Frank Thelen joins robot start-up Robco

So far, it is mainly large companies that use robots in production. The start-up Robco wants to make them available to medium-sized businesses as well.

Robco is only one year old, now it has gained a well-known investor: Frank Thelen is joining the Munich-based company with his fund Freigeist. The start-up has closed a series B financing round in the amount of 6.5 million euros. Robco wants to enable small and medium-sized companies to use robot modules that can be combined in different ways and reprogrammed for specific purposes. Large companies have long relied on robot support, but the technology is very expensive.

Thelen sees Robco as an opportunity for medium-sized companies to "keep up in terms of automation", as the investor told the Handelsblatt said. The start-up was founded by Constantin Dresel, Paul Maroldt and Roman Hölzl, who met at the Technical University of Munich and developed Robco's technology. "With the new funds, we will equip more customers with our robotic solutions in the coming months following initial successful industrial projects," Hölzl told Handelsblatt.