## Is Wandercraft Raising €100 Million at a €750 Million Valuation?

Yes. Wandercraft, the French humanoid robotics startup backed by Renault SA, is seeking approximately €100 million — equivalent to roughly $116 million — in a new funding round, according to Bloomberg reporting published September 2, 2026. The company has engaged Goldman Sachs Group Inc. to run the process and is targeting a pre-money valuation of about €750 million. The sources cited by Bloomberg requested anonymity, as the discussions remain confidential.

Those two numbers — €100 million sought and €750 million pre-money — are the anchors of this story. They position Wandercraft as a mid-tier European contender in a fundraising environment where American and Chinese humanoid developers have routinely posted nine- and ten-figure rounds. The Renault connection, meanwhile, signals that at least one major European industrial player is treating the Calvin-40 humanoid platform as a credible manufacturing-floor bet rather than a research curiosity.

Whether Goldman can close this at the target valuation in the current market will say a great deal about European investor appetite for humanoid robotics outside the US-China axis.

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## What We Know About Wandercraft and the Calvin-40

The Bloomberg report identifies Wandercraft's robot as the **Calvin-40**, a humanoid platform. Beyond the name and the image accompanying the article, the source text provides no specifications — no [degrees of freedom](https://humanoidintel.ai/glossary/degrees-of-freedom) count, no actuator architecture, no payload figures, no deployment numbers. Any precise technical claims about the Calvin-40 circulating alongside this story should be treated skeptically until Wandercraft publishes verified spec sheets.

What the sourcing does confirm:

- **Backer:** Renault SA is a named strategic investor.
- **Fundraising advisor:** Goldman Sachs Group Inc.
- **Round target:** ~€100 million (~$116 million).
- **Pre-money valuation sought:** ~€750 million.
- **Domicile:** France — making Wandercraft one of the few European humanoid startups with a strategic automotive OEM directly on the cap table.

The Renault relationship matters beyond the balance sheet. Automotive OEMs are among the most demanding environments for humanoid deployment: tight tolerances, mixed human-robot workflows, high-mix/low-volume assembly tasks that have historically resisted full automation. If Wandercraft's Calvin-40 is being positioned for Renault's production lines, that is a real pilot pathway — though the source material does not confirm any such deployment.

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## The Goldman Process: What It Signals

Engaging Goldman Sachs as placement agent is a deliberate signal. Goldman's technology and growth equity practice has global LP reach, and its involvement typically indicates the company is pitching to institutional investors — sovereign wealth funds, large family offices, and potentially strategic corporate investors — rather than running a standard VC round.

For a European robotics startup seeking €750 million pre-money, the Goldman mandate also implies Wandercraft's leadership believes the valuation can be justified to buyers who will benchmark it against American comps. That is a meaningful bet. [Figure AI](https://humanoidintel.ai/companies/figure-ai), [Agility Robotics](https://humanoidintel.ai/companies/agility-robotics), and others have raised at headline valuations supported by deployment contracts or strategic partnerships with named hyperscalers and OEMs. Wandercraft will face questions about its comparable proof points.

The critical unknown: revenue, pilot deployments, and any binding commercial agreements. The Bloomberg report, sourced through anonymous channels, contains none of these details. Investors doing diligence will require them.

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## European Humanoid Funding in Context

Wandercraft's raise, if closed at target, would represent one of the largest humanoid robotics rounds in European history. The continent has lagged the US and China in humanoid capital formation — [NEURA Robotics](https://humanoidintel.ai/companies/neura-robotics) in Germany has been a notable exception — and a €100 million close would materially change that narrative.

The Renault backing also highlights a broader pattern: traditional automotive OEMs hedging their labor cost exposure through direct stakes in humanoid startups. Stellantis, BMW, and others have made similar moves at various stages. The logic is straightforward — automotive assembly lines employ hundreds of thousands of workers globally, and even modest automation of manual tasks at human-scale workstations justifies significant early-stage investment.

From a competitive dynamics perspective, Wandercraft's success or failure in this round will influence how European sovereign and institutional capital thinks about backing humanoid platforms domestically versus co-investing in US or Chinese leaders.

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## What This Means for Industry Trajectory

A closed €100 million round at €750 million pre-money would validate several things simultaneously: that European automotive OEM backing translates to institutional investability, that Goldman sees sufficient LP demand for non-US humanoid exposure, and that the Calvin-40 platform has enough differentiation to justify a valuation in that range without a hyperscaler anchor.

The skeptical read: €750 million pre-money is a serious ask for a company whose technical specifications, deployment count, and revenue figures are not publicly disclosed. Goldman's involvement professionalizes the process but does not guarantee close at target. Rounds of this size, particularly in Europe, often close below headline ask or on extended timelines.

What to watch: whether any named strategic investor — beyond Renault — joins the round, and whether Wandercraft discloses a commercial deployment agreement alongside a close announcement. Either data point would substantially de-risk the valuation narrative.

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## Key Takeaways

- Wandercraft is seeking **~€100 million (~$116 million)** in new funding, per Bloomberg sources.
- The company is targeting a **pre-money valuation of ~€750 million**.
- **Goldman Sachs** is advising on the fundraise.
- **Renault SA** is an existing backer, providing strategic automotive OEM credibility.
- The robot platform named in the report is the **Calvin-40** humanoid.
- No technical specifications, deployment figures, or revenue data appear in the source material — investors should treat any precise third-party claims about those metrics with caution.
- A successful close would make this one of the largest humanoid robotics rounds in European history and could catalyze broader institutional interest in non-US humanoid platforms.

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## Frequently Asked Questions

**How much is Wandercraft trying to raise?**
According to Bloomberg, Wandercraft is seeking approximately €100 million, which is roughly $116 million at the exchange rate cited in the report, in a new funding round.

**What valuation is Wandercraft targeting?**
The company is seeking a pre-money valuation of approximately €750 million, according to Bloomberg's anonymous sources with knowledge of the matter.

**Who is advising Wandercraft on the fundraise?**
Goldman Sachs Group Inc. is working with Wandercraft on the funding round, Bloomberg reported.

**Who are Wandercraft's known backers?**
Renault SA is identified as a backer in the Bloomberg report. The source does not name additional existing investors.

**What robot does Wandercraft make?**
The Bloomberg article references the Wandercraft Calvin-40 humanoid robot. No further technical specifications are provided in the source material.