What is Exotec Solutions?
Established in 2015, Exotec Solutions is a prominent player in the robotics industry, specializing in advanced automated warehouse systems. The company's flagship Skypod system is designed to optimize logistics and inventory management for businesses. Exotec Solutions has demonstrated significant operational progress, having successfully installed four systems and planning to more than double that number in 2019. With an expanding global presence, including partners in Italy, Germany, USA, Poland, Spain, Benelux, UK, Japan, and South Korea, the Skypod system is poised for worldwide availability, reflecting the company's ambition to lead the future of automated logistics.
How much funding has Exotec Solutions raised?
Exotec Solutions has raised a total of $22.5M across 3 funding rounds:
Private Equity
$3.5M
Series A
$4M
Series B
$15M
Private Equity (2016): $3.5M with participation from Breega Capital and 360 Capital Partners
Series A (2016): $4M led by 360 Capital and Breega Capital
Series B (2018): $15M supported by European VC Iris Capital
Key Investors in Exotec Solutions
European VC Iris Capital
IRIS is a venture capital firm that specializes in providing funding and sector-specific expertise to tech entrepreneurs at various stages, from seed and Series A to late-stage growth. The firm focuses on enhancing its investment capabilities in both venture and growth sectors, while also emphasizing ESG commitments.
Breega Capital
Breega is a venture capital firm that specializes in backing exceptional founders from pre-Seed to Series A+ across Digital, Climate, and Deep Tech sectors. With a team composed of former founders and operators, they provide not only financial support but also expertise and tactical insights to help startups scale effectively.
360 Capital Partners
We are a Venture Capital firm, investing in Innovation at full scale, in Europe and more particularly in France and Italy. Over Euro 300 Mio under management in the last 15 years, 360 Capital Partners is managed by a consolidated team which has cumulated 60+ years of Venture Capital experience.
What's next for Exotec Solutions?
The recent major strategic investment in Exotec Solutions signals a strong confidence from its backers in the company's future potential. This capital infusion is expected to accelerate product development, enhance manufacturing capabilities, and further expand its international market reach. As Exotec Solutions continues to scale its operations and deploy its innovative Skypod systems globally, the company is strategically positioned to capitalize on the growing demand for advanced automation solutions in the e-commerce and logistics sectors. Future growth will likely involve deeper penetration into existing markets and entry into new territories, solidifying its role as a key innovator in warehouse robotics.
See full Exotec Solutions company page
