Robot company Xinghaitu secures an additional 2 billion yuan in funding, valuing the company at over 20 billion yuan.

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【Caixin Global】 StarMap completed nearly RMB 3 billion in fundraising within two months. On April 2, the humanoid robotics company StarMap announced that it has recently secured RMB 2 billion in a B+ round, valuing the company at over RMB 20 billion.

Nearly 20 investment institutions participated, including industry capital Huadeng Technology, Lens Technology, Siliconchip Investment, Era Pioneer, and AVIC Fund. Among them, Lens Technology is StarMap’s cooperation partner, and Lens Technology is StarMap’s hardware supply-chain partner and the party enabling large-scale production. The funds include Xiu Yuan Capital, Hong Zhang Investment, Yu Hai Capital. State-owned capital Beijing shareholders include Financial Street Capital, Jinqpu Investment, Beijing Kechuang, Guoyuan Equity, and Shangcheng Capital. Private equity funds include funds under CICC Capital, PwC Capital, Hongtai Fund, and GF Qian.

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