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Announced

Completed

Safar Partners led a $20m series B funding round in Verve Motion.

Financials

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Transaction Value£15m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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robotics technology

United States

Electronic Equipment: Other

Acquisition

Completed

Friendly

Single Bidder

Private

Cross Border

Private Equity

Venture Capital

Minority

Synopsis

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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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