Airspace Raises $38 Million In Series C Round For Time-Critical Logistics Growth

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