Robo-breadmaker firm Zimplistic gets US$30m in series C funding

Singapore

ZIMPLISTIC, the creator of flatbread-making robot Rotimatic, has signed a US$30 million series C funding round led by private equity fund Credence Partners and EDBI, the investment arm of Singapore's Economic Development Board.

The investment comes after Zimplistic announced US$20 million in revenue in its first year of sales, and its expansion into five new markets: the United Kingdom, Australia, New Zealand, the Middle East and Canada.