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RobCo raises $42.5M for automation for small, midsize manufacturers

PRIVATEFeb 26, 2024

Amount Raised

$42.5 Million

Round Type

Series B

MunichManufacturingInformation TechnologyRoboticsIndustrial Automation

Investors

Promus VenturesKindred CapitalLightspeed Venture PartnersSequoia Capital

Description

RobCo GmbH has raised $42.5 million in Series B funding led by Lightspeed Venture Partners, with participation from Sequoia Capital, Kindred Capital, and Promus Ventures. The funding brings RobCo's total to date to $60 million and will be used to expand distribution channels and advance product development.

Company Information

Company

RobCo

Location

Munich, Bavaria, Germany

About

RobCo specializes in the development of flexible robotic hardware kits for various applications in SME manufacturing, offering modular, affordable, and connected robotics automation solutions. The company aims to aid SMEs in entering the realm of automation and transitioning towards Industry 4.0.

Fundz sees it the moment RobCo raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Predictive Intelligence
Strategic

ML-powered predictions for RobCo's next move

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

RobCo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.