# Coboworx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coboworx

- Industry: Industrial Machinery
- Headquarters: Rhineland-Palatinate, Germany
- Website: www.coboworx.com
- Total disclosed funding: $17M
- Latest round: Seed (Apr 24, 2024)
- Investors on record: 16

## About

Coboworx GmbH, based in Germany, specializes in providing innovative robotic solutions tailored for small and medium-sized enterprises, enhancing operational efficiency and addressing labor shortages with configurable systems.Founded in 2019 in Rhineland-Palatinate, Germany, Coboworx GmbH focuses on delivering turnkey robotic solutions. The company has engaged in two notable funding deals, with the latest being a Seed round in April 2024, raising EUR 11.4 million led by Northstar Global Investment, among others. Its current valuation stands at EUR 35.88 million. Founded by individuals with a history in technology, Coboworx serves clients across Europe.Coboworx GmbH specializes in providing turnkey robotic solutions designed specifically for small and medium-sized enterprises (SMEs). Its main offerings include modular systems for palletizing and machine tending aimed at enhancing production efficiency while addressing labor shortages. These configurable solutions can be operational within a rapid timeframe of six weeks and require no expert knowledge for operation. Clients can access flexible rental options starting at EUR 2,000 per month. The company serves various industries, including food production and logistics, with clients such as Avenarius Agro GmbH and Pro Pet Koller GmbH.The company's revenue model is based on a Robotics as a Service (RaaS) framework, allowing clients to access robotic solutions through rental agreements. This model reduces upfront costs, which is attractive to SMEs seeking automation. Rental agreements typically include maintenance and support to ensure operational reliability, with a flexible four-week trial phase for potential customers. Monthly rental fees are structured to facilitate steady revenue generation as clients expand their systems with various modules based on evolving production needs.In April 2024, Coboworx GmbH raised EUR 11.4 million in Seed funding, led by Northstar Global Investment, to support the expansion of its manpower and product offerings. The company is focused on launching new products designed to meet the increasing demand for automation among SMEs. Additionally, Coboworx aims to expand its market presence throughout Europe, targeting specific regions by the end of 2025. The recent funding will facilitate the scaling of operations to support these initiatives.

## Funding rounds

- Seed, Apr 24, 2024, $12M — SquareOne, Picus Capital, New Forge, Henrik Schunk Beteiligungen GmbH, Abacon Capital, SCHAUENBURG Ventures, Juwel 225. V V GmbH, Catatumbo Capital GmbH, Untermotorisiert GmbH, Northstar Global Investment
- Seed, Oct 1, 2019, $4.9M — SquareOne, Berlin Ventures, Picus Capital, Henrik Schunk Beteiligungen GmbH, Mercutio GmbH, Florian Hubert Beteiligungen GmbH, Luktev GmbH, Juwel 225. V V GmbH, ROMM Holding GmbH, Robotics Consulting GmbH

## Investors

- SquareOne (https://capitalatlas.ai/funds/squareone) — Seed
- Berlin Ventures (https://capitalatlas.ai/funds/berlin-ventures) — Seed
- Picus Capital (https://capitalatlas.ai/funds/picus-capital) — Seed
- Henrik Schunk Beteiligungen GmbH — Seed
- Mercutio GmbH — Seed
- Florian Hubert Beteiligungen GmbH — Seed
- Luktev GmbH — Seed
- Juwel 225. V V GmbH — Seed
- ROMM Holding GmbH — Seed
- Robotics Consulting GmbH — Seed
- New Forge (https://capitalatlas.ai/funds/new-forge) — Seed
- Abacon Capital (https://capitalatlas.ai/funds/abacon-capital) — Seed
- SCHAUENBURG Ventures (https://capitalatlas.ai/funds/schauenburg-ventures) — Seed
- Catatumbo Capital GmbH — Seed
- Untermotorisiert GmbH — Seed
- Northstar Global Investment — Seed