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- Starship Technologies
Starship Technologies Funding, Investors & Competitors
Starship Technologies has raised $281M across 7 funding rounds, most recently a $50M Series C in October 2025.
Last Starship Technologies funding round
$50M
Series C · Oct 2025
Cumulative funding Starship Technologies raised
$281M
across 7 funding rounds
Key investors in Starship Technologies
Matrix Partners
Morpheus Ventures
TDK Ventures
Shasta Ventures
Goodyear Ventures
Plural
Superangel
Specialist VC
About Starship Technologies
Starship Technologies is an Tallinn-headquartered robotics company deploying autonomous sidewalk delivery robots for groceries, meals, and retail goods in the UK, U.S., and Estonia. Each six-wheeled bot carries up to 20 kg over 4 km at 6 km/h, navigating via LiDAR, cameras, and GPS while avoiding pedestrians 99% autonomously. Operating in 100 cities with partners like Nuro and Pizza Hut, the fleet has completed over 10 million deliveries since 2014.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Services
Starship Technologies Funding History
Starship Technologies has raised a total of $281M across 7 funding rounds.
Starship Technologies' first fundraising round was a $17M seed round in January 2017. The most recent completed round was a $50M Series C in October 2025.
Starship Technologies funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2025 | Series C | Plural (lead); Karma Ventures; Coefficient Capital; Latitude; Skaala; SmartCap | $50M | Starship Technologies, founded by Skype co-founders Ahti Heinla and Janus Friis, is a leading autonomous delivery company operating sidewalk robots at Level 4 autonomy for navigating complex urban and campus environments without human control. The company raised $50 million in a Series C funding round on October 15, 2025, led by Plural with participation from Karma.vc, Latitude, Coefficient Capital, SmartCap (EU NextGenerationEU-funded), and Skaala, bringing total funding to over $280 million including a prior $90 million round in 2024. Funds will accelerate expansion into major U.S. urban markets, scaling the robot fleet from 2,700 to over 12,000 by 2027, growing operational teams, and deepening partnerships with retailers and delivery platforms like Grubhub, Bolt, DoorDash's Wolt, and Delivery Hero's Foodora. Starship has achieved commercial traction with over 9 million deliveries across more than 30 European cities and 60 U.S. university campuses, performing two road crossings per second globally to build a data advantage for safety and navigation. Sources describe the company as the first autonomous delivery firm operating profitably at city scale with positive gross margins, distinguishing it from competitors still in pilot programs. It has prevented over 650 tonnes of CO2 emissions in European operations, positioning it for zero-emission last-mile logistics. Investors highlight Starship's maturity, global scalability, and market leadership in sub-30-minute deliveries. Plural partner Taavet Hinrikus noted the company's profitability and readiness for U.S. cities, while CEO Ahti Heinla emphasized replicating European and campus success in American urban areas. The robotic delivery sector saw strong activity in 2025 with new deployments and partnerships, underscoring continued investor interest in last-mile solutions. |
| Feb 2024 | Series C | Iconical (lead); Plural (lead) | $90M | Starship Technologies, founded in 2014 by Skype co-founders Ahti Heinla, Janus Friis, and Alastair Westgarth, develops autonomous sidewalk delivery robots for last-mile goods delivery, operating in the US, Europe, and partnering with entities like Bolt, Co-Op, Aramark, and universities. The company raised approximately $90 million (or €83.6 million) in early 2024 in a round co-led by Plural (Tallinn/London-based early-stage VC) and Iconical (UK-based VC backed by Janus Friis), bringing total funding to $230 million or €213.7 million since inception. Funds will support global expansion, AI and machine learning advancements, wireless charging infrastructure, and scaling Delivery as a Service (DaaS) integrations with partners. Starship robots have completed over 6 million deliveries across 80 locations in the UK, Germany, Denmark, Estonia, Finland, and US campuses, reducing CO2 emissions by nearly 1.8 million kg, with each robot using 110 watts at full speed versus 300 watts for human walking, though operations span San Francisco HQ, engineering in Estonia/Finland, and UK sites in London/Milton Keynes. A subsequent $50M Series C in October 2025 led by Plural (with Karma Ventures, Skaala, etc.) raised total funding over $280M for US urban expansion, noting over 9 million deliveries and profitability claims. |
| Mar 2022 | Series B | NordicNinja VC (lead); Taavet+Sten (lead); TDK Ventures; Goodyear Ventures | $42M | Starship Technologies, founded in 2014 by Ahti Heinla and Janus Friis with CEO Alastair Westgarth, develops small autonomous sidewalk delivery robots for last-mile operations, traveling at pedestrian speeds up to 6 km/h, with remote control fallback, focusing on short-range local deliveries. The company operates a fleet of 1,700 robots performing 10,000 daily deliveries, having completed 3 million deliveries total by early 2022, achieving lower costs than human delivery and tripling deliveries in 2021 amid rising demand. In early 2022, Starship closed a $42 million all-equity Series B round co-led by NordicNinja VC and Taavet+Sten, with participation from TDK Ventures and Goodyear Ventures, bringing total funding to $202 million including a prior $17 million equity raise in 2021 and $57 million quasi-equity from the European Investment Bank in January 2022. This round, part of $100 million raised in 30 days, supports scaling operations, launching in new North American and European cities including U.S. university campuses, deepening existing markets, developing road-capable robots, and donating to Ukraine relief via the Red Cross. Starship positions itself as the world leader in autonomous delivery robots, years ahead in technology with vast data from commercial operations, earning customer loyalty. Investors highlight its engineering from the Estonian tech scene, global potential in the $55 billion autonomous delivery market by 2026 (20.4% CAGR per Facts & Factors), and cost-effectiveness surpassing human equivalents after millions of miles driven. |
| Jan 2021 | Undisclosed stage | TDK Ventures; Superangel; Goodyear Ventures | $17M | Starship Technologies raised $17M in a Series Unknown round in January 2021 from investors including TDK Ventures and Goodyear Ventures. This brought the company's total funding to $102M at that time. The round supported expansion amid growing interest in autonomous delivery during the COVID-19 pandemic. Starship Technologies provides autonomous delivery services using sidewalk robots, hitting 1 million commercial autonomous deliveries by late January 2021. The company had expanded operations in the UK with partners like Co-op. Demand for contactless delivery was rising to protect vulnerable populations and enable social distancing. |
| Aug 2019 | Series A | Morpheus Ventures (lead); Swiss Post Ventures; Specialist VC; Qu Ventures; TDK Ventures; Matrix Partners; K2 Global; Shasta Ventures; Metaplanet | $40M | Starship Technologies, founded by Skype co-founders Ahti Heinla and Janus Friis, develops autonomous sidewalk robots for last-mile delivery of food, groceries, and other items. By August 2019, the company had completed over 100,000 commercial deliveries, accelerating from 10,000 in 2018 to 50,000 by April 2019, operating on university campuses including Northern Arizona University, George Mason University, and the University of Pittsburgh. The company closed a $40 million Series A funding round on August 20, 2019, led by Morpheus Ventures, with participation from existing investors Shasta Ventures, Matrix Partners, MetaPlanet Holdings, and new investors TDK Ventures, Qu Ventures, and others including Specialist Ventures and Swiss Post Ventures. This brought total funding to $85 million since 2014. Starship planned to use the proceeds to expand to 100 university campuses over the next two years, targeting over one million students, with launches at Purdue University in September 2019 and University of Pittsburgh in the fall, in partnership with Sodexo. The company emphasized its advanced machine learning, computer vision, and sensor fusion technology, positioning itself as a leader in autonomous robotic delivery. |
| Jun 2018 | Seed | Nathan Blecharczyk; Jaan Tallinn; Gary Barber; Matrix Partners; Morpheus Ventures | $25M | Starship Technologies announced $25 million in additional seed funding on June 7, 2018, with follow-on investments from existing investors Matrix Partners and Morpheus Ventures, and new investors including Airbnb co-founder Nathan Blecharczyk, Skype founding engineer Jaan Tallinn, and former MGM chairman Gary Barber. The company, founded in July 2014 by Skype co-founders Ahti Heinla and Janus Friis, develops autonomous delivery robots designed to deliver goods locally in 15 to 60 minutes. As of the funding announcement, Starship robots had traveled over 100,000 miles across 20 countries and over 100 cities, encountering over 15 million people. The capital was earmarked for deploying robots at scale in neighborhoods as well as corporate and university campuses in the US and Europe. Lex Bayer, an Airbnb veteran with a track record in scaling businesses, was appointed CEO to lead commercial rollout. The funding round represented a continuation of Starship's growth trajectory following its initial $17.2 million seed round led by Mercedes-Benz Vans. |
| Jan 2017 | Seed | Mercedes-Benz (lead); Grishin Robotics; Matrix Partners; Playfair Capital; HOF Capital; Morpheus Ventures; Shasta Ventures; ZX Ventures | $17M | Starship Technologies was launched in July 2014 by Skype co-founders Ahti Heinla and Janus Friis to build autonomous robots for local delivery. The company raised $17.2 million in seed funding announced on January 12, 2017, led by Daimler AG (parent company of Mercedes-Benz) with participation from Shasta Ventures, Matrix Partners, ZX Ventures, Morpheus Ventures, Grishin Robotics, Playfair Capital and other investors. By the time of this seed round, Starship's robots had covered over 16,000 miles across 16 countries and 59 cities, with testing underway in Washington D.C., Redwood City, California, and Fayetteville, Arkansas. The company designed its robots to deliver goods locally within 15-30 minutes and a 2-3 mile radius, with human operators able to take control at any time. Starship declined to disclose its valuation following this funding round. |
Who has invested in Starship Technologies?
28 investors have backed Starship Technologies across its funding rounds, including Matrix Partners, Morpheus Ventures, TDK Ventures, Shasta Ventures, Goodyear Ventures and Plural.
Lead investors include Plural, Iconical, NordicNinja VC, Taavet+Sten, Morpheus Ventures and 1 other investor.
Starship Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Aug 2019 | ||
| 3 | Participant | Jan 2017 | ||
| 3 | Lead | Jan 2017 | ||
| 2 | Lead | Feb 2024 | ||
| 2 | Participant | Jan 2021 | ||
| 2 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Oct 2025 | ||
| 1 | Lead | Jan 2017 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Jun 2018 | ||
| 1 | Participant | Jun 2018 | ||
This data is available for Pro users. Sign up to see all 28 Starship Technologies investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Starship Technologies
Starship Technologies has invested in 1 company to date.
Latest investment by Starship Technologies was on September 1st 2023. Starship Technologies invested in KappaZeta in their $500K Seed round.
Latest Investments by Starship Technologies
| Description | KappaZeta processes Sentinel-1 radar satellite imagery from Tallinn, Estonia, to deliver crop monitoring insights for European farmers. Services track soil moisture, vegetation biomass, and harvest readiness for wheat, barley, and potatoes, integrating with farm management software like John Deere Operations Center. Reports boost yields by alerting to irrigation needs. |
| HQ Country | |
| HQ City | Tartu |
| Deal Date | 1 Sep 2023 |
| Round | Seed |
| Raised | $500K |
| Investors | Estonian Research Council; Voog; Ambient Sound Investments; HD Forest; Estonian Business School; Sixfold; NATO Cooperative Cyber Defence |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Starship Technologies investments and their VC round multiples. Start Free Trial | |
Starship Technologies Competitors
Starship Technologies competitors include listed companies like Tesla, Honeywell and Rockwell Automation, and private ones like Quanergy Systems, Zipline and LexxPluss.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.6B | - | ||
| Private | - | - | $7.6B | - | ||
| Private | - | - | $3.8B | - | ||
| Publicly listed | $95B | $10B | $1.4T | 13.8x | ||
| Publicly listed | $37B | $7.8B | $65B | 3.6x | ||
| Publicly listed | $8.3B | $1.4B | $46B | 5.4x |
Starship Technologies Public Comps
Starship Technologies is still privately-owned, but its public comps include Tesla, Siemens, Schneider Electric, ABB, Hitachi, Mitsubishi, Delta Electronics (Thailand), Johnson Controls, UPS and Emerson Electric.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $91B | $15B | 3.0x | 2.9x | 18.1x | 15.7x | |||
| $46B | $9.5B | 4.3x | 3.9x | 21.0x | 18.4x | |||
| $33B | $6.9B | 5.4x | 4.9x | 25.9x | 22.6x | |||
| $68B | $11B | 2.2x | 2.2x | 13.8x | 13.5x | |||
| $122B | $8.7B | 1.2x | 1.2x | 17.2x | 21.8x | |||
| $5.9B | $1.1B | 15.0x | 11.4x | 80.8x | 64.9x | |||
| $24B | $3B | 4.0x | 3.7x | 31.0x | 20.0x | |||
This data is available for Pro users. Sign up to see all Starship Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Starship Technologies
| When was Starship Technologies founded? | Starship Technologies was founded in 2014. |
| Where is Starship Technologies headquartered? | Starship Technologies is headquartered in San Francisco, CA, United States. |
| Is Starship Technologies publicly listed? | No, Starship Technologies is a private, VC-backed company. |
| How much funding has Starship Technologies raised? | Starship Technologies has raised $281M across 7 funding rounds. |
| What was Starship Technologies' last funding round? | Starship Technologies' last funding round was a $50M Series C in October 2025, led by Plural. |
| Who are Starship Technologies' investors? | Starship Technologies' investors include TDK Ventures, Matrix Partners, Morpheus Ventures, Plural, Goodyear Ventures, Shasta Ventures, Grishin Robotics, Karma Ventures, Mercedes-Benz, Swiss Post Ventures and 18 others. |
| Which companies are comparable to Starship Technologies? | Companies comparable to Starship Technologies include Quanergy Systems, Zipline, LexxPluss, Tesla, Honeywell and Rockwell Automation. |
| How many companies has Starship Technologies invested in? | Starship Technologies has invested in 1 company, including KappaZeta. |
| What was Starship Technologies' last investment? | In September 2023, Starship Technologies invested in KappaZeta's $500K seed round alongside Estonian Research Council, Voog, Ambient Sound Investments and 4 other investors. |
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