360 Capital, Breega in €3.3m series-A round for Exotec

The round was led by 360 Capital. Previous investors include mostly business angels, the majority of which recommitted capital to this round.

With the fresh funds, Exotec will boost its commercial development and look to establish new partnerships with players in the logistics industry, a company statement said.

The group is planning to deploy its first client in early 2017, to develop its recently opened office in Lille, and to triple its team within six months by recruiting an extra 20 researchers and developers.

Previous funding
In December 2015, Exotec received a €340,000 seed round from business angels to kick off its project.

Company
Founded in 2015 by Romain Moulin and Renaud Heitz, Exotec is a company specialised in robotics-based order preparation systems, based on a fleet of collaborative mobile robots. The group is based in Paris and currently counts around 10 employees.

People
360 Capital Partners – François Collet (partner).
Breega Capital – François Paulus (co-founder).
Exotec Solutions – Romain Moulin (co-founder).

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