Focus on growth
Geek+: Financing round of over 200 million dollars completed
Geek+, a global provider of advanced robotics for logistics, announces that it has closed its Series C funding round of over $200 million in early 2020.
Geek+ says it continues to lead the industry with the largest capital raising to date, having closed a USD 150 million Series B in November 2018. This was also reportedly the largest at the time.
The C1 series was led by GGV Capital, D1 Capital Partners together with Warburg Pincus in summer 2019, while the C2 series, which closed earlier this year, was led by V Fund together with Redview Capital and Vertex Ventures.
Yong Zheng, founder and CEO of Geek+: "We are grateful for the confidence our investors have in the vision and strategy of Geek+ and in the broad commercial application of our products. Our robotics solutions are already creating real and visible business returns for nearly 300 companies worldwide. We are proud of our accomplishments, confident in our continued growth and in the depth of innovation and commercial application yet to be explored for logistics robots. We know that AMRs are the future of global logistics and are delighted with investor confidence in their market prospects."
Geek+ says it will focus on implementing its CARE strategy: delivering tangible, immediate and long-term value to customers with efficient, flexible and scalable solutions; developing innovative AI applications for robots and software in logistics; expanding Robot-as-a-Service as an accessible business model for companies; and developing relationships with technology and logistics ecosystem partners to lead the new digital supply chain.
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