Newcastle firm supports £2m funding round for London robotics startup
A Newcastle law firm has supported a multi-million pound investment round for a London-based robotics company.
The legal team at Mincoffs Solicitors provided legal advice to BotsAndUs as it secured £2m in equity funding.
Led by Kindred Capital and Capnamic Ventures the funding round also saw participation from angel investors from the UK and the US.
Founded in 2015 by Andrei Danescu, Adrian Negoita and Oana Jinga, BotsAndUs specialises in technology for robot-human collaboration across a range of industries, working with brands such as MediaMarktSaturn, dnata, Heathrow Airport and British Airways.
The firm plans to use the funding to grow its team as well as accelerate robot deployments and explore new products and services.
Andrei Danescu, CEO at BotsAndUs, commented: “We are in a great position to accelerate achieving our mission and liberate businesses from dull, repetitive and now even dangerous work, so their employees can focus on the things that bring the most value.
“We are thrilled to have such trusted and experienced investors join our cause and support the next stage of our growth. The demand for automation and robotics has seen a significant raise driven by the current global events and we’re in the best position to respond to it.”
Corporate partner at Mincoffs Solicitors, John Nicholson, added: “We have acted for BotsAndUs since 2017. They are developing interesting and unique products.
“It has been a pleasure to watch them grow the company with such success. We wish them well with their exciting plans.”
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