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Munich's RobCo reaches $1B valuation via employee share sale

German robotics startup RobCo has surpassed a $1 billion valuation through a secondary share sale that let long-tenured employees cash out part of their equity. Existing backers Sequoia, Lightspeed, Greenfield, Kindred, Lingotto and Promus Ventures joined new investors Cherry Ventures and European Tech Collective in the round, which follows a $100 million Series C announced in January 2026. The company plans a 2027 commercial launch of its autonomous robot Alfie, with a focus on expanding in the US manufacturing market.