Robotical, maker of the educational robot Marty, has received seed investment of £285,000, allowing the company to scale its manufacturing operation, create new jobs and target export markets in 2018.
The investment round follows a crowd funding campaign on the Indiegogo platform that raised £90,000 for the company in 2016.
The company was founded in 2016 by Dr Sandy Enoch, who was supported by LAUNCH.ed when studying for his robotics PhD and won the 2015 Innovation Cup in LAUNCH.ed’s annual Inspire Launch Grow competition.
Marty, Robotical’s first product, is a fully programmable robot that can walk, dance and play football. Sandy established Robotical because he wanted a real robot to help his niece learn how to code, and to meet demand from makers, educators and hackers for a reasonably priced robot.
With support from Edinburgh Innovations, Dr Enoch went on to secure a Royal Academy of Engineering Enterprise Fellowship, which funded and guided the early development of his company. He has also been supported by Edinburgh Innovations’ Virtual Board scheme.
The latest investment comes from five angel investors with experience across the IT, manufacturing, gaming and Robotics sectors. Rob Dobson, Chairman of DevicePilot and Float; Gareth Williams, CEO of Skyscanner; Donald Houston, Director of Rain Dance Investments; Professor David Lane, of the Edinburgh Centre for Robotics; and David Doak, formerly of video game group Rare will work closely with the Robotical team to take advantage of the growing educational robotics market.
Dr Enoch said: “I can’t imagine a better group of people to have on board to help take Robotical to the next level and fulfil the company’s dream to get more kids excited about robotics.”
Robotical aims to inspire the next generation of roboticists and engineers, at a time when governments are emphasising the importance of STEM (Science, Technology, Engineering, Maths) education.
Rob Dobson said: “It is fantastic to be working with the exciting Robotical character, Marty, to bring a new face to education in STEM subjects.”