Exit: Universal Robots

Universal Robots

In 2015, the Danish robot company Universal Robots was sold to US Teradyne for DKK 1.9 billion. Universal Robots has developed a lightweight and flexible robot that can take over monotonous and exhausting routines in the production of companies in all industries.

In 2008, Vaekstfonden invested in the company, which then consisted only of the three founders, a single employee and a robot. The venture capital boosted marketing and sales. In just six years, revenue went from DKK 1.5 million. to approx. DKK 253 million. The company currently employs more than 100 employees in its headquarters in Odense.

We have used the investment to lead the company from the development phase to the market. This applies to both product and market development. I have not yet seen a saturation of the market. It seems that there are endless possibilities for introducing our robots in the industry."

- Enrico Krog Iversen, former CEO in Universal Robots

About Universal Robots

Founded:
2005
Product:
Robot equipment
Investment:
Equity from VF Venture in 2008 – exit in 2015