E14 Fund is an existing backer of Elroy Air, although it did not return for the $40m series A round.
Elroy Air, a US-based autonomous cargo drone developer backed by Massachusetts Institute of Technology Media Lab’s E14 Fund, has pocketed $40m in a series A round, according to TechCrunch.
The round was co-led by Marlinspike Capital and Prosperity7 together with aerospace and defence company Lockheed Martin’s corporate venturing arm, Lockheed Martin Ventures.
Catapult Ventures, DiamondStream Partners, Side X Side Management, Shield Capital Partners and Precursor Ventures also took part.
Elroy Air is working on autonomous cargo drones…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
