The seed investor High-Tech Gründerfonds (HTGF) finances tech start-ups with growth potential and has supported more than 700 start-ups since 2005. With the launch of its fourth fund, HTGF now has about 1.4 billion euros under management. Its team of experienced investment managers and start-up experts support young companies with expertise, entrepreneurial spirit and passion. HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. To date, external investors have injected about 5 billion euros of capital into the HTGF portfolio via more than 2,000 follow-on financing rounds. In addition, HTGF has already successfully sold shares in more than 170 companies. Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries. Fund investors in this public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital and 45 companies from a wide range of industries.

HTGF | High-Tech Gruenderfonds

Serpentine Ventures (SERV) is the investment arm of the Swiss startup group. Serpentine refers to the meandering roads found across the Swiss Mountains. Unreachable mountain peaks become accessible by following the serpentine path.

Serpentine Ventures

OTB Ventures is a leading European VC focused on DeepTech with an unfair advantage in accessing Central and Eastern European (CEE) deal flow, investing in early growth, real tech startups (late Seed, Series A and B) that develop unique technologies in 4 verticals: SpaceTech, AI & Automation, FinTech and Cybersecurity OTB Ventures was established in 2017 and is currently the largest VC originating from the CEE, managing over $300M. OTB Ventures has two offices: Amsterdam (Netherlands) and Warsaw (Poland).

OTB Ventures

D11Z.Ventures invest in the AI-innovators and visionaries, the doers, the entrepreneurs who are laying the foundations today to actively shape and change the world of tomorrow.

D11Z.Ventures

akirolabs

Akirolabs is a web development procurement management solution. They offer services that include frameworks, augmented market capabilities, and knowledge repository solutions.

Founded in 2021 and based in Germany, Akirolabs specializes in procure tech through an AI-driven SaaS platform aiming to enhance the procurement process. The platform supports the autonomous development of procurement strategies, offering a framework that can be tailored to the specific needs and contexts of customer organizations. Akirolabs’s category management tools leverage AI for extended collaboration and use data from various sources. The company also looks to address environmental, social, and corporate governance (ESG)-related challenges. The company offers its services on a SaaS basis.

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

Akirolabs

akirolabs Secures 7-Digit Grant

Founded in 2021 and based in Germany, Akirolabs specializes in procure tech through an AI-driven SaaS platform aiming to enhance the procurement process. The platform supports the autonomous development of procurement strategies, offering a framework that can be tailored to the specific needs and contexts of customer organizations. Akirolabs’s category management tools leverage AI for extended collaboration and use data from various sources. The company also looks to address environmental, social, and corporate governance (ESG)-related challenges. The company offers its services on a SaaS basis.Key customers and partnershipsAkirolabs serves a global clientele, including large corporations across various industries. Its customers include Pan American Energy, Vodafone, Raiffeisen Bank International, Bertelsmann, IFF, and UCB Pharma.The company also has product collaborations with parties including Bell Procurement Management, a niche tail and tactical spend specialist (November 2021), and The Smart Cube, a provider of strategic research and analytics solutions (March 2023), to combine complementary capabilities.Key competitors: None comparable (Akirolabs is the only startup in the Logitsic Tech space that offers strategic procurement management through AI-driven insights for category strategy and sustainability)

<div>
 
 Boxbot develops automated sorting and storage solutions for warehouses. The company, which previously focused on developing autonomous delivery vehicles (ADVs) for 
 <a href="https://sp-edge.com/industry/1">
 last-mile delivery automation,
 </a>
 announced the shift in focus to develop warehouse robots 
 <a href="https://sp-edge.com/updates/22292">
 in September 2023.
 </a>
 It offers intelligent 3D parcel handling conveyor systems, specifically designed to increase storage density within a smaller footprint. Its platform can store, sort, and sequence high-throughput payloads while requiring minimal physical space. The company claims the system can handle up to 4,000 parcels per hour. The system is powered by &ldquo;Boxbot OS,&rdquo; which provides advanced analytics, systems controls, and predictive maintenance features.
 
 
 Key customers and partnerships
 
 
 Boxbot was in discussions with partners and had identified several sites for testing its warehouse automation technology as of September 2023. The company has conducted pilot tests in various use cases and notes the technology can be deployed at last-mile delivery centers, bonded storage warehouses, and customer pickup locations.
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/22292">
 In September 2023,
 </a>
 Boxbot raised USD 12 million in a Series A funding round led by Playground Global to strengthen its engineering and business operations and accelerate its go-to-market approach.
 
</div>

Boxbot

Based in France, Exotec Solutions (Exotec) develops warehouse automation solutions. Its main offering “Skypod,” is an automated storage and retrieval system (ASRS) with the ability to prioritize orders by automating the movement of goods from bin storage to workstations. Skypod units are powered by autonomous mobile robot (AMR) technology and have the ability to travel at high speeds and move in 3D environments.Skypod system is supported by Exotec’s end-to-end warehouse software, “Deepsky,” which uses technologies such as Webservices, RESTful API, and nodeRed to control elements of the Skypod system. Exotec can be integrated with warehouse management and warehouse control systems and enables Skypod to be integrated with third-party automation equipment. It also collects real-time data for performance visibility.Exotec’s other warehouse solutions include “Skypicker, ” an automated picking arm that uses machine learning-based vision to pick items from the Skypod robots and place them into fulfillment containers, and “Skypath,” an API-based modular plug-and-play conveyor system. It also builds stations made up of a ramp, a screen, and scanners for smaller warehouse spaces that use Skypod robots.The company offers its products on a robotics-as-a-service (RaaS) basis and has a presence in multiple countries in the Asia-Pacific, Europe, and North America.Key customers and partnershipsAs of February 2022, Exotec served over 50 companies. Its customers include Decathlon, Carrefour, Cdiscount, Uniqlo, Gap, Monoprix, Logilec, and <a href="https://sp-edge.com/updates/26080">Lane Automotive.</a>The company also has partnerships with system integrators such as 1) <a href="https://sp-edge.com/updates/24045">Bastian Solutions </a>and Advanced Handling Systems (AHS) to deploy Skypod systems in North America for retailers such as Gap, Ariat International, and GEODIS; 2) Korea-based engineering and IT service provider POSCO DX to expand its presence in South Korea. Its other integrator partnerships include Hy-Tek Intralogistics, Bastian Solutions, Klinkhammer Intralogistics, Unitechnik Systems GmbH, A1Sorter, LAC Conveyors &amp; Automation, Dexter Intralogistics, POSCO DX, Okura Yusoki, and IHI.Funding and financialsExotec reportedly generated USD 120 million in revenue in 2021. In January 2022, the company raised USD 335 million in Series D funding led by Goldman Sachs at a valuation of USD 2 billion. The funds were earmarked for hiring 500 engineers by 2025 and continuing its expansion drive in North America.

Exotec

Berkshire Grey provides AI-powered robotic solutions for ecommerce fulfillment automaton, smart store replenishment, package sortation, and micro-fulfillment solutions, targeting retail, ecommerce, and third-party logistics (3PL). Its product portfolio includes robotic pick-and-pack solutions, robotic induction stations, robotic pick-and-sort solutions, and mobile robotic fulfillment solutions. Berkshire Grey specializes in configuring, installing, commissioning, and servicing these solutions for customers. It also provides additional professional services, such as system maintenance, system operation, and cloud-based monitoring and analytics.The company offers its product with a variety of purchase options, including outright sale and robotics-as-a-service (RaaS), which allows customers to use the offerings without incurring large, up-front capital expenses.Berkshire Grey generated revenue of US 65.9 million in 2022; however, it was yet to turn profitable, as its operating loss amounted to USD 113.8 million. The company has been listed on the Nasdaq since August 2021 via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 2.7 billion (February 2021). However, the company entered a definitive merger agreement with its investor SoftBank Group in March 2023, which also took the company private (transaction closed in July 2023).Key customers and partnershipsBerkshire Grey’s customers include Global 100 retailers and logistics service providers, such as Walmart, FedEx, Ceva Logistics, Target, Maersk, and Bealls.The company also has partnerships with system integrator of fulfillment and distribution solutions AHS (September 2021), technology service provider Atos (October 2021), data-driven robotic solutions provider Swisslog (March 2022), autonomous mobile robot developer Locus Robotics (January 2023), and intralogistics solution company Kardex <a href="https://sp-edge.com/updates/33225">(September 2024)</a> to expand markets by combining technologies.

Berkshire Grey

ShipBob is a cloud-based third-party logistics (3PL) platform that offers a fulfillment order platform for small and medium-sized ecommerce businesses. ShipBob's proprietary technology covers the entire fulfillment process, including order and inventory management, warehouse management, predictive data and analytics, and optimized shipping (package delivery within 1–2 business days) for ecommerce companies. The company operates as a B2B software-as-a-service (SaaS) company.ShipBob operated a network of 50+ fulfillment centers across the US, Canada, Mexico, Europe, and Australia (as of April 2024). These centers serve as storage and distribution hubs for ShipBob's customers. ShipBob also <a href="https://sp-edge.com/updates/32676">facilitates Section 321-compliant order fulfillment</a> from Canada and Mexico, which allows merchants to reduce paperwork, speed up delivery times, and save on transportation and duties for high-tariff goods shipped to US consumers.The company also provides a merchant application that enables users to monitor inventory levels and facilitates communication with the warehouses for selecting items to fulfill orders and arrange their shipment. ShipBob then integrates with various shipping companies to ensure the delivery of orders to customers.Key customers and partnershipsThe company had 7,000+ customers as of April 2024. Its customers include PetLab, Bloom Nutrition, Storelli, zBiotics, Semaine Health, Postal, Bruce Bolt, Baby Doppler, Earthley, Spikeball, Pit Viper, Oxford Healthspan, RIFRUF, Food Huggers, NutriPaw, FlutterHabit, Quadrant, Juspy, and SuperSpeed Golf.The company has integrations with multiple platforms to ensure a smooth fulfillment process. Such integrations include the following:1) Ecommerce platforms and marketplaces such as Shopify, Amazon, BigCommerce, eBay, Magneto, Squarespace, Walmart, Wix, WooCommerce, Netsuite, <a href="https://sp-edge.com/updates/22208">TikTok Shop,</a> and <a href="https://sp-edge.com/updates/30330">Adobe Commerce</a> integrations2) Ecommerce operations, inventory, and order management platforms such as Brightpearl, Birj, Cogsy, PackageBee, SPS Commerce, Zentail, Shipyard, Logicbroker, Order Desk, Fulfil.io, and Cin73) Returns management platforms such as HappyReturns, Loop returns, ReturnLogic, and Returnly4) Freight and shipping solutions such as DHL, FedEx, UPS, Flexport, Freightos, Route, Rush, Shippo, ShipStation, Anvyl, AfterShip, and Echo Global LogisticsIts other integrations include ecommerce marketing and customer support providers; custom packaging and design solutions providers; branding, marketing, and web development agencies; and accounting, tax, and financing service providers.

ShipBob

Locus Robotics develops autonomous mobile robots (AMR) for warehousing and manufacturing operations. It offers three main AMR solutions: 1) “Locus Origin,” an AMR designed for collaborative, high-volume order fulfillment; 2) “Locus Vector,” designed to handle small to medium payloads; and 3) “Locus Max,” designed for larger payloads. The AMR solutions are backed by “LocusONE,” a warehouse automation platform that uses AI and data science to deploy and manage the AMRs. LocusONE also generates real-time actionable insights to support operational decisions. The AMRs allow integration with warehouse management systems and warehouse control systems. The company also offers warehouse automation solution “LocusEmpower,” which supports a range of fulfillment types including zone-picking, discrete order picking, batch picking, and wave picking. It also offers <a href="https://sp-edge.com/updates/27481">"LocusHub,"</a> an AI/ML-powered cloud-based business intelligence engine grounded with LocusONE for advanced analytics.The company offers its products on a robotics-as-a-service (RaaS) basis. In April 2024, Locus’s AMRs achieved the landmark of completing more than 3 billion unit picks.In September 2021, Locus Robotics acquired AMR provider Waypoint Robotics, which offers AMRs that are industrial-strength with omnidirectional mobility features, enabling Locus Robotics to gain access to new market segments. Key customers and partnershipsAs of May 2023, the company had deployed its technology at 250+ locations in partnership with 100+ brands. Its global customers include Ceva Logistics, Boots, Cardinal Health, <a href="https://sp-edge.com/updates/27443">GEODIS, </a>DHL, DSV, JAS, Ryder, UniPharma, UnitedDrug, Go Retail Group, Bluegrass Supply Chain, FM Logistics, UPS, UPS Healthcare, VF Corporation, <a href="https://sp-edge.com/updates/27275">Booktopia,</a> <a href="https://sp-edge.com/updates/27659">John Lewis &amp; Partners</a> and ​<a href="https://sp-edge.com/updates/33695">​KSP Fulfillment</a>.In <a href="https://sp-edge.com/updates/30676">June 2024</a>, Locus Robotics entered a strategic partnership with Zion Solutions Group to integrate Locus's robotic solutions with Zion's supply chain solutions.Funding and financialsAs of November 2022, the company reported having USD 100 million+ in contracted recurring revenue.In November 2022, Locus Robotics <a href="https://sp-edge.com/updates/14949?industryIds=6">raised USD 117 million </a>in Series F funding co-led by Goldman Sachs Asset Management and G2 Venture Partners, valuing the company at “close to” USD 2 billion. The funds were to be used to facilitate the company’s continued growth and further expand global operations.

Locus Robotics

Companies developing automation technology for warehouses like robots (including inventory drones), cobots, automated storage and retrieval systems (ASRS), and related software.

Include companies providing automated ecommerce fulfillment, store replenishment, and package sortation solutions.

Companies offering automated vendor evaluation and management, demand forecasting, and inventory management.

Companies that offer warehousing and ecommerce fulfillment with technology developed in-house.

Uses connected devices and sensors to gather information—mainly relevant for the visibility segment

Uses robotics solutions for warehouse operations and fulfillment

Automated fulfilment solutions and warehouse automation broadly fall under industry 4.0

ANALYST_QUICK_TAKE

<div>
 Akirolabs, a software provider from Germany, has received a significant non-dilutive grant from Investitionsbank Berlin and the European Regional Development Fund (ERDF). 
 Plans for the new funding include enhancing the AI and large language model (LLM) features of its software, speeding up product development with the akiroAssist LLM designed for strategic procurement, and team expansion.
</div> Analyst QuickTake: 
 This public grant comes on the heals of Akirolabs <a href="https: 
//sp-edge.com/updates/26018"> raising USD 5 million </a> seed funding round to advance its product offering, improve its AI capabilities, and support customer growth and overall business operations.

Akirolabs

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