Ant Group and Meituan Dragonball co-led the $50m Series B+; Sofina and Granite Asia joined. Total Series B funding now stands at $120m at a near-$400m post-money valuation, ahead of Wednesday’s global X-Series launch.
Hypershell, the Shanghai-based consumer-exoskeleton company, has raised a $50m Series B+ co-led by Ant Group and Meituan Dragonball (referred to in the announcement as DragonBall Capital), with Sofina and Granite Asia participating. Cygnus Equity served as the exclusive financial advisor.
The round is the second tranche of a Series B series that takes the company’s total raised to $120m at a near-$400m post-money valuation, Yicai Global has separately confirmed.
What gives the round its category-defining quality is the timing. The wider B series, on Hypershell’s own disclosures, was raised inside a twelve-month window: $70m in pre-B and B rounds in November 2024, led by Luminous Ventures and 5Y Capital, then today’s $50m Series B+.
That cadence, on the cleanest read of the cap table, signals that Ant Group and Meituan Dragonball entered at the moment Hypershell’s unit economics moved from product-market-fit demonstration to volume-scaling proof point.
