Swoop Aero has completed a $16 million Series B venture capital raise, following over 2 years of continuous drone delivery of medical supplies across Africa, and delivering over 800,000 items by drone. "The latest funding will enable the company to enter into new markets, scale its integrated logistics networks and expand Australian manufacturing capabilities whilst progressing its renowned impact-driven operations across Africa," reads the release.
The Series B raise was led by Australia's deep tech venture capital (VC) fund, Main Sequence. Impact-focused fund Giant Leap has joined the venture capital round in addition to In-Q-Tel, the non-profit strategic investor to the U.S. national security community and its allies.
The Series B raise was led by Australia's deep tech venture capital (VC) fund, Main Sequence. Impact-focused fund Giant Leap has joined the venture capital round in addition to In-Q-Tel, the non-profit strategic investor to the U.S. national security community and its allies. "Joining for a 3rd-time re-investment from both Artesian and Folklore Ventures is a testament to Swoop Aero continuing on a strong growth trajectory, scaling manufacturing and network operations across 4 continents, including Africa, Southeast Asia, Oceania, and Europe," said the company in the release.
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