BOW's Robotics Revolution: Praetura and NPIF II Fuel Growth

Deal News | Jan 27, 2025 | praetura ventures

BOW's Robotics Revolution: Praetura and NPIF II Fuel Growth

Praetura Ventures and NPIF II have invested in BOW, a robotics software provider, as part of a £4m seed round led by Northern Gritstone. Originally a University of Sheffield spin-out, BOW offers a platform simplifying robotic complexities, encouraging innovation. As the robotics market is anticipated to hit $260 billion by 2030, BOW’s SDK stands out by facilitating integration across diverse systems. Recent developments include appointing Raspberry-Pi Co-Founder Liz Upton as Chair of the Board, highlighting BOW’s strategic commitment to solving portability issues across robotics manufacturers and systems.

Sectors

  • Robotics
  • Investment
  • Software Development

Geography

  • United Kingdom – BOW originated from the University of Sheffield in the UK, and Praetura Ventures is based in the region.

Industry

  • Robotics – The article discusses BOW, a company developing software to facilitate robotics programming and integration.
  • Investment – The article focuses on a seed investment round, indicating its relevance to the venture capital and investment industries.
  • Software Development – BOW provides a software development kit (SDK) specifically targeting the robotics sector.

Financials

  • £4m – Total seed round investment amount for BOW.

Participants

NameRoleTypeDescription
BOWTarget companyCompanyA robotics software provider offering a platform to simplify robot programming.
Praetura VenturesInvestorCompanyPart of the investment team for BOW's seed funding round.
Northern GritstoneLead InvestorCompanyLed the £4m seed investment round for BOW.
NPIF IIInvestorCompanyProvided part of the investment from the Northern Powerhouse Investment Fund II.
University of SheffieldOriginCompanyThe institution from which BOW was spun out.
Liz UptonChair of the BoardPersonCo-Founder of Raspberry-Pi, now serving as Chair of the Board for BOW.