Lightspeed Backs Robotics Startup in $100 Million Round

RobCo makes robots for use in manufacturing.Source: RobCo

RobCo, a German startup that makes robots for use in manufacturing, has raised $100 million in financing from investors, including the investment arms of the Agnelli family’s Exor NV and a billionaire Toyota dealer.

Lingotto Investment Management, which is owned by Exor, led the funding round with Lightspeed Venture Partners, RobCo said in a statement on Thursday.