China Deal Monitor: SpeedBot nabs nearly $14m and more updates

Changsha-headquartered industrial robot developer SpeedBot Robotics Ltd., has raised about 100 million yuan ($14 million) in its Series A funding round led by MSA Capital, a Tianjin-based investment firm that manages over $1.5 billion in assets.

SpeedBot last secured ‘millions of US dollars’ from Shenzhen-based investment firm Co-power Capital and Daocin Capital in October 2019. The exact quantum of capital that it raised, however, could not be ascertained.

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