Funding round
Geekplus Series C
Geekplus, which works in warehouse robotics solutions development in Beijing, raised $200M in a Series C round announced on 18 Jun 2020, led by GGV Capital, D1 Capital Partners and V Fund. 7 firms took part. It is Geekplus' second venture round on record; the one before was a Series B in Nov 2018.
$200M
Amount raised
Not disclosed
Post-money valuation
7
Investors
3 leads
Valuation
What this round says about the price
Geekplus did not disclose a valuation in this round. It came 19 months after Geekplus' Series B. It is 44% of the $450M Geekplus has raised in the venture rounds on record. Geekplus raised again 26 months later: a Series E round of $100M in Aug 2022, at $2.00B post-money.
Investors
Who put money in
GGV Capital, D1 Capital Partners and V Fund led the round with 4 other firms.
Lead investors
- GGV Capital new investor
- D1 Capital Partners new investor
- V Fund new investor
Also in the round
- Warburg Pincus backs 76 venture-backed companies new investor
- Redview Capital new investor
- backs 26 venture-backed companies new investor
- Vertex Ventures
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
7 Series C rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $29M, and this round was 6.9 times the median. The closest in time, other companies' Series C rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 1 Jun 2020 | $29M | not disclosed | Kensington Capital Partners |
| Industrial Machinery & Supplies | 1 Sep 2020 | $40M | not disclosed | Rotor Capital |
| Industrial Machinery & Supplies | 5 Oct 2019 | $23M | not disclosed | Dundon Capital Partners |
| Industrial Machinery & Supplies | 12 Feb 2021 | $5.0M | not disclosed | McRock Capital |
| Industrial Machinery & Supplies | 1 Mar 2021 | $100M | not disclosed | not named |
| Industrial Machinery & Supplies | 10 Sep 2019 | $39M | not disclosed | Octopus Ventures |
| Industrial Machinery & Supplies | 23 Jul 2019 | $12M | not disclosed | Cue Ball |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Geekplus raise in its Series C round?
Geekplus raised $200M in its Series C round, announced in Jun 2020.
Who led Geekplus' Series C round?
GGV Capital, D1 Capital Partners and V Fund led it, with Warburg Pincus, Redview Capital, Vertex Growth and Vertex Ventures.
What was Geekplus' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Industrial Machinery & Supplies?
7 Series C rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $29M, and this round was 6.9 times the median.
Did Geekplus raise again after this round?
Yes: a Series E round in Aug 2022 of $100M at $2.00B post-money.