Story excerpt provided by Venture Beat. Written by Anna Hensel.
As Baltimore’s Ready Robotics was preparing to raise its first round of funding, the company faced a dilemma familiar to many tech entrepreneurs outside of Silicon Valley: Potential investors wanted to join the round on the condition that the startup move to Silicon Valley.
Ready Robotics ultimately decided to move after raising its round of funding — but not to the Bay Area. In a phone conversation with VentureBeat, CEO Benjamin Gibbs revealed that the company closed a previously undisclosed $15 million first round in December and is in the process of moving its headquarters from Baltimore to Columbus, Ohio.
The round was led by Drive Capital, a venture capital firm that’s also based in Columbus and managed by former partners of Silicon Valley-based Sequoia Capital. Other participants in the round include RRE Ventures and Eniac Ventures.
Click here to read the complete article. Originally published April 23, 2018.