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Venture Capital
gritvc.com

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Investments

33

About Grit Ventures

Grit Ventures provides entrepreneurs with expertise in innovation, executive and technical talent, market intelligence, policy and regulatory affairs, business development, and marketing and branding. The firm is dedicated to helping entrepreneurs with everything ranging from validating idea and product to finance, channel development, and overseas expansion. It is based in Beijing, China.

Grit Ventures Headquarters Location

B2809 Tower 1, Wangjing SOHO No.1 Futong Dongdajie, Chaoyang District

Beijing, Beijing,

China

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Latest Grit Ventures News

Apptronik raises $15 million for its humanoid robots

Jul 3, 2022

July 3, 2022 Apptronik , an Austin-based robotics company specializing in the development of exoskeletons and collaborative robotics systems, says it raised $14.6 million in a Seed Round, including Capital Factory, Grit Ventures, Perot Jain and other strategic investors. This funding will go toward fulfilling the company’s current customer orders while accelerating the commercialization of one of the industry’s first mass-produced humanoid robots capable of working alongside humans. Apptronik is positioned to scale its deep portfolio of safe, intelligent, versatile, and adaptable robotic technology for unstructured environments across enterprises. Already, the company has delivered many successful human-centered robots to the marketplace, several of which currently operate inside Fortune 50 enterprises including manufacturing, automotive, supply chain, defense and more. Apptronik’s core mission is to build robots that are teammates for humankind. While many companies are developing special purpose robots to handle a narrow set of tasks and applications, Apptronik is focusing on general purpose robots that can perform a wide range of tasks in a world designed for humans. Apptronik robots are not only brilliantly engineered, but beautifully designed to work intuitively with humans. Apptronik robots complement the human workforce in tasks such as supply chain operations, facility inspections, and other laborious or dangerous tasks. This approach will be seen later this summer when the company announces its latest robot to fulfill current customer orders. Jeff Cardenas, CEO and co-founder of Apptronik, says: “We’re approaching an inflection point where enormous market demand and commercial viability are driving rapid technological adoption. “We face critical realities in our labor market, supply chain and environment. We’re giving people real-world tools to improve the future of work and accelerate economic recovery. The future is here.” Jennifer Gill Roberts, of Grit Ventures, says: “Massive productivity and supply chain challenges are hitting every major industry. “But industrial automation advances are starting to make a difference. Given geopolitical tensions and the state of the American economy, general purpose robotics are now mission critical. We are proud to support Apptronik as it leads Texas and the nation in this space.” Anurag Jain, co-founder and managing partner of PerotJain, says: “There are massive challenges to solve all across logistics, supply chain and critical industries today. “The innovation and technology behind Apptronik’s general purpose robots open many new doors, including those that provide scalable solutions for the world’s most important problems. “We are proud to be one of several investors for Apptronik and look forward to seeing their systems out in the real world solving real problems in the near future.” Apptronik is on a mission to build one of the world’s leading robotics companies in the United States. Its goal is to prove the benefits of robots working alongside humans – versus replacing them – to assist in jobs and enable a better quality of life. This has helped the company recruit top talent looking to see their innovations come to market now, including leaders from Tesla, Apple, Meta, Honeywell and more. Share this:

Grit Ventures Investments

33 Investments

Grit Ventures has made 33 investments. Their latest investment was in Apptronik as part of their Seed VC on June 6, 2022.

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Grit Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/24/2022

Seed VC

Apptronik

$14.6M

Yes

2

6/9/2022

Series A

Resnics

No

3

2/28/2022

Series A - II

Muchuang

No

1

2/23/2022

Series A

Subscribe to see more

$99M

Subscribe to see more

10

2/14/2022

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/24/2022

6/9/2022

2/28/2022

2/23/2022

2/14/2022

Round

Seed VC

Series A

Series A - II

Series A

Seed VC - II

Company

Apptronik

Resnics

Muchuang

Subscribe to see more

Subscribe to see more

Amount

$14.6M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

3

1

10

10

Grit Ventures Team

4 Team Members

Grit Ventures has 4 team members, including current Founder, Managing Partner, Jennifer Gill Roberts.

Name

Work History

Title

Status

Jennifer Gill Roberts

Founder, Managing Partner

Current

Christy Cardenas

Mercury Fund, Ecliptic Capital, Citigroup, and PwC

Managing Partner

Current

Kelly Coyne

Managing Partner

Current

Meng Zhao

Managing Director

Current

Name

Jennifer Gill Roberts

Christy Cardenas

Kelly Coyne

Meng Zhao

Work History

Mercury Fund, Ecliptic Capital, Citigroup, and PwC

Title

Founder, Managing Partner

Managing Partner

Managing Partner

Managing Director

Status

Current

Current

Current

Current

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