FCF Fox Company Finance GmbH is happy to publish the “Robotics Enterprise Capital Report – 2023”.
The report is a part of the “FCF DeepTech Collection”, which is a quarterly sequence of studies monitoring European enterprise capital funding tendencies inside 4 most important DeepTech verticals.
Key findings are:
- The Robotics Enterprise Capital sector faces important downwards pattern: after a peak in 2021 with €1.9bn in funding quantity throughout 384 transactions, funding exercise has repeatedly declined, leading to solely €1.0bn of capital raised inside 170 offers in 2023 (Q3 YTD). This means that the VC winter has now arrived within the Robotics sector as properly.
- Funding volumes are strongly pushed by mega offers: since 2021, yearly whole funding volumes had been primarily pushed by mega offers (>€100m):
- 2021 with CMR Surgical (€497m, €239m), Agile Robots (€184m, €107m), Skyports (€116m) and eCential Robotics (€100m) – 52% of whole quantity
- 2022 with Exotec (€295m) and Scandit (€132m) – 23%
- 2023 with Distalmotion (€142m) and CMR Surgical (€142m) – 28%
- 70% of robotic IPOs had been in Scandinavia by Scandinavian corporations: Regardless of a low variety of VC offers within the Scandinavian nations, the vast majority of IPOs – 7 out of 11 in whole since 2018 – had been positioned there on the NASDAQ OMX or the Oslo Inventory Change. Nevertheless, these IPOs are small IPOs with volumes within the low double-digit and even single-digit million vary. The one exception was the mega-IPO of AutoStore Holdings in 2021 with a quantity of €1.9bn. This means that the general public capital market is a viable choice for fundraising start-ups within the Nordics.
- Strong M&A exit atmosphere for robotic start-ups: After a sluggish yr 2021 with solely 2 M&A exits a report yr 2022 with 11 M&A transactions adopted. The yr 2023 additionally reveals a strong M&A atmosphere with 6 offers YTD. It may be assumed that the presently troublesome financing atmosphere influences that improvement.
To entry the total report, please click on right here.
By Florian Theyermann and Daniel Klier.