Xiaomi-backed smart home player raises $100 million
Lumi United, a Chinese smart home appliances and internet-of-things (IoT) solutions provider backed by smart phone maker Xiaomi, has raised $100 million in the third tranche of a Series B funding round.
Grand Flight Investment led the tranche, with participation from Cathay Capital, Joy Capital, and Yunmu Capital. Founded in 2009, Lumi develops smart home appliances - such as electric curtains, smart...
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