E14 Fund is an existing backer of Elroy Air, although it did not return for the $40m series A round.

Elroy Air, a US-based autonomous cargo drone developer backed by Massachusetts Institute of Technology Media Lab’s E14 Fund, has pocketed $40m in a series A round, according to TechCrunch. The round was co-led by Marlinspike Capital and Prosperity7 together with aerospace and defence company Lockheed Martin’s corporate venturing arm, Lockheed Martin Ventures. Catapult Ventures, DiamondStream…

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