Linghou Robot raises 100M CNY round led by CATL-backed Chendao Capital
What's the deal? Suzhou-based Linghou Robot has closed a round exceeding 100 million CNY (about $14.8 million), announced in August. Chendao CapitalDealroom has a profile for this one. Try Dealroom →, the industrial investment platform tied to battery giant CATL, led the deal.
Who else is in? The round drew the Industrial Mother Machine Industry Investment Fund, Xinchan Fund (backed by Yuxin DiankeDealroom has a profile for this one. Try Dealroom →), and a well-known dual-currency fund. Existing backers Suchuangtou and Guyu Capital added to their stakes.
The signal: At this size, the raise lands in the 21st percentile among comparable rounds — a modest cheque, but one that pulls a strategic industrial investor into the company's cap table. Backing from a CATL-linked fund signals appetite from manufacturing heavyweights for automation and industrial robotics.
Read more: Jiemian
Image credit: jurvetson
