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Manna Air closes new funding round of $30m

Bobby Healy, the founder and CEO of Manna Air
Bobby Healy, the founder and CEO of Manna Air

Dublin drone delivery service Manna Air has announced a new $30m funding round, bringing its total equity funding to over $60m to scale its operations.

Manna Air said its latest investment was co-led by Molten Ventures and Tapestry VC, with participation from several international institutional investors including Enterprise Ireland, Coca-Cola HBC, Dynamo VC and Radius Capital.

Manna Air Delivery currently serves 150,000 residents and is rapidly expanding into new European markets.

The company has already flown in the US, Europe, and Ireland and works with partners like Just Eat and DoorDash.

Most recently, the company has been testing in Finland, further demonstrating its ability to scale across diverse markets and climates.

"This funding allows us to accelerate our mission to make drone delivery the safest, most sustainable, and most convenient choice for communities worldwide," said Bobby Healy, founder and CEO of Manna.

"Our technology eliminates road congestion, reduces emissions, and ensures faster, safer deliveries -all while supporting local businesses," he said.

"From independent retailers like Lindough's Pizza and Kahuna Pops to well-known Irish brands like Eason's, Boojum and Eddie Rocket's, we're helping merchants reach more customers in a way that's both efficient and environmentally responsible and just better for communities." he added.

Since its last funding round in 2021, Manna has seen over 165,000 flights completed, a five times year-over-year growth from 2023 to 2024, and marginal delivery costs reduced by over 90%.

It also achieved EU-wide BVLOS (Beyond Visual Line of Sight) approval in 2023, setting a global standard for drone operations.

Anne Lanigan, Divisional Manager of Technology & Services at Enterprise Ireland, said that Manna has created over 100 high quality jobs in Ireland to date.

She said the company "demonstrates the best of Irish ingenuity combining software and hardware to create real world tech that makes a difference to communities in sustainable and safe food deliveries".
"Enterprise Ireland looks forward to continuing to work with Manna, helping them to grow further and expand their reach, strengthening their customer base both domestically and internationally," she added.