Tech Company Financing Transactions
OTTO Motors Funding Round
OTTO Motors secured a $29 million Series C funding round on 6/2/2020. Investors included BMO Asset Management, Export Development Canada and iNovia Capital.
Transaction Overview
Company Name
Announced On
6/2/2020
Transaction Type
Venture Equity
Amount
$29,000,000
Round
Series C
Investors
Proceeds Purpose
The funding will allow for the continued expansion of OTTO's autonomous mobile robot (AMR) platform.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
1425 Strasburg Rd. 2A
Kitchener ON, N2R 1H2
Canada
Kitchener ON, N2R 1H2
Canada
Phone
Website
Email Address
Overview
OTTO Motors is Clearpath Robotics' industrial division, providing autonomous mobile robots (AMRs) for material handling inside manufacturing facilities and warehouses. OTTO is trusted for mission-critical deliveries spanning the most demanding of industrial environments. Customers include Fortune 100 brands such as GE and Toyota.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Matthew Rendall
Chief Financial Officer
John Vukovic
Chief Operating Officer
Bryan Webb
Chief Technical Officer
Ryan Gariepy
VP - Sales
Rick Baker
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We record all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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