Bristol-based Sojo Industries has raised $40 million as part of a Series B tranche and plans to double its Bucks County footprint, writes Ryan Mulligan for the Philadelphia Business Journal.
The robotics packaging startup raised the installment from Chicago-based S2G Investments. This lifted its total funding to roughly $63 million. This represents one of the largest recent funding rounds by a Philadelphia-region tech firm.
Sojo Flight by Sojo Industries sets up mobile manufacturing lines in beverage warehouses using robotics and other technology.
The company was founded in 2021 by CEO Barak Bar-Cohen, former COO of Bai, and Steve Rubin, former CEO of Horizon Lines.
Sojo focuses on packaging beverage variety packs. It is currently branching out into snacks, health and beauty products, and pet food.
The new funding will help the company expand its Bristol presence with a new lease near its 100,000-square-foot headquarters.
“Locally we are actually investing in the expansion and the amplification of our capabilities, our robotics, automation, and space, and that’s happening specifically in Pennsylvania,” said Bar-Cohen.
Sojo also has facilities in California, Texas, and Indiana.
Learn more about Sojo Industries’ rapid growth, innovative technology, and plans to expand in Bucks County in the Philadelphia Business Journal.
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