Geek+ Revenue, Valuation, Funding & Investors
Geek+ is valued at $2B as of August 2022, a 13.3x multiple on its last reported $150M revenue.
Last Geek+ valuation
$2B
Series E · Aug 2022
Last Geek+ funding round
$100M
Series E · Aug 2022
Geek+ revenue
$150M
Series E · Aug 2022
Key investors in Geek+
Warburg Pincus
Volcanics Venture
Vertex Ventures
Vertex Ventures China
Intel Capital
GGV Capital
About Geek+
Geek+ is a Beijing-headquartered developer of autonomous mobile robots for warehouse automation, factory operations, and supply chain logistics. The company deploys AI-powered picking robots, sorting systems, and pallet trucks customized for e-commerce giants, apparel brands like Shein, retailers, third-party logistics firms, pharmaceutical distributors, and manufacturers of automobiles and electronics. Geek+ leads China's robotics market with deployments exceeding peers, maintains partnerships with JD.com and SF Express for co-developed solutions, and expanded globally to Europe and Southeast Asia since its 2015 founding.
Founded
2015
HQ
BeijingWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$150M (Aug 2022)
Valuation
$2B (Aug 2022)
Geek+ Valuation
Geek+ is currently valued at $2B, based on its Series E in August 2022.
The $100M round included Qingyue Capital Investment, Vertex Growth Fund and Intel Capital.
Geek+'s valuation has grown 2.0x from $1B at its Series B in November 2018 to $2B in August 2022, across 2 priced rounds.
Geek+ valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2022 | Series E | $2B | 13.3x |
| Nov 2018 | Series B | $1B | 3.3x |
Geek+ Revenue
Geek+'s latest recorded revenue is $150M, as of its Series E in August 2022. At a $2B valuation, that implies a 13.3x revenue multiple.
Revenue moved from $300M in November 2018 to $150M in August 2022, while the revenue multiple moved from 3.3x to 13.3x.
Geek+ revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2022 | $150M | $2B | 13.3x | Series E |
| Nov 2018 | $300M | $1B | 3.3x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Geek+ Funding History
Geek+ has raised a total of $540M across 7 funding rounds.
Geek+'s first fundraising round was a $8M Series A in May 2016. The most recent completed round was a $100M Series E in August 2022.
Geek+ funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2022 | Series E | Qingyue Capital Investment; Vertex Growth Fund; Intel Capital | $100M | $2B | Geek+ is a Beijing-based global leader in autonomous mobile robot (AMR) technologies for logistics and warehousing automation, offering a wide array of robots to e-commerce platforms, third-party logistics providers, express delivery companies, offline retailers, and manufacturers in sectors like apparel, pharmaceuticals, automobiles, and electronics. The company provides full product lines based on robotics, systems, and algorithms, with strategic partnerships for customized AI and robotic solutions. Founded in 2015, Geek+ had previously closed an undisclosed Series D round led by CPE in early 2021. On August 8, 2022, Geek+ announced the closing of its $100 million Series E1 funding round, with investors including Intel Capital, Vertex Growth (also known as Xiangfeng Growth Fund), and Qingyue Capital Investment. The round valued the company at over $2 billion (approximately US$2 billion), marking it as a unicorn. Proceeds are earmarked for accelerating global market expansion, investing in AMR technology R&D for key product innovations, enhancing product differentiation with smart, sustainable solutions, and maintaining growth momentum. In 2021, Geek+ achieved annual revenue of $150 million and over $300 million in orders. For the first half of 2022, order volume doubled year-over-year compared to H1 2021, with expectations of sustaining 100% year-on-year growth for the rest of 2022. The company emphasized transitioning from scale pursuit to commercial success, profitability, and positive cash flow, leveraging first-mover advantages in the underserved labor-intensive logistics robotics market. Intel Capital highlighted Geek+'s leadership and existing technological cooperation, aiming to deepen ties for cloud, edge, and AMR solutions to drive smart logistics innovation. CEO Yong Zheng underscored confidence in growth trajectory amid surging demand for robotic automation. |
| Jun 2020 | Series C | V Fund Management (lead); Vertex Ventures; Warburg Pincus; Redview Capital | $50M | - | Geek+ is a Beijing-based provider of autonomous mobile robots (AMRs) for warehouse logistics and fulfillment, offering solutions like goods-to-person picking, bin-to-person systems, sorting, and fully integrated smart fulfillment centers. Founded in 2015, the company competes in the growing robotics automation space, similar to Amazon's Kiva systems, and has deployed over 10,000 robots serving nearly 300 customers in more than 20 countries, including Fortune 500 firms in retail, ecommerce, and 3PL. In June 2020, Geek+ announced the final closing of its over $200 million Series C funding round, split into two tranches: Series C1 in summer 2019 led by GGV Capital and D1 Capital Partners with Warburg Pincus, and Series C2 earlier in 2020 (finalized around June 17) led by V Fund Management, with participation from Redview Capital and Vertex Growth Fund (Vertex Ventures). This brought total funding to nearly $390 million at the time, following a $150 million Series B in November 2018 led by Warburg Pincus. The funding supported development of robotics solutions tailored to logistics, expansion of its robot-as-a-service model, and global partnerships. Geek+ emphasized its scale with the largest industry fundraises to date and innovations like a robot-making-robot factory producing 100% of its robots. It has won RBR50 innovation awards in 2019 and 2020. Later data shows $150 million annual revenue in 2021. The company continued raising funds post-2020, including a Series D in early 2021 led by CPE, $100 million Series E1 in August 2022 at over $2 billion valuation with Intel Capital and others, and a $281 million IPO in July 2025 at $2.8 billion market cap. |
| Jul 2019 | Series C | D1 Capital Partners (lead); GGV Capital (lead); Warburg Pincus | $150M | - | Geek+ is a Beijing-based provider of AI-driven autonomous mobile robots (AMRs) for logistics, offering solutions like goods-to-person picking, bin-to-person systems, sorting, and fully integrated smart fulfillment centers for warehousing and factories. Founded in 2015, it serves Fortune 500 customers in retail, apparel, e-commerce, manufacturing, automotive, pharmaceutical, and 3PL sectors across over 20 countries. By mid-2020, Geek+ had deployed over 10,000 robots to nearly 300 customers worldwide and received RBR50 innovation awards in 2019 and 2020. The Series C funding round, totaling over $200 million and the largest in the AMR industry at the time, was completed in two tranches. The first tranche (C1), around summer 2019, was led by GGV Capital and D1 Capital Partners, with participation from Warburg Pincus, matching the query investors. This followed a $150 million Series B in November 2018 led by Warburg Pincus and a $60 million Pre-B in 2017. The second tranche (C2) in early 2020 was led by V Fund with Redview Capital and Vertex Growth Fund. Geek+ planned to use Series C proceeds to deploy its CARE strategy: delivering efficient customer solutions, advancing AI in robotics and software, scaling Robot-as-a-Service models, and expanding ecosystem partnerships for digital supply chains. The company worked with Chinese giants like Alibaba and Suning while expanding globally despite U.S.-China tech tensions. Later developments include a 2025 HKEX IPO raising ~$347 million at a $2.82 billion valuation, with strong revenue growth but ongoing cash burn and losses as of late 2024. |
| Nov 2018 | Series B | Warburg Pincus (lead); Vertex Ventures; Volcanics Venture; Vertex Ventures China | $150M | $1B | Geek+ is a Beijing-based AI and robotics company founded in 2015, specializing in autonomous mobile robots for logistics and supply chain solutions, including goods-to-person picking, bin-to-person shuttling, sortation, forklifts, and disinfection robots. The company integrates robotics, AI, big data, cloud computing, and IoT to provide intelligent robotics and one-stop supply chain services, having delivered over 5,000 robots and implemented more than 100 robotics warehouse projects globally across regions like China, Hong Kong, Taiwan, Japan, Australia, Singapore, Europe, and the US. It has partnerships with leading multinational companies in e-commerce, logistics, automotive, fast fashion, and pharmaceuticals. On November 21, 2018, Geek+ closed a $150 million Series B funding round, described as the world's largest in AI-enabled logistics robotics, led by Warburg Pincus with participation from existing investors Volcanics Venture and Vertex Ventures China. Warburg Pincus committed about $100 million total through investments since 2017, including a prior $60 million Pre-B round. Geek+ demonstrated rapid traction, impressing investors with business expansion and internationalization, positioning it as a leader in revolutionizing supply chains through advanced technologies. Warburg Pincus highlighted its ability to address traditional supply chain pain points. Subsequent rounds included a $200 million Series C in 2020 (with C1 in 2019 led by GGV Capital and D1 Capital, Warburg Pincus participating) to fuel global expansion, serving nearly 300 companies worldwide with robotics solutions delivering measurable business returns. |
| Jul 2017 | Series B | Warburg Pincus (lead); Volcanics Venture | $60M | - | Geek+ is an AI and robotics company founded in 2015 that provides intelligent warehouse automation and supply chain solutions by integrating robotics, big data, artificial intelligence, cloud computing, and IoT technologies. The company specializes in autonomous mobile robots (AMRs) for logistics and warehouse operations, serving major customers including Nike, Walmart, and UPS. In the July 2017 Series B-1 round, Geek+ raised $60 million led by Warburg Pincus (the firm's first investment in China's AI sector), with participation from existing shareholder Volcanics Venture. This was described at the time as the largest single round of fundraising in the logistics robot industry globally. By the end of 2017, the company expected to deliver 2,000 robot units and had already deployed solutions across multiple warehouses. The company later achieved unicorn status with a valuation exceeding $1 billion by November 2018 when it completed a $150 million Series B-2 round, and ultimately went public on the Hong Kong Stock Exchange in 2021 raising $281 million at a $2.8 billion market cap. |
| Mar 2017 | Series A | Vertex Ventures (lead); Gaorong Capital; Volcanics Venture; Vertex Ventures China | $22M | - | Geek+ was founded in 2015 as an AI and robotics company specializing in intelligent logistics solutions and autonomous mobile robots for warehouse automation. The company integrated robotics, AI, big data, cloud computing, and IoT technologies to provide intelligent robotics and one-stop supply chain services. In March 2017, Geek+ closed a Series A round raising $14 million with participation from Gaorong Capital and Vertex Ventures. Following this initial institutional investment, Geek+ raised a $60 million Series B (Pre-B) round in July 2017 led by Warburg Pincus, followed by a $150 million Series B round in November 2018 that valued the company at over $1 billion, entering the unicorn club. By the time of the Series B announcement in 2018, Geek+ had delivered more than 5,000 robots and implemented more than 100 robotics warehouse projects globally to customers including Nike, Walmart, Toyota, and DHL. The company continued its growth trajectory with a $200 million Series C round in June 2020 and a $100 million Series E1 round in August 2022 at a valuation exceeding $2 billion, with revenue reaching $150 million annually by 2021. |
| May 2016 | Series A | Banyan Capital Partners (lead); Volcanics Venture (lead) | $8M | - | - |
Who has invested in Geek+?
13 investors have backed Geek+ across its funding rounds, including Warburg Pincus, Volcanics Venture, Vertex Ventures, Vertex Ventures China, Intel Capital and GGV Capital.
Lead investors include V Fund Management, D1 Capital Partners, GGV Capital, Warburg Pincus, Vertex Ventures and 2 other investors.
Geek+ Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Shanghai | 4 | Lead | May 2016 | |
 New York City, NY | 4 | Lead | Jul 2017 | |
 Singapore | 3 | Lead | Mar 2017 | |
| Beijing | 2 | Participant | Mar 2017 | |
| Beijing | 1 | Participant | Mar 2017 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Qingyue Capital Investment | China | 1 | Participant | Aug 2022 |
| San Francisco, CA | 1 | Lead | Jul 2019 | |
| New York City, NY | 1 | Lead | Jul 2019 | |
| Singapore | 1 | Participant | Aug 2022 | |
 Vancouver | 1 | Lead | May 2016 | |
 Hong Kong | 1 | Participant | Jun 2020 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Geek+
Geek+ has invested in 1 company to date.
Latest investment by Geek+ was on June 16th 2026. Geek+ invested in J-Elephant in their Series A round.
Latest Investments by Geek+
| Description | J-Elephant is a developer of intelligent mobile robot products and industrial automation solutions that produces forklift AMR systems for flexible internal logistics at manufacturing clients. |
| HQ Country | |
| HQ City | Beijing |
| Deal Date | 16 Jun 2026 |
| Round | Series A |
| Raised | undisclosed |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Geek+ investments and their VC round multiples. Start Free Trial | |
Geek+ Competitors
Geek+ competitors include listed companies like Beijing Dahao Technology and Harbin Boshi Automation, and private ones like Exotec, Quicktron Robotics, HAI ROBOTICS and Locus Robotics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Lille | Private | $100M | - | $2B | 20.0x | |
| Shanghai | Private | - | - | $2.3B | - | |
| Shenzhen | Private | - | - | $1.5B | - | |
| Wilmington, DE | Private | $150M | - | $1.4B | - | |
| China | Publicly listed | $448M | $138M | $2.2B | - | |
| China | Publicly listed | $422M | $106M | $1.7B | 3.5x |
Geek+ Public Comps
Geek+ is still privately-owned, but its public comps include ATS, Kardex Holding, Beijing Dahao Technology, Harbin Boshi Automation, Ennoconn, AEM, Beijing Geekplus Tech, Allient, ROKAE Robotics and Googol Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.1B | $260M | 1.3x | 1.3x | 10.6x | 9.6x | |||
| $979M | $83M | 2.1x | 1.9x | 24.5x | 16.4x | |||
| $448M | $138M | 4.9x | - | 15.8x | - | |||
| $422M | $106M | 3.5x | 3.5x | 14.0x | 11.4x | |||
| $4.5B | $475M | 0.7x | 0.6x | 6.9x | 6.5x | |||
| $313M | $37M | 7.1x | 4.9x | 61.1x | 28.1x | |||
| $473M | ($930K) | 4.0x | 3.3x | (2027.2x) | 200.6x | |||
| $554M | $67M | 3.3x | 3.1x | 27.4x | 22.4x | |||
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Common questions about Geek+
| When was Geek+ founded? | Geek+ was founded in 2015. |
| Where is Geek+ headquartered? | Geek+ is headquartered in Beijing, China. |
| Is Geek+ publicly listed? | No, Geek+ is a private, VC-backed company. |
| What is Geek+'s valuation? | Geek+ was last valued at $2B in its Series E in August 2022. |
| How much funding has Geek+ raised? | Geek+ has raised $540M across 7 funding rounds. |
| What was Geek+'s last funding round? | Geek+'s last funding round was a $100M Series E in August 2022. |
| Who are Geek+'s investors? | Geek+'s investors include Volcanics Venture, Warburg Pincus, Vertex Ventures, Vertex Ventures China, Gaorong Capital, Qingyue Capital Investment, GGV Capital, D1 Capital Partners, Vertex Growth Fund, Banyan Capital Partners and 3 others. |
| What is Geek+'s revenue? | Geek+'s latest recorded revenue is $150M (August 2022). |
| What is Geek+'s revenue multiple? | Geek+'s latest valuation implies a 13.3x revenue multiple ($2B valuation on $150M of revenue). |
| Which companies are comparable to Geek+? | Companies comparable to Geek+ include Exotec, Quicktron Robotics, HAI ROBOTICS, Locus Robotics, Beijing Dahao Technology and Harbin Boshi Automation. |
| How many companies has Geek+ invested in? | Geek+ has invested in 1 company, including J-Elephant. |
| What was Geek+'s last investment? | In June 2026, Geek+ invested in J-Elephant's Series A. |
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