# Fruitcore Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fruitcore-robotics

- Industry: Industrial Machinery
- Headquarters: Konstanz, Germany
- Website: www.fruitcore-robotics.com
- Total disclosed funding: $44M
- Latest round: Series B (Nov 11, 2022)
- Investors on record: 8

## About

Fruitcore Robotics GmbH, based in Germany, designs and manufactures advanced industrial robots, including their flagship HORST digital robot, enhancing efficiency across various automation tasks in diverse industries.Founded in 2017 in Konstanz, Germany, Fruitcore Robotics GmbH specializes in industrial robotics solutions. The company was established by Tim Schmiedl and has successfully secured EUR 23.00 mn in Series B funding in November 2022, led by Kompas Ventures, with total capital raised amounting to EUR 23.00 mn. Its latest valuation stands at EUR 84.41 mn.Fruitcore Robotics specializes in the development and manufacturing of industrial robots, particularly the HORST digital robot. This innovative robot is engineered for diverse automation tasks such as CNC machining, machine loading and unloading, precise component sorting, and quality assurance processes. Leveraging a unique maintenance-free drive technology, these robots improve operational efficiency and minimize downtime. The company caters to a wide range of industries, including automotive, electronics, medical technology, and logistics, offering tailored automation solutions that meet specific client needs across Europe and beyond.Fruitcore Robotics operates on a business-to-business revenue model, focusing on direct sales of their industrial robots and automation systems. Clients engage in one-time purchases of robots and software, alongside ongoing support services like maintenance and training. The company also offers rental options for their robots, facilitating lower initial investments for clients. Pricing structures for products and services are customized based on client needs and the complexity of automation tasks, fostering long-term partnerships across various industrial sectors.The EUR 23.00 mn raised in Series B funding will be utilized to accelerate product innovation, enhance sales and marketing efforts, and support international expansion. Fruitcore Robotics aims to develop new products tailored to market demands and to expand operations into new geographic regions, leveraging their innovative automation solutions. The company is focusing on increasing its presence in markets requiring advanced automation technologies by 2023.

## Funding rounds

- Series B, Nov 11, 2022, $24M — Capricorn Partners, b2venture, Unternehmertum Venture Capital, Constantia New Business, Kompas, Matterwave Ventures Management, XAI Technologies, PeCon GmbH
- Series A, May 26, 2021, $21M — b2venture, Unternehmertum Venture Capital, Constantia New Business

## Investors

- b2venture (https://capitalatlas.ai/funds/b2venture) — Series A, Series B
- Unternehmertum Venture Capital (https://capitalatlas.ai/funds/unternehmertum-venture-capital) — Series A, Series B
- Constantia New Business (https://capitalatlas.ai/funds/constantia-new-business) — Series A, Series B
- Capricorn Partners (https://capitalatlas.ai/funds/capricorn-partners) — Series B
- Kompas (https://capitalatlas.ai/funds/kompas) — Series B
- Matterwave Ventures Management (https://capitalatlas.ai/funds/matterwave-ventures-management) — Series B
- XAI Technologies (https://capitalatlas.ai/funds/xai-technologies) — Series B
- PeCon GmbH — Series B