Stubbs Alderton & Markiles, LLP assisted client Evolution Robotics in raising $13.88 million in a second round of venture funding led by CMEA Ventures. Other entities participating in the second round were Vodafone Ventures; Pasadena tech incubator Idealab, which provided initial funding for the company in 2002; and hedge fund Quercus Trust of Newport, Calif. Evolution Robotics will use the money to continue developing its technology.
The Deal online publication has published an article featuring Evolution Robotics’ fundraising efforts. To view this publication, click here. To view the press release regarding this deal, click here.