Grishin Robotics, a leading venture capital firm focusing on early-stage investments, announced the closing of its Fund II at $100 million.
Initially specializing in robotics investments, with its new fund, the firm is expanding its focus to broader consumer categories including online gaming and entertainment, personal and team productivity tools, food-tech, digital fitness, and education. Grishin Robotics continues to invest into seed and Series A companies across North America. Earlier this year, the firm made its first investment from Fund II into Ziva Dynamics, a Vancouver, Canada-based developer of 3D character animation software that is taking their work in cinema and TV into online gaming. Ziva’s software has been used to animate the dragons in “Game of Thrones,” as well as characters in “Captain Marvel,” “Hellboy,” and “John Wick.”
“We are passionate about supporting entrepreneurs focused on consumer tech and consumerization of the enterprise. We made strong progress with our Fund I. We have a growing team with diverse backgrounds and several quality exits under our belt. We have also been building our expertise around investing in online entertainment (Rogue Games) and team productivity (Taskade),” said Dmitry Grishin, the firm’s Founding Partner, commenting on the close of Fund II. “We will continue developing our entrepreneur-focused ecosystem, including monthly consumer tech pitch night, venture scout program, and our Senior Advisor program with participation from founders and executives of leading tech companies such as Guitar Hero, AppAnnie, Visa, Netflix, Caviar, Boomerang, DocuSign, and Disqus.”
Grishin Robotics was started in 2012 with a $25-million personal investment by Dmitry Grishin, founder of Mail.ru Group, a London Stock Exchange-listed tech company. In 2016, Grishin Robotics opened itself to investments by external limited partners with the $100-million Fund I which focused on physical-to-digital investments in robotics, smart hardware, and related software. The firm has since seen several high-profile exits, including the sale of smart doorbell maker Ring and smart wi-fi router startup eero to Amazon and the exit from a micro-mobility pioneer Spin, where Grishin led a Series A round, to Ford. The fund’s other investments include long-range delivery drone leader Zipline, Embodied, the developer of Moxie (an animated companion for children), as well as last-mile robotics startup Starship.
Grishin Robotics provides capital, mentorship, and connections to help entrepreneurs get off the ground, scale their businesses globally, and become a part of a growing network of founders. It provides a series of initiatives, including a monthly consumer tech pitch night, venture scout program, and a Senior Advisor program with participation from founders and executives of leading tech companies.