Automation is one of the biggest growth drivers in the intralogistics sector, as per the robotics company, Magazino. Double-digit growth rates are expected in this segment in the coming years. This trend is driven above all by the persistently strong growth in online trade and the global shortage in logistics specialists, particularly forklift operators. In order to ride this growth wave, Magazino has raised €21M.
Series B & financing from EIB
The Munich-based robotics company Magazino has raised €21M in its Series B round of funding. The round was led by intralogistics giant Jungheinrich and the European Investment Bank, with existing investors also participating.