Snapchat co-founder Evan Spiegel confirmed the funding to me, and noted that the company now sees 60 million snaps sent per day, and users have sent over 5 billion snaps in total.
Barry eggers lightspeed series#
It does not store any personal data.Snapchat, the impermanent messaging app that won “Fastest Rising Startup” at the 2012 Crunchies, has finalized a $13.5 million Series A round led by Benchmark’s Mitch Lasky.Īccording to The New York Times, Snapchat is now valued between $60 and $70 million. In December, GigaOm’s Om Malik reported that Snapchat was raising an $8 million round from Benchmark at roughly a $50 million valuation and our own Eric Eldon wrote that Snapchat was raising a Series A “north of $10 million” at a rough $70 million valuation, led by Lasky. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary".
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Department of Transportation to explore commercial, middle-mile drone delivery projects. In August, Volansi announced a partnership with the N.C. “We’ve been impressed by the leadership and team’s ability to innovate and execute, and we are looking forward to deepening our partnership during this next phase of growth.” “The Volansi team has made significant progress since Lightspeed led the company’s Series A back in 2019,” said Barry Eggers, founding partner of Lightspeed. The delivery drone has flown missions in Africa, the Caribbean and the U.S.Ī dual role aircraft, the VOLY M20 can carry up to 20 pounds of cargo in addition to 10 pounds of sensor payloads with a 350-mile range and a cruising speed of 75 mph. The VOLY C10 can carry up to 10 pounds of cargo more than 50 miles. With $25 million of prior capital provided by Lightspeed and other investors, Volansi developed several new drone models, including the VOLY M20 and VOLY C10. “We are particularly excited about Volansi’s unique ability to address the medical community with urgent vaccine delivery, particularly in looking ahead to a post-COVID world.”
“The drone market is very crowded with all sorts of players, but after getting to know Hannan and his team and doing an extensive amount of due diligence, especially with Volansi’s key customers and distribution partners, it became abundantly clear that the company is well-positioned to rapidly build a huge business,” Horowitz said.
Volansi also announced Joe Horowitz, managing partner of Icon, will join the startup’s board of directors. “Closing our Series B with such high-quality investors, especially during these challenging times, is further testament to the venture capital community’s confidence in our business and will allow us to keep pushing the envelope of mobility and robotics.”
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