Tech Company Financing Transactions
Robco Funding Round
Kindred Capital, Lightspeed Venture Partners and Promus Ventures participated in a $42.5 million Series B funding round for Robco. This venture round was announced on 2/26/2024.
Transaction Overview
Company Name
Announced On
2/26/2024
Transaction Type
Venture Equity
Amount
$42,500,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to accelerate its development and growth trajectory.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
Marcel Breuer Street 15
Munich, 80807
DE
Munich, 80807
DE
Phone
Undisclosed
Website
Email Address
Overview
Robco was founded in 2020, on a basis of many years of research at the industry-leading Chair for Robotics and AI at the Technical University of Munich. Our vision is to radically rethink how products are made -- by diminishing repetitive tasks, increasing quality and scaling manufacturing output to the billions. Robco provides adaptable, affordable and connected full-stack robot automation solutions for repetitive manual worker tasks in industrial SMBs, based on our patented modular robotics platform.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Roman Hölzl
Co-Founder
Constantin Dresel
Co-Founder
Paul Maroldt
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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