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The exits of the year

This year, many founders sold their startups. However, the Munich startup scene didn't see any IPOs in 2023. We've summarized the most important exits of the year for you.

Maximilian Feigl December 14, 2023 4 min reading time

Magazine — Magazino becomes part of Jungheinrich: This year's exits also include the acquisition of Magazino. The startup was founded in 2014 and has developed a mobile picking robot capable of intelligently navigating the warehouse and precisely picking the right boxes. The system has made its way into the warehouses of various industrial customers, online retailers, and logistics service providers, where it operates alongside humans. The startup has also developed the ACROS.AI (“Advanced Cooperative Robot Operating System, powered by AI”) software platform for intelligent robots, a modular software toolkit for the development and operation of intelligent and cooperative robots in complex and dynamic environments. In August, Magazino became part of Jungheinrich. The Hamburg-based intralogistics company acquired a stake in the startup in 2020, and in 2022, the Hamburg-based company increased its stake to 21.7 percent, culminating in a 2023 acquisition. acquired the shares of the remaining co-shareholdersThe founders also sold their shares, with Frederik Brantner and Lukas Zanger remaining with Magazino as CEO and COO, respectively. The third founder, Nikolas Engelhard, left the company in 2020. (Image: Magazino)

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