Taylor Wessing advises Lightspeed on Series B financing of approximately USD 42 million for robotic platform RobCo

The plug-and-play robot automation platform RobCo has raised USD 42.5 million fresh capital in a Series B financing round. The round was led by Lightspeed Venture Partners ("Lightspeed") with participation of existing investors Sequoia Capital, Kindred and Promus Ventures. Lightspeed was comprehensively advised on all legal aspects of the transaction by a Taylor Wessing team led by Berlin-based VC partner Dr Norman Röchert.

Founded in Munich in 2020, RobCo develops modular industrial robots that automate work processes efficiently and flexibly as plug-and-play solutions. Thanks to fully integrated AI and with the help of numerous interfaces, the modules can be flexibly combined with each other so that the robotic support can be used for applications such as palletising or turning or milling machines in the shortest possible time. The start-up relies on a robot-as-a-service business model in which the RobCo products are provided on a rental basis. With this offering, the company is targeting SMEs in particular, which can rely on easy-to-use robot solutions in times of a shortage of skilled labour and uncertain supply chains.

Lightspeed Venture Partners is a multi-stage venture capital firm focusing on supporting innovation and trends in the enterprise, consumer and healthcare sectors with an emphasis on category-defining businesses that change the way we interact today and enable a visionary tomorrow. The firm has supported hundreds of founders and helped build more than 400 extraordinary companies worldwide. 

Legal advisors Lightspeed Venture Partners
Taylor Wessing Germany: Lead Dr Norman Röchert (Partner, Berlin), Christopher Hildebrandt (Senior Associate, Berlin), Joana Pamukova (Senior Associate, Frankfurt), Felix Paul (Professional Support Lawyer, Berlin), all M&A/Venture Capital, Michael Brüggemann (Partner, Düsseldorf), Malke Kristina Zimmermann (Associate, Düsseldorf), both Competition, EU & Trade, Nico Jänicke (Partner), Jan-Mathias Pfleging (Senior Associate), both Employment, Pensions & Mobility, both Berlin, Dr Gregor Schmid (Partner), Dr Eva Surowiecki (Senior Associate), both Technology, Media & Telecoms, both Berlin, Dr Bert Kimpel (Partner, Düsseldorf), Hai Nam Nguyen (Associate, Frankfurt), both Tax, Arno Gotting (Salary Partner), Nils Schulze-Brüggemann (Associate), both Commercial, both Frankfurt