Total amount raised
$94 Millions
Latest funding date
07/01/2019
Location
Fetch Robotics has successfully raised significant funding over multiple rounds, culminating in its acquisition by Zebra Technologies for $290 million. The company has attracted investment from 11 notable 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, founded in 2014 by Melonee Wise, is a San Jose, California-based company specializing in industrial automation and robotics. The company develops and manufactures collaborative, autonomous mobile robot (AMR) solutions for warehousing and logistical markets.
With an employee count ranging from 51 to 100, Fetch Robotics leverages its expertise to provide reliable and safe AMR solutions for material handling and data collection applications. The company was acquired by Zebra Technologies for $290 million on July 1, 2021.
How Much Funding Has Fetch Robotics Raised?
- Series A (Feb 9, 2015)
- Amount Raised: $3M
- Date: February 2015
- Lead Investors: Oreilly AlphaTech Ventures, Shasta Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and establish a market presence.
- Series A (Jun 17, 2015)
- Amount Raised: $20M
- Date: June 2015
- Lead Investors: SoftBank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Series B (Dec 6, 2017)
- Amount Raised: $25M
- Date: December 2017
- Lead Investors: Sway Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product offerings.
- Secondary Market (Jun 1, 2018)
- Amount Raised: Not publicly disclosed
- 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 (Jul 23, 2019)
- Amount Raised: $46M
- Date: July 2019
- Lead Investors: Fort Ross Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and ongoing research and development.
Total Amount Raised: $94M
Current Valuation: Not publicly disclosed
Key Investors
- R136 Ventures
- Details: R136 Ventures is a venture capital firm that invests in early-stage technology companies. They focus on providing strategic support to help startups scale and succeed.
- Investment Focus Areas: Technology, Innovation, Early-stage startups
- Notable Investments: Not publicly disclosed
- Sway Ventures
- Details: Sway Ventures is a venture capital firm that invests in early to mid-stage technology companies. They aim to support companies that have the potential to disrupt their respective industries.
- Investment Focus Areas: Technology, Innovation, Early to mid-stage companies
- Notable Investments: Turo, Addepar, Greenhouse
- SoftBank Capital
- Details: SoftBank Capital is part of the larger SoftBank Group, known for its significant investments in technology companies globally. They focus on technology, media, and telecommunications sectors.
- Investment Focus Areas: Technology, Media, Telecommunications
- Notable Investments: Alibaba, Uber, WeWork
- Oreilly AlphaTech Ventures (OATV)
- Details: OATV is a venture capital firm that invests in early-stage technology companies. They are known for supporting innovative tech startups.
- Investment Focus Areas: Early-stage technology companies, Innovation, Tech startups
- Notable Investments: Bitly, Foursquare, Codecademy
- Shasta Ventures
- Details: Shasta Ventures is a venture capital firm that focuses on early-stage companies in enterprise and consumer technology. They have a history of investing in successful tech startups.
- Investment Focus Areas: Early-stage technology companies, Enterprise technology, Consumer technology
- Notable Investments: Anaplan, Nest, Zuora
What's Next for Fetch Robotics?
Fetch Robotics stands at the cusp of significant growth opportunities, driven by the increasing demand for automation in warehouses and distribution centers. With a recent $46 million Series C funding round, the company is poised to expand its global operations and enhance its cloud robotics solutions. This expansion is expected to meet the rising consumer demand and solidify Fetch Robotics' position as a key player in the logistics automation industry.
Future fundraising opportunities appear promising as the company continues to innovate and scale its operations. The ongoing research and development efforts, coupled with international expansion, suggest that additional funding rounds could be on the horizon to support these initiatives. However, Fetch Robotics may face challenges such as competitive pressures from other automation solutions and the complexities of scaling production globally.
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