# Swoop Aero

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/swoop-aero

- Industry: Aerospace
- Headquarters: Port Melbourne, Australia
- Website: www.swoop.aero
- Total disclosed funding: $26M
- Latest round: Series B (Oct 31, 2022)
- Investors on record: 10

## About

Based in Australia, Swoop Aero is an innovative drone logistics company that specializes in delivering critical goods across challenging terrains, enhancing access to remote areas with advanced aerial transport solutions.Swoop Aero, founded in 2017 and headquartered in Port Melbourne, Australia, operates in the drone logistics space, providing efficient transport solutions. The firm's founders include Andrew Thomas, Eric Peck, and Joshua Tepper, with Eric Peck currently serving as CEO. The company has successfully raised a total of AUD 10.000 mn across 9 funding rounds, with the latest funding being a Grant of AUD 1.800 mn from the United States Agency for International Development on March 27, 2025.Swoop Aero specializes in advanced drone transport solutions designed to facilitate seamless access to the skies, particularly in rugged and remote environments. The company's flagship product, the Axiom Kite™, operates efficiently in challenging conditions, enabling clients to transport goods and services across difficult terrains. Targeted at industries such as logistics, healthcare, and emergency response, Swoop Aero addresses logistical challenges faced by businesses and communities in hard-to-reach areas. The company primarily serves clients in North America, Europe, and parts of Asia, focusing on sectors that require reliable and innovative transport solutions.Swoop Aero's revenue model is based on business-to-business partnerships and direct service agreements with various sectors, including logistics and emergency services. These partnerships involve subscription-based services where clients pay for access to the Axiom Kite™ technology, ensuring continuous support and maintenance. The firm's clients utilize Swoop Aero's expertise to optimize their supply chains and enhance delivery efficiencies. While specific pricing plans for the Axiom Kite™ and associated services are not disclosed, the revenue generated reflects the value of innovative transport capabilities that Swoop Aero provides to its diverse clientele.In March 2025, Swoop Aero was acquired by Kite Aero, which will support customer demand and build a stronger foundation for growth in drone logistics. The acquisition aims to enhance Swoop Aero's capabilities and expand its operations into new markets, although specific regions have not been detailed. Recent funding will be utilized to enhance product offerings and improve logistical capabilities as the company continues to evolve its services.

## Funding rounds

- Series B, Oct 31, 2022, $10M — Levitate Capital
- Series B, Mar 18, 2022, $12M — In-Q-Tel, Artesian, Folklore Ventures, Main Sequence Ventures, Giant Leap, Quickstep, Holdings Limited
- Series A, Mar 31, 2020, $2.8M — Right Click Capital, Folklore Ventures
- Seed, May 13, 2019, $1.2M — Right Click Capital, Artesian, Blackbird, Folklore Ventures, Coreen, Investments Pty Ltd
- Seed, Jun 1, 2018, $0.3M — Blackbird

## Investors

- Blackbird (https://capitalatlas.ai/funds/blackbird) — Seed
- Right Click Capital (https://capitalatlas.ai/funds/right-click-capital) — Seed, Series A
- Artesian (https://capitalatlas.ai/funds/artesian) — Seed, Series B
- Folklore Ventures (https://capitalatlas.ai/funds/folklore-ventures) — Seed, Series A, Series B
- Coreen, Investments Pty Ltd — Seed
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Series B
- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Series B
- Giant Leap (https://capitalatlas.ai/funds/giant-leap) — Series B
- Quickstep, Holdings Limited — Series B
- Levitate Capital (https://capitalatlas.ai/funds/levitate-capital) — Series B