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New Deal


Announced

Completed

Coatue Management led a $100m Series C funding round in Reliable Robotics.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Aerospace

Private

Completed

Venture Capital

Private Equity

Acquisition

Friendly

aircraft parts

Minority

Domestic

Synopsis

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Coatue Management, a global investment manager, led a $100m Series C funding round in Reliable Robotics, a provider of advanced aircraft automation service. Additional investors include Lightspeed Venture Partners, Eclipse Ventures, Teamworthy Ventures and Pathbreaker Ventures. “We believe Reliable Robotics is a leader in aircraft automation for commercial aviation. We were impressed by the team's clear vision, measured certification progress and track record of industry achievement. We are proud and excited to support Reliable’s goal to be the first to deliver FAA-certified, remotely piloted systems to market," Jaimin Rangwalla, Coatue Senior Managing Director.

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