Takeoff Technologies, Boston, confirmed the closing of its Series C fundraising with an additional $25 million in investment for 5% of the company, with a valuation of $500 million, bringing the total funds raised to $86 million. The Series C funding was led by Forrestal Capital, Miami, and is set to propel a rollout scale across North America, Europe and Australia.

Takeoff has several operational microfulfillment centers (MFCs) in place, with many to follow in the coming months.