“We chose MML because of their unique partnership approach and our shared vision on the future opportunities.”

Nicolas Hess, Sven Manutiu and Christian Voigt, Co-Founders, Roboyo

Roboyo

roboyo.global
Growth capital and M&A support to accelerate international expansion.

The business

High growth, market leading consultancy helping blue-chip corporates implement and manage intelligent automation and robotic process automation.

The deal

The Roboyo team had created a business delivering strong organic growth of >70% per annum, but their ambitions extended beyond this. To create a truly global automation leader, they recognised the need to expand beyond their DACH heartland, continue to invest into their proprietary automation solutions and bring on board top talent. MML invested for a minority stake alongside Christian, Nic and Sven in 2020. We are now working alongside the team to accelerate expansion plans, in particular leveraging MML’s UK and US presence to drive growth in those markets.

Fund
Partnership
Region
Europe
Deal Status
Current
Sector
TMT

Catch up with Co-Founder, Nicolas Hess, six months post investment.

Can you tell us what motivated you to found Roboyo?

Christian and I were working at a big four consulting firm and were staffed on an automation project at a large re-insurance company. We quickly realised that the specialist automation expertise within the firm and the broader market was limited and so, together with our co-founder Sven, we decided to start Roboyo, a pure-play automation practice with a real depth of technical expertise.

How has the automation market developed since you started in 2016?

Automation software vendor UiPath was just getting going when we started. It has recently listed at a valuation of $30bn, which tells you all you need to know about how fast the RPA and IA market has evolved and grown. Corporates are increasingly recognising the advantages of automation, not just to deliver cost and efficiency savings, but importantly to drive customer service and focus employees on more rewarding, value add tasks. However, as with any process change or software implementation, unless it is delivered and managed effectively, the upsides will not be realised. That’s where Roboyo comes in.

What led you to seek funding in 2020?

There are still relatively few pure-play automation consulting practices globally. We recognised that to really capitalise on the opportunity to become the global leader we were going to need some help. This was across a range of areas, but included support to manage our international expansion and to accelerate this through selective M&A.

How has the journey been so far?

Busy! We have launched greenfield in the UK and France, welcomed senior recruits into our US team, and launched an updated brand and website. We have also completed two highly strategic acquisitions, and with that welcomed a large number of talented new colleagues. On top of that, Sven and myself have also welcomed children into the world!

Related news

Roboyo ramps up global expansion with strategic acquisition of Procensol
MML is delighted to have supported Roboyo in its acquisition of Procensol, a global powerhouse in low-code app development. Already established as the world’s largest hyperautomation professional services company, this latest tie-up will offer Roboyo’s clients a new level of digital transformation, impact and hyperautomation opportunity going forward – opening the door to endless new possibilities.
Roboyo strengthens its offering with two strategic acquisitions
We are delighted to have supported Roboyo in further strengthening its consulting, training, Business Process Management (BPM) implementation and cybersecurity capabilities with the acquisitions of Lean Consulting and WeMake. The addition of both businesses will further consolidate Roboyo’s strategy for global growth, boosting its presence to over 500 employees at locations in 20 cities, across 13 countries.
Roboyo strengthens its US presence by joining forces with JOLT Advantage Group
We are delighted to have supported Roboyo in further consolidating its global leadership position, strengthening the group’s North American presence with the acquisition of JOLT Advantage Group.
Roboyo joins forces with AKOA to create the world’s largest intelligent automation professional services firm
The combination with AKOA strengthens Roboyo’s global presence, and the enlarged firm’s clients are now able to benefit from its 230 employees located in 16 cities, across 9 countries and 3 continents.
MML Capital invests In Roboyo
MML Capital Partners is excited to announce its fourth deal in the last few weeks completing a significant investment into Germany’s leading robotic process automations (“RPA”) service provider, Roboyo.

Associated deal team

Luke Jones

Partner
Europe

Amar Shanghavi

Investment Director
Europe

William Stewart

Investment Manager
Europe

Sara Neves

Investment Associate
Europe

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