DOBOT closes $49m round and 10 more deal updates from Greater China

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. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
Shenzhen Yuejiang Technology Shenzhen49 million--Business Support ServicesRobotics & Drones
WAYZShanghai40 millionA+-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 VenturesAI and Machine Learning
Origin QuantumHefei* 15 millionAChina Internet Investment FundChina Reform Holdings, CICC Qizhi Fund, Chengdu Industry Investment Group, CCB International, Zkyc Capital, Zhongtian FortuneAI and Machine Learning
CIQTEKHefei* 15 millionBGL VenturesCowin Capital, ShenZhen Co-Stone Asset Management, China Merchants SecuritiesN/A
Boya Gongdao (Beijing) Robot TechnologyBeijing15 millionC-Lantern Capital, Hua He Capital, Pengbo Investment, Zhongguancun Qihang Innovation FundInfrastructure
M StandShanghai15 millionACMC CapitalChallenjers CapitalN/A
bailian.aiBeijing15 millionAByteDance, Yunqi PartnersForebright Capital, JUE Capital, Shanjin Capital,
Hangzhou Oriental Jiafu Asset Management
Saas
NeucloudBeijing15 millionC-Diankeyan FundInternet of Things
GLZ HealthShenzhen10 millionA-IDG Capital, Jiacheng CapitalHealthTech
MentaPetsBeijing15 millionStrategic Investment-Yuankun VenturesPet Technology
AuthingBeijing5 millionPre-A-GGV CapitalSaas

∗ 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. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.