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.
The fresh round of funding will be used by the startup to facilitate its smart platform innovation, ramp up recruitment, and add to marketing management.
Established in 2018, SpeedBot creates robots with smart vision and brain that can target challenging application scenarios in manufacturing, logistics, and retailing, among others.
Its other backers include Turing Ventures, Shenjinna Capital and Xiaozhi Investment.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from September 09-10, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Verticals|
|LandSpace||Beijing||175 million||C+||Sequoia Capital China, MatrixPartners China, Country Garden Venture Capital, Co-Stone Asset Management||National Small-Medium Enterprises Development Fund, Lightspeed China Partners, Gopher Asset Management, Cedarlake Capital, Sunac China||N/A|
|Hrain Biotechnology||Shanghai||29 million||B+||-||Shanghai Pudong Innovation Technology Group, Sino-Singapore Connectivity Private Equity Fund Management, Qian Hai Wan Hui Equity Investment Fund Management (Shenzhen), NSR Financial, Xinyi Capital, Junchenda Capital, Guangdong Chongye Holdings, Hengzhen Investment||HealthTech|
|Weier Technology||Hangzhou||* 14 million||B||Qiming Venture Partners||R-Z Capital||Saas|
|Grainger China (MYMRO)||Shanghai||* 14 million||Debut||Sinovatin Ventures||China Merchants Capital, Gopher Asset Management||E-commerce|
|Ubras||Beijing||* 14 million||B+||Sequoia Capital China||Capital Today||E-commerce|
|New Worldwide Logistics||Shanghai||* 14 million||-||Sinovatin Ventures||Yunqi Partners||Saas|
|Beijing WeMed Medical Equipment||Beijing||14 million||C+||-||Hillhouse Capital||HealthTech|
|The SpeedBot Robotics||Changsha||14 million||A||MSA Capital||-||Robotics & Drones|
|Canbao Shicai||Suzhou||1.4 million||Debut||Suzhou Meilin Ventures||-||E-commerce|
|Celula China Med-Technology||Chengdu||* 1.4 million||B||Hanne Capital||Jinhe Capital, CD Capital, Celula-HK||HealthTech|
|Shixiao||Shanghai||* 1.4 million||Pre-A||-||Fosun RZ Capital||E-commerce|
|StoneWise||Beijing||* 1 million||A+||GL Ventures||Linear Venture||HealthTech|
|Marketing New Saas||Shanghai||-||A||-||ZTO Express||AdTech|
|Chunyuyisheng.com||Beijing||-||E||Sogou Technology||China Vision Capital, Huajin Fund||E-commerce|
∗ indicates that the company did not provide the specific size of the deal but only a range. So, we adopted the smallest number in the range, which is “10 million yuan ($1.4 million)” in the given example.