total of $821 million over 11 funding rounds. Key investors include Katalyst Ventures, Temasek Holdings, Visionnaire Ventures, Sequoia Capital, SV Angel, Tuesday Capital, Sway Ventures, and Slow Ventures.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/06/2024 | Series G | $350MM | $xx.xx | $5.03B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,344,006
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
04/28/2023 | Series F-1 | $20MM | $xx.xx | $4.23B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
497,548
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
04/28/2023 | Series F | $330MM | $xx.xx | $4.23B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
8,209,548
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
06/30/2021 | Series E | $250MM | $xx.xx | $2.75B | Fidelity, Intercorp, Emerging Capital Partners, Reinvent Capital, Baillie Gifford, Temasek, Katalyst Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,661,802
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fidelity, Intercorp, Emerging Capital Partners, Reinvent Capital, Baillie Gifford, Temasek, Katalyst Ventures
|
||||||
05/17/2019 | Series D | $119.66MM | $xx.xx | $1.2B | The Rise Fund, Baillie Gifford, GV, Katalyst Ventures, Temasek, Bright Success Capital, Goldman Sachs, Oakhouse Partners, Toyota Tsusho Corp, Design to Improve Life Fund | |
Price per Share
$xx.xx
Shares Outstanding
7,290,407
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
The Rise Fund, Baillie Gifford, GV, Katalyst Ventures, Temasek, Bright Success Capital, Goldman Sachs, Oakhouse Partners, Toyota Tsusho Corp, Design to Improve Life Fund
|
||||||
03/07/2018 | Series C | $70MM | $xx.xx | $608.28MM | Katalyst Ventures, Baillie Gifford, GV, Temasek, Goldman Sachs | |
Price per Share
$xx.xx
Shares Outstanding
8,230,440
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Katalyst Ventures, Baillie Gifford, GV, Temasek, Goldman Sachs
|
||||||
11/09/2016 | Series B | $25MM | $xx.xx | $224.91MM | Visionnaire Ventures, Sequoia Capital, Andreessen Horowitz, Subtraction Capital, Jerry Yang | |
Price per Share
$xx.xx
Shares Outstanding
6,800,316
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Visionnaire Ventures, Sequoia Capital, Andreessen Horowitz, Subtraction Capital, Jerry Yang
|
||||||
07/14/2015 | Series A-2 | $7.51MM | $xx.xx | $85.5MM | Rivas Capital, Lerer Hippeau | |
Price per Share
$xx.xx
Shares Outstanding
4,555,091
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Rivas Capital, Lerer Hippeau
|
||||||
07/14/2015 | Series A-1 | $4.22MM | $xx.xx | $85.5MM | Rivas Capital, Lerer Hippeau | |
Price per Share
$xx.xx
Shares Outstanding
5,047,081
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
610.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Rivas Capital, Lerer Hippeau
|
||||||
10/16/2012 | Series A | $6.61MM | $xx.xx | $22.04MM | Sequoia Capital, Crunchfund, SV Angel, Aydin Senkut | |
Price per Share
$xx.xx
Shares Outstanding
11,125,029
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital, Crunchfund, SV Angel, Aydin Senkut
|