Dreame Technology Funding, Investors & Competitors

Dreame Technology has raised $576M across 2 funding rounds, most recently a $561M Series C in October 2021.

Last Dreame Technology funding round

$561M

Series C · Oct 2021

Cumulative funding Dreame Technology raised

$576M

across 2 funding rounds

Key investors in Dreame Technology

  • IDG Capital
  • Shunwei Capital
  • Xiaomi
  • YF Capital
  • CPE
  • Fortune Capital
  • Edge Ventures
  • Country Garden Venture Capital

Dreame Technology Overview

About Dreame Technology

Dreame Technology is a Chinese consumer electronics company, founded in 2017 and headquartered in Suzhou, that designs and manufactures smart household cleaning appliances such as robot vacuums, cordless vacuum cleaners, and premium hairdryers built around self-developed high-speed motors. The company grew initially as part of Xiaomi's ecosystem before building out its own independent brand, and now sells through platforms including Amazon, JD.com, Tmall, and AliExpress in more than 100 countries. Dreame competes with established players such as Dyson by offering advanced cleaning features, including high-suction vacuums and obstacle-avoidance navigation, at a lower price point.


Founded

2015

HQ

ChinaSuzhou

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Dreame Technology Funding History

Dreame Technology has raised a total of $576M across 2 funding rounds.

Dreame Technology's first fundraising round was a $15M Series B in September 2020. The most recent completed round was a $561M Series C in October 2021.

Dreame Technology funding rounds

Dreame Technology funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2021Series CCPE (lead); Huaxing Growth Capital (lead); Fortune Capital; YF Capital; Xiaomi; IDG Capital; Shunwei Capital; Harvest Capital Management; Stoneylake Asset; Taikang Asset; Skywalker Capital; Country Garden Venture Capital$561MDreame Technology, founded in 2017 and headquartered in Suzhou with offices in Beijing, Shanghai, and Tianjin, designs and manufactures smart household cleaning appliances like floor-cleaning robots, cordless vacuum cleaners, and premium hairdryers powered by self-developed high-speed motors reaching 200,000 RPM. The company became part of Xiaomi's ecosystem and started selling products in 2019 with sales over 500 million yuan that year. It operates its own brand alongside Xiaomi-branded products, leveraging Xiaomi's distribution while expanding internationally via Amazon in the US, Europe, and platforms like JD.com, Tmall, and AliExpress in China. In October 2021, Dreame raised approximately 3.6 billion yuan ($563 million) in its Series C funding round, led by Huaxing Growth Capital and CPE, with participation from Country Garden Venture Capital, Yunfeng Capital, Xiaomi, Shunwei Capital, IDG Capital, Skywalker Capital, Stoneylake Asset, Harvest Capital Management, Fortune Capital, and Taikang Asset. Dreame reported revenue of about 2 billion yuan in the first half of 2021 (H1 2021), with nearly 70% from overseas markets across more than 100 countries. The company had nearly 1,800 employees, over 70% in technical roles. Funds were allocated to expand the R&D team, hire talent, build technology capabilities, and ramp up hiring. Dreame competes in the premium smart home appliance space against brands like Dyson, offering lower-cost alternatives with advanced features like the T30 vacuum cleaner's 27 pa suction and adjustable design.
Sep 2020Series BIDG Capital (lead); Peak Valley Capital; Xiaomi; Shunwei Capital; Edge Ventures$15MDreame Technology, a smart consumer technology company specializing in cordless vacuum cleaners, robot vacuum cleaners, and mops, raised nearly RMB 100 million (US$14.6 million) in its Series B+ funding round on September 1, 2020, led by IDG Capital with participation from Edge Ventures, Peak Valley Capital, return shareholders Xiaomi Corporation, and Shunwei Capital. Yunmu Capital served as the exclusive financial advisor. The company leverages high-speed motor technology, aerodynamics, robot control, and Visual Simultaneous Localization and Mapping (VSLAM), enhanced by Time-of-Flight (TOF) for obstacle avoidance in robot vacuums. Dreame invests 12 percent of annual sales revenue into R&D, three times more than peers in core technology, and has filed over 840 patent applications including 270 invention patents. It planned to launch the T20 cordless vacuum with 150AW suction and 99.97% filtration in November 2020. IDG Capital highlighted Dreame as exemplifying China's next-generation intelligent manufacturing for smart home appliances.

Who has invested in Dreame Technology?

14 investors have backed Dreame Technology across its funding rounds, including IDG Capital, Shunwei Capital, Xiaomi, YF Capital, CPE and Fortune Capital.

Lead investors include CPE, Huaxing Growth Capital and IDG Capital.


Dreame Technology Investors

Investors in Dreame Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
XiaomiChinaBeijing2ParticipantSep 2020
IDG CapitalChinaBeijing2LeadSep 2020
Shunwei CapitalChinaBeijing2ParticipantSep 2020
Fortune CapitalUnited StatesMiami, FL1ParticipantOct 2021
YF CapitalChinaShanghai1ParticipantOct 2021
CPEChinaBeijing1LeadOct 2021
Peak Valley CapitalChinaChina1ParticipantSep 2020
Harvest Capital ManagementChinaBeijing1ParticipantOct 2021
Stoneylake AssetChinaBeijing1ParticipantOct 2021
Taikang AssetChinaBeijing1ParticipantOct 2021
Huaxing Growth CapitalChinaBeijing1LeadOct 2021
Skywalker CapitalChinaShenzhen1ParticipantOct 2021

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Dreame Technology Competitors

Dreame Technology competitors include listed companies like Apple, Samsung, Dell and Sony, and private ones like DJI and Royole Corporation.

Public and private companies comparable to Dreame Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AppleUnited StatesUnited StatesPublicly listed$416B$144B$4.9T10.4x
SamsungSouth KoreaSouth KoreaPublicly listed$243B$67B$1.2T2.4x
DellUnited StatesUnited StatesPublicly listed$114B$12B$374B2.4x
SonyJapanJapanPublicly listed$80B$17B$141B1.7x
DJIChinaShenzhenPrivate$1B-$8B8.0x
Royole CorporationChinaShenzhenPrivate--$3B-

Dreame Technology Public Comps

Dreame Technology is still privately-owned, but its public comps include Apple, Samsung, Dell, Sony, Xiaomi, Panasonic, Nintendo, Lenovo, Garmin and Quanta Computer.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Apple$416B$144B11.9x10.4x34.2x29.4x
Samsung$243B$67B4.4x2.4x15.8x4.4x
Dell$114B$12B3.5x2.4x34.3x20.1x
Sony$80B$17B1.8x1.7x8.5x8.9x
Xiaomi$68B$8.4B1.1x1.1x8.7x13.8x
Panasonic$52B$1.5B1.3x1.4x45.5x13.0x
Nintendo$15B$3.5B3.3x3.3x14.0x18.1x
Lenovo$83B$4.7B0.7x0.6x12.0x10.7x

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Common questions about Dreame Technology

When was Dreame Technology founded?Dreame Technology was founded in 2015.
Where is Dreame Technology headquartered?Dreame Technology is headquartered in Suzhou, China.
Is Dreame Technology publicly listed?No, Dreame Technology is a private, VC-backed company.
How much funding has Dreame Technology raised?Dreame Technology has raised $576M across 2 funding rounds.
What was Dreame Technology's last funding round?Dreame Technology's last funding round was a $561M Series C in October 2021, led by CPE and Huaxing Growth Capital.
Who are Dreame Technology's investors?Dreame Technology's investors include Xiaomi, IDG Capital, Shunwei Capital, Fortune Capital, YF Capital, CPE, Peak Valley Capital, Harvest Capital Management, Stoneylake Asset, Taikang Asset and 4 others.
Which companies are comparable to Dreame Technology?Companies comparable to Dreame Technology include Apple, Samsung, Dell, Sony, DJI and Royole Corporation.

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