Swoop Aero raises Series A funding
23 June 2020
Aussie medical drone logistics company Swoop Aero raises Series A amid COVID-19
23 June 2020, Melbourne, Australia: Swoop Aero, the Australian drone-powered logistics company, has closed a Series A funding round with returning investors Right Click Capital and Tempus Partners, following a year of continued global growth momentum.
The homegrown startup will use the latest capital injection to scale their impact from millions to tens of millions as they scale to their goal of servicing 100 million people with better access to healthcare by 2025. Swoop Aero will establish a presence in Australia and New Zealand, as well as expand its service offering across the medical logistics space. The funding will also serve to certify its aviation systems for operations over urban areas which will help the business come closer to their goal.
Since its launch in 2017, Swoop Aero has established operations in five countries through partnerships with global health leaders including UNICEF, UKAid and DFID, impacting over two million people, and most recently became the first company in the world to remotely pilot commercially used drones from another country, when delivering PPE and critical supplies in Malawi during the COVID-19 pandemic, whilst piloting the aircraft from Australia. Since the onset of the pandemic, in Malawi alone, Swoop Aero has tripled its fleet following a rapid increase in network utilisation due to a 300 percent increase of samples carried between March and April.
With its sights firmly set on establishing a presence in ANZ, Swoop Aero has most recently begun working with the Civil Aviation Authority of New Zealand to achieve requisite Beyond Visual Line of Sight (BVLOS) approvals to transport pathology tests and samples locally via the air.
The company has already been working closely with the Australian government and the Civil Aviation Safety Authority (CASA) to slash red tape and enable aeromedical logistics services to be expanded in our vast land. In Australia alone, five per cent of pathology test samples are lost due to inefficient delivery methods, and often take up to a few weeks to return results. Using aeromedical drone logistics to transport medicines, pathology tests and samples, reduces chances of lost tests and improves turnaround times , enabling communities in urban, rural and remote areas faster, on-demand access to testing and supplies.
Garry Visontay, Partner at Right Click Capital, said:
“We are delighted to back Swoop Aero again. We look for bold founders taking their early steps in building globally significant businesses and the Swoop team have certainly demonstrated early success in their vision to transform health supply chains across the globe. Their technical achievements are remarkable for such a young company, combining both deep aviation understanding and mechatronic systems expertise to develop a world-leading autonomous aviation system,”
Alister Coleman, Founder and Managing Partner at Tempus, said:
“Swoop is a great reminder that the best founders don’t stop during difficult times. We’re excited to continue backing Eric and Josh in their Series A, and their mission to deliver Swoop Aero’s vision.
We invested in Swoop Aero at the Seed stage and over the last 12 months have seen the team move from strength to strength. Swoop has successfully executed drone networks in countries that need it most. But this logistical challenge isn’t limited to developing nations; Australia has its own challenges and is where Swoop could become a massive asset. We are not far from a future where networks of healthcare drones will ferry urgent supplies, pathology and medicine between hospitals and healthcare clinics in both developed and developing economies”
Eric Peck, CEO and co-founder of Swoop Aero, said:
“We most recently began drone operations delivering crucial medical supplies in Malawi with our pilots in South Africa and then subsequently from Australia due to heightened COVID-19 travel restrictions. Our vision is to transform the way the world moves essential supplies, and our Series A funding round will help us enable access to healthcare for one hundred million people by 2025.
“As COVID-19 has shown, problems with access to much needed healthcare supplies are consistent across the globe, even in developed countries like Australia, where pathology tests take days to arrive, if they arrive at all. We’re laser focused on further developing our service offering in ANZ and expanding operations so that more people can access vital services. We can’t imagine a future where drone transport isn’t a universally critical component of the health supply chain”
“In recent weeks we have seen the Australian government demonstrate their desire to put innovation back on the agenda. One of the biggest lessons from the pandemic is the need to remove the red tape which limited our capacity as a nation to respond as quickly as we could have, with a self-distancing solution to deliver life-saving medicines, and early testing kits.”
“We’ve formally provided a recommendation to the government inquiry into COVID-19 that the Civil Aviation Safety Authority (CASA) prioritise domestic healthcare-related aviation applications during and after the pandemic in order to enable a more effective national response and to build more resilience across the health supply chain. It fills us with great confidence that a change is on the horizon.”
“As Swoop Aero expands into more regions across the globe, and collaborates closer with industry and governments around the world, and in Australia, we’re thrilled to have the continued support of Right Click Capital and Tempus Partners at this vital stage of the business.”
To learn more about Swoop Aero: http://02504ee58637e0bfe75796c786f6d00a-1889210329.ap-southeast-2.elb.amazonaws.com/
About Swoop Aero
Swoop Aero transforms the way the world moves essential supplies by making access to the sky seamless. Founded in 2017, this Australian born and bred company is bringing healthcare logistics into the 21st century by deploying two-way drone networks capable of delivering essential medical supplies to urban, rural and remote areas globally. Their fully managed air transport service provides access to the skies to ensure sustainable, reliable and scalable provision of essential health supplies. Unmanned vehicles are at the heart of the next significant shift in supply chain logistics. From the UN to USAid and the Gates Foundation, they are trusted to create value by sustainably transforming health supply chains.
About Right Click Capital
Right Click Capital is a venture capital firm that invests in and champions Australia and New Zealand’s bold and visionary tech founders. We support early-stage founders and their teams by accelerating their growth and success with using our extensive experience, know-how, and unique global access to the global Draper Venture Network. Together, our vision is for our portfolio companies to be industry-defining businesses that positively impact the world. For more information, please visit www.rightclickcapital.com.
About Tempus Partners
Tempus Partners is a leading Australian early-stage VC firm investing in globally scalable technology companies with software at their core. The team has more than 70 years of experience in founding, operations, and investment into contemporary technology companies. This experience allows them to bet on technology solutions and categories that appear conventionally ‘impossible’ but are profoundly probable with the combination of brilliant founders and technology’s rapid advancement.