Chinese logistics robotics startup Geek+ has closed a $150 million Series C1 round, led by GGV Capital and US-based hedge fund D1 Capital Partners, according to an announcement on Wednesday.
The round, which is reportedly the largest in the logistics robot industry – also saw participation of its existing investors including Warburg Pincus, a US-based private equity major who has recently closed a $4.25 billion China-Southeast Asia II Fund. The firm led a $150 million Series B round in Geek+ last year.
