Dexory raises £8.5m in Series C follow-on funding from the British Business Bank
The British Business Bank has backed the warehouse robotics provider as part of its recent Series C round.
Share allotment filed at Companies House
Dexory offers real-time warehouse data intelligence by combining autonomous robots with an artificial intelligence platform. The business provides logistics and manufacturing operations with comprehensive supply chain visibility.
Dexory has secured £8.5m in a Series C follow-on funding round from the British Business Bank. The investment forms part of a wider financing effort that included participation from Eurazeo, LTS Growth, Endeavor Catalyst, and existing backers. The capital will be deployed to drive product development and support international expansion into new markets and sectors.
The company operates a full-stack platform that uses autonomous robots and digital twins to track warehouse inventory and operations. Its technology is currently utilised by major global logistics firms and manufacturers. The fresh injection of capital is intended to scale its proprietary dataset and AI models further.
Investor perspective
"The UK consistently produces companies with market-leading technology, which need greater domestic backing to scale globally. The Bank is stepping up to ensure companies like Dexory have the capital they need to innovate and expand here in the UK. We are working with fund managers to create deeper pools of capital and are increasing the scale of our co-investing activity, which directly increases the size of funding rounds for high-potential UK companies."
Leandros Kalisperas
Chief Investment Officer, British Business Bank
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Eurazeo
Leandros Kalisperas
British Business Bank
LTS Growth
Endeavor Catalyst
Atomico
DTCP
Latitude
Lakestar
Elaia
Wave-X
