British Business Bank backs Dexory's global expansion

The British Business Bank has invested £8.5 million in Dexory as part of the company's Series C funding round.

The round was led by Eurazeo, with participation from LTS Growth and Endeavor Catalyst, alongside existing investors Atomico, DTCP, Latitude Ventures, Lakestar, Elaia, Wave-X and others.

Dexory develops autonomous robots that scan warehouses and feed data into its digital twin platform, DexoryView. The system gives supply chain and logistics groups a live view of operations, including stock levels and space use.

The platform is built on operational data drawn from more than a billion warehouse location scans. Customers include logistics groups GXO, Maersk, NFI, C.H. Robinson and DHL, as well as manufacturers such as Samsung, Stellantis and GE Appliances.

The investment comes during a period of international expansion. Since its Series B round, Dexory has grown across Europe, North America and Asia-Pacific, and has established its North American headquarters in Nashville, Tennessee.

The new funding will support further product development and broaden access to its technology in additional international markets and sectors. The move comes as warehouse operators and manufacturers seek tighter control over inventories, labour use and space across large logistics networks.

Scale funding

The deal also reflects a wider policy focus on increasing the amount of domestic growth capital available to UK technology companies as they expand overseas. Through its investment activity, the British Business Bank has backed businesses seen as capable of international growth while retaining operations in the UK.

Leandros Kalisperas, Chief Investment Officer at British Business Bank, said: "The UK consistently produces companies with market-leading technology, which need greater domestic backing to scale globally. The Bank is stepping up to ensure companies like Dexory have the capital they need to innovate and expand here in the UK. We are working with fund managers to create deeper pools of capital and are increasing the scale of our co-investing activity, which directly increases the size of funding rounds for high-potential UK companies."

Dexory operates in a part of the logistics technology market where investors have focused on automation, data collection and software that helps warehouse operators respond faster to shortages, errors and changes in demand. By combining robotics with software, the company aims to provide warehouse data without relying on manual stock checks.

George Mills, Investment Director at British Business Bank, said: "Dexory is already delivering tangible value for customers, but it has clear potential to scale further. They have an extensive proprietary data set based on over a billion warehouse location scans, which continuously strengthens the AI model. This gives the company a first mover advantage in technology that could significantly improve logistics and supply chains, which underpin global trade and commerce."

Customer base

Dexory's customer list points to demand from both third-party logistics specialists and large manufacturers managing complex warehouse estates. Retail, pharmaceutical and eCommerce groups are also among the users of the system.

Unlike software groups that depend on third-party hardware, Dexory describes itself as a full-stack business that designs, builds and deploys both its robots and software directly. That structure gives it control over the flow of data from warehouse floors into its platform and may appeal to customers looking for a single supplier.

For the British Business Bank, the investment underlines its role in supporting later-stage funding rounds as UK companies seek larger pools of capital. Access to such financing has long been a concern for British technology businesses, many of which have relied on overseas investors as they reach the expansion stage.

Andrei Danescu, Chief Executive and Co-founder of Dexory, said: "We're proud to have the support of the British Business Bank as we accelerate our expansion into global markets. Our focus has always been on delivering tangible value through real-time visibility, powered by one of the industry's largest and most dynamic operational datasets. This investment enables us to advance our technology and support more organisations in building smarter, more resilient supply chains."