German-Chinese startup Yuanda Robotics eyes $22m in Series A+ round

German-Chinese startup Yuanda Robotics eyes $22m in Series A+ round

Yuanda Robotics aims to kick off the official sales of its first collaborative robot product in April 2020, says Tobias Ortmaier, a founding member and strategic lead of Yuanda Robotics. Source: Company Website

Yuanda Robotics, a collaborative robot startup led by a German-Chinese team, is in the process of raising €20 million ($22 million) in a Series A+ round of financing, as the company aspires to challenge larger players like Universal Robots in serving small and medium-sized companies worldwide.

The company is in active discussions with potential investors to conduct interviews and negotiate term sheets. The Series A+ round is expected to complete within the next two to three months, said Tobias Ortmaier, a founding member and strategic lead of Yuanda Robotics, in a recent phone interview with DealStreetAsia.

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