HTGF et al. back Bionic Robotics series-A

The managing partner of the company, private equity firm Abacus Alpha and consultancy RMC Dr Reineck Management & Consulting also took part in the round. In addition, the state of Hesse invested via its Hessen Kapital I fund.

The fresh capital has already been earmarked for building final assembly facilities.

Bionic Robotics first gained external financial backing in December 2012, when HTGF and Dr Schulze Consulting and Holding first invested. HTGF usually commits €500,000 at the seed stage, with the potential to invest a further €1.5m per portfolio company.

Company
Established in 2010 as a spin-off of the Technical University of Darmstadt, Bionic Robots develops and manufactures the robot arm BioRob. It is used in industrial automation for pick-and-place, inspection and assistance tasks. Bionic Robotics will adapt its product to its leading users' requirements before rolling out a generic version. The company has seven employees.

People
Ralf Teichmann is CEO of Bionic Robotics. Jürgen ten Elsen is an investment manager at Hessen Kapital. Michael Strzyz is an investment manager at HTGF.

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