Matternet: Funding, Investors & Team (Oct 2026)
Matternet is a leading developer of drone delivery systems for urban and suburban areas. The company offers the Matternet M2 drone and Matternet Software Platform, and works with logistics organizations like UPS to operate its technology. In 2017, Matternet became the first company authorized for commercial drone operations over cities in Switzerland. In 2019, Matternet and UPS partnered to launch drone delivery services in the U.S. and conducted the first revenue-generating drone deliveries in the country. In 2022, Matternet's M2 drone delivery system became the first to receive standard certifications from the FAA in the U.S. Matternet technology has enabled over 20,000 commercial flights so far.
Matternet has raised $6.0M across 2 funding rounds on record, the most recent an undisclosed round of $6.0M announced in Mar 2026.
That round is below the $7.7M median round size for Consumer Electronics companies tracked on FundedIQ over the last two years.
Matternet Company Profile and Key Stats
Latest funding round on record: Mar 2026.
Matternet Funding Rounds
1 of 2 rounds was announced without a disclosed amount and is excluded from the total.
Matternet announced an undisclosed round in Sep 2024; the amount was not disclosed.
1.5 years later, an undisclosed round of $6.0M was announced in Mar 2026.
Matternet Founders and Leadership Team
Contact details for the Matternet team: 1 of 1 has an email address on file.
Start 14-day free trial →Matternet Funding Compared to Other Consumer Electronics Startups
Matternet's latest round of $6.0M is below the median round in Consumer Electronics. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Matternet in Consumer Electronics and Mountain View
Companies Similar to Matternet
Chiplytics specializes in data-driven inspection technology for deeper insights into the microelectronics…
Efficient is a computer architecture and software stack company that creates a general-purpose processor for…
Mesa Quantum produces quantum sensors and integrated chip-scale technology solutions for electronics.
the provision of cutting-edge, power-dense, efficient magnetics based on amorphous and nanocrystalline…
We're building infrastructure that oversees the storage of all physical goods in the future, using software…
GuRu Wireless, a company located in Pasadena, California, is funded by venture capitalists. It was founded as…
Etched.ai is the creator of Sohu, an AI chip specifically designed for transformer models. By integrating the…
Point2 Technology develops a dielectric waveguide for high speed interconnect for both datacenter…
Copper is a startup that specializes in battery solutions.
The team at Eliyan has developed high-quality semiconductors for enterprise and server use. Comprised of…
Sila Nanotechnologies is a company that produces high-energy lithium-ion batteries for electric vehicles and…
Matternet Funding FAQs
What does Matternet do?
Matternet is a leading developer of drone delivery systems for urban and suburban areas. The company offers the Matternet M2 drone and Matternet Software Platform, and works with logistics organizations like UPS to operate its technology. In 2017, Matternet became the first company authorized for commercial drone operations over cities in Switzerland. In 2019, Matternet and UPS partnered to launch drone delivery services in the U.S. and conducted the first revenue-generating drone deliveries in the country. In 2022, Matternet's M2 drone delivery system became the first to receive standard certifications from the FAA in the U.S. Matternet technology has enabled over 20,000 commercial flights so far.
How much funding has Matternet raised?
Matternet has raised $6.0M across 2 rounds on record. The most recent is an undisclosed round of $6.0M announced in Mar 2026.
When did Matternet last raise funding?
Matternet's most recent funding round on record is an undisclosed round of $6.0M, announced in Mar 2026.
Who founded Matternet?
FundedIQ lists Andreas Raptopoulos (Founder) at Matternet.
Where is Matternet headquartered?
Matternet is based in Mountain View, California, United States.
How many employees does Matternet have?
Matternet is in the 51-100 employee band.
How does Matternet's funding compare to other Consumer Electronics startups?
Matternet's latest round of $6.0M is below the $7.7M median round size for Consumer Electronics companies on FundedIQ across 1,547 tracked companies over the last two years.
About FundedIQ's Matternet Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Matternet is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Startup funding intelligence on every funded startup: the round, the investors and the founders, as a file in your inbox or searchable in the app.
Radar from $49/mo · Pro from $149/mo. Card required, nothing charged until day 15, and we email you 3 days before that. Need something specific? Custom plans from $499/mo.