Series A27 June 2023

Dexory secures £15m Series A funding led by Atomico for international expansion

Atomico led the Series A round with participation from existing investors including Lakestar, Kindred, and Maersk Growth.

£15.0MSeries A

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 raised £15m in a Series A funding round led by Atomico. The capital will support international expansion into the US and Europe alongside team growth and product development.

Existing backers Lakestar, Kindred, Capnamic, and Maersk Growth also participated in the financing. Alongside the investment, Ben Blume of Atomico will join the board of directors.

The company combines autonomous data capture robots with its DexoryView platform to map and simulate warehouse operations. The technology aims to address stock accuracy issues and streamline logistics performance.

From the founder

"For those operating warehouses, ensuring 100% fulfilment ‘in time, all the time’ is crucial to meeting the demands of the modern consumer. A critical component to achieving this is high stock accuracy, but staff shortages, manual processes, and the speed demanded by customers means that critical decisions across the supply chain are currently being taken blindly,"

Andrei Danescu

CEO and Co-Founder at Dexory

Investor perspective

"We’re hugely excited by the promise, and market traction, of Dexory’s technology with leading global logistics companies like Maersk and Menzies Aviation. Through creating a digital replica of the warehouse with their advanced robotic data capture technology, they are able to deploy a platform that is not only seamless and intuitive, but provides powerful and actionable insights too."

Ben Blume

Partner, Atomico