Physix FrontierM
Mech-Mind Robotics
Funding History
- IPOUndisclosed — Issue Price: HK$101.70; Market Cap at Listing: HK$12.71B; Snapshot as of Sep 8, 2026: HK$10.00B; Shares Issued: Global offering of 23.1406 million H shares (approx. 5% public offering in Hong Kong, approx. 95% international offering, with a 15% over-allotment option); Lock-up Period: Controlling shareholder lock-up period executed per Chapter 18C rules | Source: Prospectus/Exchange disclosures
- Pre-IPO RoundRMB 320M — Amount: RMB 317M; Post-money valuation: RMB 6.367B; Led by Undisclosed | The last round before IPO, post-money valuation RMB 6.367B; significantly premium compared to IPO market cap of HKD 12.71B | Source: Era Finance (citing prospectus)
- Series C RoundUndisclosed — Amount: Hundreds of millions RMB; Led by: Meituan (Beijing Kuxun Technology) | Led by Beijing Kuxun Technology under Meituan; Pre-IPO holding of 6.94% (8.6792 million shares) | Source: Baidu Baike · Times Finance
- Series B++ RoundUndisclosed — Amount: nearly RMB 100M; led by Source Code Capital | Participated by Source Code Capital and Sequoia China | Source: Baidu Baike · AiQiCha
- Series B RoundUndisclosed — Amount: Undisclosed (main financing of Series B); Led by Sequoia Capital China Fund | Sequoia's investment team visited pilot factories in 10 cities over two months to verify implementation capabilities, subsequently participating in 4 consecutive rounds; Held 11.11% via Hanchen prior to IPO | Source: Baidu Baike · Sina Finance
- Strategic InvestmentUndisclosed — Amount: Undisclosed; Led by Intel (Intel Capital) | Strategic investment by Intel; in the same year, Mech-Mind began its overseas expansion; held 3.12% stake (3.8995 million shares) prior to IPO | Source: Baidu Baike · Time Finance
- Series A++ RoundUndisclosed — Amount basis: Hundreds of millions level (combined with Series A); Led by: Qiming Venture Partners | Qiming Venture Partners led exclusively, subsequently becoming one of the lead senior independent investors under the 18C charter; Pre-IPO stake 7.38% | Source: PR Newswire · Sina Finance
- Series A RoundUndisclosed — Amount: Undisclosed; led by Delian Capital. Source: Sina Finance 2026-09-01
- Pre-Series A RoundRMB 15M — Amount: RMB 15M; Led by Hua Chuang Capital | Hua Chuang Capital invested exclusively, moving the company's technology prototype toward engineering. | Source: Baidu Baike · Aiqicha
- Angel RoundUndisclosed — Amount: Several million yuan (exact amount undisclosed); Led by PreAngel | Company was located in Wudaokou incubator at the time, still in technical prototype stage | Source: Sina Finance 2026-09-01