Snowblower startup Yarbo closes US$20m Series A funding round

The Series A funds came within two months of the previous Pre-Series A round in March, which saw the Shenzhen-based company pulling in a sum in excess of 100 million yuan (US$14.37 million).

Yarbo (汉阳科技), a startup specializing in robotic products for home use, announced a Series A funding round valued at US$20 million on May 11.

The fundraising came in two transactions. Hua Capital and BA Capital led the Series A1 round, with participation from Industry North Path.

The follow-on Series A2 round was backed exclusively by Creo Capital.

The Series A funds came within two months of the previous pre-Series A round in March, which saw the Shenzhen-based company pulling in a sum in excess of 100 million yuan (US$14.37 million).

According to Yarbo, it is the world’s first robotic startup to launch a commercial snowblower.

The company then introduced an eponymous model called Yarbo, which it said comes with interchangeable modules and is capable of blowing away snow, fallen leaves, debris, mowing the lawn and keeping yards clean and tidy.

Yarbo mainly supplies autonomous yard blowers and snow sweepers to owners of stand-alone villas in Western nations, helping to automate tedious lawn and sidewalk maintenance.

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Ni Tao

Ni Tao is the founder and editor-in-chief of cnrobopedia. Prior to cnrobopedia, he had a full decade of experience with a major state-run English-language newspaper as a tech reporter and opinion writer. He is also a communications specialist, having provided consultancy services to established firms like Siemens, Philips, ABinBev, Diageo, Trip.com Group (Nasdaq: TCOM, HK: 9961), Jianpu Technology (NYSE: JT) and a handful of domestic startups. A graduate of Fudan University, he writes widely about China's business and tech scenes and other topics for global publications including South China Morning Post, SupChina, The Diplomat, CGTN, Banking Technology, among others, and tries to impart his experience to students at Fudan University Journalism School, where he is a part-time lecturer. When he's not writing about robotics, you can expect him to be on his beloved Yanagisawa saxophones, trying to play some jazz riffs, often in vain and occasionally against the protests of an angry neighbor. Get in touch with him by dropping a line at nitao0927@gmail.com.

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