South Philly Agtech Startup Augean Robotics Raises $1.5M
NextFab-based Augean Robotics, makers of a full-stack robotics platform for the farming industry, just raised a $1.5 million seed round to grow its staff and scale the deployment of its technology.
The company, which makes an autonomous, collaborative farming robot called Burro, raised some initial cash as part of its participation in the RAPID accelerator, but this is its first formal venture capital round.
Founded in 2017, the company tapped an interesting mix of investors for its seed round. The lead backer is New York-based ff Venture Capital, a traditional tech-focused VC firm that has backed companies such as Indiegogo and Content.ly. But it also got backing from Chicago-based S2G Ventures and San Diego-based Radicle Growth, both investors in the agriculture and food business. Locally, Ben Franklin Technology Partners also joined the round.
Founder and CEO Charlie Andersen, a Harvard MBA grad who grew up on a 191-acre farm in Chester County, said the round will go towards beefing up staff at the six-person team and scaling up its market presence.
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