Jeneration Capital led a $70m Series C funding round in Avidbots.

Jeneration Capital, a private equity investment company, led a $70m Series C funding round in Avidbots, a robotics company, with participation from True Ventures, Next 47, SOSV, GGV Capital, BDC Capital, Golden Ventures, Kensington Capital Partners, BMO Capital Partners, Golden Vision Capital and Nicola Wealth. “We are excited to partner with Avidbots as they continue to deliver best-in-class robotic solutions to meet the industry demand for automation in the commercial cleaning marketplace. Our investment solidifies the confidence we have in robotics players that deliver strong value-add solutions that lessen employee workload and fatigue levels from laborious work. As a result, employees can focus on higher-value activities across the organization,” Tony Zhang, Jeneration Capital Partner.