Yunmu Capital has invested in pool cleaning robotics company Sunrise Innovation, which recently completed a Series A funding round, raising over 500 million yuan.
Target Information
Sunrise Innovation, a company specializing in pool cleaning robotics, has successfully completed its Series A funding round, securing a total of over 500 million yuan in financing, which brings its post-funding valuation to approximately 2 billion yuan. This capital infusion was led by a consortium that includes notable firms such as CVC Capital Partners, Monolith, and Anker Innovations, alongside follow-on investments from Hillhouse Venture Capital, Shunwei Capital, Source Code Capital, Yunmu Capital, Wuzhong Jin控, and Professor Gao Bingqiang. The continuous investment from Yunmu Capital highlights its commitment to nurturing high-quality entrepreneurial ventures.
This innovative company aims to revolutionize pool cleaning with advanced technology, enhancing user experience and efficiency through robotic solutions. With the new funding, Sunrise Innovation plans to accelerate research and development, further entrenching its position in the industry.
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Industry Overview
The pool cleaning industry, particularly in China, has seen significant growth as an increasing number of households invest in home pools for leisure and relaxation. The demand for efficient
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Disclosed details
Transaction Size: $720M
Enterprise Value: $2,880M
Equity Value: $720M