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Quarton International advises robotics start-up Magazino on EUR 20.1 m Series A financing round

Transaction

Quarton International exclusively advised the shareholders of robotics start-up Magazino on a Series A financing round of EUR 20.1 m. The new investors include thee international technology group Körber, Cellcom, Zalando and Fiege Logistics. The round is led by the Körber-Group and is one of the largest funding rounds for robotics start-ups in Europe. The purpose of the capital increase is to drive forward the development of robots as well as to expand the sales and distribution network in Germany and internationally.

Client

Magazino GmbH, headquartered in Munich, was founded in 2014 by Frederik Brantner, Lukas Zanger and Nikolas Engelhard. The startup has meanwhile grown to over 80 employees and develops and builds perception driven, mobile robots for intralogistics. Magazino has already developed the mobile picking robot TORU, which runs with several customers in live operation. The new robot SOTO works similar to TORU, but is designed for much larger and heavier objects.

Investors

Körber AG is the holding company for an international technology group with approx. 11,500 employees around the world. The Group comprises leading-edge technology companies and more than 130 production, service, and sales entities.

Cellcom Resources Limited is a privately owned investment vehicle of Dr. Peter Lee, Vice Chairman of Henderson Land Development Company Limited (the “Henderson Group”). Listed in Hong Kong since 1981, the Henderson Group is one of the largest conglomerate in Hong Kong with businesses in Hong Kong and throughout China.

Zalando is Europe’s leading online fashion platform for women, men and children. The company offers customers a one-stop, convenient shopping experience with an extensive selection of fashion articles including shoes, apparel and accessories, with free delivery and returns.

The Fiege Group, headquartered in Greven/Germany, is one of Europe’s leading logistics providers. Its competence lies particularly in the development and realization of integrated supply chain systems, and it is considered a pioneer of contract logistics.

Contact

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Jules A. Grüninger

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Jozsef Bugovics

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