Friday, 2023 December 1

CHINA BRIEF | ByteDance co-leads USD 14 million investment in robot cleaner startup Narwal Robotics

Chinese manufacturer of cleaning robots Narwal Robotics has completed its Series B round of financing, bagging nearly RMB 100 million (USD 14.1 million), local tech media 36Kr reported on Thursday.

This new investment was co-led by Source Code Capital and ByteDance, with existing investors including Infore Capital and Dami Ventures also pouring money into the round.

Founded in 2016, Narwal Robotics makes intelligent cleaning robots and unveiled its first product, a autonomous robot cleaner, called Narwal T10, in 2019. The model can both vacuum and mop.

Prior to this round, the Dongguan-based startup had already completed three financing rounds since 2017, according to enterprise data vendor Tianyancha. Its previous investors include CWB Capital and Future Captial.

36Kr is KrASIA’s parent company.

This article is part of KrASIA’s “China Brief” section, where KrASIA’s reporters will provide quick daily updates about the tech ecosystem in China.


Related Read