Unmanned surface vehicle maker Orcauboat, which operates on the surface of the water to perform tasks including water cleaning, sampling, and quality monitoring, has raised 100 million yuan ($14 million) in its Series B financing round.
The round saw the participation of the AEF Greater Bay Area Fund, managed by Gobi Partners, according to a company release on January 17.
Beijing-based dual-currency early-stage venture capital firm Skyview Fund and state-affiliated investor Xi’an Finance Investment Management also joined the round. The firm will use the proceeds towards R&D and to expand market reach, per the release.
Founded in 2017, the Xi’an-based firm previously raised 50 million yuan ($7.6 million) in an extended Series A round in May 2022 joined by Forebright Capital, Edge Ventures, and China Capital Management, among others.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing all prominent venture capital transactions in the Greater China region from January 15 – 21, 2024.