Funding round
CloudMinds Series A
CloudMinds, which works in cloud intelligent robot solutions in Minhang District, raised $100M in a Series A round announced on 1 Feb 2017. 12 firms took part. It is CloudMinds' second venture round on record; the one before was a Seed in May 2016.
$100M
Amount raised
Not disclosed
Post-money valuation
12
Investors
no lead named
Valuation
What this round says about the price
CloudMinds did not disclose a valuation in this round. It came 9 months after CloudMinds' Seed. It is 18% of the $567M CloudMinds has raised in the venture rounds on record. CloudMinds raised again 25 months later: a Series B round of $300M in Mar 2019.
Investors
Who put money in
12 firms took part; no lead investor was named.
Investors
- SoftBank China Capital new investor
- Foxconn new investor
- Launcher Capital new investor
- Bojiang Capital new investor
- Beijing Venustech new investor
- Institute of Tsinghua University new investor
- backs 3 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- Walden International new investor
- Kaixuan Capital new investor
- Keytone Ventures new investor
- SoftBank
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
568 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 14 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 Feb 2017 | $10M | not disclosed | Octopus Ventures and SFC Capital |
| Tech Companies | 1 Feb 2017 | $10M | not disclosed | not named |
| Tech Companies | 16 Feb 2017 | $10M | not disclosed | GGV Capital |
| Tech Companies | 1 Feb 2017 | $9.0M | not disclosed | Edison Partners |
| Tech Companies | 16 Feb 2017 | $8.0M | not disclosed | Drive Capital |
| Tech Companies | 9 Feb 2017 | $7.0M | not disclosed | Deepbridge Capital |
| Tech Companies | 15 Feb 2017 | $6.4M | not disclosed | Tribal Ventures |
| Tech Companies | 27 Feb 2017 | $6.0M | not disclosed | Upfront Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did CloudMinds raise in its Series A round?
CloudMinds raised $100M in its Series A round, announced in Feb 2017.
Which investors took part in CloudMinds' Series A round?
SoftBank China Capital, Foxconn, Launcher Capital, Bojiang Capital, Beijing Venustech and Institute of Tsinghua University and 6 more.
What was CloudMinds' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
568 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 14 times the median.
Did CloudMinds raise again after this round?
Yes: a Series B round in Mar 2019 of $300M.