CASE STUDY

Gecko Robotics’ Successful $7 million fundraise from Founders Fund

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CONTRACTS

Gecko Robotics’ Successful $7 million fundraise from Founders Fund

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Total funding

Company Stage

Series A

Legal need

Atrium Financing

Efficiency gains

30% faster fundraise close

Company

Industry

B2B, Hardware

Location

Pittsburgh, PA

Challenge Overview

The previous law firm had a billable hour model, which led to many unpredictable fees.

Dedicated Attorney

Gecko Robotics’ Successful $7 million fundraise from Founders Fund

Gecko Robotics deploys robots around the world to inspect and gather critical data for industrial services.

Historically, industrial site inspections are done by hand, take a long time, and carry a high risk of injury. In just a few years, Gecko scaled to service several U.S. power plants which ultimately led to their $7 million raise from Founders Fund, a top tier Silicon Valley venture capital fund.

When Gecko was gearing up for their Series A fundraise, founder and CEO Jake Loosararian needed sophisticated and attentive legal representation. He turned to Atrium to represent them in their Series A financing and various general corporate needs.

Key Outcomes of Working with Atrium

  • Atrium helped Gecko close their financing 30% faster than the industry average of 44 days.
  • Flat rate pricing ensured predictable costs and peace of mind.
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“We were trying to solve for the new problems we would be facing during the next phase of our company. We were set on finding a legal partner who could handle all types of work under one roof and grow with us while also providing the attentiveness that big law couldn’t offer.”

Jake Loosararian, Founder & CEO, Gecko Robotics