Explore ways to acquire Miso Robotics stock before a potential IPO. Get access to select pre-IPO startups, including Miso Robotics, at Equitybee.
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Miso Robotics Stock and IPO Recent News
08/01/2023: Miso Robotics Opens New Investment Window
07/12/2023: Chipotle tests avocado robot
05/19/2023: Miso Robotics Gets Multi-Million Dollar Investment from Ecolab
05/17/2023: Miso Robotics announces Ecolab partnership and investment
03/17/2023: How One Founder Raised $60 Million Using Crowdfunding
09/27/2022: Chipotle will test robotic tortilla chip maker ‘Chippy’
09/20/2022: The robots are here. And they are making you fries.
02/01/2022: Miso Robotics Opens Series E Funding Round and Split
What is Miso Robotics?
Miso Robotics is a robotics and automation startup designing and manufacturing robots for the quick-service restaurant industry.
The company intends to eliminate dull, dirty, and dangerous tasks in restaurant kitchens. The name “miso” comes from the French term mise en place, meaning “everything in its place.”
Adding automation to quick-service restaurants can help reduce unwanted jobs, improve safety, and increase output.
Its current product line can make fried foods (French fries, tortilla chips), soft drinks, and coffee. Pricing starts at about $3,000 per month. Customers and product testers include Jack-in-the-Box, Chipotle, White Castle, Buffalo Wild Wings, Del Taco, Panera Bread, and Wing Zone.
Miso Robotics has conducted multiple equity crowdfunding rounds via Regulation A+ laws, allowing individual investors to participate in the Series C, D, and E rounds. It has partnered with the public company Ecolab, which is also an investor and may be positioning itself for a more substantial venture capital funding round.
Watch the “Flippy 2” robotic arm as it manages the fry and wing station.
Is Miso Robotics Publicly Traded?
No. Miso Robotics is a private company.
Who Owns Miso Robotics?
Miso Robotics is an equity-crowdfunded and venture-backed startup. It has raised more than $90 million in private funding from individual investors, public companies, and venture capital firms.
The latest funding round was a direct investment from Ecolab in May 2023 for an undisclosed amount. The Series E funding round in 2022 aimed to raise $15 million from individual investors. The round closed in January 2023.
Prominent venture capital investors include Acacia Research Corp, CaliBurger, Future VC, Grazadio Family Trust, Hanfield Venture Partners, J Heart Ventures, Knockout Capital, Match Robotics VC, Trousdale Ventures, and 30,000+ individual shareholders.
Miso Robotics Valuation
The company stated the Miso Robotics valuation as $500 million in February 2022. That is the known valuation.
Since then, it completed its Series E crowdfunding round and accepted a private investment from Ecolab at an undisclosed amount and valuation.
Based on statements made in documentation from the last funding round, the company may be preparing for a more traditional venture capital round. Such a fundraising event could increase the Miso Robotics valuation, delivering early investors a return on their Series C and D investments.
What is the Miso Robotics Stock Price?
There is no public Miso Robotics stock price yet. The company is still private.
The Series E crowdfunding round offered shares at $11.06.
What is the Miso Robotics Stock Symbol? Miso Robotics Ticker?
There is no Miso Robotics stock symbol yet because the company has yet to file for an IPO.
The filing will disclose its intended stock ticker if and when the company files an S-1 with the SEC to go public.
“MISO” is available in the U.S. and will likely be the Miso Robotics stock symbol.
When is the Miso Robotics IPO Date?
Miso Robotics has not yet filed for an IPO. The company is ramping up production and sales to penetrate its addressable market.
It is unclear if the company intends to go public. Documentation from the Series E crowdfunding round stated the company was consolidating the equity stack to make itself more attractive to institutional investors.
At this stage, we expect the company to conduct at least one additional private funding round to raise cash for growth and to increase its private valuation.
An acquisition, SPAC, or IPO are all potential exit opportunities in the cards.
Please bookmark this page for the latest news regarding the Miso Robotics IPO date.
Is Miso Robotics a Good Investment?
Miso Robotics has chosen to raise funds via Regulation A+ crowdfunding. The U.S. Government updated securities laws in 2012 to make it easier to conduct equity crowdfunding rounds. This has opened up investment for individual investors.
Pre-IPO crowdfunding investing involves significant risk compared to investing in public companies. That is why investors must be accredited to invest.
The additional risk can be attributed to the following:
- Limited financial data availability
- Unproven track record
- Novel business model
Though Miso Robotics appears to be an outlier (most crowdfunded companies never flourish), there is still significant risk.
The total addressable market of fast food restaurants in the U.S. is about 300,000. As the products demonstrate cost savings and improved efficiency, Miso Robotics can grow, create new robots, and reinvest revenue into research and development. There’s much work to do.
The success of this investment will depend on management’s ability to execute and control its cash.
Conduct personalized due diligence and read the offering circular before investing.
Miso Robotics Crowdfunding Rounds
Miso Robotics has conducted multiple equity crowdfunding rounds.
- Series C — via SeedInvest (now part of StartEngine)
- Series D — via DealMaker
- Series E — via DealMaker
In February 2022, Miso Robotics announced the conversion of preferred shares previously sold to investors in Series C and Series D to common shares. However, the shares will be split upon a liquidation event (IPO, SPAC, or acquisition).
The company will grant seven common shares for every one preferred share.
The share consolidation was designed to “enable the company to attract institutional capital and qualify for a substantial round of investment.”
My interpretation of this action is to simplify the equity stack as it prepares to pitch institutional venture capital investors, corporate suitors, or private equity investors.
How to Own Miso Robotics Stock
Since Miso Robotics is not a public company yet, there are limited options to buy the stock. As the company matures and approaches its potential IPO date, the opportunity to invest will become more widespread to retail investors.
Accredited investors may find opportunities to invest in Miso Robotics stock pre-IPO. Everyone else must wait until the IPO or after the IPO completes.
1. Invest in Miso Robotic Stock via Equity Crowdfunding (Pending Availability)
Miso Robotics opened up a new investment opportunity to new and existing shareholders on August 1st, 2023, “at the same share price ($4.97) as the current institutional funding round.”
The minimum investment is $1,003.94.
There’s a 5% discount during the first two weeks (presumably through August 14th).
The share price is lower than the Series E round, but it is unclear why. The lower price suggests a deflated valuation.
Existing investors will receive information when the next opportunity opens.
New investors can indicate interest and make a reservation on the Miso Robotics investor page, which takes you to the DealMaker website.
2. Access Miso Robotics Stock via Pre-IPO Platforms
The author has seen evidence of recent pre-IPO access to Miso Robotics shares on multiple pre-IPO platforms.
Equitybee provides accredited investors access to pre-IPO startups by funding employee stock options. In exchange, investors gain a portion of the future stock value.
Miso Robotics is available on the platform as of July 2023. However, availability will change.
Other pre-IPO platforms include EquityZen, Forge Global, and Linqto.
Availability varies among pre-IPO platforms. Typically, companies with a higher valuation and wide pre-IPO equity dispersion have more investment opportunities.
The most accessible venture capital funds for non-accredited investors are the Fundrise Innovation Fund and the ARK Venture Fund, available exclusively at Titan Invest. These funds enable investors to own pre-IPO companies without the accreditation hurdle.
However, neither fund owns Miso Robotics at this time.
Shares may become available when employees or other early investors want to liquidate a portion of their shares without waiting for the IPO.
Bigger funding rounds and IPO delays also increase the chances of shares becoming available pre-IPO.
If shares become available, expect to pay at least a $10,000 investment minimum.
3. Buy Ecolab Stock
Ecolab (symbol: ECL) invested an undisclosed amount into Miso Robotics in May 2023. Individual investors can buy Ecolab stock to own a small portion of Miso Robotics.
Ecolab is a $50+ billion company, so even a large increase in the Miso Robotics valuation wouldn’t move the needle much. The Ecolab investment is more strategic than financial. Investors who buy Ecolab for the purpose of owning Miso Robotics would be doing so for minuscule potential gains.
Investors can buy Ecolab stock via any brokers listed in the next section.
4. Buy stock during the Miso Robotics IPO through a participating broker
Retail investors may find opportunities to invest in Miso Robotics during the IPO. That means acquiring shares at the IPO price the night before the company begins trading.
Once reserved for Wall Street’s wealthiest customers, IPO access has become more attainable to retail investors in the past decade.
Online brokers such as the following give customers free access to IPOs, even with low account balances.
However, there is no guarantee Miso Robotics will go public, and IPO access can be elusive even if you are eligible to invest.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
5. Buy Miso Robotics stock after the IPO
Though waiting for the IPO requires patience, there are advantages to waiting for the stock to become publicly traded before owning.
The IPO allows investors to review financials. Pre-IPO investing has limited financials available, though equity crowdfunding improves upon usual pre-IPO channels.
IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.
But many IPOs launch with high valuations but then simmer down when the stock falls after the first and second-quarter earnings reports become available.
The stock price declines after the IPOs could become excellent entry points if you were not allocated IPO shares.
Avoid buying overvalued shares immediately after the IPO. Shares often fall after the IPO due to lockup expirations and quarterly earnings disappointments.
However, the most disruptive companies will be higher in a decade. Patience pays.
Where can I find the Miso Robotics Offering Circular and SEC Filings?
Read the most recent Offering Circular for its Reg A+ offering in October 2022 before investing.
Miso Robotics has not yet submitted an S-1 filing to the SEC to kick off the IPO process. If and when the company does, we’ll share it here.
Find all the latest Miso Robotics SEC filings here.
Investors get excited when they identify companies riding extraordinary macroeconomic trends like robotics and automation. This can lead us to private companies positioning to profit from big opportunities.
But buying early equity can often prove to be difficult for retail investors.
Miso Robotics is unique because it has utilized equity crowdfunding laws to raise funds from individual investors.
Its equity stack has more than 30,000 individual shareholders poised to gain if the company can continue to grow and raise private or public funds.
Miso Robotics is a cash-intensive business, requiring significant funds to manufacture robots and support research and development. Profitability is likely a long road, but the market potential for this product is huge, and the benefits to the quick-service restaurant industry are measurable.
This company has significant potential at scale, but weigh the risks against your personalized investment objectives before investing.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long ECL, the Fundrise Innovation Fund, and the ARK Venture Fund.