money cash

Drone delivery company, Zipline, has raised $25 million in series B funding from tech investment and venture capital firms, Visionnaire Ventures, Sequoia Capital and Andreessen Horowitz.

You may recall that in August 2016, Zipline partnered with the Government of Rwanda to launch a commercial drone service for the country in which the company was to deliver blood products to twenty hospitals and health centers around Rwanda with its drones. Venture Beat reports that Zipline is already making up to 150 flights each day, delivering blood to 21 transfusion facilities around the country.

This funding round brings the total money raised by Zipline to over $40 million from investors like Google Ventures, Sequoia Capital, Andreessen Horowitz, Visionnaire Ventures, Microsoft cofounder Paul Allen, and Yahoo founder Jerry Yang.

Susan Choe, Visionnaire Ventures cofounder, expressed confidence that Zipline is a smart investment that will help save lives. She says, “We look forward to what the future holds for Zipline and the countless people who can benefit from the company’s lifesaving technology.”

On its part, Zipline has said it will use this new funding round to expand its drone delivery service across Africa and other global markets. CEO Keller Rinaudo said Zipline aims to solve the problem of preventable deaths associated with the inability to deliver life-saving medicines. He added that the new funding will help make the company’s vision to “build an instant delivery system for the world, allowing medicines and other products to be delivered on-demand and at low cost, anywhere” possible much sooner.

Read this next
More From TC

The BackEnd explores the product development process in African tech. We take you into the mind of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the product cycle. — One of the first known attempts at designing an electronic health information system in Nigeria involved a […]

My Life In Tech is putting human faces to some of the innovative startups, investments and policy formations driving the technology sector across Africa. Joanna Bichsel wanted to build something for women. So she launched Kasha, named after her second child, and possibly Africa’s first femtech e-commerce platform. Kasha is now present in Rwanda and Kenya […]

Bliss Group

Last month, Kenya-based maternal care and e-commerce platform MumsVillage announced a merger with BabyBliss Nigeria to form Bliss Group, a pan-African omnichannel e-commerce and community platform for parenting content and baby care products. By 2024, the value of the baby care product market in the Middle East and Africa is expected to reach US$15 billion. […]

TechCabal is a Big Cabal Media brand

Copyright © 2020
All rights reserved

Privacy & Terms