Lowenstein Sandler represents Catalyst Investors as co-lead investor with Translink Capital in a $24 million Series B funding round for Burro, a Philadelphia-based autonomous mobility company. Other investors included existing investors S2G Ventures, Toyota Ventures, F-Prime Capital, and the Cibus Capital LLP.
Burro is an autonomy company building the future of work outdoors. Founded in 2017, the company began with a mobility platform designed to help customers meet rising wages and a shrinking workforce. Today, Burro has more than 300 robots working as harvest assist robots in nurseries and permanent crops, where they tow trailers autonomously, patrol depot yards, and serve as a platform and physical API for a growing set of technology partners. The first collaborative robotic platform to work safely and reliably outdoors alongside human workers, Burro enables customers to increase workforce efficiency within one year of investment.
Catalyst Investors is a growth equity firm based in New York. Over the past 20-plus years, Catalyst has invested in rapidly growing technology companies and has established a successful track record of partnering with entrepreneurs and helping companies scale. Recent investments and exits include Breezeway, BrightFarms, ChowNow, Clinicient, EDB, Fusion, LinkSquares, Pax8, Presence and Weave.
The Lowenstein team included Michael A. Brosse, David J. Yovanoff, Adam Gakin, and Bryan Sterba.
