Zebra Ventures

Zebra Ventures is the corporate venture capital arm of Lincolnshire, Illinois-based Zebra Technologies Corporation, the global leader in barcode printing, RFID, mobile computing and enterprise data capture hardware and software for retail, logistics, manufacturing, healthcare and field services. The unit was established in 2014, the same year Motorola Solutions spun its enterprise business out to Zebra, and is led by Vice President and Managing Director Tony Palcheck, who joined Zebra from his prior role as Managing Director of Motorola Solutions Venture Capital, a decade-long stint operating that earlier corporate VC. Zebra Ventures makes minority-equity strategic investments in early-stage companies whose technology accelerates Zebra's vision of digitizing and automating the front line of business, with sector focus on automation and robotics, applied AI, analytics and data capture, mobile computing, and location and motion sensing, generally as a co-investor. Initial target check sizes sit in the $1M to $5M range. Beyond capital, portfolio companies gain deep domain expertise from Zebra's product organization, access to its engineering and distribution resources, and an enterprise distribution network covering large global customers. The portfolio includes approximately 29 investments such as Apera AI in 4D Vision for industrial robots, its most recent investment in April 2026, Xemelgo in cloud RFID software with more than 100 factory deployments including Yamaha and SEKISUI Aerospace, Optoro, Third Wave Automation and Neurala. Specific fund size and AUM are not publicly disclosed. By pairing capital with Zebra's domain expertise and distribution network, Zebra Ventures backs the technologies digitizing the front line of business.