How much funding did German startup RobCo raise?

RobCo raised $100 million in financing.

Who led the $100 million funding round for RobCo?

Lingotto Investment Management, owned by Exor NV, led the financing round.

What industry does RobCo operate in?

RobCo makes robots for use in manufacturing.

Home / Business and Economy / RobCo Secures $100M for Manufacturing Robots

RobCo Secures $100M for Manufacturing Robots

29 Jan

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Summary

German startup RobCo raised $100 million in new funding.
Investors include Exor NV and a Toyota dealer.
Lingotto Investment Management led the financing round.

RobCo Secures $100M for Manufacturing Robots

German robotics company RobCo announced on Thursday that it has raised $100 million. This substantial funding round saw participation from key investors, highlighting confidence in the company's innovative approach to manufacturing automation.

The financing was spearheaded by Lingotto Investment Management, an investment firm owned by Exor NV, the holding company of the prominent Agnelli family. Lightspeed Venture Partners also played a significant role in leading the round.

Further investment was provided by a billionaire Toyota dealer, signaling broad support from various influential figures in the business and automotive industries. RobCo aims to leverage this capital to expand its operations and further develop its robot offerings for manufacturing clients.

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