# Narwal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/narwal

- Industry: Consumer Products
- Headquarters: Shenzhen, China
- Website: www.narwal.com
- Total disclosed funding: $14M
- Latest round: Series E (Nov 20, 2024)
- Investors on record: 6

## About

Founded in 2016 and based in Shenzhen, China, Narwal is a home robot developers that mainly provides sweeping robots and floor scrubbers. It has branches in Dongguan, Wuhan, and Shenzhen, and has stores in Chengdu, Guangzhou, Suzhou, and other cities. The founder of the company, Junbin Zhang graduated from the Michigan College of Shanghai Jiao Tong University. In April 2025, Narwal raised USD 100 million in venture funding co-led by new investor Beijing Robotics Industry Investment Fund and returning investor Tencent Investment, with participation from other new investors Shougang Fund, and Futurobot Holding and another returning investor Future Capital Discovery Advisory (Hong Kong) Limited.

The company mainly provides sweeping robots and floor scrubbers based on AI object recognition, robot structure, big data, and other technologies. Sweeping robots include J1, J2, J3, and J4, with a price range of 2,000 to 5,000 yuan. Floor scrubbers include S1, S1 Max, S1 Pro, and S2, with a price range of 1,000 to 3,000 yuan. Narwal also provides software that matches the product and remotely controls the robot through an APP. The products are sold through offline brand stores and online platforms such as Douyin, JD.com, and Taobao.

The company generates revenue by providing sweeping robots and floor scrubbers.

The company will use the funding for the development of Yunjing's first home embodied smart product.

## Funding rounds

- Series E, Nov 20, 2024 — Infore Capital
- Series C, Jun 22, 2020 — Hong Shan, Source Code Capital, ByteDance, GL Ventures
- Series B, Apr 2, 2020, $14M — Infore Capital, Source Code Capital, ByteDance, Dami Ventures
- Series A, Aug 17, 2019 — Infore Capital, Dami Ventures

## Investors

- Infore Capital (https://capitalatlas.ai/funds/infore-capital) — Series A, Series B, Series E
- Dami Ventures (https://capitalatlas.ai/funds/dami-ventures) — Series A, Series B
- Source Code Capital (https://capitalatlas.ai/funds/source-code-capital) — Series B, Series C
- ByteDance — Series B, Series C
- Hong Shan — Series C
- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series C