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Venture Capital
weekend.fund

Investments

33

Portfolio Exits

2

Funds

2

About Weekend Fund

Weekend Fund is an early-stage venture fund.

Headquarters Location

90 Gold St

San Francisco, California, 94133,

United States

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Latest Weekend Fund News

Flyby launches food drone delivery with Nekter Juice Bar, Salad Collective, & other food retailers closes $4M pre-seed

Apr 6, 2023

Today  Flyby Robotics , the end-to-end drone automation and delivery company, announced that they have raised $4M in pre-seed investment funding. The round was led by MaC Venture Capital, with participation from Weekend Fund, Anthemis, and Evening Fund. Other strategic investors include Naval Ravikant, (Co-Founder of AngelList); Balaji Srinivasan, (Finance and former CTO of Coinbase); Karen Pritzker’s VC fund, Gaingels, Ryan Hoover (Founder at Product Hunt); and Cliff Sirlin (Managing Director at LaunchCapital). Pasqal raises $100M for neutral ato... Please enable JavaScript Flyby Robotics is building end-to-end automation for drone delivery. Founded by a team of engineers out of Yale, NASA’s Jet Propulsion Laboratory, and Anduril, Flyby was created to unlock the labor-saving potential of UAV technology for every merchant. Such delivery methods are faster and more affordable than car based courier systems “You don’t have to be a multibillion-dollar corporation or a global military superpower to reap the economic benefits of autonomous drones,” says Jason Lu, Founder & CEO of Flyby Robotics. “Our AI-powered autonomous systems allow any merchant to dramatically reduce the cost of delivery to their customers.” This news comes alongside their pilot launch and a series of active partnerships with food retailers and innovative snack brands across the US. The first cohort of live retailers include smoothies from Nekter Juice Bar ,  salad from MAD Greens, sushi from Tokyo Joe’s, and crunchy shiitake mushroom chips from Popadelics. During the live pilot, customers from participating retailers are able to order drone delivery for just $3, and experience delivery times averaging under 4 minutes. “Flyby’s entrance into the Mesa market further enhances the Greater Phoenix region’s vision to be the smartest and most connected region not only in the United States but across the world,” says Dr. Diana Bowman, Associate Dean and Professor, Sandra Day O’Connor College of Law and Co-Director, Center for Smart Cities & Regions, Arizona State University. “Their launch in Mesa should be viewed as a paradigm shift in food delivery services, allowing customers to not only more easily connect with local restaurants, but also receive their fresh food faster. The Center for Smart Cities and Regions at ASU is delighted to partner with innovative companies such as Flyby as we work collectively to advance our smart region vision.” “Nekter Juice Bar has always pushed forward to the forefront of technology to improve the guest experience, starting with our best-in-class app with more than 1.3 million loyalty members and user-friendly online ordering capabilities,” said Steve Schulze, co-founder and CEO, Nekter Juice Bar. “We are now continuing that tradition of innovation working with future-looking companies like Flyby.” This pre-seed will fund product development with the goal of achieving Level 4 autonomy for Flyby’s flight systems, which currently perform at Level 3. At Level 4 autonomy, drones operate without any human intervention throughout the delivery process, but allow a pilot in a remote command center the option to manually override in rare circumstances. “We saw in the Flyby team the tenacity and technical rigor to execute on a game-changing idea,” says Adrian Fenty, Founding Managing Partner at MaC Venture Capital. “We’re excited to watch drone delivery transform retail over the next 5 years.” Flyby has already developed an industry-leading package deployment system, which gently winches products down from a hovering drone to customers’ doorsteps. The system is designed to uphold a product’s quality during flight and delivery, and allows Flyby to deliver fragile products like smoothies without spilling a drop. “Partnering with Flyby was a no-brainer for us; Popadelics Crunchy Mushroom Chips aren’t just a snack – they’re an experience, which drone delivery further amplifies,” said Marilyn Yang, co-founder and CEO of Fun-Gal Snacks, the parent company of Popadelics. “We see many future possibilities for drone delivery for the Popadelics brand in partnership with Flyby.” “The City of Las Vegas’ Innovation District is excited about drone delivery and its potential to reduce traffic, heighten technological development in the region, and provide more sustainable delivery infrastructure”, said Michael Sherwood, Chief Innovation Officer at the City of Las Vegas and its Innovation District, a future launch partner. “In addition to providing economic and employment opportunities. About Flyby Robotics Flyby is building the future of delivery via end-to-end drone automation. Founded by Jason Lu and Cat Orman out of Yale University, Flyby aims to unlock the labour-saving potential of UAV technology for every merchant. To learn more, visit  https://www.flybydev.com/ Share this article:

Weekend Fund Investments

33 Investments

Weekend Fund has made 33 investments. Their latest investment was in Flyby Robotics as part of their Seed VC on April 4, 2023.

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Weekend Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/5/2023

Seed VC

Flyby Robotics

$4M

Yes

1

12/16/2022

Seed VC

Classet

$3M

Yes

3

11/18/2022

Seed VC

buildspace

$10M

Yes

2

10/19/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

9/19/2022

Seed VC - II

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$99M

Subscribe to see more

10

Date

4/5/2023

12/16/2022

11/18/2022

10/19/2022

9/19/2022

Round

Seed VC

Seed VC

Seed VC

Seed VC

Seed VC - II

Company

Flyby Robotics

Classet

buildspace

Subscribe to see more

Subscribe to see more

Amount

$4M

$3M

$10M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

3

2

10

10

Weekend Fund Portfolio Exits

2 Portfolio Exits

Weekend Fund has 2 portfolio exits. Their latest portfolio exit was Welcome on September 07, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/7/2022

Acquired

$99M

1

2/16/2022

Acquired

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$99M

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10

Date

9/7/2022

2/16/2022

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

1

10

Weekend Fund Fund History

2 Fund Histories

Weekend Fund has 2 funds, including Weekend Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/25/2019

Weekend Fund II

Early-Stage Venture Capital

Closed

$10M

4

8/17/2017

Weekend Fund I

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$99M

10

Closing Date

11/25/2019

8/17/2017

Fund

Weekend Fund II

Weekend Fund I

Fund Type

Early-Stage Venture Capital

Subscribe to see more

Status

Closed

Subscribe to see more

Amount

$10M

$99M

Sources

4

10

Weekend Fund Team

1 Team Member

Weekend Fund has 1 team member, including current Founder, Ryan Hoover.

Name

Work History

Title

Status

Ryan Hoover

Founder

Current

Name

Ryan Hoover

Work History

Title

Founder

Status

Current

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