(MENAFN – EQS Group) MIG Fonds invests in German Bionic Systems
Munich, 14 December 2020
MIG AG, a arch German adventure basic investor, today appear that its MIG Fonds 8 und 16 has invested in GBS German Bionic Systems GmbH, Augsburg, Germany, in a Series A financing. Both accommodating MIG Funds are anniversary beforehand €2 actor in the US $20 round, a absolute €4 actor (US $4.8 million) from MIG. Besides MIG Fonds, Samsung Catalyst, Storm Ventures, Benhamou All-around Ventures and IT Farm are co-investors in the Series A financing.
German Bionic is a robotics specialist and has auspiciously accustomed itself in the German-speaking countries and Japan with its able Cray X ability suit. The aggregation was founded in 2017 and has accustomed sites in Augsburg and Berlin, Germany, and Tokyo, Japan. With the now completed Series A financing, German Bionic will added beforehand its all-embracing expansion.
German Bionic’s Cray X is the world’s aboriginal affiliated exoskeleton that actively supports chiral assignment and appropriation movements and prevents incorrect aspect in automated workers. In affiliation with the Acute Factory, German Bionic creates the able articulation amid bodies and machines in acumen and the intralogistics processes. Cray X has been accurate to assure the bloom of the workforce, abate the accident of accidents and decidedly access their abundance and efficiency. The all-around bazaar aggregate for exoskeletons is estimated to be over US $20 billion by 2030, according to arch analysts.
“With our groundbreaking automatic technology that combines animal assignment with the automated Internet of Things (IIoT), we actually strengthen the boutique attic workers’ backs in an actual and acceptable way. Measurable abstracts underscores that this ultimately increases abundance and the ability of the assignment done,” said Armin G. Schmidt, CEO of German Bionic. “The bazaar for acute human-machine systems is huge and we are now altogether positioned to booty a aloft allotment and essentially advance abundant alive lives.”
This abstruse innovation, which puts bodies at the centermost of the Fourth Automated Revolution (Industry 4.0), has becoming the Cray X and German Bionic abounding awards. These accommodate the 2019 Bavarian and German Entrepreneur Awards, the “Land der Ideen” (“Land of Ideas”) and Automatica awards, as able-bodied as the Good Design Award Japan and a choice for the acclaimed Hermes Award at the Hannover Messe.
Michael Motschmann, Managing Partner of MIG AG, added: “So far, accretion ability and announcement bloom in manual, concrete assignment acquire been all but mutually exclusive. German Bionic has not alone managed to breach through this paradigm, but additionally to digitize the activities and alluringly accommodate them into the Acute Factory. We see immense abeyant in the aggregation and are decidedly blessed to be able to assignment with a capital aggregation of accomplished entrepreneurs and engineers.”
After wealthpilot, Temedica, Neracare und Innatera, German Bionic is the fifth adolescent aggregation to accompany MIG Fonds’ portfolio in 2020. This increases the accepted portfolio to 28 start-ups. Michael Motschmann, General Partner of MIG AG, said: “In alongside with the abundant success of our portfolio aggregation BioNTech, we are befitting a aerial breeze of new investments this year. We map capital trends in the areas of digitization, the automated Internet of Things and added deep-tech fields. German Bionic Systems accordingly fits altogether into our portfolio of groundbreaking and future-oriented technology start-ups.”
About MIG AG
MIG Verwaltungs AG (MIG AG) is a arch German VC investor. The MIG Fonds accommodate adolescent companies with the banking agency to set up and accounts advance in the fields of abysmal tech and activity science. In the accomplished six years, MIG AG has auspiciously awash the portfolio companies SuppreMol (to Baxter International, 2015), sunhill technologies (Volkswagen, 2015), Ganymed (Astellas Pharma, 2016) and SILTECTRA (Infineon, 2018) and accurate the IPOs of BRAIN (2017), NFON (2018), BioNTech (2019) and Immatics (2020). Currently, the MIG beforehand portfolio includes 28 companies.
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Contact:Dr. Oliver KahlPrincipal of MIG AG 49-89-94382680
Media contact:MC ServicesJulia Hofmann ( 49-89-210228-0)Catherine Featherston, ( 49 170 1137 305)Shaun Brown ( 44-7867-515918)
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