Robotics company coboworx raises €4.5 million in a seed funding round led by Picus Capital and Team Global, with participation from pre-seed investor Paua Ventures. A number of prominent business angels are also participating, including Florian Huber (united-domains.de, neubaukompass.de), Robert Maier (Ladenzeile.de), Rubin Ritter (Zalando), Florian Seubert (Zooplus.de, Zalando), Christian Vollmann (Nebenan.de) and Michael Wax (Forto.de). Coboworx plans to use this funding to develop process-ready robot solutions from standard modules for a wide range of applications. The most important target group is small and medium-sized enterprises (SMEs).
The coboworx founders share the vision of making robotics an attractive and profitable tool for all companies in their production. High prices, complex programming and long implementation times have so far prevented a wider spread of robots, especially in SMEs. coboworx revitalizes the market with process-ready robot cells as plug-and-play solutions for SMEs. The open system design with integrated robot ecosystem allows SMEs a fast start-of-production and short payback times, as there is no need to involve external system integrators or build prototypes. In addition to the hardware, the experienced team has also developed the software platform, which also leaves scope for external software developers and will result in an app store for modern robotics.
Prof. Dr. Hans-Eric Rasmussen-Bonne, Andreas Michael, Dr. Sven Schilf und Dr. Jens Ginal provided comprehensive advice to coboworx at the Berlin office in this financing round, including corporate law, IP law and employment law. Weitnauer regularly represents both investors and companies in equity, venture debt and mezzanine financing rounds.