.
MergerLinks Header Logo

New Deal


Announced

Completed

Intel Capital, Vertex Growth, and Qingyue Capital Investment led a $100m Series E round in Geek+.

Financials

Edit Data
Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Private Equity

Production Technology Equipment

Friendly

China

Minority

Cross Border

Acquisition

Venture Capital

Completed

autonomous mobile robots

Private

AI technology

Synopsis

Edit

Investment firms Intel Capital, Vertex Growth, and Qingyue Capital Investment led a $100m Series E round in Geek+, a provider of autonomous mobile robot technologies. "Thanks to the successful implementation of our global business strategy, the transformative value of our products, and the surge of the smart logistics market, Geek+ is well-positioned to further capture the outsized growth opportunities. Geek+ has passed the stage of simply pursuing scale and is now moving towards the stage of commercial success with profitability and positive cash flow," Yong Zheng, Geek+ Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US