Lowenstein Sandler represented Toggle, a New York-based rebar robotics firm, in a $3 million Series A Extension, following its initial Series A funding round of $8 million in 2021. The Extension included participation from Japanese firm Tokyu Construction, a first-time investor in the startup whose total raise is currently valued at $15 million.
Toggle, which manufactures robots that bend steel skeletal reinforcements found in heavy construction, was founded in 2016 by Daniel Blank and Ian Cohen to accelerate construction of the buildings and infrastructure communities need most at a time when escalating costs, complexity, safety concerns and constrained labor are continuing to limit productivity.
The deal team included Eric Weiner, Ed Zimmerman, Claire Dronzek, Chelmie Ulysse, and Chynara Tolubaeva.
