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NextFin

Juqiao Industrial Raises 100 Million Yuan in Series A Led by Ant Group

AsianFinbadge
AsianFin1 hrs ago
Summarized by NextFin AI
  • Juqiao Industrial secured 100 million yuan in Series A funding, led by Ant Group with participation from existing shareholders Lingyi Venture Capital, Weihai Gangrong, and Qingdao Hexin.
  • Duowei Capital acted as the exclusive financial adviser for the financing round, supporting the company's capital expansion strategy.
  • Proceeds will expand production of fabric electronic skin and advance tactile and multimodal technology research initiatives.
  • The company plans to accelerate applications in robotics, home, and healthcare products, leveraging its specialization in flexible fiber sensors.

NextFin News — Juqiao Industrial has completed a Series A financing of 100 million yuan led by Ant Group, according to Duowei Capital.

Existing shareholders Lingyi Venture Capital, Weihai Gangrong and Qingdao Hexin participated in the round. Duowei Capital served as long-term exclusive financial adviser. Proceeds will expand production and delivery of fabric electronic skin, advance tactile and multimodal technology research, and accelerate applications in robotics, home and healthcare products.

The company specializes in flexible fiber sensors and electronic skin technology.

Explore more exclusive insights at nextfin.ai.

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