Zimplistic, the kitchen robotics company devoted to making healthy eating easy has completed a Series B investment round of $11.5 million from NSI Ventures and RBVC. The funds will go towards mainly the company’s fully automatic flatbread maker, Rotimatic.
In Zimplistic’s initial launch last year, the company sold over $5 million in product within a week and closed pre-orders. Today, Zimplistic has a waitlist amounting to over $72 million and over 5,000 distribution partnership requests. Zimplistic plans to finish ongoing extended beta before scaling production.
Hian Goh of NSI Ventures, part of the Northstar Group, a Singapore-headquartered private equity firm committed to investing in growth companies in Southeast Asia, and Jan Westerhues, Investment Partner at RBVC, the venture capital arm of Robert Bosch GmbH, join Zimplistic’s current board of directors. Zimplistic will use the funds to accelerate manufacturing rollout, fund working capital and set up operations in international markets to fulfill Rotimatic demand.
Rishi Israni, CEO of Zimplistic, shared:
“We are very enthusiastic about our new investors and what they bring to the table here at Zimplistic. It has been an amazing year for us and these new partnerships will only help to improve what we see as a revolutionary product that enables families to eat healthier.”
“Zimplistic is a rare combination of a project with huge revenue potential and also social impact by increasing the productivity of millions of men and women around the world who still make flatbreads by hand. We are proud to be able to support such an innovative hardware company and look forward to helping make Rotimatic a global bestseller.”
“Rotimatic’s cutting edge robotic technology takes user convenience in the kitchen around a conscious, healthy nutrition to new levels. We are very impressed by the Zimplistic team and happy to support the company on its way to scale up production and enter global distribution.”
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!