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
What is Matternet worth?
$145.0Mlast reported valuation · Oct 2026

Matternet's last reported valuation, Oct 2025. Nothing priced has surfaced since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Matternet funding history

4 rounds
DateRoundRaisedPost-money
May 2026Early Stage VC$29.6M▮
Mar 2026Debt$6.0M▮
Dec 2019Early Stage VC$5.7M▮
Jul 2016Early Stage VC$9.5M▮
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Matternet valuation

Matternet's last reported valuation was $145 million in Oct 2025. No priced round, secondary trade or fund mark has surfaced since.

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).

How Matternet's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Matternet, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by last reported valuation. Question about this number? Full methodology →

Frequently asked about Matternet

What is Matternet worth?
Matternet is valued at $145.0M as of Oct 2026. Matternet's last reported valuation, Oct 2025. Nothing priced has surfaced since.
How much has Matternet raised?
Matternet has raised $133.7M in total funding across 4 recorded rounds.
When did Matternet last raise?
Matternet last raised in May 2026 (Early Stage VC), raising $29.6M.