Magazino raises €20.1 million for its warehouse picking robots

Magazino, a Munich-based robotics startup, has raised €20.1 million led by Körber Group with participation from Cellcom, Zalando, and Fiege Logistics. Magazino builds automated robots for intralogistics, such as in warehousing, order picking, and assembly. Its chief hardware product is the mobile order picking robot TORU that uses 3D cameras and sensors to gain a […]

HV Holtzbrinck Ventures closes €306 million fund to back young startups

HV Holtzbrinck Ventures, the German VC firm, has announced its seventh fund of €306 million to back young startups at the seed and Series A rounds. Initial investments will be anywhere between €500,000 and €5 million with follow-on investments reaching as far as €40 million. The new fund, dubbed Fund VII, was closed within three […]

Fashion magnate Anders Holch Povlsen invests in Sweden’s Klarna

Brightfolk, the fashion firm owned by Danish entrepreneur Anders Holch Povlsen has invested in Swedish ecommerce company Klarna. Povlsen is also the owner of Bestseller, whose brands include Jack & Jones and Vero Moda, and is an investor in ASOS and Zalando. The terms of his investment in Klarna were not disclosed but Reuters reports […]