Chef Robotics has raised $43.1 million in new Series A funding, which includes $20.6 million in equity and $22.5 million in equipment financing debt. The latter will be used to cover the financing of Chef’s robotic systems for Robotics-as-a-Service (RaaS) so Chef’s customers don’t have to front capex for their robots.
The equity round was led by Avataar Ventures and included investments from Construct Capital, Bloomberg Beta, Promus Ventures, MFV Partners, Interwoven Ventures, HCVC, MaC Venture Capital, Red and Blue Ventures, Tau Partners, Alumni Ventures, Siddhi Capital, and BOLD Capital Partners.
The new funding brings Chef’s total capital raised to $65.6 million which consists of $38.8 million in equity and $26.75 million in equipment financing, all with Silicon Valley Bank, a Division of First Citizens Bank. [Read more…] about Chef Robotics raises $43 million in Series A funding