ZV

Zebra Ventures

North America, Illinois, United States, Lincolnshire

Description

Zebra Ventures serves as the strategic investment arm of Zebra Technologies, a global leader in enterprise asset intelligence. Its core mission is to identify, invest in, and partner with innovative startups that align with Zebra's strategic initiatives and complement its extensive portfolio of products and solutions. The investment focus primarily revolves around technologies that enhance enterprise visibility, efficiency, and productivity, including advanced robotics, computer vision, artificial intelligence and machine learning, IoT, data capture, and specialized software solutions for sectors such as retail, healthcare, manufacturing, and supply chain.

As a corporate venture arm, Zebra Ventures' investments are inherently strategic, aiming to foster technological advancements, expand market reach, or integrate new capabilities into Zebra's existing ecosystem. This approach often leads to deep partnerships, co-development opportunities, and, in some cases, eventual acquisitions. For instance, Zebra Technologies acquired Fetch Robotics for approximately $290 million in 2021, a company in which it had previously invested.

Zebra Technologies, with annual revenues exceeding $4.5 billion in recent fiscal years, leverages its substantial financial resources and market leadership to support its venture activities. While specific typical first cheque sizes for minority investments are not publicly disclosed, Zebra Ventures tends to participate in funding rounds for companies that demonstrate strong strategic fit and potential for significant impact within Zebra's core markets. Their highly selective investment process prioritizes synergistic value and disruptive innovation relevant to Zebra's long-term vision for intelligent, connected enterprises.

Investor Profile

Zebra Ventures has backed more than 22 startups, with 0 new investments in the last 12 months alone. The firm has led 3 rounds, about 14% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series D, Series C rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom.
  • Strong thematic focus on Software, Robotics, Logistics.

Stage Focus

  • Series Unknown (41%)
  • Series D (23%)
  • Series C (18%)
  • Series A (14%)
  • Series B (5%)

Country Focus

  • United States (91%)
  • United Kingdom (9%)

Industry Focus

  • Software
  • Robotics
  • Logistics
  • Industrial Automation
  • Mobile
  • Information Technology
  • Analytics
  • Wireless
  • Enterprise Software
  • Supply Chain Management
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Zebra Ventures frequently co-invest with?

BMW i Ventures
North America, California, United States, Mountain View
Co-Investments: 2
CEAS Investments
North America, Florida, United States, Delray Beach
Co-Investments: 3
Dynamo
North America, Tennessee, United States, Chattanooga
Co-Investments: 2
Scale Venture Partners
North America, California, United States, Foster City
Co-Investments: 3
Schematic Ventures
North America, California, United States, San Francisco
Co-Investments: 3
THL
North America, Massachusetts, United States, Boston
Co-Investments: 2
Benhamou Global Ventures
North America, California, United States, Palo Alto
Co-Investments: 3
Translink Capital
North America, California, United States, Palo Alto
Co-Investments: 3
Pritzker Group Venture Capital
North America, Illinois, United States, Chicago
Co-Investments: 3
Lerer Hippeau
North America, New York, United States, New York
Co-Investments: 3

What are some of recent deals done by Zebra Ventures?

Xemelgo

Seattle, Washington, United States

Xemelgo provides RFID software for operations and asset optimization.

Artificial Intelligence (AI)ComputerInformation TechnologyManufacturingSoftware
Series UnknownJul 24, 2025
Plus One Robotics

San Antonio, Texas, United States

Plus One Robotics develops a parcel-handling robotics platform for logistics applications.

Industrial AutomationLogisticsRoboticsSoftware
Series CMar 7, 2023
Amount Raised: $52,743,951
RightHand Robotics

Somerville, Massachusetts, United States

RightHand Robotics provides end-to-end solutions that reduce the cost of e-commerce order-fulfillment of electronics, apparel, grocery.

ApparelArtificial Intelligence (AI)E-CommerceRoboticsSupply Chain Management
Series CFeb 23, 2022
Amount Raised: $66,000,000
Neurala

Boston, Massachusetts, United States

Neurala provides an AI platform that empowers companies to automate visual inspections.

Artificial Intelligence (AI)DronesMachine LearningRoboticsSoftware
Series UnknownJun 24, 2021
Amount Raised: $12,000,000
Plus One Robotics

San Antonio, Texas, United States

Plus One Robotics develops a parcel-handling robotics platform for logistics applications.

Industrial AutomationLogisticsRoboticsSoftware
Series BApr 27, 2021
Amount Raised: $33,000,000
FourKites

Chicago, Illinois, United States

FourKites is a supply chain visibility platform designed for transportation into yards, warehouses, and stores.

Enterprise SoftwareLogisticsMachine LearningSoftwareSupply Chain Management
Series DMar 24, 2021
Amount Raised: $100,000,000
Locus Robotics

Wilmington, Massachusetts, United States

Locus Robotics is a warehouse robotics company that manufactures autonomous mobile robots to support e-commerce.

E-CommerceIndustrial AutomationLogisticsRoboticsWarehouse AutomationWarehousing
Series DJun 2, 2020
Amount Raised: $40,000,000
Fetch Robotics

San Jose, California, United States

Fetch Robotics provides a cloud-driven Autonomous Mobile Robot (AMR) solution for warehousing intralogistics environments.

Industrial AutomationLife ScienceMobileRoboticsSupply Chain ManagementWarehousing
Series CJul 23, 2019
Amount Raised: $46,000,000
Locus Robotics

Wilmington, Massachusetts, United States

Locus Robotics is a warehouse robotics company that manufactures autonomous mobile robots to support e-commerce.

E-CommerceIndustrial AutomationLogisticsRoboticsWarehouse AutomationWarehousing
Series CApr 22, 2019
Amount Raised: $26,000,000
Plus One Robotics

San Antonio, Texas, United States

Plus One Robotics develops a parcel-handling robotics platform for logistics applications.

Industrial AutomationLogisticsRoboticsSoftware
Series ASep 24, 2018
Amount Raised: $8,299,996