Robotics fund aims to commercialise breakthrough technologies

Chrysalix Venture Capital and RoboValley, a centre for robotics commercialisation located at Delft University of Technology in the Netherlands, have announced a fund, with a target size of €100 million, aimed at driving the global robotics revolution by identifying, investing in and commercialising breakthrough robotics technologies.

"Global technology in robotics is advancing very quickly, yet today there is no international pure-play venture capital fund focused on robotics and so closely aligned with a robotics ecosystem. Many breakthrough technologies are stranded in universities and national labs with insufficient early-stage funding available to help them commercialise and scale," said Mike Sherman, managing partner of the RoboValley Fund.

"Robotics is predicted to be the next big step in the digital revolution, having an unprecedented impact on the way that we live, and provides an answer to some of the grand challenges of the 21st century," said Arie van den Ende, managing director, RoboValley.

The RoboValley Fund will connect novel robotics technology and market demand by leveraging the RoboValley Innovation Hub and TU Delft Robotics Institute with Chrysalix's network of corporate and financial limited partners to identify the most pressing industry problems and market needs that breakthrough robotic solutions could solve.