Caracol raises $40 million Series B to progress global scale-up

Caracol founders (left to right): Francesco De Stefano, CEO; Paolo Cassis, COO; Jacopo Gervasini, CFO; and Giovanni Avallone, chief innovation officer. Source | Caracol

Caracol (Milan, Italy and Austin, Texas, U.S.) has closed its $40 million Series B round, co-led by Omnes Capital, Move Capital Fund I, alongside CDP Venture Capital – Large Ventures Fund, which played a key role as a catalyst for international investors. These international funds, together with Italian institutional investors, will accompany Caracol into its next phase of global growth, alongside continued backing from long-standing shareholders (Primo Capital SGR, Eureka! Venture SGR and Neva SGR). 

This funding will further accelerate Caracol’s global scaling and international expansion. The company says it will cement its leadership in Europe, the U.S. and the Middle East while expanding further into high-growth markets such as the Asia Pacific, building on the strong traction it has already achieved in Japan.

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On the technology side, Caracol will deepen the capabilities of its multi-process, multi-material platforms, with a focus on software, automation and AI to deliver data-driven process control and high quality. The company will also intensify the ramp-up of its metal additive manufacturing technologies, particularly in highly regulated sectors such as aerospace and defense, energy and maritime, while continuing to expand its polymer offering in key verticals such as transportation, construction and architecture.

Finally, Caracol will continue growing its global team, bringing on board top international talent to drive innovation and scale-up. The company currently employs more than 100 people, across three offices in Milan (Italy), Austin (U.S.) and Dubai (UAE), and has a global footprint with a presence in over 50 countries.

Over the past 5 years, Caracol established itself as a dynamic player in advanced robotic manufacturing, building a strong track record with more than 100 robotic platforms installed worldwide and hundreds of projects delivered across industries. Revenues have more than doubled year-over-year, a trend that continued in H1 2025. 

Recent milestones include the expansion of Caracol’s headquarters in Texas, strengthening its North American presence and creating a hub for local manufacturing of its technology for the region. The new funding also builds on the strategic acquisition of Hans Weber Maschinenfabrik GmbH’s additive robotic IP and technologies in Germany, reinforcing Caracol’s European technology base and enhancing its supply capabilities across the DACH region.

Caracol delivers turnkey robotic manufacturing platforms for advanced parts, leveraging both polymers and metals. The company integrates proprietary hardware, software and automation, providing customers with full end-to-end control and support. Its vision is to advance industrial manufacturing.

Caracol thanks the firms that supported the successful completion of its Series B: Growth Capital acting as sole financial advisor to Caracol leading the deal structuring, negotiations and execution, together with the law firms: Fieldfisher, which advised Caracol; Legance, which advised CDP Venture Capital SGR, Omnes Capital and Move Capital; Portolano Cavallo, which advised NEVA SGR S.p.A.; and Target Law, which advised Primo Capital SGR and Eureka! Venture SGR.