PRESS RELEASE
19 February 2024

Elroy Air Announces Nearly $50 Million In New Funding

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Cooley LLP

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Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.
Cooley advised Elroy Air, a company developing industry-first autonomous aircraft systems and cutting-edge software, revolutionizing the world of express shipping, on raising nearly $50 million in new funding.
United States

Palo Alto – February 8, 2024 – Cooley advised Elroy Air, a company developing industry-first autonomous aircraft systems and cutting-edge software, revolutionizing the world of express shipping, on raising nearly $50 million in new funding. Lawyers Josh Seidenfeld and Daniel Lee led the Cooley team advising Elroy.

The funding round was led by Shield Capital, a venture capital firm investing in early-stage companies building technology in artificial intelligence, autonomy, cybersecurity and space.

Contributor

Cooley LLP logo
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. Cooley has nearly 1,400 lawyers across 18 offices in the United States, Asia and Europe, and a total workforce of more than 3,000.

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