Lxson Raises Nearly RMB 200 Million in Angel Round, Co-Invested by Monolith

Lxson, founded by Renjie Guo, former executive president of Dreame's China operations, has announced the completion of its angel round. The round was led by Monolith, IDG Capital, Matrix Partners China, ZhenFund, Sequoia Seed Fund, and Oasis Capital, raising nearly RMB 200 million. The funds will be used primarily for product R&D and team building.

Xi Cao, founding partner of Monolith, said: "Over the past two years, we've witnessed the rapid evolution of AI and embodied intelligence technologies. As these technologies advance, we're seeing more and more scenarios and product possibilities being unlocked. The commercialization of AI and embodied intelligence will present structural opportunities in the coming years. Renjie is an exceptional young entrepreneur. From P&G to Dreame, and now starting anew, we believe he will continue to lead innovation in AI-native products. The next generation of great companies can be defined by young people."

Just one month after its founding, Lxson has already gained recognition from leading investment institutions. As of January 2025, the team comprises nine members, including a CTO from a company with over RMB 100 billion market cap, a 20-year veteran of the consumer electronics industry, and creative Gen Z talent.

"We need to balance youthful innovation with the grounding that experience provides — enabling young people to come here and change the world, while holding ourselves to the highest global product standards from day one," said Renjie Guo, founder and CEO of Lxson.

Guo entered university at 15, graduating from the Xi'an Jiaotong University Youth Class (energy and power engineering) and the Jinhe Center for Economic Research, and earned his master's in financial economics from the London School of Economics. He joined Dreame in early 2021, where he eventually led a team of more than 1,500 people.

Over the past three years, Guo grew Dreame's China business from zero to RMB 6 billion in annual revenue, achieving triple-digit growth for three consecutive years while successfully executing a premium brand transformation. In November 2023, Dreame became the top brand in China's cleaning appliance market by market share.

As a young CEO born in 1997, Guo believes we are in the midst of a transformative technological wave, with many world-changing products still in their infancy. "The products everyone will be using in 30 years probably don't even exist today" — a favorite quote of Guo's that captures his determination and conviction in this venture.

Renjie Guo (third from left) with his team

Lxson will focus on innovation in consumer electronics, with a mission to commercialize cutting-edge technology and deliver continuously upgraded experiences through ever-evolving products. "I love our company name, and it's a standard we set for ourselves — we want our products to let users joyfully enjoy technology," Guo explained. "We hope our technology isn't cold, but warm."

Guo believes that advances in robotics and AI will give rise to a new generation of interaction-based products that will quickly enter everyone's daily lives. "AI and robotics technology are advancing at tremendous speed. I hope to leverage my accumulated experience in consumer products to explore productization from a different angle. At the same time, the new opportunities created by maturing technologies call for fresh perspectives in this industry."

This funding round will support product development and team building as Lxson iterates to find product-market fit based on consumer insights and the logic of how new technology enters traditional products. Accordingly, the company is registered in Suzhou, which has a complete manufacturing supply chain and a flexible, mature supplier ecosystem that enables rapid iteration.

"In our initial phase, we'll focus on technology R&D and consumer insights, working to build more competitive products. Then we'll gradually construct competitive moats, including self-developed core components and channel barriers. We'll continuously embrace the best technologies and partners, hoping to create synergies where one plus one exceeds two," Guo said.

From its first day, Lxson has positioned itself as a global technology company, aiming to create next-generation world-leading products and brands. Guo believes that "matching China's R&D and supply chain advantages with the global market is how we maximize the value of innovative products."

Going forward, Lxson will continue to explore combining the world's best technology with consumer product expertise to create world-leading consumer hardware.