Medical robot developer TMiRob receives USD 5.8 million for Series A
Founder: Pan Jing
Founded in: 2015
Financing status: RMB 40 million (USD 5.8 million) Series A financing in 2017
TMiRob is a medical robot developer that works with hospitals and clinics to develop medical robots to improve the work efficiency of medical workers. The medical robots developed by TMiRob can be used in medical treatment assistance and nursing services in hospitals and clinics.
Founded in 2015 in Shanghai, the developer has released two medical robots. One is mainly for the distribution of supplies during medical surgeries, and the other is used for providing drug delivery, monitoring and some other services to patients.
This Series A financing round was led by IDG, and TMiRob plans to use this fund to develop new medical robots with its partners, and create smart logistics solutions for hospitals and clinics to reduce the cost of medical supplies distribution.
Power bank rental startup Xiaodian receives USD 51 million for Series B
Founder: Tang Yongbo
Founded in: 2016
Financing status: RMB 350 million (USD 51 million) Series B financing in 2017
The power bank rental battle in China seems to be continuing fiercely, with more and more startups launching their businesses in this area and attracting lots of venture capital. As reported in our earlier Tech Financing coverage, Xiaodian concluded both its angel round and Series A financing round in the last two months. Xiaodian places power bank rental outlets in its business partners’ stores, and customers can rent its power banks through QR codes without a deposit guarantee. At present, power bank rentals seem to a popular business model, so Tencent has continued to cash in as an investor for this financing round after leading Xiaodian’s Series A round in April.
Xiaodian has more than 10,000 business partners in Beijing, Shanghai, Guangzhou and Shenzhen. Meanwhile, tens of thousands of its power bank rental outlets have been placed in establishments across these four cities to meet its business partners’ demand.
Its previous financing round was from Tencent and Didi’s angel investor Wang Gang, and this Series B financing round was led by Sequoia Capital and Banyan Capital. Tencent also joined as an investor in this round. The capital will be used to launch its power bank rental services in 25 cities, and improve its investment in the development of technology to enhance the user experience for payment, and to try to make profit in advertisements on its power bank machines.
(Top photo from Baidu Image)