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 |
|---|---|---|---|---|---|
| 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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | 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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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Investment services are provided in technology-focused venture capital and public securities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Elroy Air
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Elroy Air
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elroy Air
Frequently Asked Questions about Elroy Air
When was Elroy Air founded?
Elroy Air was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Elroy Air located?
Elroy Air is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Elroy Air?
David Merrill is the current CEO of Elroy Air. They have also founded this company.
Is Elroy Air a funded 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.
How many employees does Elroy Air have?
As of Dec 31, 2024, the latest employee count at Elroy Air is 24.
What does Elroy Air do?
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.
Who are the top competitors of Elroy Air?
Who are Elroy Air's investors?
Elroy Air has 17 investors. Key investors include Lemnos, Catapult Ventures, DiamondStream Partners, Side X Side, and Precursor Ventures.
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