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
Investors
Jeneration Capital (Lead Investor) (Tony Zhang)
True Ventures (Rohit Sharma)
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
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: 9/27/2022: Line Man Wongnai venture capital transaction
Next: 9/27/2022: Form Bio 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