Matrix Partners and Morpheus Ventures have taken part in a $25m early-stage funding round for Starship Technologies, a UK- and US-based provider of autonomous robots for the delivery of local goods.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
Firm is investing from Paine Schwartz Food Chain Fund IV, which closed on $893m in 2014