Foodtronics company has attracted 12 million investments from the Moscow Seed Fund and business angel Aleksandr Zhdanov. Foodtronics has developed a Fibbee “barista robot” - an automated coffee shop that makes coffee without human participation.
Moscow Seed Fund has invested 8 million roubles (in the form of a loan) in the project, Zhdanov invested 4 million.
Evaluation of the project is not revealed, as well as the shares received by the investors. Foodtronics plans to spend the proceeds on enhancing the technological component of the project and expanding the functionality. Besides, the company plans to launch its own application and to continue developing the network, opening new units.
Author: Anna Dorozhkina