ZenRobotics to Raise €13 Million for Growth, Global Presence, World Domination
HELSINKI, September 18, 2012 /PRNewswire/ --
- ZenRobotics Ltd. starts explosive growth, provides the world's first robotic waste sorting system, ZenRobotics Recycler™, to customers all over the world.
ZenRobotics Ltd. the world leader in robotic recycling today announced it is raising €13 million (approximately USD 17 million) from Invus, an international equity investor with evergreen capital. Lifeline Ventures, a Finnish technology accelerator, participates with a minority stake. The funding allows ZenRobotics to grow and to commercialize its ZenRobotics Recycler product on a global scale.
(Photo: http://photos.prnewswire.com/prnh/20120918/562637-a )
(Photo: http://photos.prnewswire.com/prnh/20120918/562637-b )
The company's main product, ZenRobotics Recycler (ZRR), is a revolutionary robotic waste sorting system. The ZRR system currently reclaims valuable raw materials from construction and demolition waste, with industrial robots controlled by artificial intelligence. The system offers significant savings in disposal costs by identifying and picking valuable raw materials that would otherwise be lost. Payback time is estimated at less than a year.
"The fantastic ZenRobotics team has created a product that is unique; it will be a tough act to follow. After an intensive research and product development phase we're now shipping: the world gets ZenRobotics Recycler! Our continued partnership with Invus opens great possibilities. We can now go global, fast. The robotic revolution in recycling is closer than ever!", says Juho Malmberg, CEO, ZenRobotics Ltd.
"Invus has now worked with ZenRobotics for a year and we're excited. The team is exceptionally capable and ready to go global. The revolutionary ZenRobotics Recycler sorting system has improved in leaps, and attracts customers globally. We're now investing in high-powered growth", says Wassim Sacre, Director, Invus.
ZenRobotics Ltd. brings high technology to recycling. The company's main product is ZenRobotics Recycler, an artificial intelligence controlled robotic recycling system, which reclaims valuable raw materials. The system is marketed globally, through a reseller network in 49 countries. ZenRobotics, headquartered in Helsinki, Finland, is a privately held company owned by its founders, management, key personnel, and investors.
Invus is an international equity investor with over $4 bn of evergreen capital under management. With offices in New York, Paris, London and Hong Kong, Invus invests in a variety of equity transactions, including buyouts, venture and growth capital, and long-term public equity investments. Invus manages interests in a broad range of industries, including technology, biotechnology, medical devices, renewable energies, consumer goods and services. The Invus team draws on its broad experience to partner with entrepreneurs and owner-managers to transform their industry and execute strategies that maximize long-term value.
Lifeline Ventures is a Finnish technology accelerator that invests in companies and teams looking to radically change the industries they operate in. Run by serial entrepreneurs, Lifeline takes a practical, hands-on approach to its portfolio companies, and actively helps teams successfully navigate critical moments in the life-cycle of their businesses.
http://www.lifelineventures.com
Contacts:
Juho Malmberg, CEO, ZenRobotics Ltd.
Tel. +358-40-7216002 (8-15 GMT)
[email protected]
Wassim Sacre, Director, Invus
Tel. +33-1-56-90-50-00
[email protected]
SOURCE ZenRobotics Ltd
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