In its series B equity financing round, Zipline raised $25 million. This invested capital includes funds from Sequoia Capital, Andreessen Horowitz, Subtraction Capital and Jerry Yang, and was led by Visionnaire Ventures. Zipline, which builds drones to deliver medical supplies to clinics and hospitals that are not accessible by land, will put this funding toward expanding its services.
At present, Zipline delivers blood to clinics in Rwanda, according to TechCrunch. The startup plans to expand its services to additional clinics and to additional medical products, including anti-venoms, vaccines and rabies treatments. Outside of Rwanda, Zipline is considering expanding to markets in Indonesia, Vietnam and the United States.
To date, Zipline has secured $43 million in funding.
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