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Smart Consumer Technology Startup Dreame Technology Raises Nearly Usd 15 Million In Series B+ Funding Led By Idg Capital

PRIVATENov 09, 2022•over 3 years ago

Amount Raised

$15 Million

Round Type

series b

SuzhouInformation Technology

Description

Dreame Technology (Dreame), a smart consumer technology company specializing in cordless vacuum cleaners, robot vacuum cleaners and mops, announced that it raised nearly RMB 100 million (US$14.6 million) in its Series B+ funding led by IDG Capital with participation from Edge Ventures and Peak Valley Capital, return shareholders Xiaomi Corporation and Shunwei Capital, on September 1. Yunmu Capital served as the exclusive financial advisor for this round of funding.

Company Information

Company

Dreame Technology

Location

5 Sicomac Road, Suite 111

Suzhou, Jiangsu, China

About

At Dreame Technology, we strive to innovate the technologies people use every day in order to improve the lives of our users. We push the limits of our technology and creativity to engineer groundbreaking devices that go the extra mile to meet the diverse needs of people all over the world. Dreame Technology was founded in 2015 in Shanghai. We joined the “Smart Cleaning Household Appliances” category of the Xiaomi Ecological Chain at the end of 2017 to extend our global reach. We continue to pioneer innovations in robotics, IoT-enabled devices, high-speed digital motors, LiDAR technology, and more. At the heart of our company is the desire to enhance the quality of life of global users. Our people take pride in touching lives through our products and grow together by combining our unique approaches and diverse skills. We are always looking for ways to improve our products and services, constantly experimenting to find new ways to solve problems, and continually looking for new problems to solve. We ceaselessly strive to improve while also fostering a culture of mutual respect and ingenuitive thinking. Dreame Technology maximizes efficiency by investing in sustainable manufacturing and IoT infrastructure. We push limits in the hopes that everyone can live their dream life.

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