C Ventures leads series-A for Agile Robots

The round also saw participation from existing investors GL Ventures, Sequoia Capital China and Linear Venture Capital.

The company intends to use the fresh capital to develop its products and technology further, according to a statement.

C Ventures is a Hong Kong-based venture capital investment firm that targets investments in fashion, media and technology-backed companies.

The firm said in a statement that the investment is timely given the current coronavirus outbreak, during which manufacturing companies are facing production challenges, and that Agile Robots' technology may be able to address these difficulties across various industries in future.

Previous funding
In July 2019, Tinavi Medical Technology, Sequoia Capital China, Linear Venture and Hillhouse Capital backed a seed round for the company.

Company
Agile Robots develops robotic products including AI-based software for smart robots for use in manufacturing in the automotive and electronic industries. The technology also has applications in the medical, healthcare and services sectors.

Headquartered in Gilching, Bavaria, the company was founded in 2018 as a spin-out from the Institute of Robotics and Mechatronics at the German Aerospace Centre. It also has a subsidiary in Beijing. The company has 21 employees, according to LinkedIn.

People
C Ventures – Adrian Cheng (founder).
Agile Robots – Zhaopeng Chen (founder, CEO).

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• Topics
• Early-stage
• DACH
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