What is Union Tech?
Established in 2000, Union Tech is a pioneering force in China's 3D printing industry, boasting over two decades of experience. The company specializes in Stereolithography (SLA) 3D printing, catering to industrial clients and holding a dominant domestic market share exceeding 60%. Union Tech is recognized for its customer-centric approach, developing customized R&D strategies to provide comprehensive professional 3D printing technology solutions and robust pre-sales and after-sales services. Its extensive influence and high brand awareness in the Additive Manufacturing (AM) industry are further solidified by its leadership roles in key industry alliances and associations, including being a Council Member of the China 3D Printing Technology Industry Alliance and Vice-chairman of the Shanghai Additive Manufacturing Association.
How much funding has Union Tech raised?
Union Tech has raised a total of $60M across 2 funding rounds:
Series D
$30M
Unspecified
$30M
Series D (2022): $30M with participation from Dragonrise Capital Advisors, CASH Capital, Evonik Venture Capital, Dening Capital, Yingke PE, and Luhe Venture Capital
Unspecified (2022): $30M led by CITIC Goldstone, CASH Capital, Oriza FOFs, Dragonrise Capital, and Mount Morning Capital
Key Investors in Union Tech
CASH Capital
国科嘉和 is a leading investment management firm focused on hard technology sectors, managing assets worth 740 billion yuan across 11 funds. The company aims to foster innovation and economic prosperity by investing in high-tech enterprises, particularly in fields such as artificial intelligence, big data, and semiconductor technology. Their clientele includes startups and established companies in the technology sector, seeking capital and strategic support for growth. Established in 2011, 国科嘉和 has invested in over 160 entrepreneurial ventures, positioning itself as a key player in the Chinese investment landscape.
Evonik Venture Capital
Evonik Venture Capital is a company that operates in the Venture Capital & Private Equity industry. It employs 20to49 people and has 1Mto5M of revenue. The company is headquartered in Austria.
Mount Morning Capital
晨山资本 is a venture capital fund focused on early and growth-stage investments, specializing in the data-driven industrial internet sector. The company aims to be a close entrepreneurial partner for outstanding entrepreneurs, contributing to social progress and creating fundamental value. They actively engage in various investment opportunities and provide insights into the evolving landscape of cloud computing and industrial digitalization. Their intended clients include innovative companies seeking investment and support in the data-driven technology space.
What's next for Union Tech?
With a significant enterprise-level funding injection, Union Tech is poised for accelerated expansion and technological innovation. The recent strategic investment, likely a Series D or equivalent, suggests a focus on scaling operations, enhancing its market leadership, and potentially exploring new applications or geographical markets. The company's strong foundation in SLA technology and its established industrial client base provide a solid platform for future growth. Future endeavors will likely involve further solidifying its domestic dominance while potentially pursuing international market penetration, leveraging its deep industry expertise and strong investor backing to drive advancements in the 3D printing landscape.
See full Union Tech company page
