# Matternet

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

- Industry: Electronics
- Headquarters: Mountain View, US
- Website: www.mttr.net
- Total disclosed funding: $34M
- Latest round: Series A (Dec 31, 2019)
- Investors on record: 9

## About

Matternet Inc. is a pioneer in autonomous drone delivery, specializing in the design, implementation, and management of efficient drone networks for fast and environmentally friendly package transportation.Founded in 2011 and headquartered in Mountain View, US, Matternet develops advanced drone logistics systems. The company, led by CEO Andreas Raptopoulos, has secured a total funding of USD 5.66 mn, primarily from investors such as McKesson Ventures. Matternet has completed a total of 8 funding deals, with the most recent round occurring in December 2021, raising USD 5.66 mn.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. The company has conducted tens of thousands of flights in urban environments, proving the effectiveness of its technology in transforming delivery methodologies and contributing to sustainability efforts.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. These revenue-generating mechanisms underscore Matternet's commitment to integrating innovative technology into standard operational practices for efficient delivery solutions.In December 2021, Matternet Inc. raised USD 5.66 mn in venture funding, which will be utilized to enhance its product offerings and expand into new markets. 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.

## Funding rounds

- Series A, Dec 31, 2019, $5.7M — Sony Innovation Fund
- Series A, May 29, 2018, $16M — Swiss Post Communication Services, Sony Innovation Fund, HorizonX Ventures, Levitate Capital
- Seed, Jul 22, 2016, $9.5M — Mercedes-Benz Group AG, Andreessen Horowitz, Legend Star, Queensbridge Venture Partners, Comet Labs
- Angel, Nov 1, 2013, $2.5M — Andreessen Horowitz, Queensbridge Venture Partners

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Angel, Seed
- Queensbridge Venture Partners (https://capitalatlas.ai/funds/queensbridge-venture-partners) — Angel, Seed
- Mercedes-Benz Group AG — Seed
- Legend Star (https://capitalatlas.ai/funds/legend-star) — Seed
- Comet Labs (https://capitalatlas.ai/funds/comet-labs) — Seed
- Swiss Post Communication Services — Series A
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series A
- HorizonX Ventures (https://capitalatlas.ai/funds/horizonx-ventures) — Series A
- Levitate Capital (https://capitalatlas.ai/funds/levitate-capital) — Series A