Funding round
Robosen Series A
Robosen, which works in consumer robot design and manufacturing in El Monte, raised $15M in a Series A round announced on 29 May 2019, led by CMB International Capital Corporation. 2 firms took part. It is Robosen's first venture round on record.
$15M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Robosen did not disclose a valuation in this round. It is Robosen's first venture round on record, 11 years after it was founded in 2008. It is 13% of the $115M Robosen has raised in the venture rounds on record. Robosen raised again 31 months later: a Series B round of $100M in Dec 2021.
Robosen's funding rounds
Robosen has 2 venture rounds on record. This one is highlighted.
- Series A this round 29 May 2019, led by CMB International Capital Corporation $15M
- Series B 30 Dec 2021 $100M
Investors
Who put money in
CMB International Capital Corporation led the round with 1 other firm.
Lead investor
- backs 15 venture-backed companies new investor
Also in the round
- iFlytek new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Toys & Games Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Toys & Games Stores | 11 Apr 2019 | $2.0M | not disclosed | not named |
| Toys & Games Stores | 30 Jul 2019 | $10M | not disclosed | Craft Ventures |
| Toys & Games Stores | 25 Jul 2019 | $7.0M | not disclosed | Chiratae Ventures and Inventus Capital |
| Toys & Games Stores | 16 Aug 2019 | $7.5M | not disclosed | Chiratae Ventures and YourNest |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Robosen raise in its Series A round?
Robosen raised $15M in its Series A round, announced in May 2019.
Who led Robosen's Series A round?
CMB International Capital Corporation led it, with iFlytek.
What was Robosen's valuation at the Series A round?
It was not disclosed.
Did Robosen raise again after this round?
Yes: a Series B round in Dec 2021 of $100M.