sewts, a Munich, Germany-based deep tech startup, closed a €7m series A financing round.
Backers included Emerald Technology Ventures, CNB Capital, EquityPitcher Ventures and Nabtesco Technology Venture and existing shareholders Bayern Kapital, APEX Ventures and HTGF.
The company intends to use the funds to accelerate the roll-out of the sewts.VELUM systems across international laundries and enter new markets, such as the processing of clothing returns in e-commerce.
Led by Alexander Bley, Co-Founder and CEO, sewts provides robots with human-like perception and grabbing skills to enable the automatic handling of deformable materials. In 2022, the company launched their first series-ready product sewts.VELUM – a robotic cell designed to help industrial laundries overcome challenging labor shortages and strengthen operating efficiencies. The system automatically picks crumpled, laundered towels and feeds them into folding machines to reduce manual workload at a human-like speed.
Furthermore, sewts is already developing additional use cases along the textile production life cycle. Its new technology is needed to overcome labor shortage, and will help achieve global climate objectives and improve human working conditions: Bringing the production and recycling of textiles closer to consumer markets will significantly reduce transportation associated CO2 emissions, overproduction and waste. Whereas the automatic production of clothes is the long-term vision of sewts, the concrete next step is the automatic handling of returned clothes in e-commerce. With the support of Otto Group, sewts has already created a prototype for this use case.
FinSMEs
10/08/2023