Starship Raises $42M Series B, Has Raised $100M in the Last 30 Days
More money means more pressure on Starship's delivery robot competitors.
Delivery robot company Starship announced it has raised a $42 million Series B round of funding. Investors include NordicNinja, Taavet+Stenn, TDK Ventures and Goodyear.
The new funding comes less than 30 days after Starship’s €50M capital infusion from the European Investment Bank, bringing the total amount raised by Starship to more than $100 million. The company has raised $202 million in total.
Starship’s big warchest will put some pressure on delivery robot rivals such as Kiwbot, Serve and Cartken as they all come to market.
Fun Fact! Starship says it has completed more than three million autonomous commercial deliveries in total. And at Oregon State University alone, it’s doing 1,000 deliveries a day.
Well. Starship has certainly had a busy first quarter of 2022. The delivery robot company announced today that it has raised a $42 million Series B round of funding that comes less than a month after the company received €50 million (~$56.4M USD at the time). For those of you bad at math, that’s more than $100 million Starship now has to bolster its warchest.
But the story here is less about Starship, and more about what its fundraising spree means for its competition.
Want an overview of all the players in the delivery robot space? Checkout the OttOmate Guide to Sidewalk Delivery Robots