Tuesday, November 5

Tag: Geek+

Top Five Funding of the Week (19th Nov – 24th Nov)
FUNDING

Top Five Funding of the Week (19th Nov – 24th Nov)

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Funding is a major part of a business and here we have come up with the top five funding activities of the last week that started from 19th November and lasted till 24th November.     1) Geek+ Beijing-based robotics startup Geek Plus (Geek+) has reportedly secured funds amounting to $150 million in Series B funding round. The particular round was led by Warburg Pincus, with participation from other shareholders including Volcanics Venture and Vertex Ventures. With these funds, the company is planning to seize that growing opportunity by investing in product devel...
Robotics Startup Geek+ Raises $150 Million in Series B Funding
FUNDING

Robotics Startup Geek+ Raises $150 Million in Series B Funding

Beijing-based robotics startup Geek Plus (Geek+) has reportedly secured funds amounting to $150 million in Series B funding round. The particular round was led by Warburg Pincus, with participation from other shareholders including Volcanics Venture and Vertex Ventures. With these funds, the company is planning to seize that growing opportunity by investing in product development, sales and customer service. Also, the company has stated that this is the largest-ever funding round for a logistics robotics startup. Geek+ has not disclosed its valuation after the funding round. The company claims to have delivered more than 5,000 robots across some 100 robotics warehouse projects in China, Hong Kong, Taiwan, Japan, Australia, Singapore, Europe, and the United States. Current customers i...