IDG Capital Led CNY 100 Mn Series B+ Financing of Xiaomi's Eco-Company Dreame
Specialized in the cleaning and personal care products, Dreame Technology is one of Xiaomi's (01810:HK) ecosystem companies. Its CNY 100 million level series B+ fundraising is led by IDG capital with Xiaomi, Shunwei Capital, Fenggu Capital and Edge Ventures following the deal.
Dreame joined Xiaomi ecosystem in 2017 as the partner corporation of Mijia 1C vacuum cleaner. Marketing as the Chinese Dyson, Dreame's this series B+ financing will be mainly used in R&D and branding activities.
This text is a result of machine translation.
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