What is Union Tech?
Established in 2000, Union Tech has been a pioneer in China's additive manufacturing (AM) sector, witnessing and actively participating in the industry's primary development phases. The company distinguishes itself through a customer-centric approach, tailoring research and development strategies to meet diverse client demands. Union Tech offers comprehensive professional 3D printing technology solutions, complemented by high-quality pre-sales and after-sales services. With over two decades of experience, the company commands a significant industrial client base in Stereolithography (SLA) 3D printing, holding over 60% of the domestic market share. This dominance has cemented Union Tech's extensive influence and high brand awareness within the AM industry. Currently, Union Tech holds influential positions as a Council Member of the China 3D Printing Technology Industry Alliance, Vice-chairman and Executive Council Member of the Shanghai Additive Manufacturing Association, and is a designated 3D Printing Technology Industrialization Fixed-point Unit of the Shanghai Industrial Technology Institute.
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, Luhe Venture Capital, Dening Capital, and Yingke PE
Unspecified (2022): $30M led by CASH Capital, CITIC Goldstone, Mount Morning Capital, Dragonrise Capital, and Oriza FOFs
Key Investors in Union Tech
CASH Capital
CASH Capital is a leading investment management firm focused on hard technology sectors, managing substantial assets and aiming to foster innovation by investing in high-tech enterprises. They are a key player in the Chinese investment landscape, supporting startups and established companies.
Mount Morning Capital
Mount Morning Capital (晨山资本) is a venture capital fund specializing in early and growth-stage investments within the data-driven industrial internet sector. They aim to be a close entrepreneurial partner, contributing to social progress and creating fundamental value.
Evonik Venture Capital
Evonik Venture Capital operates within the Venture Capital & Private Equity industry, focusing on strategic investments to drive innovation and growth in emerging technologies. They are known for their engagement in high-potential ventures.
What's next for Union Tech?
The recent major strategic investment into Union Tech signals a pivotal moment for the company, likely enabling further expansion of its technological capabilities and market reach. Given its dominant domestic market share and extensive experience, this capital infusion is expected to fuel innovation in advanced 3D printing solutions and potentially support international market penetration. The company's established leadership roles in key industry alliances suggest a strategic focus on shaping the future of additive manufacturing in China and beyond. Union Tech's commitment to customized R&D and comprehensive service indicates a forward-looking strategy aimed at solidifying its position as a leader in high-quality, professional 3D printing technology.
See full Union Tech company page
