Munich-based RobCo becomes a robotics unicorn as valuation doubles in nine months

What happened

RobCo, a Munich-based robotics startup focused on industrial automation, today announced that it has surpassed an €892.4 million ($1 billion) valuation in a transaction that combines new investment and an employee secondary share sale. The company says its valuation has doubled in nine months.

Existing investors, including Sequoia, Lightspeed, Greenfield, Kindred, Lingotto, and Promus Ventures, […] The post Munich-based RobCo becomes a robotics unicorn as valuation doubles in nine months appeared first on EU-Startups . Existing investors, including Sequoia, Lightspeed, Greenfield, Kindred, Lingotto, and Promus Ventures, participated in this deal alongside new investors, including Cherry Ventures and European Tech Collective, a group of European technology founders.

Key facts

• RobCo, a Munich-based robotics startup focused on industrial automation, today — announced: that it has surpassed an €892.4 million ($1 billion) valuation in a transaction that combines new investment and an employee secondary share sale