Zipline is raising $120M to enter the unicorn club-reports


Drone-delivery startup Zipline is said to be seeking to raise up to $120 million in Series D funding according to reports.

In October 2012, Zipline raised $6.6 million then in July 2014 it raised $4.2 million and a year later, in July 2015 it raised $7.5 million. In November 2016, Zipline raised $25 million and in March 2018 it raised $70 million Series C at a $620 million valuation.

If the funding reports are anything to go by, Zipline will be valued north of $1 billion, thereby joining the unicorn club.

In April last month, Zipline raised $3m from the UPS Foundation, including $2.4 million in funding and $600,000 of in-kind shipping services. Separately, UPS has already begun an analysis of Ghana’s healthcare supply chain, providing expertise designed to complement the government’s vision to continually optimize the delivery of healthcare products.

Launched in 2014, Zipline began in Rwanda in 2016 has made more than 13,000 deliveries to date. Zipline drones now deliver more than 65% of Rwanda’s blood supply outside of the capital, Kigali.

Last year the firm announced it was doubling down on Nigeria and was heavily recruiting for its Nigeria-based Business Development team and will be coming to Lagos for one day of talent scouting on Wednesday, September 12th.

 Zipline announced in August of 2017 launched an extensive drone delivery service in Tanzania to provide emergency on-demand access to critical and life-saving medicines. Zipline and the government of Tanzania are using drone delivery for blood transfusion supplies, emergency vaccines, HIV medications, antimalarials, antibiotics, lab reagents, and basic surgical supplies.