Total amount raised
$94 Million
Latest funding date
07/01/2019
Location
Fetch Robotics has successfully raised funding over five rounds, with the latest being a Series C. The company is backed by 11 investors, including Translink Capital and Oreilly AlphaTech Ventures.
Keep reading to explore the intricacies of Fetch Robotics' fundraising journey and the investors backing this innovative platform.
What Is Fetch Robotics?
Fetch Robotics, based in San Jose, California, specializes in providing cloud-driven Autonomous Mobile Robot (AMR) solutions for warehousing intralogistics environments. The company operates in various industries, including industrial automation, life science, mobile, robotics, supply chain management, and warehousing.
Founded by an undisclosed team, Fetch Robotics has grown to employ between 51-100 people. The company has been acquired by Zebra Technologies and continues to innovate in the field of robotics and automation.
How Much Funding Has Fetch Robotics Raised?
- Series A (February 2015)
- Amount Raised: USD 3,000,000
- Date: February 2015
- Lead Investors: Oreilly AlphaTech Ventures, Shasta Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Series A (June 2015)
- Amount Raised: USD 20,000,000
- Date: June 2015
- Lead Investors: SoftBank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's product development and market reach.
- Series B (December 2017)
- Amount Raised: USD 25,000,000
- Date: December 2017
- Lead Investors: Sway Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the company's technology offerings.
- Secondary Market (June 2018)
- Date: June 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series C (July 2019)
- Amount Raised: USD 46,000,000
- Date: July 2019
- Lead Investors: R136 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and ongoing research and development.
Total Amount Raised: USD 94,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- R136 Ventures
- Details: R136 Ventures is a venture capital firm that led the Series C funding round for Fetch Robotics. They focus on investing in innovative technology companies.
- Investment Focus Areas: Technology, innovation, growth-stage companies
- Notable Investments: Not publicly disclosed
- Sway Ventures
- Details: Sway Ventures is a venture capital firm that participated in the Series B funding round for Fetch Robotics. They invest in early to mid-stage technology companies.
- Investment Focus Areas: Technology, early-stage companies, mid-stage companies
- Notable Investments: Turo, Addepar, Airspace Technologies
- SoftBank
- Details: SoftBank is a multinational conglomerate holding company that participated in the Series A funding round for Fetch Robotics. They are known for their significant investments in technology and telecommunications.
- Investment Focus Areas: Technology, telecommunications, media
- Notable Investments: Alibaba, Yahoo Japan, WeWork
- Oreilly AlphaTech Ventures
- Details: Oreilly AlphaTech Ventures is a venture capital firm that participated in the Series A funding round for Fetch Robotics. They focus on early-stage technology companies.
- Investment Focus Areas: Early-stage technology, innovation, startups
- Notable Investments: Bitly, Foursquare, Codecademy
- Shasta Ventures
- Details: Shasta Ventures is a venture capital firm that participated in the Series A funding round for Fetch Robotics. They invest in early-stage technology companies.
- Investment Focus Areas: Early-stage technology, innovation, startups
- Notable Investments: Anaplan, Nest, Zuora
What's Next for Fetch Robotics?
Fetch Robotics stands at the cusp of significant growth, driven by opportunities in international expansion and ongoing research and development. The company aims to enhance its cloud-driven Autonomous Mobile Robot (AMR) solutions, which are already making waves in distribution, fulfillment, and manufacturing centers globally.
With a total of $94 million raised, Fetch Robotics is well-positioned to attract further investment. The increasing demand for automation in material handling and inventory management presents a fertile ground for future fundraising rounds. However, the company must navigate challenges such as competition and technological advancements to maintain its edge.
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