Coalescent Mobile Robotics closes seed funding round

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Coalescent Mobile Robotics, a Danish company that creates autonomous mobile robots (AMRs) for retailers, has closed its seed funding round. The company did not disclose how much it raised, and the round was led by SuperAngel and EIFO. 

The company’s AMRs can help retailers with their in-store transportation needs and address workflows like order fulfillment, restocking, garbage collection, and more. Coalescent’s robots can navigate safely and autonomously in the aisles of stores during the day and alongside people to help cut down the amount of walking done by associates. 

Coalescent’s flagship robot is Serena, an AMR that can reach a max speed of 1.5 m/s and can run for 3 hours on a 15-minute charge. Serena can slide under trolleys and carts and transport them across stores, with a maximum payload of 250 kg.

“We are very excited to be making our first deal in Denmark, given our focus on the Nordics and deeptech. We were impressed by seeing the Coalescent Mobile Robotics in action in the Bilka store, how friendly and welcoming both the clients and Bilka employees were towards them and how intuitive and comprehensive the fleet management software is. We think Coalescent Mobile Robotics has demonstrated a great partnership with Bilka and will go on to ease the heavy physical labor in many other stores across the globe, the same way we’ve seen robots in our other portfolio companies like Starship and Rocsys help their clients,” SuperAngel Venture Partner Kart Siilats said. 

Coalescent plans to use the funding to develop the next generation of its AMRs and expand into other European markets. The company hopes to launch these next-generation robots with more capabilities than its current AMRs in the second half of this year. 

“There is a massive potential in solving the critical lack of automation in retail. Coalescent Mobile Robotics helps psychical retailers [adapt] to the future with a declining workforce, changing habits and pressure from competition and new business models,” Investment Manager in EIFO Simon Frederik Øelund said.

“We are happy to welcome aboard SuperAngel, along with all our current investors continuing on this journey with us. This investment will allow us to scale in [the] UK, France along with other European markets,” Clionadh Martin, founder and CEO of Coalescent Mobile Robotics, said.

Coalescent was founded in 2018 by Clionadh Martin with the aim to revolutionize retail operations with smart and flexible AMRs that can perform various tasks in stores. Its customers include retailers in Denmark like Salling Group and Bilka.