23 million euros venture capital for fruitcore robotics in series B
Munich — fruitcore robotics has raised €23 million in new capital in a Series B financing round. For the first time, internationally renowned venture capital firms Capricorn Partners and KOMPAS, as well as high- and deep-tech investment firm XAI technologies, are investing in the pioneer of intelligent robotics and automation solutions for businesses of all sizes. Renewed confidence is also expressed by the previous VCs: UVC Partners, Matterwave Ventures, CNB Capital, the family office Pecon and the btov private investor network are also participating in the financing round. The capital will be used to accelerate product innovation, sales and marketing, and international expansion.
“With the closing of our Series B financing, we are once again a big step closer to our goal of making robotics and automation solutions accessible to a broad mass. We see that the demand for high-quality and easy-to-use robots in the market is continuously increasing. Therefore, we will use the new capital primarily to serve the demand for our robotics and automation solutions as well as digital products in the European market”, says Jens Riegger CEO and co-founder of fruitcore robotics. The company is currently active in Germany, Austria, Switzerland and Italy. By the end of 2023, fruitcore robotics aims to open up a large part of the European markets.
Central to fruitcore robotics’ success are the intelligent robotics solutions based around the “Digital Robot” HORST, which provide companies of all sizes with access to industrial, highly productive automation and digitalization. Even small and medium-sized companies without much experience can get started easily and quickly. The entry barriers are low — low investment costs, fast implementation, intuitive programming and high performance meet the demand. Hardware, software, connectivity and services are offered in an easy-to-use end-to-end solution.
Three years after its market launch, fruitcore robotics is already automating several hundred different applications in 29 industries. The network of partner companies in the DACH region and in Italy has grown to more than 60 participants and is being successively expanded. Today, the company employs more than 100 people and will continue to create attractive jobs at its sites in Constance and Villingen through further growth.
Benjamin Erhart, General Partner at UVC Partners (Photo) and Lead Investor at fruitcore robotics says: “fruitcore robotics addresses a major pain of our economy: scalable automation in manufacturing SMEs. It is a key to address the critical situation of delivery times, growing demand and (again) increasingly Europe-centric production in a timely manner. Since our initial investment in 2021, the fruitcore robotics team has shown that deep software expertise has created an offering that perfectly meets the needs of their customers on a mass scale.”
About fruitcore robotics
fruitcore robotics GmbH, based in Constance, Germany, specializes in the development, production and marketing of technically outstanding and easy-to-use “digital robots”. The deep-tech company’s focus is on making robotic industrial automation available to the masses. The modular product portfolio includes the “Digital Robots” HORST, the intuitive software horstFX, the Industrial IoT platform horstCOSMOS.com and intelligent features for camera recognition. The robots are Made in Germany, from the hardware to the software. In addition to robots, the company also offers ready-made solutions and software packages for plug & play implementation of complete applications.
About UVC Partners
UVC Partners is a Munich and Berlin-based early-stage venture capital firm investing in European B2B start-ups in the fields of enterprise software, industrial technologies and mobility. The fund generally invests between €0.5 and €10 million at the outset and up to €30 million in total per company. The portfolio companies benefit from the extensive investment and exit experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe’s leading innovation and start-up center. With over 350 employees and more than 100 industry partners, UnternehmerTUM can draw on many years of experience in building young companies. This collaboration gives UVC Partners the opportunity to provide startups with unique access to talent, industry clients and other financial partners.