MetisMotion reaches 1.5 million euros in second financing round
Munich — Munich-based tech startup MetisMotion has closed its second round of financing and received another €1.5 million in fresh capital. As in the first financing round in December 2018, the High-Tech Gründerfonds (HTGF), BORN2GROW — a subsidiary of the ZFHN Zukunftsfonds Heilbronn — and the SIEMENS Technology Accelerator (STA) invested. The fresh capital will be used to prepare the market launch of the patent-protected naXture actuator platform.
“MetisMotion’s core technology is highly dynamic and lightweight, powerful actuators for automation applications. MetisMotion has developed an actuator platform (comparable to servomotors) that offers unprecedented, technical possibilities. — Imagine being able to replace pneumatic or hydraulic solutions with great power potential in existing installation spaces with highly efficient electrically operated drives! This is usually not feasible with conventional electric motors,” says Patrick Fröse, Managing Director of MetisMotion
Based on the outstanding power density and efficiency of MetisMotion actuators, a network of renowned national and international pilot customers has grown since the company was founded in 2018, using MetisMotion solutions to drive the sustainable electrification of drive tasks.
With the capital raised in the current financing round, the technology will now be made available to a broad customer group. The launch of the naXture platform is planned for late summer.naXture enables users to quickly and easily configure individual actuators for the smallest installation spaces. Actuator geometry, available forces, speeds and travels, as well as the safety behavior are always based on the specific requirements of the application.
“MetisMotion was already very close to the market and active in many application areas at the time of the spin-off. Particularly in the Heilbronn region, the region of world market leaders, MetisMotion has already been able to win promising customers in the pilot customer phase. The openness for innovation is obvious here and we are therefore looking forward to the further roll out. We see great market opportunities — not only nationally,” explains Thomas Villinger, Managing Director of Zukunftsfonds Heilbronn.
“The electrification of today’s inefficient pneumatic and hydraulic actuators, particularly in industrial automation, is an exciting growth opportunity. MetisMotion can define a new segment here with its technology! Exciting for investors who are looking for disruptive technologies and want to participate in their success,” comments Jens Baumgärtner, Senior Investment Manager at High-Tech Gründerfonds.
“MetisMotion has proven with its launch customers that it can design and manufacture high-performance actuators for the most demanding environments. We are therefore convinced of the company’s potential and look forward to continuing to contribute to its success as an investor and through our network within Siemens and beyond,” says Dr. Rudolf Freytag, CEO of Siemens Technology Accelerator GmbH.
Actuating Innovations — Following the Genius of Nature. According to this guiding principle, MetisMotion GmbH has been developing bio-inspired actuator systems since 2018. The company is a spin-off from the Siemens Group and sets new standards for the sustainable electrification of drives with maximum energy efficiency. Based on highly integrated micro-hydraulic circuits, MetisMotion is able for the first time to combine a particularly high force density with ultra-dynamic movements in the smallest installation spaces. At the same time, MetisMotion actuators generally require only a quarter of the energy compared to pneumatic solutions, for example. Customers include national and international manufacturers from the factory and process automation, robotics and mobility sectors.
The Munich site is currently home to in-house development, manufacturing, marketing and sales.
About the ZFHN — Heilbronn Future Fund
Since its foundation in 2005, ZFHN Zukunftsfonds Heilbronn has been one of the major venture capitalists in Germany. It primarily supports young, innovative technology companies that are located in the Heilbronn area or are prepared to settle there in the short to medium term. The Future Fund is privately financed and has equity capital in the hundreds of millions. It supports companies with capital, know-how and contacts in the Heilbronn economic region. The goal is to further develop Heilbronn into a very successful technology location. This also includes the establishment and expansion of clusters (MedTech, BioTech, Cleantech) locally.
Since its founding in 2013, Heilbronn-based BORN2GROW GmbH & Co. KG has been supporting innovative technology companies in the seed and start-up phase. The seed fund supports young companies by accompanying them from the proof-of-concept stage to market launch. This early-stage financing enables fast-growing technology-oriented start-up companies to develop their ideas and concepts. BORN2GROW, a subsidiary of ZFHN Zukunftsfonds Heilbronn, cooperates with other venture capital funds and business angels and makes fast and transparent financing decisions.Contact:
Zukunftsfonds Heilbronn GmbH & Co. KG. www.zf-hn.de
About the Siemens Technology Accelerator
Siemens Technology Accelerator GmbH is a subsidiary of Siemens AG and has been successfully commercializing innovative Siemens technologies in applications outside the strategic focus of Siemens business units for more than 20 years. This is done either by founding venture capital funded start-ups or by selling or licensing to established companies.Contact:
Siemens Technology Accelerator GmbH. www.siemens.com/sta
About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances technology startups with growth potential. With a total volume of 892.5 million euros distributed across three funds and an international partner network, HTGF has already supported more than 500 startups since 2005. His team of experienced investment managers and startup experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the hardware, software, life sciences and chemicals sectors. More than €1.9 billion in capital has been invested in the HTGF portfolio by external investors in around 1,400 follow-on financing rounds to date. In addition, the fund has now successfully sold shares in 100 companies.
Investors in the public-private partnership include the German Federal Ministry for Economic Affairs and Energy, KfW, the Fraunhofer-Gesellschaft and the business enterprises ALTANA, BASF, Bayer, Boehringer Ingelheim, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Post DHL, Dräger, Drillisch AG, EVONIK, EWE AG, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, Postbank, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Gruppe, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG. www.htgf.de