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.

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. 

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Verticals
LandSpaceBeijing175 millionC+Sequoia Capital China, MatrixPartners China, Country Garden Venture Capital, Co-Stone Asset ManagementNational Small-Medium Enterprises Development Fund, Lightspeed China Partners, Gopher Asset Management, Cedarlake Capital, Sunac ChinaN/A
Hrain BiotechnologyShanghai29 millionB+-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 InvestmentHealthTech
Weier Technology Hangzhou* 14 millionBQiming Venture PartnersR-Z CapitalSaas
Grainger China (MYMRO)Shanghai* 14 millionDebut Sinovatin VenturesChina Merchants Capital, Gopher Asset ManagementE-commerce
UbrasBeijing* 14 millionB+Sequoia Capital ChinaCapital TodayE-commerce
New Worldwide LogisticsShanghai* 14 million-Sinovatin VenturesYunqi PartnersSaas
Beijing WeMed Medical Equipment Beijing14 millionC+-Hillhouse CapitalHealthTech
The SpeedBot Robotics Changsha14 millionAMSA Capital-Robotics & Drones
Canbao ShicaiSuzhou1.4 millionDebut Suzhou Meilin Ventures-E-commerce
Celula China Med-TechnologyChengdu* 1.4 millionBHanne CapitalJinhe Capital, CD Capital, Celula-HKHealthTech
ShixiaoShanghai* 1.4 millionPre-A-Fosun RZ CapitalE-commerce
StoneWiseBeijing* 1 millionA+GL VenturesLinear VentureHealthTech
Marketing New SaasShanghai-A-ZTO ExpressAdTech
Chunyuyisheng.comBeijing-ESogou TechnologyChina Vision Capital, Huajin FundE-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. 

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.