NIMO maker bit fantasy raises hundreds of millions of yuan in angel round at $210M valuation
What's the deal? bit fantasyDealroom has a profile for this one. Try Dealroom →, the Chinese company behind smart glasses brand NIMO, has raised several hundred million yuan in an angel round, reaching a valuation of US$206.3M. Investors include bohua capitalDealroom has a profile for this one. Try Dealroom →, gobi partnersDealroom has a profile for this one. Try Dealroom →, oriza puhua, and shangshi capitalDealroom has a profile for this one. Try Dealroom →.
Where the money goes: bit fantasy will spend the funds on product research and development, channel expansion, and overseas markets.
The product: NIMO shipped its first product in April 2026 and now sells several thousand units a month. The company positions it as a fashion-tech eyewear brand, prioritising wearability over feature count — its first device weighs roughly 29g, which co-founder He Dilong says is the first display AI glasses to come in under 30g.
How it's built: The display runs on a 0.06-inch MicroLED chip that the company says is the world's smallest mass-produced silicon-based microdisplay, with 70% lower power draw than peers. NIMO built a 0.03cc optical engine and a 0.6mm holographic waveguide lens, using carbon-fibre composite frames and β-titanium hinges.
The trade-off: NIMO cut features such as cameras and speakers from its first product to save weight and space. "Camera and speaker greatly increase product volume, making users feel discomfort when wearing," He said, adding the team is developing custom modules for future models.
Why offline matters: Founded in July 2025, bit fantasy sells through DouyinDealroom has a profile for this one. Try Dealroom →, JD.com, and about 150 physical stores, and is expanding into LOHODealroom has a profile for this one. Try Dealroom → outlets. He argues smart glasses still need the traditional eyewear journey — fitting, try-ons, lens replacement, and after-sales support.
The company has also partnered with Hong Kong-listed eyewear manufacturer Moulin Global Eyecare (01120.HK), which brings more than 50 years of industry experience.
The signal: Investor appetite for smart glasses remains strong, but NIMO is betting the category's real barrier is not chips or AI — it's whether people will actually wear the things. Its pitch reframes the race as a consumer-eyewear problem, not a hardware spec sheet.
Read more: sohu.com
Image credit: Generated with Gemini
