Haniel Family Office From Duisburg Invests In €26M Series B of Wandelbots

Haniel Family Office From Duisburg Invests In €26M Series B of Wandelbots

Dresden-based robotics startup Wandelbots closed its €26M Series B financing round. One of the investors is the Haniel family office from Duisburg.

No-Code robotics for the industry

Wandelbots is working on „no code robotics solutions“. Through a so-called „Trace Pen“ and an intuitive app, customers can teach robots for their purposes without any required coding skills. The Wandelbots software platform works with several robotics programming languages and types of robots. Wandelbots enables customers to work with robots in just a few minutes – which decreases programming costs tenfold.

Market Launch supported by Series B – and Duisburg Family Office

Now, Wandelbots is working on the market launch of its „Trace Pen“. The concept convinced several investors: Microsoft’s venture capital firm M12 or the London-based venture capital fund 83 North. One of the German investors (besides Paua Ventures and EQT Ventures) is the Haniel Family Office from Duisburg. Daniel is a family equity company with more than €4BN in revenues and almost 20,000 employees. Wandelbots is one of the few startup investments of Handel; other investments include ELG, CWS or BekaertDeslee. The company is also holding 22.7% of German consumer electronics retail firm CECONOMY.

Picture Source: Franck V.
Source: Juve, 29.06.2020

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