Dreame CEO Expresses Gratitude Towards Xiaomi and Lei Jun

Deep News
Feb 07

On February 7, Dreame Technology's founder and CEO Yu Hao posted on social media, stating, "Xiaomi and Shunwei were Dreame's angel investors. In 2017, Xiaomi and Shunwei invested 14 million yuan in us and provided our earliest orders. Eternal gratitude to Xiaomi and Mr. Lei!" It is understood that Dreame was initially one of the members of Xiaomi's ecosystem chain, and its early financing also largely came from Xiaomi-related capital. It was not until October 2021 that Dreame completed a Series C financing round of 3.6 billion yuan, introducing follow-on investments from institutions such as Huaxing Growth Capital and Yunfeng Capital. This funding also enabled Dreame to successfully reduce its reliance on Xiaomi.

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