What is Gatik?
Founded in 2017 by veterans of the autonomous technology industry, Gatik is dedicated to revolutionizing the retail supply chain through autonomous vehicles. The company specializes in short-haul, business-to-business (B2B) logistics, focusing on the 'middle mile' segment. Gatik's mission is to enable customers to optimize their supply chains, meet consumer demand for real-time goods, and reduce operational costs while minimizing human intervention. The company operates offices in Palo Alto and Toronto, leveraging a team of experienced engineers and researchers in developing its advanced autonomous driving technology.
How much funding has Gatik raised?
Gatik has raised a total of $114.5M across 3 funding rounds:
Angel/Seed
$4.5M
Series A
$25M
Series B
$85M
Angel/Seed (2019): $4.5M, investors not publicly disclosed
Series A (2020): $25M led by FM Capital, Wittington Ventures, Dynamo, AngelPad, Innovation Endeavors, Fontinalis Partners, Intact Financial Corporation, and Reilly Brennan's Trucks VC
Series B (2021): $85M supported by Koch Disruptive Technologies, Fraser McCombs Capital, Dynamo, Wittington Ventures, and Innovation Endeavours
Key Investors in Gatik
Fraser McCombs Capital
FM Capital is a venture firm dedicated to transforming transportation by partnering with entrepreneurs to enhance the movement of people and goods. The firm focuses on advancing cleaner, safer, and more efficient transportation solutions while reimagining the customer experience in vehicle sales and service. With a proprietary sourcing process and hands-on engagement, FM Capital aims to drive long-term performance for its portfolio.
Dynamo
Dynamo Ventures is a venture capital firm focused on pre-seed and seed investments in founders who are innovating within the industrial economy. They partner with determined entrepreneurs who are redefining how goods are made, moved, and monetized, primarily across North America, Latin America, and Europe.
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm that invests in visionary founders, transformational technologies and emergent ecosystems. The firm's central investment thesis, the Super Evolution, combines data, leading-edge computation, and advanced engineering to transform industries, from agriculture and logistics to life sciences, transportation and more.
What's next for Gatik?
With its substantial enterprise-level backing, Gatik is poised to accelerate the expansion of its autonomous middle mile delivery services. The company's strategic focus on the retail sector and B2B logistics positions it to capitalize on the growing demand for efficient supply chain solutions. Future growth is expected to involve scaling its fleet operations, further developing its proprietary autonomous technology, and forging new partnerships within the retail and logistics industries. This capital infusion will likely support Gatik's efforts to achieve broader commercial deployment and solidify its leadership in the autonomous delivery market.
See full Gatik company page
