Stack Capital invests $8 million in Locus Robotics (Canadian Business Journal)

• Locus robots help increase productivity by 2-3x
• Our customer base includes over 90 leading global companies including DHL (ETR:DPW) and over 230 contract sites worldwide.
• Robotics-as-a-Service (“RaaS”) pricing model paves the way for increased adoption of the solution, removing the need for customers to incur large up-front investments
• Locus successfully raised US$117 million as part of its Series F funding, reaching a valuation of nearly US$2 billion.

TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) — Stack Capital Group Inc. (TSX:STCK and STCK.WT) (“Stack Capital”) is an investment holding that invests in the world’s most innovative and disruptive growth Company. I am pleased to announce that he has invested US$8 million in the preferred stock of Locus Robotics, Inc. (“Locus” or the “Company”), a privately held late-stage company. Dynamic warehousing and leading brands operating in third-party logistics, retail and e-commerce, healthcare, and industrial sectors. Stack Capital’s investment is part of a recently announced US$117 million Series F financing that brings its valuation to nearly US$2 billion, Goldman Sachs Asset Management (NYSE:GS), G2 Ventures Partners, Slo Capital, Next 47, Stafford Capital Partners, HESTA, Newton Investment Management North America, Gray’s Creek Capital, Silicon Valley Bank, Hercules Capital, Inc., BOND, Scale Venture Partners.

Designed to work in tandem with the human workforce, Locus’ line of robots are industry-leading intelligent and mobile robots that reduce costs, increase productivity and improve overall efficiency. Transform large-scale warehouse fulfillment and distribution facilities with a globally scalable solution. Its RaaS pricing model dramatically reduces the upfront costs typically associated with equipping warehouse facilities, saving clients significant capital expenditures. Combined with lower monthly operating costs in the form of a 2x to 3x increase in productivity combined with a significant reduction in cost per pick, the customer’s return on investment is fast and Locus is a clear and compelling addition. It’s worth it.

Jeff Parks, CEO of Stack Capital, said: “As an innovative leader in flexible and intelligent robotic automation, Locus is committed to helping modern warehouse facilities address operational challenges such as labor shortages, margin compression, reliability, and the need for overall efficiency. With an attractive RaaS pricing model, rapid ROI for new customers, and growing adoption within the existing customer base of major third-party logistics and retailers, we are uniquely positioned to help The future looks very bright for Locus.”

To access an overview of Stack Capital’s investment in Locus, as well as other portfolio investments, click here.

About Stack Capital

Stack Capital is an investment holding company whose business purpose is to invest in the equity, debt and/or other securities of growth stage to late stage privately held companies. Through Stack Capital, shareholders have the opportunity to gain exposure to a diversified private investment portfolio. Participate in private markets. The listing of Stack Capital’s common stock and warrants on the Toronto Stock Exchange provides liquidity. At the same time, our public structure allows Stack Capital to focus on maximizing long-term performance through a portfolio of high-growth businesses that are not widely available to most Canadian investors. SC Partners Ltd. will spearhead the creation of his Stack Capital, act as Stack Capital’s manager, and be responsible for sourcing and advising on all investments in Stack Capital.

For more information, please visit our website www.stackcapitalgroup.com or contact us at:

Brian Viveiros
Vice President of Corporate Development and Investor Relations
647.280.3307
[email protected]

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