A Trio of Wavemaker Labs Companies Launch Crowdfunding Campaigns

Miso Robotics, Abundant Robots and Piestro all approach (and re-approach) the crowd.

The News

• Miso Robotics, Abundant Robots and Piestro — three companies in Wavemaker Labs’ portfolio — all announced new equity crowdfunding campaigns in the past 24 hours.

• Miso is looking to raise another $40 million, while Abundant Robots and Piestro each aim to raise $20 million.

• A Wavemaker rep told OttOmate the timing of all three campaigns just happened to coincide with the necessary SEC filings.

The Story

Wavemaker Labs has a long history of using equity crowdfunding to capitalize startups in its portfolio, but the company has certainly become more ambitious about this funding mechanism.

In addition to the Miso, Abundant and Piestro campaigns launched this week, Wavemaker is also running equity crowdfunding campaigns for its Nommi robotic kiosk joint venture with C3 ($20 million), and Piestro’s 800° GO Joint Venture with the eponymous pizza chain ($10 million). Is $110 million too much to ask of the crowd?

Before we get to that, let’s take a closer look at today’s announcements (you can also check out my coverage yesterday of Piestro’s new campaign).