Med Delivery Service Zipline Now Worth $1.2B After Raising $190M

Zipline, a medical delivery company that sends deliveries through a fleet of drones, is flying high in more ways than one today.

The startup confirmed it is now $190 million richer, thanks to a venture funding round provided by The Rise Fund, Baillie Gifford, Temasek, GV and Katalyst Ventures. Zipline has raised $225 million in total capital.

This new funding round makes Zipline the 23rd US based unicorn startup so far in 2019, thanks to the company’s $1.2 billion valuation from the investors. It ranks 10th among the 23 billion dollar -plus worth startups listed on StartupOne’s UnicornWatch.

Zipline’s new funding and subsequent unicorn status was originally reported by business cable network CNBC.

Zipline has been delivering needed medical supplies to rural areas not easily reachable by common delivery methods. The new funding will help Zipline launch delivery hubs in Rwanda and Ghana by the end of this year, and add facilities in the US where and when the FAA gives them permission to do so.

Zipline was launched by Keenan Wyrobek, Keller Rinaudo and William Hetzler in 2011.

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