Munich-based start-up Noyes Technologies has secured initial seed funding of EUR 3.2 million. The financing round, in which 468 Capital and Abacon Capital also participated, was led by GvW client Vsquared Ventures.
Noyes Technologies develops automated and highly flexible nano warehousing systems offering a space-saving and thus cost-efficient solution for the logistics of industrial and retail companies of all kinds. Use cases of the technology developed by the company include, for example, distribution in inner city areas through quick delivery services (quick commerce).
For Vsquared Ventures this investment fits its strategy of investing in early-stage technology-oriented companies. The investment focus of the Munich-based venture capital firm includes robotics as well as New Space, quantum computing, New Materials and AI.
GvW advised Vsquared Ventures in this transaction with a Frankfurt team consisting of Titus Walek (lead), Jan Hüniken (both venture capital), Karsten Kujath (employment) und Dr Joachim Mulch (IP).
More information on Noyes Technologies in the Handelsblatt.