Tech Company Financing Transactions
Toolify Robotics Funding Round
High-Tech Gründerfonds and MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg participated in a $1.8 million Seed funding round for Toolify Robotics. The funding round was announced on 3/4/2024.
Transaction Overview
Company Name
Announced On
3/4/2024
Transaction Type
Venture Equity
Amount
$1,750,000
Round
Seed
Proceeds Purpose
The company intends to use the funds to expand sales and product development.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Rebengasse 9
Ulm, 89073
Germany
Ulm, 89073
Germany
Phone
Website
Email Address
Overview
In particular, many small and medium-sized companies have low levels of automation, while at the same time they are under pressure to work more efficiently. Toolify Robotics GmbH from Ulm has developed XITO in response to this challenge. XITO is an engineering platform that enables users to independently automate manual tasks with robots.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dennis Stomper
Chief Operating Officer
Matthias Lutz
Co-Founder
Alex Lotz
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