What is Verve Motion?
Launched in 2020 from Harvard University, Verve Motion pioneers the fusion of robotics and apparel, aiming to redefine human performance and safety limits. Their flagship product is a lightweight, powered soft exosuit designed for comfort and functionality, akin to elite sportswear, but with machine-level power. The company is strategically partnering with leaders in supply chain, logistics, manufacturing, and safety innovation to develop next-generation wearable solutions for millions of workers across various industries. This enterprise-level funding positions Verve Motion to scale its operations and further its mission in the industrial safety and performance sector.
How much funding has Verve Motion raised?
Verve Motion has raised a total of $47.8M across 3 funding rounds:
Series A
$15M
Series B
$20M
Private Equity
$12.8M
Series A (2021): $15M with participation from Construct Capital, Pillar VC, Safar Partners, and Founder Collective
Series B (2023): $20M led by Cybernetix Ventures, Pillar VC, Safar Partners, Oup, and Construct Capital
Private Equity (2026): $12.8M, investors not publicly disclosed
Key Investors in Verve Motion
Safar Partners
Safar Partners is a technology venture fund that focuses on investing in innovative startups emerging from leading universities such as MIT, Harvard, and the University of Rochester, with a focus on cleantech, AI/IT, robotics, and life sciences.
Pillar VC
Pillar VC is a Boston-based venture capital firm specializing in early-stage and seed funding, aimed at supporting founders in their professional and personal growth across various sectors including AI/ML, biotech, and enterprise solutions.
Construct Capital
Construct Capital is a venture capital firm that structures and manages capital raising for projects, with a broad spectrum of experience in development management and a focus on providing turnkey financial solutions.
What's next for Verve Motion?
The substantial enterprise-level funding, including the recent major strategic investment, indicates Verve Motion is poised for significant expansion and market penetration. This capital infusion will likely fuel further research and development, enhance manufacturing capabilities, and broaden the company's go-to-market strategy. Verve Motion's focus on industrial workers suggests a trajectory towards becoming a key player in the industrial safety technology market, potentially leading to broader adoption of exosuit technology across sectors requiring enhanced physical support and performance.
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