Total amount raised
$230 Millions
Latest funding date
07/01/2023
Location
iRobot has successfully raised funding through various rounds, including a recent Post-IPO Debt round, with notable investors such as The Carlyle Group and iD Ventures America. The company is publicly traded on NASDAQ under the symbol IRBT.
Keep reading to explore the intricacies of iRobot's fundraising journey and the investors backing this innovative robotics company.
What Is iRobot?
iRobot, founded in 1990 in Bedford, Massachusetts, is a technology company specializing in behavior-based AI robots. The company was established by Colin Angle, Helen Greiner, and Rodney Brooks, all of whom were roboticists from the Massachusetts Institute of Technology.
iRobot designs and builds robots that empower people to do more, with a portfolio that includes home robots like the Roomba and Braava series. These products help people find smarter ways to clean and accomplish more in their daily lives.
With over 30 years of expertise, iRobot has sold over 50 million robots worldwide and employs between 501 and 1000 people.
How Much Funding Has iRobot Raised?
- Round Name: Series A
- Amount Raised: Not publicly disclosed
- Date: February 1998
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial funding for product development and market entry.
- Round Name: Series A
- Amount Raised: Not publicly disclosed
- Date: November 1998
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and expand the team.
- Round Name: Venture Round
- Amount Raised: $7M
- Date: October 2001
- Lead Investors: Fenway Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and enhance marketing efforts.
- Round Name: Venture Round
- Amount Raised: $13M
- Date: May 2003
- Lead Investors: Trident Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the launch of new products and enter new markets.
- Round Name: Venture Round
- Amount Raised: $10M
- Date: November 2004
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand product lines and increase market penetration.
- Round Name: Post-IPO Debt
- Amount Raised: $200M
- Date: July 2023
- Lead Investors: The Carlyle Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel innovation and support long-term growth strategies.
Total Amount Raised: $230M
Current Valuation: Not publicly disclosed
Key Investors
The major investors in iRobot have played a significant role in the company's growth and innovation. Here are some of the key investors:
- The Carlyle Group
- Details: The Carlyle Group is a global investment firm with a diverse portfolio. They have invested in various sectors, including aerospace, defense, and technology.
- Investment Focus Areas: Aerospace, defense, technology, healthcare, energy.
- Notable Investments: Booz Allen Hamilton, United Defense, CommScope.
- iD Ventures America
- Details: iD Ventures America is a venture capital firm that focuses on early-stage technology companies. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, software, internet, healthcare.
- Notable Investments: Not publicly disclosed.
- Trident Capital
- Details: Trident Capital is a venture capital and private equity firm. They specialize in investments in software, internet, and business services.
- Investment Focus Areas: Software, internet, business services, healthcare IT.
- Notable Investments: Qualys, AlienVault, Jobvite.
- Fenway Partners
- Details: Fenway Partners is a middle-market private equity firm. They focus on investments in branded consumer products and services.
- Investment Focus Areas: Consumer products, transportation, logistics, business services.
- Notable Investments: American Achievement Corporation, 1-800 Contacts, Easton-Bell Sports.
These investors have significantly contributed to iRobot's ability to innovate and expand its market presence. Their diverse investment portfolios and focus areas have provided iRobot with the necessary resources to grow and succeed in the competitive robotics industry.
What's Next for iRobot?
The requested information about iRobot's future opportunities, industry trends, growth opportunities, challenges, and predictions for future fundraising or acquisitions was not found in the provided sources. The sources either contained placeholder content or were inaccessible, making it impossible to extract the necessary details.
Therefore, I cannot complete the user instruction to write a storytelling section based on the provided sources. For accurate and detailed insights, more relevant and accessible sources would be required.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like iRobot and gather other critical business insights.
Sign up for free and start exploring the wealth of information available at Clay.
