# Box Bot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/box-bot

- Industry: Consumer Services
- Headquarters: Berkeley, US
- Website: www.boxbot.io
- Total disclosed funding: $20M
- Latest round: Series A (Sep 18, 2023)
- Investors on record: 8

## About

Box Bot Inc. is at the forefront of supply chain automation, providing advanced solutions that optimize logistics operations through automated, high-density storage systems designed for diverse industries.Box Bot Inc., founded in 2016 and headquartered in Berkeley, US, focuses on enhancing logistics through innovative automation solutions. The company's founders, Austin Oehlerking and Mark Godwin, have prior experience in the tech sector. In September 2023, Box Bot raised USD 12 mn in Series A funding led by Playground Ventures, with participation from Maersk Growth, Artiman Ventures, Pear VC, and Toyota Ventures. This funding values the company at USD 26.13 mn post-money, with four total deals to date.Box Bot specializes in next-generation supply chain automation, offering the Boxbot System, which features proprietary trays linked to standard conveyors for hands-free loading and unloading of items like cartons and totes. The system accommodates various item sizes, enhancing logistics operations for sectors like parcel delivery and retail. By optimizing space utilization and streamlining order management, Box Bot's solutions are deployed across North America and Europe.Box Bot's revenue model is based on business-to-business transactions, focusing on customized service agreements for their Boxbot System implementation. Clients engage through tailored contracts that may include ongoing subscription services for maintenance and updates alongside installation fees. Though specific pricing is not disclosed, the system's capacity to boost productivity by up to 80% and achieve throughput rates above 5,000 pieces per hour indicates strong revenue potential for the company.Following the recent Series A funding of USD 12 mn raised in September 2023, Box Bot plans to enhance its engineering processes and further develop its offerings. The company is targeting expansion into new markets, particularly in Europe and Asia, with specific plans to launch its enhanced systems by mid-2024. This strategic approach aims to increase Box Bot's market presence and fortify its product capabilities.

## Funding rounds

- Series A, Sep 18, 2023, $12M — Artiman Ventures, Pear VC, Playground Ventures, Toyota Ventures, Maersk Growth
- Seed, Jun 4, 2018, $7.5M — Artiman Ventures, Toyota Ventures
- Seed, May 26, 2017 — The House Fund, Afore Capital, The Graduate Syndicate

## Investors

- The House Fund (https://capitalatlas.ai/funds/the-house-fund) — Seed
- Afore Capital (https://capitalatlas.ai/funds/afore-capital) — Seed
- The Graduate Syndicate (https://capitalatlas.ai/funds/the-graduate-syndicate) — Seed
- Artiman Ventures (https://capitalatlas.ai/funds/artiman-ventures) — Seed, Series A
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Seed, Series A
- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Series A
- Playground Ventures (https://capitalatlas.ai/funds/playground-ventures) — Series A
- Maersk Growth (https://capitalatlas.ai/funds/maersk-growth) — Series A