Menu visibility control

Video

Events

Startup Surgery

Most Recent

E-commerce

EXCLUSIVE: Suffolk-based SaveMoneyCutCarbon raises £2.2m

Investments

Shipping software provider Shipamax raises $2.5m in Seed funding

FinTech

London-based robo-adviser MortgageGym raises £2m Seed

Press Releases

Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor talent.io poised for further growth with €8m investment secured
London tech startup Spoon Guru partners with Tesco to power food searches for consumers with specific dietary needs

Starship Technologies secures $17.2m in Seed funding

starlight technologies
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Starship Technologies, the company working to produce a fleet of autonomous robots for the delivery of local goods, has closed a $17.2m Seed funding round.

Led by Daimler AG,  the round also drew support from Shasta Ventures, Matrix Partners, ZX Ventures, Morpheus Ventures, Grishin Robotics, Playfair Capital and a number of other investors.

“Starship is reinventing the last mile transportation process, allowing convenient and sustainable robotic delivery,” said Ahti Heinla, CEO of Starship Technologies, adding: “This funding further accelerates development of our technologies and enables us to launch pilot programs in several new markets.”

UK tech investment trends of Q1 2017

The news comes after the firm partnered with Daimler-owned Mercedes-Benz last year in order to begin developing and testing ‘Robovan’, a transportation system integrating adapted vans and autonomous delivery robots.

Hardi Meybaum, general partner at Matrix Partners, said: “The way we move physical objects has changed dramatically thanks to Amazon and other delivery companies. Starship is enabling the trend and opening use-cases for the future that we can’t even imagine yet.”

Rob Coneybeer, co-founder and managing director at Shasta Ventures also commented on his firm’s decision to invest in the London-based company, noting that it had “proven the viability of ground-based robotic delivery” and showed that it was not just a far-fetched possibility, but a reality in today’s day and age.

Starship Technologies is running commercial delivery pilot programs in the US, UK, Germany, Switzerland and Estonia with partners including Just Eat, Hermes, Metro Group, Swiss Post and Wolt.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

savemoneycutcarbon

EXCLUSIVE: Suffolk-based SaveMoneyCutCarbon raises £2.2m
posted 54 mins ago

shipamax

Shipping software provider Shipamax raises $2.5m in Seed funding
posted 5 hours ago

MortgageGym

London-based robo-adviser MortgageGym raises £2m Seed
posted 6 hours ago

tech startup AI

AI and IP: What you need to know
posted on May 21, 2017

Top tech stats

Top tech stats: Entrepreneurial confidence, VR headsets and much more
posted on May 20, 2017

the death of the accelerator

Could tech accelerators soon become a thing of the past?
posted on May 19, 2017