Airspace Raises $38 Million In Series C Round For Time-Critical Logistics Growth
- Date: 26-Jan-2021
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Airspace Raises $38 Million In Series C Round For Time-Critical Logistics Growth
Nick Bulcao, Co-Founder & CEO of Airspace
Airspace
Airspace, which specializes in time-critical logistics and delivery services for industries such as healthcare, aerospace and high-tech machinery, announced that it has raised $38 million in a Series C round of funding, led by Telstra Ventures. To date, the company has raised $70 million through three funding rounds.
Other backers include Scale Ventures, who led Airspace's Series B; Defy Ventures, who led Airspace's Series A; along with Qualcomm Ventures, HarbourVest and Prologis Ventures. The company boasts over 200 customers, including Quest Diagnostics
DGX
, Frontier Airlines, Boeing
BA
, FedEx
FDX
, LabCorp
LH
and the American Red Cross.
“We've more than doubled our growth every year and we are also very capital-efficient, so this round will allow us to continue that trend in 2021 and succeed not just in the U.S., but abroad,” says Nick Bulcao, co-founder and CEO at Airspace, which is based in Carlsbad, California. “Our motto during the Covid-19 downturn has been to thrive through the crisis, not just survive, which