Claire Cramm

The announcement follows the company’s oversubscribed $11 million Series A fundraising round 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 which 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 organisations, namely the Scottish National Investment Bank and Scottish Enterprise.

Launchpad is developing AI-first robotics systems that accelerate real-world assembly automation.

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.”