EBRD Venture Capital, the tech fund of the European Bank for Reconstruction and Development (EBRD), is supporting Nomagic, a Polish-based provider of robotics solutions, by leading a US$ 44 million (€41.9 million) Series B fundraising round including co-investments from Khosla Ventures and Almaz Capital.
The EBRD’s investment will support Nomagic’s product development activities, as well as sales and marketing efforts.
Nomagic provides autonomous intelligent robots for logistics, e-commerce and retail companies, supporting their automation efforts. Its proprietary artificial intelligence (AI) technology and vision language models empower businesses to automate e-commerce and multichannel fulfilment processes, enhance productivity and reduce operational costs. Nomagic’s robots operate 24/7, even at night and over the weekend, with very little oversight, providing customers with high returns on investment thanks to its robot-as-a-service model.
The warehouse industry is seeing growth in the adoption of robotics, with AI-driven robotic picking solutions filling a critical gap in the automation process. These advances are driving significant interest from industries seeking to optimise operational efficiency and address labour shortages, with demand growing in sectors such as fashion, general merchandise, pharmaceuticals and groceries.
“This funding round is a significant milestone for Nomagic as we expand our solutions to meet the increasing demand for high-performance robotic systems functioning at scale,” said Kacper Nowicki, CEO of Nomagic. “With the backing of our investors, we are well positioned to become the preferred partner for major retailers, e-commerce distributors and 3PLs seeking proven robotics solutions already operating at scale.”
Bruno Lusic, Associate Director at EBRD Venture Capital, said: “We’re excited to be supporting Nomagic as it continues to break new ground in this dynamic industry. Its proven track record in deploying advanced AI and robotics technologies, combined with its impressive growth trajectory, positions the company as a leader in the warehouse automation revolution.”
EBRD Venture Capital is the Bank’s €250 million fund investing in early and growth-stage technology companies in central and eastern Europe and beyond.