# Cloudline

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cloudline

- Industry: Aerospace
- Headquarters: Cape Town, South Africa
- Website: www.flycloudline.com
- Total disclosed funding: $6M
- Latest round: Seed (Dec 21, 2023)
- Investors on record: 4

## About

Based in Cape Town, South Africa, and founded in 2018, Cloudline operates as a manufacturing company that develops solar-powered autonomous airships and provides transportation services to its clients. The company was founded by its CEO Spencer Horne. In July 2023, Cloudline raised USD 4.1 million in pre-seed funding led by Raba Capital, 4Di Capital, and Enza Capital Management.

The firm develops airships that use the lifting power of helium gas along with flight controls and powertrain technology. The airship uses battery and solar energy and provides quiet operations. The airship can travel upto a range of 200 kilometres and has an endurance of 12 hours with a payload of up to 100 kilograms.

The company plans to use the July 2023 funding for the launching of its autonomous airship.

## Funding rounds

- Seed, Dec 21, 2023, $6M — 4Di Capital, Raba, Schmidt Futures, Verod-Kepple Africa Ventures

## Investors

- 4Di Capital (https://capitalatlas.ai/funds/4di-capital) — Seed
- Raba (https://capitalatlas.ai/funds/raba) — Seed
- Schmidt Futures — Seed
- Verod-Kepple Africa Ventures (https://capitalatlas.ai/funds/verod-kepple-africa-ventures) — Seed