China’s intelligent robotics solutions designer Shenzhen Yuejiang Technology Co., Ltd (DOBOT) has closed a 320 million yuan ($49 million) round joined by new investors CICC Capital, China Merchants Capital, CRRC’s investment arm CRRC Capital, Wens Investment, V Fund, and investment bank Scheme Capital.
It raised an undisclosed pre-B round funding from Shenzhen Capital Group, Qianhai FOF and Galaxy Holdings in April last year, according to a company statement on Friday.
Scheme Capital facilitated the transaction.
DOBOT, which claims to be China’s largest cross-border supplier for industrial robots, produces smart robotic arms that cater to a slew of industries across education, new retail, logistics, healthcare, manufacturing, among others.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on January 15, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|Shenzhen Yuejiang Technology||Shenzhen||49 million||-||-||Business Support Services||Robotics & Drones|
|WAYZ||Shanghai||40 million||A+||-||Shanghai Pudong Science and Technology Investment, Zhangjiang Group, Zhangjiang Hi-Tech Park Development, Henan Zhanxing Industrial Investment Fund, Keytone Ventures, Summitview Capital, Wind, China Chengxin Credit Ratings, Lightspeed China Partners, BlueRun Ventures||AI and Machine Learning|
|Origin Quantum||Hefei||* 15 million||A||China Internet Investment Fund||China Reform Holdings, CICC Qizhi Fund, Chengdu Industry Investment Group, CCB International, Zkyc Capital, Zhongtian Fortune||AI and Machine Learning|
|CIQTEK||Hefei||* 15 million||B||GL Ventures||Cowin Capital, ShenZhen Co-Stone Asset Management, China Merchants Securities||N/A|
|Boya Gongdao (Beijing) Robot Technology||Beijing||15 million||C||-||Lantern Capital, Hua He Capital, Pengbo Investment, Zhongguancun Qihang Innovation Fund||Infrastructure|
|M Stand||Shanghai||15 million||A||CMC Capital||Challenjers Capital||N/A|
|bailian.ai||Beijing||15 million||A||ByteDance, Yunqi Partners||Forebright Capital, JUE Capital, Shanjin Capital, |
Hangzhou Oriental Jiafu Asset Management
|Neucloud||Beijing||15 million||C||-||Diankeyan Fund||Internet of Things|
|GLZ Health||Shenzhen||10 million||A||-||IDG Capital, Jiacheng Capital||HealthTech|
|MentaPets||Beijing||15 million||Strategic Investment||-||Yuankun Ventures||Pet Technology|
|Authing||Beijing||5 million||Pre-A||-||GGV Capital||Saas|
∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopt the smallest number in the range, which is “100 million yuan ($15 million)” in the given example.