Mentioned:
The co-founder and CEO of RoboStrategy is deepening his bet on the future of robotics. And he’s putting up millions of dollars of his own capital to do it.
What’s happening:
- RoboStrategy (NASDAQ: BOT) has successfully raised $15.9M USD in a new equity financing round
By the numbers:
- RoboStrategy issued roughly 450,684 common shares at a price of $35.50 USD per share as part of the new funding round
Why it matters:
- RoboStrategy co-founder and venture capitalist Andrew Kang personally led the new funding round with a personal investment of $10M USD
Going deeper:
- Andrew Kang is the co-founder of venture capital fund Mechanism Capital which made notable early stage investment into multiple crypto projects including Arbitrum, Curve and Ethena
- RoboStrategy just recently made waves when they led a $200M USD Series C financing round for industrial robotics company Standard Bots
