Narwal closes Series C round led by Sequoia Capital China

2020-06-24
|
Isiah Liu

Narwal closes Series C round led by Sequoia Capital China

Narwal, a cleaning robotics company, has raised another round of funding led by Sequoia Capital China, with participation from Source Code Capital, GL Ventures and Bytedance. Scheme Capital continued to serve as the sole financial advisor for this round.


Founded in 2016, Narwal is an innovative company in the field of cleaning robots. The company is based in the field of cleaning robots, and is an innovative company committed to developing home service robots for one-click cleaning.


Since its establishment, Narwal has a team of more than 200 people. The company has a full-stack comprehensive capacity of production, supply chain, research and development, sales, quality, branding, organization and management.


Narwal received tens of millions of yuan in Series A round in April 2019 and most of the investors were strategic investors covering the manufacturing sector, marketing end and the home appliances makers. In April 2020, the company completed a Series B round of financing of nearly 100 million yuan, led by Source Code Capital and Bytedance.


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