UK robotics start-ups get boost with launch of specialised fund
In order to capitalise on the burgeoning robotics market, High Growth Robotics Ltd will invest in 12 businesses a year via its dedicated seed fund
The first ever investment fund focused on UK-based robotics start-ups has launched today with the hopes of creating the “world’s finest robotics businesses”.
Ran by High Growth Robotics Ltd and managed by Sapphire Capital Partners, the British Robotics Seed Fund – open to SEIS-qualifying companies – will invest in 12 early-stage robotics companies every year and will focus on robots for the home, logistics, construction, and agriculture.
High Growth Robotics Ltd is led by Dominic Keen – a serial entrepreneur who floated his last business on the London Stock Exchange – who believes that “the British Robotics Seed Fund is ideally positioned to ensure that these companies are able to maximise their future success”.
The launch of the fund comes at a time when the robotics industry, according to data from Tractica, is set to grow at rates in excess of 45% – with the global market predicted to reach a quarter of a trillion dollars by 2021.
Boyd Carson, CEO of Sapphire Capital Partners LLP, said of the launch:
“Robotics represents one of today’s most exciting investment themes and investors now have the opportunity to enhance their portfolio with a mixed basket of exciting early-stage robotics businesses whilst also befitting from the significant tax advantages of SEIS”.