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23 million euros venture capital for fruitcore robotics in series B

Photo: Benja­min Erhart, Gene­ral Part­ner at UVC Part­ners and Lead Inves­tor at fruit­core robotics
21. Decem­ber 2022

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.

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