Caracol, one of Europe’s quickest-growing deep-tech companies and a pioneer in large-format robotic manufacturing, has announced the closing of €34.5M in a Series B funding round.
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Lombardy, Italy-based Caracol, a deep-tech company and specialised in large-format robotic manufacturing, has secured $40M (approximately €34.5M) in a Series B round.
The round was co-led by Omnes Capital and Move Capital Fund I, with participation from CDP Venture Capital – Large Ventures Fund, which played a pivotal role in attracting international investors, declares the company.
They join a consortium of leading institutional investors alongside long-standing backers Primo Capital SGR, Eureka! Venture SGR, and Neva SGR (the venture capital arm of Intesa Sanpaolo Group).
Due to oversubscription, this round also enabled some early investors to exit with significant returns, declares the company in the press release.
“This Series B represents a generational step for Caracol,” declared Francesco De Stefano, CEO and co-founder of Caracol. “In just a few years, we’ve built strong global traction, doubling revenues year after year. This round validates our vision and the outstanding execution of our team, while bringing on board some of the world’s leading deep-tech investors. With their support, we’re ready to accelerate our global scale-up and support advanced industries strengthen supply-chain and manufacturing resilience through the flexibility, efficiency, and sustainability of our technology.”
Fund utilisation
The fresh capital will accelerate the company’s global scaling and international expansion, strengthening its leadership in Europe, the United States, and the Middle East, while deepening its reach in the Asia Pacific, building on solid traction in Japan.
On the technology front, Caracol will advance its multi-process, multi-material platforms, focapplying on software, automation, and AI-driven process control to deliver data-centric precision and higher manufacturing quality.
The company will also accelerate the development of its metal additive manufacturing technologies for aerospace, defence, energy, and maritime, while expanding its polymer solutions across transportation, construction, and architecture.
Caracol will also expand its global team, hiring top talent to fuel innovation and execution. The company currently employs over 100 people across offices in Milan (Italy), Austin (USA), and Dubai (UAE), and serves clients in more than 50 countries.
The funding announcement comes at a time when the company has installed over 100 robotic platforms worldwide and completed numerous projects across different industries.
The company declares its revenue has doubled each year, continuing this trconclude in the first half of 2025.
Caracol has implemented solutions that modify industrial supply chains.
For example, in the maritime industest, it supported Ferretti Group in Italy save up to 70 per cent on finished parts.
In automotive and motorsports, it worked with Duqueine in France to cut production lead times by 50 per cent on carbon fibre tooling.
The company also contributed to reducing waste and promoting circular economy practices in construction projects with HITT in the United States.
CARACOL: Advancing manufacturing through tech
Led by Francesco De Stefano, CARACOL focapplys on advanced manufacturing by integrating technology, hardware, software, and robotics.
Their platforms, such as Heron AM and Vipra AM, apply additive manufacturing to create large, complex industrial parts for industries like aerospace, marine, energy, design, and architecture.
The company operates Europe’s largest Large Format Additive Manufacturing production centre, has a facility in North America, and maintains offices in Dubai.
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