SMP
SMP advises Magazino, the German robotics startup, on US$24.9 million financing round
February 27, 2018 Press

SMP advises Magazino, the German robotics startup, on US$24.9 million financing round

Berlin – Schnittker Möllmann Partners has advised robotics start-up Magazino on its most recent financing round in the volume of $24.8 million.

The new investors include the international technology group Körber, Zalando, Fiege Logistics, and Cellcom, a Hongkong-based investor. The round led by Körber Group is one of the largest funding rounds for robotics start-ups in Europe.

The funding will enable Magazino to continue its robotics development as well as expand the company's sales and distribution network both in Germany and internationally. The previous financing round was led by next47, Siemens' venture branch.

Magazino develops and builds perception-driven, mobile robots that automate the handling and transport of goods within intralogistics, in a flexible and scalable way. The startup's technology enables dynamic warehousing and order picking as well as intelligent material disposition in e-commerce and assembly lines.

With the ability to handle individual objects fully autonomously, Magazino closes one of the central gaps in the automation of manual logistics processes which opens up new opportunities to make processes - and companies - more efficient.