Fundraising Fox

Elroy Air

California, US · Founded 2016 · Delaware corporation · 19 known investors

elroyair.com ↗

Elroy Air develops autonomous hybrid-electric aircraft for heavy-payload cargo delivery, serving commercial logistics, defense, and humanitarian customers. The company builds and operates the Chaparral vehicle, a turbogenerator-hybrid eVTOL aircraft designed for distributed aerial logistics in remote and contested environments.

Deep TechHardwareLogistics & Supply ChainRoboticsin /elroy-air

Founders & leadership

DMDave Merrill
Dave MerrillExecutive Officer, Director
CCClint Cope
Clint CopeDirector
AC
Andrew ClareCEO
DL
Darren LiccardoDirector

Investors · 19

Shield Capital✓ verifiedBurlingame
Snowpoint✓ verifiedPalm Beach
Aster CapitalParis · $540K – $16.2M
Catapult VenturesSilicon Valley · $250K – $1.5M
City LightNew York · $1M – $6M
E14 FundCambridge · $1M – $5M
Hardware ClubNew York
HCVCParis · $100K – $1M
Hemisphere Ventures LLC
HomebrewBurlingame · $100K – $500K
Prosperity7 VenturesDhahran
Rackhouse Venture Management LpSan Francisco · $250K
Script CapitalSan Francisco · $250K – $500K
Sprint VcBangalore · $300
The E14 FundCambridge · $1M – $5M
Yes VCSan Francisco · $30K – $1.5M
Cubit CapitalreportedDallas · $500K – $3M
Lemnos VCreportedSan Francisco
Lockheed Martin VenturesreportedBethesda

Reported raises · per SEC filings

Form D private placements
▶$6.6MraisedNov 2024 · 112 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Raj ShahDirector
  • Mislav TolusicDirector
  • Mark EsperDirector
  • Grant NewmanExecutive Officer
  • David MerrillExecutive Officer, Director
  • Darren LiccardoDirector
  • Clinton CopeExecutive Officer, Director
Offering amount
$10M
Amount sold
$6.6M
First sale
Oct 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$48.9MraisedFeb 2024 · 38 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Clinton CopeExecutive Officer, Director
  • Mark T. EsperDirector
  • Raj ShahDirector
  • Darren LiccardoDirector
  • David MerrillExecutive Officer, Director
Offering amount
$52.4M
Amount sold
$48.9M
First sale
Jan 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$31.7MraisedDec 2021 · 59 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Darren LiccardoDirector
  • David MerrillExecutive Officer, Director
  • Clinton CopeExecutive Officer, Director
Offering amount
$31.7M
Amount sold
$31.7M
First sale
Jun 2021
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$6.8MraisedApr 2020 · 23 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • David MerrillExecutive Officer, Director
  • Darren LiccardoDirector
  • Clinton CopeDirector
Offering amount
$7.8M
Amount sold
$6.8M
First sale
Mar 2020
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.