The GV-backed medical supplies distribution service received the money from new and returning investors at a $2.75bn valuation.

Zipline, a US-based medical consumables logistics service backed by internet technology group Alphabet, secured $250m from investors including financial services and investment group Fidelity yesterday.

Baillie Gifford, Emerging Capital Partners, Intercorp, Katalyst Ventures, Reinvent Capital and Temasek filled out the participants in the round, with the cash secured at a $2.75bn valuation.

Founded in 2014, Zipline operates a fleet of unmanned aerial vehicles which carry out on-demand deliveries of medical supplies including vaccines, blood products and medicines in rural areas.

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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