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YouiBot Closes Second Series B, Bringing 2021 Financing Total to Over USD $62M

Dylan Crow

ASSOCIATE at HAX

December 27, 2021

YouiBot, a 2018 graduate of HAX and Chinese industrial mobile robot maker, announced Tuesday that it had closed USD $47 million in two Series B funding rounds led by FG venture and PE firm Xicheng Jinrui respectively.

These investments follow a Series A round led by SoftBank in early 2021, making the total capital raised by the five year old startup over USD $62M alone in 2021. YouiBot said the proceeds of this round will be used for research and development, team building, and market expansion. The financing will boost the company’s total fund raised to more than RMB $500 million to date.

Youibot now offers robots as a service in 26 provinces and cities across China, and over 30 countries around the world, including Japan, Singapore, Spain, South Korea, and Germany.

Read more on Technode here.

Dylan Crow

ASSOCIATE at HAX

December 27, 2021
SOSV's HAX is the most active early stage investor in hard tech startups, empowering founders building with robotics, internet of things, digital health, consumer products and industrial technologies. The HAX Program combines hands-on co-development with our experienced product development team, multi-stage venture capital investment, and collaboration with our global founder community building hard tech startups. Since 2012, HAX has invested in over 250 startups meshing hardware and software across its locations in San Francisco, Shenzhen and Tokyo.