ALTERNATIVE FINANCING FORMS
FOR ENTREPRENEURS AND INVESTORS

News

Wandelbots receives $84 million in Series C funding round

Photo: Insight Ventures today raised over USD 30 billion under management
26. Janu­ary 2022

Dresden/ Berlin — The Series C finan­cing of Dres­­den-based robo­tics soft­ware company Wandel­bots has a total volume of $84 million. This brings Wandel­bots’ total funding to $123 million. The New York-based venture capi­tal and private equity firm Insight Part­ners, which holds stakes in compa­nies such as Blin­kist, N26, HelloFresh, BlaBla­Car, Twit­ter and Shopify, has joined as a new inves­tor. In addi­tion, exis­ting inves­tors 83North, Micro­soft, Next47, Paua, Atlan­tic Labs and EQT also parti­ci­pa­ted in the finan­cing round. — A YPOG team co-led by Benja­min Ullrich and Emma Peters provi­ded compre­hen­sive legal advice to Wandel­bots on its latest finan­cing round.

The no-code approach of Wandel­bots allows appli­ca­tion experts to teach their robots inde­pendently without having to have programming know­ledge. An initial product, Wandel­bots Teaching, is based on agnostic soft­ware with an easy-to-use inter­face that works the same for every robot — regard­less of manu­fac­tu­rer or appli­ca­tion. Wandel­bots Teaching enab­les compa­nies of all sizes to advance their auto­ma­tion with indus­trial robots.

The solu­tion is expec­ted to be used in all robots world­wide in the near future and will be avail­able for every poten­tial use case. To this end, the robo­tics soft­ware company is inves­ting in acce­le­ra­ted product deve­lo­p­ment. In addi­tion to buil­ding new go-to-market orga­niz­a­ti­ons in North America and Asia, Wandel­bots is also aiming for global expan­sion. As a next step, Wandel­bots plans to expand and open up its robo­tics soft­ware plat­form. Provi­ders of auto­ma­tion solu­ti­ons and soft­ware deve­lo­pers can then use the tech­no­logy to deve­lop their own solu­ti­ons in the shor­test possi­ble time without being tied to a speci­fic manufacturer.

Consul­tant Wandel­bots: YPOG

Dr. Benja­min Ullrich (Co-Lead, Corporate/Transactions), Partner
Emma Peters (Co-Lead, Corporate/Transactions), Senior Associate
Dr. Bene­dikt Flöter (IP/IT), Asso­cia­ted Partner

About Wandel­bots

Wandel­bots belie­ves that the world will be a better place if people can focus on their crea­ti­vity and hand over mono­to­nous work to robots. ‘Robots for the people’ — that is the company’s motto. It repres­ents the mission to empower every human to work with robots. For this, Wandel­bots offers the simp­lest solu­tion for robot programming ‘Wandel­bots Teaching’ and an over­ar­ching deve­lo­per plat­form for robo­tics. Curr­ently, robots from Univer­sal Robots & Yaskawa are being used with Wandel­bots tech­no­logy at compa­nies such as BMW, Bayer, VW, Fraun­ho­fer, Scha­eff­ler, Rotop and Vitesco. Wandel­bots has part­ners­hips with leading OT system inte­gra­tors in Europe such as Gibas, Alum­o­tion, Heiden­bluth and Sojka. Wandel­bots employs more than 140 people from 17 coun­tries — its head­quar­ters are in Dres­den, Germany.

About Insight Partners

Insight Part­ners is a leading global venture capi­tal and private equity firm that invests in high-growth tech­no­logy and soft­ware scale-up compa­nies driving trans­for­ma­tive change in their indus­tries. Insight Part­ners, foun­ded in 2005, has inves­ted in more than 400 compa­nies world­wide and has recei­ved more than $30 billion in capi­tal commit­ments through a number of funds. Insight’s mission is to find, fund and success­fully part­ner with visio­nary leaders by provi­ding them with prac­ti­cal, real-world soft­ware exper­tise to drive their long-term success. Through its people and port­fo­lio, Insight fosters a culture based on the belief that Scal­eUp compa­nies and growth create oppor­tu­nities for all.

About YPOG
YPOG is a specia­list tax and commer­cial law firm, opera­ting in the core areas of corpo­rate, funds, liti­ga­tion, tax, tran­sac­tions, IP/IT and nota­rial services. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. www.ypog.law

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at] fyb.de