About Elroy Air
Elroy Air is a company based in San Francisco (United States) founded in 2016 by Clint Cope and David Merrill. Elroy Air has raised $116.15 million across 6 funding rounds from investors including Lemnos, Catapult Ventures and DiamondStream Partners. The company has 24 employees as of December 31, 2024. Elroy Air operates in a competitive market with competitors including DJI, Ehang, Joby Aviation, Zipline and Wisk, among others.
- Headquarter San Francisco, United States
- Employees 24 as on 31 Dec, 2024
- Founders Clint Cope, David Merrill
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Elroy Air
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$116.15 M (USD)
in 6 rounds
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Latest Funding Round
$6.64 M (USD), Series B
Oct 31, 2024
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Investors
Lemnos
& 16 more
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Employee Count
24
as on Dec 31, 2024
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Funding Insights of Elroy Air
Elroy Air has successfully raised a total of $116.15M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $6.64 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $6.6M
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First Round
First Round
(22 Dec 2017)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2024 | Amount | Series B - Elroy Air | Valuation |
investors |
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| Jan, 2024 | Amount | Series B - Elroy Air | Valuation |
investors |
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| Aug, 2021 | Amount | Series A - Elroy Air | Valuation |
investors |
Investors in Elroy Air
Elroy Air has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Lemnos, Catapult Ventures and DiamondStream Partners.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are made in technology-driven startups by Catapult Ventures.
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Founded Year | Domain | Location | |
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DiamondStream Partners is focused on investing in mobility transformation companies.
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Investment services are provided in technology-focused venture capital and public securities.
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Investments & Acquisitions by Elroy Air
Financial Statements - Elroy Air
Elroy Air Comparisons
Competitors of Elroy Air
Elroy Air operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DJI, Ehang, Joby Aviation, Zipline and Wisk, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-utility drones are developed for agriculture and filmmaking sectors.
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| domain | founded_year | HQ Location |
Autonomous aerial vehicles are provided for consumer and commercial uses.
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| domain | founded_year | HQ Location |
Joby Aviation is focused on electric aerial ridesharing solutions.
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| domain | founded_year | HQ Location |
Drones are operated for on-demand delivery of medical supplies.
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| domain | founded_year | HQ Location |
Autonomous electric eVTOL vehicles are developed for passenger air transport.
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| domain | founded_year | HQ Location |
Electric vertical takeoff and landing aircraft are developed.
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Latest news on Elroy Air
Frequently Asked Questions about Elroy Air
Elroy Air was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Elroy Air is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
David Merrill is the current CEO of Elroy Air. They have also founded this company.
Elroy Air is a funded company, having raised a total of $116.15M across 6 funding rounds to date. The company's 1st funding round was a Series A of $40M, raised on Dec 22, 2017.
As of Dec 31, 2024, the latest employee count at Elroy Air is 24.
Elroy Air was founded in 2016 in San Francisco, United States, within the aerospace and logistics sector. Autonomous aircraft systems for cargo delivery are engineered, including a prototype with rotor-based vertical takeoff and landing, fixed-wing cruise capabilities, and a hybrid powertrain. Operations emphasize route optimization, fuel efficiency improvements, and logistics enhancements in urban environments, with features supporting accurate and safe deliveries.
Elroy Air has 17 investors. Key investors include Lemnos, Catapult Ventures, DiamondStream Partners, Side X Side, and Precursor Ventures.