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Serve Robotics Inc. Announces Go-Public Transaction And $30 Million Financing To Support Scaling Of Robotic Delivery

PRIVATEAug 10, 2023

Amount Raised

$30 Million

Round Type

Funding Round

San FranciscoOtherSoftwareTransportation

Investors

Aegis Capital Corp.Network 1 Financial SecuritiesMontrose Capital PartnersRepublic Deal RoomMark TompkinsWavemaker PartnersUberPatricia Acquisition Corp.NvidiaUber Technologies

Description

Serve Robotics, Inc. ("the Company" or "Serve"), the leading autonomous sidewalk delivery company, today announced raising an aggregate of $30 million in financing, bringing the Company's total funds raised to over $56 million. Concurrent with the raise of new capital and conversion of existing convertible notes (the "Financing"), Serve also completed a reverse merger with Patricia Acquisition Corp. ("Patricia"), a public Delaware corporation, whereby Serve became a wholly owned subsidiary of Patricia

Who else raised in Transportation and Software around the same time

Companies in the same sectors as Serve Robotics that raised within 45 days of this round, from Fundz verified event records.

  • Cygnetise raised $3.1M (Seed) on September 24, 2023.
  • FETCH PACKAGE, INC. raised $4.6M (Seed) on September 22, 2023.
  • Factorial Energy raised $16M (Series A) on September 22, 2023.
  • Verkada raised $80M on September 22, 2023.
  • Ahura AI raised $2.7M (Seed) on September 22, 2023.
  • Capacity raised $26M on September 22, 2023.

Who to call at Serve Robotics, and when

A new round usually means Serve Robotics is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Serve Robotics, from your own LinkedIn network

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Company Information

Company

Serve Robotics

Location

San Francisco, California, United States

About

Serve Robotics is shaping the future of sustainable, self-driving delivery. The company designs, develops and operates zero-emissions rovers that serve people in public spaces, starting with food delivery. Founded in 2017 as the robotics division of Postmates, Serve set out to build a robotic delivery experience that delights customers, improves reliability for merchants, and reduces vehicle emissions to zero. Four years later, the company's self-driving rovers have successfully completed tens of thousands of contactless deliveries in Los Angeles and San Francisco. Spun off as an independent company in February 2021, Serve is backed by Uber and other world-class investors. Serve has several established commercial partnerships and continues to expand its partner platform. Find out more at www.serverobotics.com, follow us on social media via Twitter and Instagram, or apply to join our team on LinkedIn.

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Related People

3 contacts
Verified contactsAli K., Co-founder & CEO hiddenSee plans and pricing
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Serve Robotics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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