Magazino GmbH

Based in Germany, Magazino GmbH develops innovative autonomous robotics solutions for logistics, enhancing material flow automation in various industries through advanced technology and automation. Magazino GmbH specializes in autonomous logistics solutions, focusing on robots like SOTO and TORU for efficient warehouse operations. Founded in 2014 in Munich, Germany, by Frederik Brantner and Lukas Zanger, the company has completed 5 deals, with the latest being a Series B round in August 2023, where they raised EUR 21. 00 mn led by Jungheinrich AG, bringing total funding to EUR 21.

00 mn and a current valuation of EUR 129. 021 mn. Magazino GmbH focuses on autonomous logistics robotics, offering products such as the SOTO robot for small load carriers and the TORU picking robot for shoe box logistics. These solutions integrate with existing warehouse environments, improving efficiency and collaboration with human workers across diverse sectors including automotive and fashion, primarily in Europe, particularly Germany.

In 2023, Magazino GmbH reported an EBITDA of EUR 7,775,096. 10, generating revenue through B2B partnerships and fleet agreements for its robotic systems, including maintenance and support services to clients. Following Jungheinrich AG's acquisition of Magazino GmbH on August 23, 2023, plans are underway to leverage this strategic acquisition to accelerate growth, focusing on expanding product offerings and exploring new geographic markets. Future initiatives will capitalize on recent funding to enhance capabilities and potentially launch new products tailored to evolving logistics needs.