Fenwick Represents Poseidon Aerospace in $11M Seed Funding

Fenwick represented Poseidon Aerospace, an aerospace company redefining maritime logistics with autonomous, ground-effect vehicles, in its $11 million Seed funding led by Tamarack Global with participation from Draper Associates, Starship Ventures, Drover Ventures, Cade Ventures, GoAhead Ventures, Fortitude VC, and angel investors.

Poseidon Aerospace will use the funds to develop and manufacture two unmanned cargo platforms: Egret, a short takeoff and landing aircraft, and Heron, a seaplane. More information can be obtained from the company announcement.

The Fenwick transaction team was led by corporate partner Jordan Roberts.