Nomagic closes $44 million mixed equity and venture-debt package
Nomagic closed a $44 million financing package led by EBRD Venture Capital that includes previously signed EIB venture debt.
Evidence notes
- Nomagic said the $44 million package was led by EBRD Venture Capital, with continued support from Khosla Ventures and Almaz Capital.
- The disclosed package includes previously signed venture debt from the European Investment Bank; the equity and debt split was not disclosed.
- Nomagic said the capital would scale European deployments and continue investment in its AI and robotics technology.
Company context
Nomagic develops AI-powered robotic picking, packing and sorting systems for warehouse and fulfillment operations.