Tech Company Financing Transactions

Avidbots Funding Round

Avidbots, based in Kitchener ON, raised $70 million from Jeneration Capital, BDC Venture Capital and BMO Capital Markets.

Transaction Overview

Company Name
Announced On
9/27/2022
Transaction Type
Venture Equity
Amount
$70,000,000
Round
Series C
Proceeds Purpose
Avidbots will use the funding to grow its sales and marketing efforts to bring products to more customers in automation growth markets, such as the United States, and worldwide.

Company Information

Company Status
Private & Independent
Industry
Robotics
Mailing Address
975 Bleams Rd. 5
Kitchener ON, N2E 3Z5
Canada
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
Avidbots LinkedIn Company Profile
Social Media
Avidbots Company Twitter Account
Company News
Avidbots News
Facebook
Avidbots on Facebook
YouTube
Avidbots on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Faizan Sheikh
  Faizan Sheikh LinkedIn Profile  Faizan Sheikh Twitter Account  Faizan Sheikh News  Faizan Sheikh on Facebook
Chief Technical Officer
Pablo Molina
  Pablo Molina LinkedIn Profile  Pablo Molina Twitter Account  Pablo Molina News  Pablo Molina on Facebook
VP - Engineering
Peter Ahn
  Peter Ahn LinkedIn Profile  Peter Ahn Twitter Account  Peter Ahn News  Peter Ahn on Facebook
VP - Sales
Todd Laurence
  Todd Laurence LinkedIn Profile  Todd Laurence Twitter Account  Todd Laurence News  Todd Laurence on Facebook


 

 

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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.

 


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