Glasgow robotics company secures funding with help from Harper Macleod
A Glasgow technology company has secured a fresh round of funding from the billionaire founders of Skype and Bolt, along with Iron Wolf Capital, Specialist VC and Scottish Enterprise, to further bolster its growing fleet of robotic lawn mowers for large lawns.
Kingdom Technologies, established in 2018 by Joan Kangro, will use the £1.4m funding, which also includes grant support from Scottish Enterprise, to develop a new version of their mower and produce more than 100 units this year.
Kingdom Technologies has been supported in this, and previous funding rounds, by investment specialists at Harper Macleod since 2019.
Since securing £2m in seed funding 18 months ago, Kingdom Technologies has doubled its headcount to around 20 people, and seen a surge in customer activity in Florida, primarily cutting sports fields which generally require cutting heights between 20-60 mm. The new version of the mower will be able to cut up to 100 mm, and handle rougher terrains to maintain commercial campuses, parks and other large lawns in the US.
Rachel Miele, a senior solicitor in the corporate, commercial and regulatory team at Harper Macleod, said: “Joan and his team are quickly growing Kingdom Technologies into a global company, underpinned by robust technology and a diverse range of investors who can support them in their ambitions. This follow-on investment is the second chapter in what promises to be an exciting story and sets the company up for a more significant fundraising exercise towards the end of this year.
“Joan has attracted funding from some well-known investors who will not only raise the global profile of the company and its technology, but also support the development of new robots and open up new markets.”