# Xito

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

- Industry: Software
- Headquarters: Ulm, Germany
- Website: www.xito.one
- Total disclosed funding: $1.7M
- Latest round: Seed (Jan 30, 2024)
- Investors on record: 5

## About

Based in Ulm, Germany, and founded in 2020, Toolify Robotics GmbH doing business as Xito operates as a software-based company that provides tools for automating allocated tasks in small and medium-sized businesses. The company was founded by Dennis Stampfer, Matthias Lutz, and Alex Lotz. In March 2023, Toolify Robotics GmbH raised seed funding led by High-Tech Gründerfonds. As of 2023, the company is having an employee count of 6 employees.

The firm provides a marketplace for automation with robots for medium and small-sized companies and helps them by providing automation on tasks. The robots offered by the firm could be used for intralogistics and transport, pick and place, material handling, picking, etc. The open digital marketplace offered by the company provides customized automation projects and helps in online planning and implementation.

The company plans to use the March 2023 funding for product development as well as its market approach.

## Funding rounds

- Seed, Jan 30, 2024, $1.7M — Kreissparkasse Biberach, Sparkassenkapital Ulm, Start-up BW Innovation Fonds GmbH & Co. kG, AiCobot
- Seed, Mar 2, 2023 — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed
- Kreissparkasse Biberach — Seed
- Sparkassenkapital Ulm (https://capitalatlas.ai/funds/sparkassenkapital-ulm) — Seed
- Start-up BW Innovation Fonds GmbH & Co. kG — Seed
- AiCobot — Seed