Squire Patton Boggs has advised Roboyo, Germany’s leading robotic process automation (RPA) service provider, on a €21 million investment by MML Capital Partners, a leading growth capital investor with offices in London, Paris and New York.
The team advising Roboyo was led by Corporate partner Kai Mertens in Berlin and included Sepp Wohlfarter in Berlin, Tim Stead and Matt Canipa in the UK and Matthew Holman and Sarah Wolf Reust in the US.
Founded in Nuremberg in 2016 by Christian Voigt, Nicolas Hess and Sven Manutiu, Roboyo is a global market leader for intelligent automation. Today, the group serves more than 120 international clients across a range of industries, including insurance, banking, pharmaceuticals and consumer goods. Roboyo has more than 100 automation experts, across six international locations in Europe, the US and India, who develop new and innovative solutions to enable the automation of customers’ business processes. With this investment, the company intends to further advance its internationalization and invest in innovative service development such as Automation-as-a-Service.
“RPA is a growth area of software innovation in business processing globally. We are delighted to support Roboyo on this significant transaction, which will facilitate its investment and growth strategy,” says Kai Mertens.