Tuesday, January 26, 2021

Airspace Connects With $38M

Carlsbad-based logistics start Airspace, a startup that helps provide time-critical shipping technology, annoucned this morning that it has raised $38M in its Series C funding. The funding was led by Telstra Ventures, and also included co-lead HarbourVest Partners, as well as Scale Ventures, Defy Partners, Qualcomm Ventures, and Prologis Venture. The company says it has now raised a total of $70M. Airspace says its services have become een more critical in the wake of the COVID-19 pandemic, due to supply chain disruption and increased need for reliable delivery of critical packages. Nick Bulcao is co-founder and CEO of Airspace. Airspace says its customers include LabCorp, Alaska Airlines, Quest Diagnostics and American Red Cross.