Lightspeed Invests in RobCo's Growth Journey towards SME Robotics Automation Leadership
Amount Raised
$42.5 Million
Round Type
Series B
MunichManufacturingInformation TechnologyRoboticsIndustrial AutomationInvestors
Description
RobCo has welcomed global venture powerhouse Lightspeed Venture Partners as a new investor in a recent $42.5 million Series B financing round, along with former Apple and Nvidia investor Sequoia Capital, Kindred Capital, and Promus Ventures. The total investment in RobCo now exceeds $60 million, and the capital will be primarily invested in expanding distribution channels and advancing product development.
Quick answer
RobCo raised $42.5 Million in a Series B round, dated February 26, 2024. Investors: Promus Ventures, Kindred Capital, Sequoia Capital and Lightspeed Venture Partners. RobCo is based in Munich, Bavaria, Germany.
- How much did RobCo raise?
- RobCo raised $42.5 Million in a Series B round on February 26, 2024.
- Who invested in RobCo?
- Promus Ventures, Kindred Capital, Sequoia Capital and Lightspeed Venture Partners are named as investors in this round.
- What does RobCo do?
- RobCo specializes in the development of flexible robotic hardware kits for various applications in SME manufacturing, offering modular, affordable, and connected robotics automation solutions.
- Where is RobCo based and how big is it?
- RobCo is based in Munich, Bavaria, Germany. Fundz records about 51 employees.
- Who are the decision-makers at RobCo?
- Fundz holds 1 contact at RobCo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Robotics and Industrial Automation around the same time
Companies in the same sectors as RobCo that raised within 45 days of this round, from Fundz verified event records.
- Oden Technologies raised $29M (Series B) on April 10, 2024.
- Lucid Group raised $1B (Funding Round) on March 25, 2024.
- RIOS raised $13M (Series B) on March 8, 2024.
- Unitree Robotics raised $139M (Series B) on February 23, 2024.
- Hadrian raised $11M on February 20, 2024.
- EST-Floattech raised an undisclosed amount (Funding Round) on April 11, 2024.
Who to call at RobCo, and when
A new round usually means RobCo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day RobCo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at RobCo, from your own LinkedIn network
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Funding Insights
What this usually meansRobCo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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