Launchpad, the AI-first robotics company powering real-world assembly automation, today announced PXN Ventures as a new investor. This builds on the company’s oversubscribed, $11M Series A fundraising, announced in October 2025.
PXN Ventures forms part of PXN Group, which has £700m AUM across over 120 portfolio companies after launching in November 2025 following the merger of Par Equity and Praetura Ventures. The VC champions high growth businesses based in the North of the UK that are actively transforming their sectors.
Launchpad’s investment syndicate includes a mix of specialist VC funds like Lavrock Ventures and Squadra Ventures as well as strategic investors such as Ericsson Ventures, CX2 and Lockheed Martin Ventures. The company also has financial backing and ongoing support from major Scottish organizations: the Scottish National Investment Bank and Scottish Enterprise.
Automation is mission-critical for manufacturers that wish to be globally competitive. It is also a prerequisite to reindustrialize and reshore. Current geopolitical uncertainties are increasing supply chain risk, adding extra imperative to increase domestic production. Launchpad’s technology tackles these issues head on, pushing the boundaries of autonomous manufacturing systems to make factories faster, safer and more flexible than ever.
Claire Cramm, Investment Manager at PXN Ventures, said: “We’ve admired the Launchpad team and their work ever since they set up in Edinburgh in 2024. The company’s vision of how AI will reimagine the manufacturing industry is compelling, and we’re excited to be a part of the story.”
Jon Quick, CEO of Launchpad, said, “PXN Ventures understands where industrial automation is actually heading: not just the technology, but the operational reality companies face on the factory floor. Their support strengthens our ability to help customers deploy robotics in a way that works for people, scales economically, and delivers real outcomes. We’re excited to welcome them to the Launchpad family and look forward to working closely together.”
About Launchpad
Launchpad, founded in 2020, was created to reimagine manufacturing and revitalize local economies. The company addresses labour shortages and improves competitiveness by combining proprietary AI-first technology with advanced robotics to help firms manage the optimal integration of humans and robots. It estimates its systems halve the time and cost of delivering automation solutions. With offices in Los Angeles, CA, and Edinburgh, UK, Launchpad’s technology is already deployed in factories across the US and Europe.
About PXN Ventures
PXN Ventures is the venture capital arm of PXN Group, formed as a result of two of the North’s best fund managers (Praetura Ventures and Par Equity) coming together to create an investor that the region deserves. With offices in Manchester, Edinburgh, Leeds and London, it delivers world-class investment programmes at scale to help build the Northern economy, supporting founders across a diverse range of sectors, including deep tech, life sciences and software. PXN Ventures is committed to backing early-stage founders across the North of the UK, with a long and growing list of northern success stories in our portfolio that have received early backing from PXN, including Modern Milkman, Phlo, AccessPay, Street Group and Advanced Electric Machines. As well as its EIS, VCT and institutional funds, including the GMC Life Sciences Fund By PXN Ventures, PXN is also the North West of England fund manager for the Northern Powerhouse Investment Fund II, which is managed on behalf of the British Business Bank.
For more information, please contact:
Dan Bradley, Communications Director, Launchpad
dbradley@launchpad.build +44 (0)7816 829166
