Nomagic raises $44M to expand robotic picking deployments across Europe
EBRD Venture Capital leads a financing package that includes previously signed EIB venture debt.
Nomagic announced $44 million in financing on 26 February 2025, led by EBRD Venture Capital with support from existing investors Khosla Ventures and Almaz Capital. The headline amount includes previously signed venture debt from the European Investment Bank. The company will use the capital to expand European deployments and develop its AI and robotics technology.
The Warsaw company supplies robotic picking and handling systems for fashion, general merchandise, pharmaceuticals and groceries. It identified deployments with customers including Apo.com, Arvato, ASOS, Brack, Fiege, Komplett and Vetlog.one, and planned to increase the number of customer sites operating more than 10 robots.
Nomagic reported 220% growth in contracted annual recurring revenue during 2024 and targeted a further 200% increase in 2025. These figures describe contracted ARR and a growth target. Data collected from its deployed robots will also support development of multimodal models for warehouse manipulation.