Robco raises 13 million euros

Among the investors is the renowned VC fund Sequoia. The Munich-based start-up intends to use the money to improve its own technology and attract more customers.

Munich-based start-up Robco successfully closes its Series A financing round. The founders Constantin Dresel, Paul Maroldt and Roman Hölzl raised a total of 13 million euros. Investors include Sequoia Capital, a venture capitalist from the U.S., which among other things invested early in Whatsapp and including Robco only has stakes in six young German companies. Other investors include Kindred Capital from London, Promus Ventures from Chicago and business angels such as Wunderlist founder Christian Reber.

With the fresh capital, the three founders want to further develop the technology offered by Robco and tap into new customers. The start-up, founded in 2020, offers easily programmable software kits for industrial robots. Dresel, Maroldt and Hölzl are incorporating research results from their time at the Technical University of Munich into the company.

This already convinced Frank Thelen last year, who invested in Robco with his Freigeist fund. He sees the start-up as an opportunity for the automation of German SMEs. However, there are also comparable solutions from other startups, such as Wandelbots from Dresden and Coboworx from Rhineland-Palatinate.