High-Tech Gründerfonds sells shares in Magazino to Siemens Novel Businesses

Logo_magazino3High-Tech Gründerfonds (HTGF) has sold its shares in Munich, Germany-based Magazino to Siemens Novel Businesses.

Founded in early 2014 by Frederik Brantner, Lukas Zanger and Nikolas Engelhard, as a spin-off of Technical University Munich, Magazino develops solutions for cognition-controlled, autonomous systems in the logistics sector. Its first product, a picking robot has already been introduced to pharmacies. This system accelerates the storage and taking out of storage processes while occupying less space.

High-Tech Gründerfonds and two business angels seed funded the company in May 2014.




Join the discussion