# Burro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/burro

- Industry: Agribusiness
- Headquarters: Philadelphia, US
- Website: www.burro.ai/
- Total disclosed funding: $38M
- Latest round: Series B (Jan 9, 2024)
- Investors on record: 10

## About

Burro, based in the US, specializes in autonomous solutions for agriculture, focusing on productivity enhancement and labor challenges faced by growers through innovative robotics.Burro is focused on creating autonomous agricultural solutions to address industry labor challenges. The company was founded in 2017 in Philadelphia, US. The founders of Burro include Erinn Berkson, Terry Scott, and Vibhor Sood. The company has successfully completed a total of 6 deals, with its most recent funding round being a Series B on January 9, 2024, raising USD 24.00 mn. The investment was led by Catalyst Investors and TransLink Capital, with participation from S2G Ventures, Toyota Ventures, F-Prime Capital, and Cibus Capital. The total amount raised by Burro to date is USD 24.00 mn, valuing the company at USD 64.90 mn.Burro specializes in providing autonomous solutions tailored for the agricultural sector, primarily focusing on enhancing productivity and addressing labor challenges faced by growers. The company's core product offerings include the Burro robot, Burro Grande, Burro Verde, and specialized attachments such as Cortador for mowing and Sprayito for spot spraying. These autonomous robots assist in various agricultural applications, including berries, vineyards, greenhouses, nurseries, and vegetation management. Released in 2017, Burro's technology has been developed in collaboration with growers to ensure it meets the operational challenges of modern agriculture. The primary customer base consists of agricultural producers and growers located in diverse geographical markets such as North America and parts of Europe, where labor shortages and rising operational costs are prevalent.Burro generates revenue through a combination of direct sales and service contracts related to its suite of autonomous robots and technology solutions. The company's transaction structure is primarily B2B, with agricultural businesses purchasing robots and associated technology services directly. Clients may engage in one-time purchases of robots, with additional revenue generated from ongoing support and maintenance contracts, ensuring optimal operation of the equipment. The pricing structure is designed to be accessible to a range of agricultural clients, with flagship products like the Burro and Burro Grande forming the cornerstone of the offering. Clients benefit from tailored solutions and continuous support, increasing their efficiency while managing labor costs effectively.In January 2024, Burro raised USD 24.00 mn in Series B funding co-led by Catalyst Investors and Translink Capital, which will be used to expand its business premises, goods, and engineering department, hire additional retailers, and introduce new products. The company plans to develop new autonomous offerings aimed at enhancing agricultural productivity and is exploring expansion into new markets, specifically targeting European regions by the end of 2024. The recent funding will support these initiatives and strengthen Burro's operational capabilities.

## Funding rounds

- Series B, Jan 9, 2024, $24M — Catalyst, F-Prime Capital, TransLink Capital, S2G Ventures, Toyota Ventures, Cibus Capital
- Series A, Sep 28, 2021, $11M — ADM Capital, F-Prime Capital, ff Venture Capital, S2G Ventures, Radicle Growth, Toyota Ventures
- Seed, May 1, 2020, $1.6M — Xplorer Capital
- Seed, Apr 2, 2019, $1.5M — ff Venture Capital, S2G Ventures, Radicle Growth
- Seed, Oct 30, 2018, $0.3M — S2G Ventures

## Investors

- S2G Ventures (https://capitalatlas.ai/funds/s2g-ventures) — Seed, Series A, Series B
- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed, Series A
- Radicle Growth (https://capitalatlas.ai/funds/radicle-growth) — Seed, Series A
- Xplorer Capital (https://capitalatlas.ai/funds/xplorer-capital) — Seed
- ADM Capital — Series A
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A, Series B
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A, Series B
- Catalyst (https://capitalatlas.ai/funds/catalyst) — Series B
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series B
- Cibus Capital (https://capitalatlas.ai/funds/cibus-capital) — Series B