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New Deal


Announced

Completed

A group of investors led a $125m Series B round in Kodiak Robotics.

Financials

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Transaction Value£92m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

United States

Completed

Automobiles

Acquisition

Single Bidder

Private Equity

Friendly

Minority

Venture Capital

Domestic

self-driving vehicles

Synopsis

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A group of investors including SIP Global Partners, Lightspeed Venture Partners, Battery Ventures, CRV, Muirwoods Ventures, Harpoon Ventures, StepStone Group, Gopher Asset Management, Walleye Capital and Aliya Capital Partners led a $125m Series B round in Kodiak Robotics, a self-driving trucking company. "Our Series B drives us into hyper-growth so we can double our team, our fleet, and continue to scale our business. We have engineered our industry-leading technology, the Kodiak Driver, in half the time and a fraction of the cost of our competitors. The supply chain challenges we have seen over the last 18 months only underscore the importance of autonomous trucking to the future of America's economy. With the Series B, we will further accelerate towards launching our commercial self-driving service with our partners in the coming years to help address these critical challenges," Don Burnette, Kodiak Robotics Founder and CEO.

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