Tech Company Financing Transactions
Bear Robotics Funding Round
LG Electronics USA and private investors invested in a $60 million Series C capital raise for Bear Robotics. The financing was announced on 3/12/2024.
Transaction Overview
Company Name
Announced On
3/12/2024
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Series C
Investors
LG Electronics USA (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate into new territories, targeting emerging markets such as smart warehousing and supply chain automation.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
1711 E Bayshore Rd. B
Redwood City, CA 94063
USA
Redwood City, CA 94063
USA
Phone
Website
Email Address
Overview
Bear Robotics was started in 2017 to address the increased pressure faced by the food service industry around wages, labor supply, and cost efficiencies. Our company has developed a robot named Penny enabled by artificial intelligence and able to autonomously shuttle food from a kitchen out to tables and bring dishes back for cleaning.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Ha
Chief Operating Officer
Juan Higueros
Chief Technical Officer
Fangwei Li
VP - Sales
Bren Pierce
Browse more venture capital transactions:
Prev: 3/12/2024: CodaMetrix venture capital transaction
Next: 3/12/2024: Loop AI venture capital transaction
Share this article
News on VC Transactions
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs