Delivery from Space Company Inversion Announces $44M Series A

Gunderson Dettmer represented client Inversion, the company pioneering precision delivery on-demand from space to anywhere on Earth, in its $44 million Series A financing co-led by Spark Capital and Adjacent. Inversion’s fully autonomous re-entry vehicles deliver goods and gear to the planet’s toughest spots – remote islands, uninhabitable mountains, or the middle of the ocean – in less than an hour, within 20 feet (6 meters). The company will use the new capital to scale its operations and build Arc, its next-generation autonomous re-entry vehicle.

In the announcement of the transaction, Inversion co-founder and CEO Justin Fiaschetti said, “Space is currently used as a tool to deliver global internet connectivity and earth observation, both massive terrestrial existing markets. Inversion is introducing the third pillar – cargo delivery – transforming the $6 trillion logistics industry. We have proven our capabilities, and our Series A funding will help us iterate, scale, and build our next generation of autonomous re-entry vehicles. Transportation and logistics advancements have been transformative throughout history – think of the societal impact of ships, trains, and airplanes – and the ability to access anywhere on Earth in minutes will be just as groundbreaking.”

The Gunderson Dettmer deal team was led by Mike Heath and included Tim Greene, Bess Blumenfeld, Zack Goldman and Radhika Raman.

Companies
Inversion
Spark Capital
Adjacent