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Private Equity
igncap.com

Investments

11

Portfolio Exits

5

About Ignition Capital

Ignition Capital is a Seatlle based private equity firm driven that focuses on selecting highly profitable, long term businesses that occupy significant positions in their industries.

Headquarters Location

350 106th Ave NE 1st Floor

Bellevue, Washington, 98004,

United States

(206) 949-7131

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Latest Ignition Capital News

Carbon Robotics secures $27M for its autonomous field weeders

Sep 2, 2021

Agricultural robotics firm Carbon Robotics (not to be confused with our former Battlefield contestant ) announced this week that it has secured $27 million in funding. The round — which features Anthos Capital, Ignition Capital, Fuse Venture Partners and Voyager Capital — follows an $8.4 million Series A raised back in 2019. The company’s total funding is now at around $36 million. “Weeding is one of the biggest challenges farmers face, especially with the rise of herbicide-resistant weeds and increasing interest in organic and regenerative methods,” founder and CEO Paul Mikesell said in a release. “This round of investment will enable us to scale our operations to meet the increasing demand for this technology. Additionally, this funding will allow our team to continue to innovate new products and identify revolutionary ways to apply technology to agriculture.” The Seattle-based startup’s primary offering is an autonomous robot that uses lasers to zap weeds. The round follows the April announcement of Carbon’s latest-generation Autonomous Weeder , which it says is capable of eradicating around 100,000 weeds per hour. The pandemic has continued to accelerate interest in many agricultural robotics companies, as labor shortages continue to mount. Carbon notes some international bans on various pesticides have left many farmers searching for an alternative solution. A system that works without the need for harmful chemicals that also reduces human labor in an industry often suffering from shortages in headcount has clear appeal. The company says it has already sold out of its 2021 and 2022 stock, so one assumes scaling up production and headcount will be key investments from this round.

Ignition Capital Investments

11 Investments

Ignition Capital has made 11 investments. Their latest investment was in YPX Cayman Holdings as part of their Series D on August 8, 2014.

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Ignition Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/22/2014

Series D

YPX Cayman Holdings

$25M

No

1

7/28/2014

Series B - II

PaxVax

$12M

No

4

12/24/2013

Unattributed VC

PreViser

$0.5M

No

2

12/4/2013

Series B

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$99M

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10

6/4/2013

Seed VC

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$99M

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10

Date

8/22/2014

7/28/2014

12/24/2013

12/4/2013

6/4/2013

Round

Series D

Series B - II

Unattributed VC

Series B

Seed VC

Company

YPX Cayman Holdings

PaxVax

PreViser

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Amount

$25M

$12M

$0.5M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

4

2

10

10

Ignition Capital Portfolio Exits

5 Portfolio Exits

Ignition Capital has 5 portfolio exits. Their latest portfolio exit was Spoken Communications on January 29, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/29/2018

Acquired

$99M

4

12/22/2017

Asset Sale

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$99M

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10

12/8/2015

Acq - Fin

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$99M

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10

11/18/2014

IPO

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$99M

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10

10/5/2013

IPO

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$99M

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10

Date

1/29/2018

12/22/2017

12/8/2015

11/18/2014

10/5/2013

Exit

Acquired

Asset Sale

Acq - Fin

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

10

10

10

10

Ignition Capital Team

4 Team Members

Ignition Capital has 4 team members, including , .

Name

Work History

Title

Status

Simon Mills

Founder

Current

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Name

Simon Mills

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Work History

Title

Founder

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Status

Current

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