NIO Capital and Alibaba led a $138m Series A and A+ rounds in Dexmal.

Synopsis

NIO Capital, a fund manager, and Alibaba, an online and mobile commerce business, led a $138m Series A and A+ rounds in Dexmal, an embodied intelligence robotics startup, with participation from Hongtai Fund, Legend Capital, Xi Venture Capital and Zhengjing Fund.

Principals

target

DEXMAL

bidder

Nio Capital

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Market Context