Matternet

ElectronicsSeries AMountain View, USmttr.net

Latest round

Series A

Last raised

Dec 2019

Total raised

$34M

Investors

9

About Matternet

Matternet Inc.Founded in 2011 and headquartered in Mountain View, US, Matternet develops advanced drone logistics systems.Matternet specializes in the design, building, and operation of autonomous drone networks, providing solutions for ultra-fast, low-cost, and zero-emission package delivery. Their core product offerings include a fully integrated delivery system featuring FAA Type Certified drones, a software platform for managing delivery logistics, and customized payload systems tailored to various industries. These offerings primarily target the healthcare and commerce sectors, addressing critical needs such as medical supply logistics and efficient product distribution. With operations established in the United States and Europe, Matternet serves a diverse client base, including hospitals, pharmacies, and retail businesses, by facilitating rapid and reliable delivery services.Matternet generates revenue through strategic partnerships and direct engagements with businesses across healthcare and commerce sectors. The transaction structure typically involves service agreements with clients who utilize Matternet’s autonomous delivery solutions for efficient logistics management. Pricing plans are designed to accommodate different client needs, potentially encompassing subscription models for access to the software platform, as well as per-delivery fees associated with the drone delivery services. The flagship offerings, including the advanced drone systems and proprietary software interfaces, are key elements of the revenue model, driving consistent income from their client engagements.In December 2021, Matternet Inc. The company is focused on developing new drone models and software capabilities to further optimize delivery systems. Matternet aims to broaden its market presence in additional regions across Europe by 2024, enhancing its logistics capabilities and catering to a wider array of clients.

Who invested in Matternet

9 investors across 4 rounds

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Funding rounds

  1. Series A

    Dec 31, 2019

    Amount

    $5.7M

    Investors

    Locked

  2. Series A

    May 29, 2018

    Amount

    $16M

    Investors

    Locked

  3. Seed

    Jul 22, 2016

    Amount

    $9.5M

    Investors

    Locked

  4. Angel

    Nov 1, 2013

    Amount

    $2.5M

    Investors

    Locked

Questions about Matternet

Who invested in Matternet?

Matternet has 9 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Matternet raised?

Matternet has raised 4 venture rounds. Sign up free to see how much each round raised and the total.

When did Matternet last raise money?

Matternet's most recent round on record is a Series A, in Dec 2019.

What does Matternet do?

Matternet is a electronics company.

Where is Matternet headquartered?

Matternet is headquartered in Mountain View, US.

Which VCs invest in companies like Matternet?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back electronics companies at Matternet's stage. Their profiles are linked below.

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