Where is Matternet located?

Matternet is headquartered in Mountain View, United States. It is registered at 185 E Dana St Mountain View, California 94041, USA..

Who is the current CEO of Matternet?

Andreas Raptopoulos of Matternet. They have also founded 1 company.

Is Matternet a funded company?

Matternet is a funded company, having raised a total of $34.1M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round.

When was the latest funding round of Matternet?

Matternet's latest funding was a $***** Conventional Debt round on Mar 03, 2026, with participation from 0 investor.

Where does Matternet rank among its competitors?

Matternet ranks 18th amongst 134 active competitors, of which 45 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Zipline, which secured $600M in Jan, 2026.

Who are the top competitors of Matternet?

Matternet's top competitors include Flytrex, Workhorse Group and Zipline. Among them, Matternet secured the most recent funding round in March, 2026.

Matternet - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of autonomous drone networks. Its drones, such as the Matternet M2, enable the transportation of lab samples, pharmaceuticals, and other medical supplies, as well as consumer goods.

Website: www.matternet.com/
Social
Email ID: *****@matternet.us
Phone Number: +1 **********
Registered Address: 185 E Dana St Mountain View, California 94041, USA.

Key Metrics

Founded Year

2011

Location

Mountain View, United States

Stage

Series A

Total Funding

$34.1M in 8 rounds

Latest Funding Round

Conventional Debt, Mar 03, 2026, $*****

Investors

McKesson Ventures & 8 more

Ranked

18^th among 134 active competitors

Similar Companies

Flytrex & 133 more

View Matternet's full profile

Matternet is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Matternet Inc CIN: 45-4220631 , United States, Active	Dec 05, 2011	-	31 (As on Dec 31, 2023)	-

Matternet has raised a total funding of $34.1M over 8 rounds. Matternet has 8 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Matternet:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 03, 2026	1263974	Conventional Debt	6248382	5361606	6528084	6771176
Aug 10, 2021	7361548	Series A	5948609	5306769	8635026	RattanIndia Finance
Jan 14, 2020	3486648	Series A	9136224	5830786	6370376	McKesson Ventures

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View details of Matternet's funding rounds and investors

The founders of Matternet are Paola Santana, Dimitar Pachov and Andreas Raptopoulos. Andreas Raptopoulos is the CEO of Matternet.

Here are the details of Matternet's key team members:

Paola Santana: Co-Founder, COO, CRO & Head of Network Operations of Matternet.
Dimitar Pachov: Former Co-Founder of Matternet and founder of 2 other companies, Matternet and Matternet.
Andreas Raptopoulos: Founder & CEO of Matternet and founder of 2 other companies, Matternet and Matternet.

View details of Matternet's Founder profiles and Board Members

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Top competitors of Matternet include Flytrex, Workhorse Group and Zipline. Here is the list of Top 10 competitors of Matternet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Flytrex 2013, Tel Aviv (Israel), Series C	Provider of cloud-based on-demand drone-based e-commerce delivery services	$60M	BRM, Benhamou Global Ventures & 15 others	69/100
2nd	Workhorse Group 2007, Cincinnati (United States), Public	Manufacturer of electric vehicles and related components for transportation solutions	$35.8M	ARK Investment Management, Marathon Asset Management ... & 4 others	68/100
3rd	Zipline 2011, San Francisco (United States), Series G	Operator of drone delivery and logistics	$1.43B	Google Ventures, Goldman Sachs & 61 others	65/100
4th	Elroy Air 2016, San Francisco (United States), Series B	Autonomous aircraft systems for cargo delivery purposes	$116M	Levitate Capital, Shasta Ventures & 31 others	64/100
5th	Skyports 2017, London (United Kingdom), Series C	Provider of solutions for operating vertiports and drone delivery management	$151M	Levitate Capital, Paris Aeroport & 26 others	63/100
6th	Swoop Aero 2017, Melbourne (Australia), Series B	Provider of airborne ambulatory and logistics services	$26M	Folklore Ventures, Right Click Capital & 9 others	62/100
7th	Volansi 2015, Concord (United States), Acquired	Logistics delivery solutions with VTOL drone delivery	$75M	Icon Ventures, Lightspeed Venture Partners ... & 11 others	61/100
8th	DroneUp 2016, Virginia Beach (United States), Series A	Provider of airspace management and unmanned aircraft system operation solutions	$8.95M	Walmart, Center for Innovative Technology	59/100
9th	Wing 1997, Palo Alto (United States), Acquired	Operator of on-demand drone delivery service for food, groceries, and goods	-	Burman Family Holdings	59/100
10th	Airbound 2020, Bengaluru (India), Seed	Provider of zero-infrastructure delivery drones for healthcare and e-commerce logistics	$10.4M	Lightspeed Venture Partners, IIMA Ventures ... & 8 others	56/100
18th	Matternet 2011, Mountain View (United States), Series A	Provider of autonomous drone networks	$34.1M	McKesson Ventures, Andreessen Horowitz & 7 others	46/100