Locus backed by Goldman Sachs

February 2, 2023

Goldman Sachs-led $117 million round is the last stop before ‘market leader’ Locus Robotics’ IPO

Locus Robotics announced a $117 million Series F round, led by Goldman Sachs’ growth equity division and G2 Venture Partners — both new investors.

Goldman Managing Director Mark Midle, who will be joining Locus’ board, called the company a “market leader” in the warehouse automation space in a statement accompanying this announcement. Locus CEO Rick Faulk told Insider that Goldman, G2, and other investors in the oversubscribed round have been watching Locus for more than four years. Faulk’s ambition to take the company public in the next year or two encouraged him to bring new talent to the board.

“If the window does open, hopefully in the next 12 to 24 months, we’re ready to go. We’ve got the numbers to do it,” Faulk told Insider.

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