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Europe’s 10 fastest-growing robotics startup teams

Europe’s 10 fastest-growing robotics startup teams

Summary:

Sifted digs into Dealroom data to find out which robotics team have scaled the most across a positive 2023 for the sector By 2023 standards, European robotics startups are having a good year.  The sector has picked up $2bn in 2023 so far, according to Dealroom, falling only slightly from the $2.6bn and $2.4bn raised […]

Sifted digs into Dealroom data to find out which robotics team have scaled the most across a positive 2023 for the sector

By 2023 standards, European robotics startups are having a good year. 

The sector has picked up $2bn in 2023 so far, according to Dealroom, falling only slightly from the $2.6bn and $2.4bn raised during the boom years of 2021 and 2022. Across European tech as a whole, funding has dropped more than 40% this year.

The sector has seen a handful of nine-figure raises in 2023, with Birmingham-based autonomous vehicle (AV) company Conigital picking up the biggest of the year, bagging a $400m Series A in September. 

Compatriot CMR Surgical raised $165m and Switzerland’s Distalmotion brought in $150m — with both looking to expand their surgery robotics businesses. UK-based AV scaleup Oxbotica also raised a $140m Series C.

So which robotics startups have seen the biggest headcount growth across a positive 2023 for the sector? Sifted digs into data from Dealroom to find out. Startups needed to have raised $50m or more and have over 10 employees to make the list.

Moon Surgical

Moon Surgical’s robotic surgical assistant, Maestro, help surgeons during minimally invasive soft tissue surgery. 

Its robotic arm and operating system as-a-service received permission to sell its products in Europe in September, and it’s also awaiting FDA approval to launch in the US. It expects a limited market release in 2024 before a larger commercial launch the following year.

Moon has raised $92.1m since 2019, including a $55.4m round in May this year, featuring investors such as Sofinnova Partners and Nvidia.

Founded: 2019

HQ: Paris, France

Team growth last 12 months: 92% to 46 employees

Total funding: $92.1m

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Manoj Thacker

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