The robotics and AI-focused fund will allocate proceeds toward accretive investments in its venture-backed portfolio companies.
RoboStrategy announced it raised approximately $33.9 million in a private placement, issuing 1.35 million shares at $32.05 each. The proceeds will fund follow-on investments and capital deployments in its portfolio of private robotics and physical AI firms, targeting accretive transactions for shareholders.
The placement follows prior capital raises, though specific prior figures were not disclosed. The fund focuses on early-stage ventures in robotics and AI, sectors experiencing heightened investor interest amid advancements in automation and machine learning.
Shares of RoboStrategy (BOT) rose 2.23% to $32.05 following the announcement.