Announced
Completed
Financials
Tags
robotics technology
United States
Electronic Equipment: Other
Acquisition
Completed
Friendly
Single Bidder
Private
Cross Border
Private Equity
Venture Capital
Minority
Synopsis
Safar Partners, a seed- to growth-stage venture fund led a $20m series B funding round in Verve Motion, a wearable robotics technology, committed to improving the lives of workers across various industries, with participation from Cybernetix Ventures, Construct Capital, Pillar VC and OUP. "As a lead investor in the Series B funding, we are excited to fuel the growth and innovation of Verve Motion, a trailblazing force in wearable robotics. The company's focus on commercializing high-performance wearable technology for the workplace aligns with our vision for transformative advancements in world-changing disruptive technology. We believe this substantial investment will not only accelerate Verve Motion's market presence but also contribute to reshaping the landscape of workplace safety and productivity," Arunas Chesonis, Safar Partners Co-Founder.
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