China Deal Monitor: HachiBot nets over $10m and more updates

Beijing-headquartered robot developer HachiBot has raised ‘tens of millions of US dollars’ in its pre-A funding round led by Northern Light Venture Capital, it said in a WeChat post.

Plum Ventures, Microsoft China’s former vice president Harry Shum and Kuwo Music Box’s founder Ming Lei have also invested in the round. 

HachiBot, co-founded by Zhenyu Chen in December 2019, develops household-driven intelligent quadruped robots. 

“We are developing our first intelligent quadruped robot for emotional companionship,” said Chen in the statement, “and it is expected to make a debut by 2021.”

CHINA DEAL MONITOR

DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on August 20-21, 2020. 

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