Funding round
CloudMinds Series B
CloudMinds, which works in cloud intelligent robot solutions in Minhang District, raised $300M in a Series B round announced on 1 Mar 2019, led by SoftBank Vision Fund. 1 firm took part. It is CloudMinds' third venture round on record; the one before was a Series A in Feb 2017.
$300M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
CloudMinds did not disclose a valuation in this round. It came 25 months after CloudMinds' Series A. It is 53% of the $567M CloudMinds has raised in the venture rounds on record. CloudMinds raised again 53 months later: a Series C round of $137M in Aug 2023.
Investors
Who put money in
SoftBank Vision Fund led the round.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
506 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 14 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Mar 2019 | $35M | not disclosed | Oak HC/FT |
| Tech Companies | 4 Mar 2019 | $30M | not disclosed | The Craftory |
| Tech Companies | 20 Mar 2019 | $28M | not disclosed | M12 |
| Tech Companies | 7 Mar 2019 | $27M | not disclosed | Emergence Capital |
| Tech Companies | 4 Mar 2019 | $27M | not disclosed | Hillhouse |
| Tech Companies | 4 Mar 2019 | $27M | not disclosed | Hillhouse |
| Tech Companies | 4 Mar 2019 | $23M | not disclosed | Energize Capital |
| Tech Companies | 20 Mar 2019 | $23M | not disclosed | GGV Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did CloudMinds raise in its Series B round?
CloudMinds raised $300M in its Series B round, announced in Mar 2019.
Who led CloudMinds' Series B round?
SoftBank Vision Fund led it.
What was CloudMinds' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
506 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $21M, and this round was 14 times the median.
Did CloudMinds raise again after this round?
Yes: a Series C round in Aug 2023 of $137M.