Tech Company Financing Transactions
Gatik Funding Round
Gatik, based in Palo Alto, scored $4.5 million from Innovation Endeavors, AngelPad and Dynamo Accelerator.
Transaction Overview
Company Name
Announced On
6/10/2019
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Seed
Investors
Innovation Endeavors (Lead Investor)
private investors (Lior Ron)
Trucks Venture Capital (Reilly Brennan)
Proceeds Purpose
The capital will allow Gatik -- the name means progressive or speed in Sanskrit -- to expand its team and launch additional commercial services this year.
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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