Britbots' Scale-Up Fund Closing Soon - Britbots

Britbots creates funding and support solutions to maximise the value-growth of those companies developing the next generation of intelligent autonomous machines that promise to transform our world. 

Launched earlier in 2019, the British Robotics Scale-Up Fund is soon to close, raising £8 million in funds to accelerate a select set of fast-growing businesses encompassing a wide range of business sectors. Each investment made will have the potential for rapid growth and a potential exit within three to six years, although this is not guaranteed.

As labour costs increase and the price of a robot falls, the adoption and application of robotics, automation and AI technology (“RAAI”) is boosting productivity and standards-of-living all around the world. Awareness of RAAI’s potential has been driving considerable M&A activity with globally announced transactions that already exceed US$100 billion in aggregate in the first half of 2019. As home to some of the world’s leading RAAI researchers and engineers, Britain continues to be an extremely active participant in this domain.

“Since 2017, Britbots has backed fifteen UK-based RAAI businesses. The new fund is now looking to provide scale-up funding to at least eight top-performing companies,” comments Dominic Keen, Britbots CEO. Britbots will back businesses with potential for exceptional growth and minimises investor risk by diversifying its portfolio across a broad range of sectors and formats.

All Britbots fund investments are EIS-qualifying thereby delivering offering attractive tax benefits to investors and all tax certificates are anticipated to be returned to investors this year and prior to the self-assessment deadline. “AI and robotics excite forward thinking investors who are well aware of the UK’s technology prowess,” adds Jodi Bartin, CEO of investment banking firm Citicourt & Co who has partnered with Britbot to successfully deliver this 4th fund for Britbots.

For further information contact:

Dominic Keen (CEO) - dominic@britbots.com
Alex Pejacsevich (COO) - alex@britbots.com
Jodi Bartin (Citicourt & Co Limited, CEO) - jodi@citicourtandco.com
Jamie Johnson (Citicourt & Co Limited, Corporate Finance) - jamie.johnson@citicourtandco.com

 Britbots was founded in 2016 to support pioneering individuals and entrepreneurial organisations with compelling visions of a robotics-driven future. It delivers returns to investors by creating a new generation of intelligent autonomous machines that promise to transform our world.

Citicourt & Co is a leading financial services firm established in 1991 and offers buy and sell side M&A, debt and institutional equity fundraising, MBOs and restructuring, and debt and corporate finance advisory services.

References:

·         Statista forecasts the global market for industrial and non-industrial robots to reach US$498bn by 2025 - https://www.statista.com/statistics/760190/worldwide-robotics-market-revenue/

·         RoboGlobal 1H 2019 report, reports US$15.2 billion of M&A in robotics and US$88 billion in AI - https://www.roboglobal.com/insights/white_papers/robotics-automation-and-ai-ma-on-the-rise/

·       “Some of the world's leading robotics and Artificial Intelligence (AI) researchers are based in the UK, where they are working to harness the technology to address some of the biggest challenges facing humanity.” 

Britbots is a specialist UK based Pre-Seed investment fund, investing in 10 new pre-seed companies per year. We focus on companies using artificial intelligence, robotics or other automation technologies to develop productivity gains

If you are an entrepreneur looking for pre-seed or seed investment in the UK in the automation, artificial intelligence or robotics space please email alex@britbots.com