Coalescent Mobile Robotics raises seed funding and looks to scale in European markets
Coalescent Mobile Robotics, a Denmark-based provider of autonomous mobile robots (AMRs) for the retail industry, has closed a €2 million seed funding round with Superangel and EIFO as lead investors.
The cash will be used to develop the next generation of AMRs and expand into European markets.
"We are very excited to be making our first deal in Denmark, given our focus on the Nordics and DeepTech,” says Superangel Venture Partner Kart Siilats.
“We were impressed by seeing the Coalescent Mobile Robotics in action in a Bilka store, how friendly and welcoming both the clients and Bilka employees were towards them and how intuitive and comprehensive the fleet management software is.”
“We think Coalescent Mobile Robotics has demonstrated a great partnership with Bilka and will go on to ease the heavy physical labour in many other stores across the globe, the same way we've seen robots in our other portfolio companies like Starship and Rocsys help their clients.”
“There is a massive potential in solving the critical lack of automation in retail. Coalescent Mobile Robotics helps psychical retailers adapting to the future with a declining workforce, changing habits and pressure from competition and new business models.” says Investment Manager in EIFO, Simon Frederik Øelund.
"We are happy to welcome aboard SuperAngel, along with all our current investors continuing on this journey with us. This investment will allow us to scale in the UK, France along with other European markets,” says Clionadh Martin, Founder and CEO, Coalescent Mobile Robotics.
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