Bobby Healy’s vision for drones delivering everything from food to medicine and more through Manna is gaining wings.
Irish drone delivery firm Manna has secured €20.7m ($25m) in a Series A investment to help it scale and capture emerging market opportunities.
Founded by former Cartrawler CTO Bobby Healy, Manna has developed drones that can deliver food, groceries, medicines and more.
“The Covid-19 pandemic forced consumers across the world to re-assess how they source their goods and opened our eyes to the fragility of our supply chains”
It recently has been working with smartphone giant Samsung to deliver phones by drone in Oranmore, Galway.
Vision takes wing
Manna founder and CEO Bobby Healy
“The Covid-19 pandemic forced consumers across the world to re-assess how they source their goods and opened our eyes to the fragility of our supply chains,” said Healy.
“There is a huge appetite for a greener, quieter, safer and faster delivery service, and we’re excited to use this fresh round of funding to expand operations and offer our service to even more customers.
“We are already working with our partners to deliver grocery products, takeaways and pharmaceutical supplies, and as we continue to scale our fleet of drones we will also begin supporting critical medical deliveries.”
The latest investment came from Dublin and London-based venture capital firm Draper Esprit with participation from DST Global and Team Europe. Existing investors in Manna including Ekstone, Dynamo Ventures and Atlantic Bridge were also involved.
“We are committed to supporting companies that have the potential to change how we live and Manna is a true example of this,” said Nicola McClafferty, partner at Draper Esprit.
“Drones will play a key role in building a long term and sustainable delivery infrastructure for communities around the world and Manna is already making that a reality. We are thrilled and privileged to be supporting Bobby and the Manna team as they create the future of food delivery.”
By John Kennedy (firstname.lastname@example.org)
Published: 29 April 2021