Avidbots

Avidbots in its $31.5 Million Series B financing

Client

Avidbots Corp.

Value

$31.5 million

Service

Emerging and High Growth Companies

Date Closed

March 2019

Lead Office

Toronto


On March 21, 2019, Avidbots announced the completion of its $31.5 million Series B financing round, to help with the global expansion of its autonomous, floor-cleaning robots. The round was led by returning investor True Ventures with participation of other existing investors including GGV Capital, SOSV, Real Ventures, and 500 Startups Canada, and new investors including Next47, BDC Capital, and KCPL. Avidbots will use the financing to grow its engineering team, expands its product line, and continue to develop its marketing strategy and sales pipeline. 

Avidbots, a Kitchener-based robotics company, develops and manufactures autonomous commercial floor cleaning robots.

Osler, Hoskin & Harcourt LLP represented Avidbots with a team led by Chad Bayne that included David Jamieson and Sahil Chopra (Emerging and High Growth Companies).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

David Jamieson

David Jamieson

Senior Associate, Emerging and High Growth Companies

Sahil Chopra

Sahil Chopra

Associate, Corporate