Matternet is an autonomous drone logistics platform enabling on-demand aerial delivery of packages and medical items. The company develops integrated delivery networks with autonomous drones, landing stations, and cloud-based logistics software for healthcare, e-commerce, and commercial delivery. Matternet operates the first FAA Type Certified delivery drone (M2) and has completed tens of thousands of commercial flights across North America and Europe.
Matternet is publicly traded
Listed directly on Sep 21, 2026
This company is no longer available on our private secondary market. Shares can be traded publicly under MTTN.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Employees
50–59
Total Funding
$95M
10 rounds
Last Private Valuation
$0.14B
May 28, 2026
Began trading on OTCQB Venture Market under ticker MTTN as first publicly traded pure-play drone delivery company
Shares now publicly tradable, opening liquidity previously only available via secondary/private markets
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $95M across 10 rounds
Last updated 09-22-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| May 28, 2026 | Private placement (go-public transaction) Press release | $28.7M | $0.14B *estimated | Ed Eisler (EE Holdings), Mark Tompkins (Montrose Capital Partners) |
| Mar 3, 2026 | Bridge Notes | $6M | — | Not disclosed |
| Sep 2, 2025 | Series B-3 | $5.2M | — | Not disclosed |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series B
$220M
May 2022
Matternet today
$145M
May 2026 · latest mark
Matternet multiple
0.7x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Andreas Raptopoulos
Founder & CEO
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Wing
Alphabet-owned drone delivery service with 450,000+ deliveries completed. Advanced autonomous delivery platform for last-mile logistics.
Zipline
Long-range autonomous delivery platform using fixed-wing aircraft. First company to complete one million commercial drone deliveries with zero-emission drones.
DroneUp
Last-mile drone delivery service for retail, food, and medical delivery. Focused on integration with existing company operations.
Manna Drone Delivery
Autonomous drone delivery service focused on fast delivery to consumers in urban areas.
Yes, Matternet is publicly traded under the ticker symbol MTTN on the OTCQB Venture Market. The company went public in Sep 21, 2026.
Matternet trades under the ticker symbol MTTN on the OTCQB Venture Market. It began trading in Sep 21, 2026.
Matternet (MTTN on the OTCQB Venture Market) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker MTTN to place an order.
Matternet went public in Sep 21, 2026 via direct_listing, with an offering valuation of approximately $0.14B. Matternet became an SEC-reporting company through a 2026-05-22 reverse merger with Los Altos Ventures Corp., raised a concurrent $28.7M private placement at $3.00 per share, and registered its shares for resale on Form S-1 (effective 2026-08-12). Its common stock began trading on the OTCQB Venture Market under the ticker MTTN on 2026-09-21; it is not listed on a national securities exchange.
Matternet raised $95M across 10 disclosed funding rounds prior to its public listing.
Matternet was founded by Andreas Raptopoulos in 2011.
Matternet is headquartered in Mountain View, CA.
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