Tech Company Financing Transactions
Gatik Funding Round
Gatik closed a $85 million Series B funding round on 9/1/2021. Investors included Koch Disruptive Technologies, Dynamo Accelerator and FM Capital.
Transaction Overview
Company Name
Announced On
9/1/2021
Transaction Type
Venture Equity
Amount
$85,000,000
Round
Series B
Investors
Koch Disruptive Technologies (Lead Investor) (Chase Koch)
Trucks Venture Capital (Reilly Brennan)
Proceeds Purpose
Gatik will use the funding to advance its commercial-grade autonomous technology, scale its fleet of Class 3-6 multi-temperature Autonomous Box Trucks across new markets in North America, grow with existing and new customers, and substantially increase its team size.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
3530 West Bayshore Rd.
Palo Alto, CA 94303
USA
Palo Alto, CA 94303
USA
Phone
Undisclosed
Website
Email Address
Overview
Gatik creates autonomous solutions to tackle expensive urban logistics for businesses. Focusing on B2B cargo delivery, Gatik uses Level 4 automated light trucks and vans to ensure goods are transported efficiently and affordably in city environments between business locations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Gautam Narang
Chief Technical Officer
Arjun Narang
VP - Engineering
Apeksha Kumavat
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We report on every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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