Matternet

Mountain View, CA · Founded 2011 · Privately Held (backing)

Manufacturer of commercial drones intended to offer fully automated, battery-powered package delivery. Matternet is based in Mountain View, CA and was founded in 2011. Its last reported valuation was $145 million in Oct 2025. It has raised $134 million across 4 recorded rounds; the latest was a $29.6 million early-stage round in May 2026.

Last reported valuation
$145.0M
Oct 2026
Priced at
—
Total raised
$133.7M
Last round
Early Stage VC
May 2026
How much has Matternet raised?
$133.7Macross 4 recorded rounds · Jul 2016 – May 2026

Most recently, Matternet raised $29.6M in its Early Stage VC (May 2026).

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Matternet round by round

4 rounds
May 2026Early Stage VC$29.6MSEC filing▮
165 investors participated
Mar 2026Debt$6.0MSEC filing▮
6 investors participated
Dec 2019Early Stage VC$5.7MSEC filing▮
7 investors participated
Jul 2016Early Stage VC$9.5MSEC filing▮
36 investors participated

How much has Matternet raised?

Matternet has raised $134 million in total; 4 of its rounds are on record, from 2016 on. The largest on record was a $9.5 million early-stage round in Jul 2016; the most recent was a $29.6 million early-stage round in May 2026.

Matternet has filed 2 Form Ds with the SEC since 2016, most recently in Jan 2020 ($5.7 million sold to 7 investors).

Matternet investors

30 investors are on record for Matternet, including Mana Ventures, Gaingels, Sony Innovation Fund and UpHonest Capital. By type, the record holds 10 venture capital firms and 4 family offices. The early-stage round in May 2026 drew 165 investors.

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Frequently asked about Matternet

How much has Matternet raised?
Matternet has raised $133.7M in total across 4 recorded funding rounds.
When was Matternet's last funding round?
Matternet's most recent recorded round was Early Stage VC in May 2026, raising $29.6M.