SUBSCRIBERS
Robo-breadmaker firm Zimplistic gets US$30m in series C funding
Janice Heng
Published Tue, Apr 17, 2018 · 09:50 PM
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.
Copyright SPH Media. All rights reserved.
