Quest for Growth : Capricorn Fusion China Fund invests in fruitcore robotics

PRESS RELEASE

14 December 2022

Capricorn Fusion China Fund invests in fruitcore robotics

fruitcore robotics GmbH (Germany) has closed its Series B investment round, raising € 23 million from a consortium led by Capricorn Partners and XAI Technologies, together with new investor KOMPAS and existing investors Matterwave Ventures, CNB Capital (Constantia New Business GmbH), UVC Partners and a family office that continue to strongly support the company.

fruitcore robotics, based in Constance, Germany, was founded in 2017 and currently employs around 100 people.

fruitcore empowers manufacturing companies of all sizes, especially SME to adopt automation in production and logistic processes. Their HORST robots ("Highly Optimized Robotic System Technology") significantly lower all adoption hurdles with low Capex requirement, fast implementation, intuitive programming and high productivity. fruitcore achieves these advantages through a unique combination of proprietary powertrain design, fully in-house developed software suite and robot connectivity.

Capricorn Fusion China Fund and Quest for Growth, both managed by Capricorn Partners, each invested € 2 million in fruitcore robotics.

Ke Zhang, Investment Director at Capricorn Partners comments:

Automation in the industrial settings is a long-term, powerful global trend and fruitcore robotics is sharply focused on enabling manufacturing companies of all types and sizes to adopt automation and increase efficiency. We are excited to support this high-potential innovator out of Germany and look forward to closely work with its professional management team to develop markets in and beyond Europe."

Patrick Heimburger, Co-Founder and Managing Director of fruitcore robotics comments:

With the team at Capricorn Partners, we have gained a partner with years of experience in industrial technologies and extensive know-how in strategic key markets. We are excited to further drive our international growth together and to fulfil our mission of enabling all companies to automate even faster."

About Capricorn Partners

Capricorn Partners is an independent European manager of venture capital and equity funds, investing in innovative European companies with technology as competitive advantage. The investment team of Capricorn is composed of experienced investment managers with deep technology expertise and a broad industrial experience. Capricorn Partners is managing the venture capital funds‐ Capricorn Sustainable Chemistry Fund, Capricorn Digital Growth Fund, Capricorn ICT Arkiv, Capricorn Health tech Fund, Capricorn Cleantech Fund and Capricorn Fusion China Fund. In addition it is the management company of Quest for‐ Growth, quoted on Euronext Brussels, and the investment manager of Quest Cleantech Fund and Quest+, sub funds of Quest Management SICAV, registered in Luxembourg.

www.capricorn.be