Simbe Robotics’ $26 Million Series A Financing

Fenwick & West represented Simbe Robotics Inc. in the transaction.

Simbe Robotics Inc. raised $26 million, in the aggregate, in its Series A financing and an inventory financing agreement with SoftBank Robotics.

Venrock led the round, with participation from Future Shape, Valo Ventures and Activant Capital.

These top-tier investors have a deep understanding of the retail, robotics, and technology industries and will support Simbe with invaluable knowledge and guidance as the company begins a new phase of growth.

Founded in 2014, Simbe Robotics is a company leveraging robotics and AI to provide physical retail with insights into inventory and operations, in its Series A equity financing led by Simbe

Simbe Robotics will leverage this unique blend of equity and inventory financing to build on the momentum and significant growth the company has experienced to date. This includes a focus on growing its team, expanding its fleet of Tally robots into new markets, accelerating its deployments with existing partners, and unlocking more value in-store with new capabilities, furthering Simbe Robitics’ mission of revitalizing brick-and-mortar retail with e-commerce level insight.

Fenwick team included corporate partner Michael Brown (Picture) and associates Patrick Grilli and Myles Gutenkunst.

Involved fees earner: Michael Brown – Fenwick & West LLP; Patrick Grilli – Fenwick & West LLP; Myles Gutenkunst – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Simbe Robotics Inc.;

Author: Ambrogio Visconti