![]() ![]() Starship raised a $40 million Series A led by Morpheus Ventures back in 2019, and last January, according to PitchBook, data also raised a further $17 million with strategic backers TDK Ventures (the investment arm of the Japanese electronics giant) and Goodyear Ventures among the investors. It is not disclosing its valuation with this investment, but Alastair Westgarth said that this doesn’t rule out raising further funding from investors. Starship Technologies is describing this as a “quasi-equity facility”, meaning there is a venture loan involved in the mix. ![]() ![]() The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. Now it’s picking up some funding along with an endorsement in Europe to further its growth. Starship Technologies, one of the bigger names in the world of autonomous delivery robots - those little caboose-like, boxy delivery vehicles that self-drive around cities - has been on a roll during COVID-19, providing extra (unmanned) horsepower to distribute food and other goods between stores or restaurants and consumers, at a time when consumers were either reluctant or being ordered to stay at home to minimize the spread of the virus. ![]()
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