Support for hatchery firm
Robot mower entrepreneur raises funds for cut of lawn market
Joan Kangro: disruption
A Scotland-based entrepreneur who is aiming to revolutionise the lucrative lawncare market has secured investment of £400,000 in an initial funding round.
Estonian Joan Kangro founded Kingdom Technologies which is based in the business hatchery at University of Glasgow. Mr Kangro has developed a next-generation robot mower using AI and a patent pending mapping technology which outperforms existing products in a market estimated to be worth around £20 billion a year.
The funding has come from a collection of investors, led by European early stage investment firms Superangel and United Angels. The round includes a number of Scottish and Estonian investors.
Kingdom has developed a mapping and positioning technology that enables the fully autonomous robot to mow much larger areas than the current range.
The business, which was advised on the deal by law firm Harper Macleod, is targeting potential clients including local authorities, golf clubs and commercial premises, as well as residential premises with large gardens and other large terrains. Kingdom has already agreed multiple pilot projects with local authorities and golf courses and will start to operate the first pilots this autumn.
Mr Kangro, who has a Masters degree in mechatronics from the University of Glasgow, said: “This funding will allow us to start the commercial pilots and prepare for a large scale manufacturing.
“It is fantastic that our investors share our belief that we can disrupt this market and become the leading player from right here in Glasgow.”
The company was a winner of The Scottish Wild Card Edge competition and has been supported by Scottish Enterprise. Kingdom’s founder Joan Kangro was also chosen for a prestigious Royal Society of Edinburgh Unlocking Ambition Enterprise Fellowship that provided training, mentoring and £45,000 in funding.