Tech Company Financing Transactions
Avidbots Funding Round
On 3/25/2019, Avidbots raised $23.6 million in Series B investment from True Ventures, 500 Global and BDC Venture Capital.
Transaction Overview
Company Name
Announced On
3/25/2019
Transaction Type
Venture Equity
Amount
$23,600,000
Round
Series B
Investors
True Ventures (Lead Investor) (Rohit Sharma)
Proceeds Purpose
With this new funding, we will accelerate investment in talent acquisition, engineering, marketing, and sales to bring our cutting-edge robots to more customers worldwide.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
975 Bleams Rd. 5
Kitchener ON, N2E 3Z5
Canada
Kitchener ON, N2E 3Z5
Canada
Phone
Website
Email Address
Not Recorded
Overview
Avidbots is passionate about the future of robotics. We are working to bring robots into the real world at an unprecedented scale. For commercial floor cleaning, that means a robot on every floor automating cleaning tasks and freeing staff to focus on more value-added and higher margin services.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Faizan Sheikh
Chief Technical Officer
Pablo Molina
VP - Engineering
Peter Ahn
VP - Sales
Todd Laurence
Browse more venture capital transactions:
Prev: 3/25/2019: AgeX Therapeutics venture capital transaction
Next: 3/25/2019: Level Ex venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to document tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs