Press Release June 18, 2020

83North Leads Wandlebots’ $30 Million Series B Financing

The London and Frankfurt Technology team represented 83North as lead investor in Wandelbots’ $30 million Series B financing.

 

Next47 and Microsoft’s M12 venture funding arm also participated. Wandelbots, founded in Dresden, Germany, has developed a revolutionary tool that makes it possible to train, reprogram and provide data for any robot in the shortest possible time. The Series B financing will support the launch of Wandelbots’ TracePen, a hand-held, code-free device that allows human operators to quickly and easily demonstrate desired behavior for industrial robots to mimic

 

83North is a global venture capital fund. The firm backs exceptional entrepreneurs and invests across all stages of consumer and enterprise companies, and backs some of the world fastest growing category leaders. Gil Goren, a partner at 83North, lead the Wandelbots investment.

 

The Goodwin team was led by Bill Schnoor, Gregor Klenk and Joana Pamukova.

 

For additional details on the investment, please read this article from TechCrunch