Funding round
Geekplus Series E
Geekplus, which works in warehouse robotics solutions development in Beijing, raised $100M in a Series E round announced on 8 Aug 2022, at a $2.00B post-money valuation. 3 firms took part. It is Geekplus' third venture round on record; the one before was a Series C in Jun 2020.
$100M
Amount raised
$2.00B
Post-money valuation
3
Investors
no lead named
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Geekplus at $2.00B after the new money. The $100M bought investors about 5.0% of the company. It came 26 months after Geekplus' Series C. It is 22% of the $450M Geekplus has raised in the venture rounds on record. No later venture round is on record for Geekplus.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- Intel Capital backs 239 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- Qingyue Capital Investment new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Industrial Machinery & Supplies, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 17 May 2023 | $20M | not disclosed | DFJ Growth and Foundry |
| Tech Companies | 31 Aug 2022 | $238M | $1.20B | Accel |
| Tech Companies | 16 Aug 2022 | $170M | not disclosed | Apax Partners and BDT & MSD Partners |
| Insurance - Agents, Carriers & Brokers | 16 Aug 2022 | $80M | not disclosed | not named |
| Ophthalmic & Optical Instruments & Lenses | 2 Aug 2022 | $42M | not disclosed | Cormorant Asset Management |
| Tech Companies | 17 Aug 2022 | $20M | $1.20B | UBS and Wells Fargo Strategic Capital |
| Business Consulting | 6 Sep 2022 | $318M | not disclosed | THE FUND |
| Gotham Greens Farms & Agriculture Production | 12 Sep 2022 | $310M | not disclosed | BMO Impact Investment Fund and Ares Management |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Geekplus raise in its Series E round?
Geekplus raised $100M in its Series E round, announced in Aug 2022.
Which investors took part in Geekplus' Series E round?
Intel Capital, Vertex Growth and Qingyue Capital Investment.
What was Geekplus' valuation at the Series E round?
$2.00B post-money.