Bot-Hive secures £250k in a funding round led by the Development Bank of Wales
The investment from the Development Bank of Wales and Britbots will fund new headquarters and staff in Cardiff.
Bot-Hive operates a digital marketplace that links small businesses with suitable automation technology and robotics solutions.
Bot-Hive has secured a six-figure equity funding round of £250k led by the Development Bank of Wales, with participation from existing backer Britbots and six angel investors. The Cardiff-based marketplace for robotics and artificial intelligence will direct the capital towards establishing its headquarters on Wellington Road in Cardiff, supporting existing staff and funding three new hires.
The company connects small and medium-sized enterprises with appropriate automation technology to improve workflow processes. This latest investment follows backing from its pre-seed lead investor Britbots, with the firm maintaining its support as Bot-Hive expands its operational footprint across the UK and Europe.
From the founder
"We are delighted to have closed this round of fundraising and very pleased to welcome the Development Bank of Wales, as well as the new angel investors. We’ve worked closely with them all over the last few months and they have shared our excitement as we demonstrated how we intend to provide a unique platform for all those consumers in the robot industry."
Jacques Bonfrer
CEO and co-founder at Bot-Hive
Investor perspective
"Automation and robotics have a crucial role in the future of multiple industries not only in Wales, but throughout the UK and globally. Bot-Hive is a conduit between the automation industry and businesses. The Bot-Hive team is ideally placed to play an influential role in this sector over the coming years. They have a clear growth strategy and industry knowledge and we are delighted to be able to support them through the Wales Technology Seed Fund."
Sarah Smith
technology ventures team, Development Bank of Wales
Use of funds
- 01Grow the team
- 02Build out infrastructure
