RoboStrategy is all in on the future of robotics. Which is exactly why they’ve just raised tens of millions of dollars in a new financing round.
What’s happening:
- RoboStrategy (NASDAQ: BOT) has successfully raised $28.9M USD in a new equity financing round
By the numbers:
- RoboStrategy issued 797,434 common shares at an average price of $36.28 USD per share
Why it matters:
- This is the first capital raise RoboStrategy has done with institutional investors since listing on the Nasdaq as one of the first ever closed-end investment fund focused solely on investing in robotics companies
Going deeper:
- RoboStrategy has publicly stated they will use the new growth capital to make more investments in private robotics companies
- RoboStrategy just recently led a $200M USD Series C financing round into industrial robotics company Standard Bots alongside of General Catalyst
The intrigue:
- Roth Principal Investments and RoboStrategy notably have an existing $2B USD equity facility deal which enables RoboStrategy to sell shares at their discretion to Roth Principal Investments over the next three years
