Funding round
Unitree Robotics Series B
Unitree Robotics, which works in quadrupedal robot manufacturing in Hangzhou, raised an undisclosed amount in a Series B round announced on 1 Apr 2022, led by Matrix Partners China and Dunhong Capital. 10 firms took part. It is Unitree Robotics' second venture round on record; the one before was a Series A in Aug 2021.
Undisclosed
Amount raised
Not disclosed
Post-money valuation
10
Investors
2 leads
Valuation
What this round says about the price
Unitree Robotics did not disclose a valuation in this round. It came 8 months after Unitree Robotics' Series A. Unitree Robotics raised again 29 months later: a Series C round of $430M in Sep 2024, at $1.14B post-money.
Unitree Robotics' funding rounds
Unitree Robotics has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Matrix Partners China and Dunhong Capital led the round with 8 other firms.
Lead investors
- Matrix Partners China new investor
- Dunhong Capital new investor
Also in the round
- Hexagon AB new investor
- backs 36 venture-backed companies new investor
- Rongyi Investment new investor
- backs 17 venture-backed companies new investor
- Winreal Investment new investor
- Jingwei Venture Capital new investor
- Shenzhen Investment Holdings new investor
- Matrix backs 129 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
26 Series B rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $36M. The closest in time, other companies' Series B rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Agility Robotics Industrial Machinery & Supplies | 22 Apr 2022 | $150M | not disclosed | DCVC and Playground |
| Industrial Machinery & Supplies | 14 Apr 2022 | $45M | not disclosed | Fenice Investment Group |
| Industrial Machinery & Supplies | 15 Mar 2022 | $81M | $504M | IMM Investment |
| Industrial Machinery & Supplies | 1 Mar 2022 | $50M | not disclosed | Source Code Capital |
| Industrial Machinery & Supplies | 10 May 2022 | $45M | $250M | Scale Venture Partners |
| Electric Hydrogen Industrial Machinery & Supplies | 22 Jun 2022 | $198M | not disclosed | Fifth Wall Climate Technology Fund |
| Industrial Machinery & Supplies | 15 Feb 2022 | $132M | $270M | Reliance Industries |
| Industrial Machinery & Supplies | 15 Jun 2022 | $40M | not disclosed | Capital Today |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Unitree Robotics raise in its Series B round?
Unitree Robotics did not disclose the amount of its Series B round, announced in Apr 2022.
Who led Unitree Robotics' Series B round?
Matrix Partners China and Dunhong Capital led it, with Hexagon AB, Shunwei Capital, Rongyi Investment, Shenzhen Capital Group and Winreal Investment and 3 more.
What was Unitree Robotics' valuation at the Series B round?
It was not disclosed.
Did Unitree Robotics raise again after this round?
Yes: a Series C round in Sep 2024 of $430M at $1.14B post-money.