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Private Equity
broadvisionfunds.com

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Investments

21

Portfolio Exits

2

Funds

1

About Broad Vision Funds

Broad Vision Funds is a private equity firm that focuses on growth-stage companies in the medical and advanced manufacturing industries.

Broad Vision Funds Headquarter Location

Room 805, Block B, Global Trade Center East Town District

Beijing, Beijing,

China

+86 010-59562230

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Latest Broad Vision Funds News

Chinese Cleaning Robot Developer Gaussian Robotics Raises $22M In Series B Round

Sep 2, 2020

September 2, 2020 — 12:55 Chinese smart robotic solutions provider Gaussian Robotics has raised RMB150 million (US$22 million) in a series B+ round of financing, led by Broad Vision Funds and China Capital Management. Bluerun Ventures, Grand Flight Investment and Korea Investment Partners (KIP) also poured money into the round. Gaussian Robotics was established in 2013 and mainly develops intelligent cleaning robots. It is the first company in the cleaning robot industry to provide simultaneous localization and mapping (SLAM) solutions. Its robot functions include dust pushing, vacuuming, cleaning, washing, polishing, disinfecting, etc., which can be flexibly matched with various equipment for each application scene. So far, Gaussian Robotics mainly has six product lines, including: Ecobot Scrubber 75 for indoor and outdoor floor cleaning and disinfection; Ecobot Scrubber 50 for indoor floor cleaning, medical-grade disinfection, and dust pushing; Ecobot Polistar 60 for indoor stone caring; Ecobot Sweep Vacuum Mini dedicated to sweeping and vacuuming indoor carpets and hard surfaces; Ecobot Sweeper 111 dedicated to autonomously dumping garbage outdoors; Ecodrive Sweeper G2, unmanned sanitation vehicles used in municipal roads and parks. Cheng Haotian, founder and CEO of Gaussian Robotics, said that cleaning and sanitation work is a typical simple and repetitive work, suitable for automation and unmanned transformation; at the same time, the aging population in China is growing. Among the more than 10 million sanitation workers, those over 55 years old account for 70%. Recruiting people is difficult and expensive, which has restricted the development of the cleaning industry. From a technical point of view, the core algorithm of intelligent cleaning robots is becoming more mature and the cost of core components is continuously reduced, making automation possible in practice. Gaussian Robotics completed a RMB100 million series B round financing in March last year led by Grand Flight Investment; and raised a series A round of financing worth tens of millions of U.S. dollars from Seven Seas Partners and BlueRun Ventures in May 2018.

Broad Vision Funds Investments

21 Investments

Broad Vision Funds has made 21 investments. Their latest investment was in LinearX as part of their Seed VC - II on July 7, 2022.

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Broad Vision Funds Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/28/2022

Seed VC - II

LinearX

$14.8M

Yes

4

4/17/2022

Series C

Gantu AI

No

5

2/28/2022

Series B - II

Inceptio Technology

$188M

No

17

1/4/2022

Series B - II

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10

11/11/2021

Private Equity

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$99M

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10

Date

7/28/2022

4/17/2022

2/28/2022

1/4/2022

11/11/2021

Round

Seed VC - II

Series C

Series B - II

Series B - II

Private Equity

Company

LinearX

Gantu AI

Inceptio Technology

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Amount

$14.8M

$188M

$99M

New?

Yes

No

No

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Co-Investors

Sources

4

5

17

10

10

Broad Vision Funds Portfolio Exits

2 Portfolio Exits

Broad Vision Funds has 2 portfolio exits. Their latest portfolio exit was MicroPort NeuroTech on July 14, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/14/2022

IPO

$99M

Public

4

1/18/2021

IPO

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$99M

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10

Date

7/14/2022

1/18/2021

Exit

IPO

IPO

Companies

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Valuation

$99M

$99M

Acquirer

Public

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Sources

4

10

Broad Vision Funds Fund History

1 Fund History

Broad Vision Funds has 1 fund, including Ningbo Meishan Bonded Area Bohua Guangcheng Venture Capital Fund LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Ningbo Meishan Bonded Area Bohua Guangcheng Venture Capital Fund LP

Multi-Stage Venture Capital

Open

1

Closing Date

Fund

Ningbo Meishan Bonded Area Bohua Guangcheng Venture Capital Fund LP

Fund Type

Multi-Stage Venture Capital

Status

Open

Amount

Sources

1

Broad Vision Funds Team

1 Team Member

Broad Vision Funds has 1 team member, including current Founding Partner, Wenbo Xu.

Name

Work History

Title

Status

Wenbo Xu

Founding Partner

Current

Name

Wenbo Xu

Work History

Title

Founding Partner

Status

Current

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