Zipline Valuation, Funding & Investors
Zipline is valued at $7.6B as of August 2026.
Last Zipline valuation
$7.6B
Strategic investment · Aug 2026
Last Zipline funding round
Strategic investment
Amount undisclosed · Aug 2026
Cumulative funding Zipline raised
$1.8B
across 9 funding rounds
Key investors in Zipline
Baillie Gifford
Katalyst Ventures
Sequoia Capital
Temasek
Fidelity
The Rise Fund
About Zipline
Zipline is a Half Moon Bay-headquartered drone delivery company that manufactures and operates fixed-wing drones for transporting medical supplies such as blood and vaccines. It runs autonomous logistics networks in Rwanda, Ghana, Nigeria, and the United States, completing over 1 million deliveries since 2016. Zipline's Platform 2 drones achieve speeds up to 100 mph with parachute drops for precise landings. The company partners with health organizations like WHO and holds FAA approvals for beyond-visual-line-of-sight operations, expanding to Japan in 2023.
Founded
2011
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$7.6B (Aug 2026)
Zipline Valuation
Zipline is currently valued at $7.6B, based on its strategic investment round in August 2026.
The round was led by Uber.
Zipline's valuation has grown 12x from $620M at its Series C in March 2018 to $7.6B in August 2026, across 6 priced rounds.
Zipline valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2026 | Strategic investment | $7.6B |
| Jan 2026 | Undisclosed stage | $7.6B |
| Apr 2023 | Series F | $4.2B |
| Jun 2021 | Series E | $2.8B |
| Mar 2019 | Series D | $1.2B |
| Mar 2018 | Series C | $620M |
Zipline Funding History
Zipline has raised a total of $1.8B across 9 funding rounds, plus 1 secondary share sale.
Zipline's first fundraising round was a $18M Series A in July 2015. The most recent completed round was a strategic investment round in August 2026.
Zipline funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2026 | Strategic investment | Uber (lead) | - | $7.6B | Uber Technologies announced on August 17, 2026 that it will make a strategic investment in Zipline as part of a broader partnership to bring Zipline’s autonomous drone delivery network to Uber Eats customers across the United States. The companies said the first deliveries are planned for later in 2026 and that the long-term goal is to reach one million drone deliveries per day by the end of 2029. The partnership is intended to expand drone delivery at scale by combining Uber’s consumer delivery platform with Zipline’s autonomous logistics system. The service will begin in Zipline’s existing U.S. markets before expanding to additional cities, with the companies positioning the arrangement as a long-term operating partnership rather than a one-off commercial test. Zipline is a drone delivery company operating across four continents and had completed 2 million deliveries at the time of the announcement. The company was most recently valued at $7.6 billion after raising $800 million earlier in 2026. |
| Jan 2026 | Undisclosed stage | Tiger Global (lead); Baillie Gifford; Fidelity; Valor Equity Partners | $600M | $7.6B | Zipline, a San Francisco-based drone delivery company founded in 2011 by Keller Rinaudo Cliffton and others, specializes in autonomous logistics using fixed-wing electric drones for rapid delivery of medical supplies, food, retail, and healthcare products to hospitals, facilities, and homes. The company operates the world's largest autonomous delivery system, having completed over 2 million commercial deliveries and flown more than 125 million autonomous miles across four continents, serving 5,000+ hospitals and health facilities while claiming to save 10,000+ lives annually with zero-emission aircraft and no serious injuries. On January 21-22, 2026, Zipline raised $600 million in a funding round at a $7.6 billion valuation, up from around $5 billion in 2024, with participation from Fidelity Management & Research Company, Baillie Gifford, Valor Equity Partners, and Tiger Global. The capital will fund expansion into at least four new U.S. states, starting with Houston and Phoenix, alongside scaling manufacturing, fleet capacity, and metro infrastructure to meet accelerating demand for faster, cleaner deliveries. Zipline's growth includes commercial deployments in the U.S. and expansions in Africa backed by up to $150 million in prior government funding for AI and robotics infrastructure. CEO Keller Cliffton emphasized 2026 as a pivotal year for mainstream autonomous drone delivery, positioning Zipline ahead of competitors like Amazon and Alphabet's Wing in a maturing logistics market. The round underscores investor confidence in Zipline's 'magical portal' model and trillion-dollar potential through high-frequency deliveries, with hires from Tesla and SpaceX enhancing scaling capabilities. |
| Jun 2024 | Series G | Baillie Gifford | $350M | - | Baillie Gifford followed on in Zipline's Series G, a roughly USD 350 million private round raised in June 2024 that the company did not announce publicly. Scottish Mortgage Investment Trust's annual report records a 'Zipline International Inc Series G Pref.' follow-on in the year to 31 March 2025, and market trackers put the round at about USD 350 million at a valuation of roughly USD 5 billion. The capital was raised to fund the commercial roll-out of Zipline's second-generation Platform 2 system in the United States, where the company had signed delivery agreements with health systems, pharmacy chains and restaurant groups. Zipline was founded in 2014 by Keller Cliffton, Keenan Wyrobek and Will Hetzler and is headquartered in South San Francisco. It designs and operates electric delivery drones together with the ground infrastructure they launch from, and began with national blood and vaccine distribution contracts in Rwanda and Ghana before expanding into the United States, Japan and Nigeria. Revenue comes from per-delivery fees and long-term service contracts with health ministries, hospital systems, pharmacies and retailers. |
| Apr 2023 | Series F | Katalyst Ventures | $330M | $4.2B | Zipline, a South San Francisco-based drone delivery company specializing in autonomous logistics for medical supplies, food, retail, and healthcare products, secured $330 million in its Series F funding round, concluded on April 28, 2023, at a post-money valuation of $4.2 billion, marking a 55% increase from its prior $2.7 billion valuation. The round, priced at $40.20 per share per a Delaware filing on April 10, included participation from new and existing investors such as Sequoia Capital, Andreessen Horowitz, Google Ventures (GV), and Katalyst Ventures, bringing total funding to approximately $821-900 million across multiple rounds. A potential $20 million extension could raise the total to $350 million. The capital aims to fuel expansion of operations, including the launch of Zipline's new home delivery service and deployment of its next-generation Platform 2 (P2) system, featuring small delivery droids and drones capable of carrying eight pounds of cargo over 10 miles with lamppost docking stations. Partnerships include Sweetgreen, Michigan Medicine, and various health systems, alongside ongoing operations serving hospitals and facilities, particularly in Africa for 24/7 medical supply delivery. Zipline positions itself as the forefront of zero-emission, automated instant delivery, with backers like GV highlighting its role in transforming logistics. The round occurred amid a challenging funding environment for startups, underscoring strong investor confidence in drone delivery amid regulatory progress and commercial scaling in the U.S. and globally. Later rounds, such as a $600 million raise at $7.6 billion valuation, reflect continued growth, but details here pertain to the specified April 2023 Series F. |
| Jun 2021 | Series E | Baillie Gifford (lead); Katalyst Ventures (lead); Temasek (lead); Intercorp Peru; Reinvent Capital; Fidelity; Emerging Capital Partners | $250M | $2.8B | - |
| Mar 2021 | Secondary | Covenant Venture Capital | $8M | - | - |
| Mar 2019 | Series D | The Rise Fund (lead); Baillie Gifford; Katalyst Ventures; Empede Capital | $120M | $1.2B | - |
| Mar 2018 | Series C | Katalyst Ventures (lead); Temasek; Baillie Gifford; The Index Project; GV; Oakhouse Partnaers; Bright Success Capital; Goldman Sachs; TPG; SteelSky Ventures; The Rise Fund; Toyota Tsusho | $70M | $620M | Zipline is the world’s first national-scale drone delivery service, specializing in instant autonomous drone logistics for medical supplies, healthcare products, and later consumer goods, primarily targeting remote and hard-to-reach areas in Africa, with expansions planned to South Asia, Southeast Asia, and the Americas. The company operates distribution centers serving millions, such as in Ghana where each center caters to 2.5 million people on average, supported by partnerships with governments and organizations like Gavi, Pfizer, and UPS Foundation. Zipline's business model combines revenue from government and business customers for delivery services, philanthropic support for new centers in low-income markets, and venture capital for scaling team and technology. In Spring 2018 (around March-May), Zipline raised $70 million from investors including lead Katalyst Ventures, Baillie Gifford, GV (Google Ventures), Temasek Holdings, Bright Success Capital, Goldman Sachs, Oakhouse Partners, SteelSky Ventures (possibly aligned), Toyota Tsusho, and others like The Index Project/The Design to Improve Life Fund. This was the first phase of a larger fundraising effort, followed by $120 million in Spring 2019 from returning investors plus new participant The Rise Fund (TPG), totaling $190 million labeled as Series D. The combined round valued Zipline at over $1.2 billion. Total funding since founding reached $225 million at that time, with earlier rounds including $25 million Series C in March 2018 from Sequoia and Katalyst Ventures. Zipline aimed to expand to serve 700 million people within five years post-2019 funding. The company continued scaling, achieving later valuations like $2.7B in 2021 Series E, $4.2B in 2023 Series F, and $7.6B in 2026 Series H, with total funding exceeding $1.9B and metrics like over 2 million deliveries and 125 million autonomous miles flown. Investors in later rounds overlapped with 2018 participants like Baillie Gifford, Temasek, and GV. |
| Nov 2016 | Series B | Visionnaire Ventures (lead); Grishin Robotics; SGH CAPITAL; Wesley Chan; Slow Ventures; Morado Ventures; AME Cloud Ventures; Oakhouse Partnaers; Andreessen Horowitz; Sequoia Capital; Leblon Capital; Konstantin von Unger | $25M | - | Zipline International raised $25 million in Series B funding on November 9, 2016, led by Visionnaire Ventures and joined by Sequoia Capital, Andreessen Horowitz, Subtraction Capital, and other investors. The funding brought total capital raised to approximately $43 million. The company builds fixed-wing delivery drones and operates delivery services that drop medical supplies including blood, vaccines, and medicines to clinics and hospitals in areas inaccessible by traditional transportation. The drones, called Zips, use commercial-airplane-grade safety approaches and can serve large populations without requiring roads or traversing difficult terrain. At the time of the Series B, Zipline was already operational in Rwanda, conducting emergency flights to deliver blood to transfusion clinics across Africa. CEO and cofounder Keller Rinaudo stated the funding would support hiring, technology development, and expansion into new markets including Indonesia, Vietnam, and the United States, pending regulatory approvals. The company's business model focused on providing instant on-demand medical delivery at low cost by leveraging text-message ordering from healthcare workers. |
| Jul 2015 | Series A | Sequoia Capital (lead); Visionnaire Ventures (lead) | $18M | - | Zipline raised $18 million in its Series A funding round on July 14, 2015, led by Sequoia Capital and Visionnaire Ventures, with participation from investors including SV Angel, Tuesday Capital, Morado Ventures, Rivas Capital, VTF Capital, Oakhouse Partners, and Vijay Pradeep. The round supported the early-stage drone delivery company focused on autonomous systems for medical supplies and logistics. |
Who has invested in Zipline?
32 investors have backed Zipline across its funding rounds, including Baillie Gifford, Katalyst Ventures, Sequoia Capital, Temasek, Fidelity and The Rise Fund.
Lead investors include Uber, Tiger Global, Baillie Gifford, Katalyst Ventures, Temasek and 3 other investors.
Zipline Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Edinburgh | 5 | Lead | Mar 2018 | |
| San Francisco, CA | 4 | Lead | Mar 2018 | |
 Singapore | 2 | Lead | Mar 2018 | |
| Boston, MA | 2 | Participant | Jun 2021 | |
| San Francisco, CA | 2 | Participant | Nov 2016 | |
| San Francisco, CA | 2 | Lead | Jul 2015 | |
| San Francisco, CA | 2 | Lead | Jul 2015 | |
| San Francisco, CA | 2 | Lead | Mar 2018 | |
| San Francisco, CA | 1 | Participant | Nov 2016 | |
 Luxembourg | 1 | Participant | Nov 2016 | |
 Lima | 1 | Participant | Jun 2021 | |
| New York City, NY | 1 | Participant | Jun 2021 | |
 Copenhagen | 1 | Participant | Mar 2018 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialZipline Competitors
Zipline competitors include listed companies like Mobileye, XPENG and Momenta Global, and private ones like Argo AI, Wayve and Didi Woya.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Pittsburgh, PA | Private | - | - | $7B | - | |
 Israel | Publicly listed | $1.9B | $140M | $6.8B | 2.7x | |
| London | Private | - | - | $8.6B | - | |
 China | Publicly listed | $11B | $156M | $10B | 1.0x | |
| China | Publicly listed | $360M | ($502M) | $5B | - | |
| Beijing | Private | - | - | $5B | - |
Zipline Public Comps
Zipline is still privately-owned, but its public comps include JD Logistics, Matson, China Aerospace Times, Mobileye, HANJIN KAL, Nippon Express Holdings, Qingdao Port, Qube Holdings, Saia and SG Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $32B | $3B | 0.3x | 0.2x | 2.8x | 2.9x | |||
| $3.3B | $809M | 2.3x | 2.1x | 9.4x | 9.6x | |||
| $2.1B | $166M | 3.9x | 3.5x | 48.1x | - | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
| $217M | $175M | 31.8x | - | 39.5x | - | |||
| $17B | $331M | 0.7x | 0.7x | 36.7x | 6.5x | |||
| $2.8B | $1.3B | 2.8x | 2.7x | 6.1x | 7.1x | |||
| $2.9B | $499M | 2.9x | 2.5x | 16.7x | 18.7x | |||
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Common questions about Zipline
| When was Zipline founded? | Zipline was founded in 2011. |
| Where is Zipline headquartered? | Zipline is headquartered in San Francisco, CA, United States. |
| Is Zipline publicly listed? | No, Zipline is a private, VC-backed company. |
| What is Zipline's valuation? | Zipline was last valued at $7.6B in its strategic investment round in August 2026. |
| How much funding has Zipline raised? | Zipline has raised $1.8B across 9 funding rounds. |
| What was Zipline's last funding round? | Zipline's last funding round was a strategic investment round in August 2026, led by Uber. |
| Who are Zipline's investors? | Zipline's investors include Baillie Gifford, Katalyst Ventures, Temasek, Fidelity, Oakhouse Partnaers, Visionnaire Ventures, Sequoia Capital, The Rise Fund, Grishin Robotics, SGH CAPITAL and 22 others. |
| Which companies are comparable to Zipline? | Companies comparable to Zipline include Argo AI, Mobileye, Wayve, XPENG, Momenta Global and Didi Woya. |
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