Polsinelli Advises Nimble in Strategic Alliance with FedEx

Am Law 100 firm Polsinelli recently represented Nimble Robotics (“Nimble”), an AI robotics and autonomous e-commerce fulfillment technology company, in a strategic alliance with FedEx to scale FedEx Fulfillment with Nimble’s fully autonomous 3PL systems. In conjunction with this alliance, Nimble successfully closed on a $106 million Series C funding round led by FedEx and co-led by existing shareholder Cedar Pine LLC, elevating the company to a $1 billion valuation.

The investment underscores FedEx’s confidence in Nimble's groundbreaking technology and its commercial potential. The alliance will help FedEx streamline operations and expand the company’s footprint in the e-commerce space. Nimble will strategically deploy the new capital to scale manufacturing, accelerate system deployments and further invest in R&D as Nimble focuses on its mission of revolutionizing autonomous logistics industry.

More information on the transaction can be found here.

Shareholders Jordan Riviello and Mark E. Petry advised Nimble in this matter.