Matternet, the only FAA Type-Certified drone delivery platform, raised approximately $33M in an oversubscribed private placement alongside a go-public reverse merger with Los Altos Ventures Corp., which has been renamed Matternet, Inc. The financing was led by new investors Ed Eisler of EE Holdings and Mark Tompkins of Montrose Capital Partners, with participation from existing investors. Proceeds will go toward launching the company's next-generation drone delivery platform and expanding commercial operations across food, retail, and healthcare. Matternet operates partnerships with UPS for healthcare logistics and Dave's Hot Chicken in the restaurant space, recently launched drone delivery with the NHS in Central London, and partnered with SoftBank Robotics America. The company has logged over 60,000 commercial flights since 2014.
