What is Union Tech?
Established in 2000, Union Tech has emerged as a cornerstone of China's additive manufacturing industry. With over two decades of specialized experience, the company has solidified its position as a market leader, particularly in Stereolithography (SLA) 3D printing, where it currently commands over 60% of the domestic market share. By prioritizing a customer-centric R&D strategy, Union Tech provides comprehensive, professional-grade technology solutions that cater to the complex demands of industrial clients. Its influence extends beyond manufacturing, as evidenced by its leadership roles in the China 3D Printing Technology Industry Alliance and the Shanghai Additive Manufacturing Association, cementing its status as a critical infrastructure provider for industrial digitalization.
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, Evonik Venture Capital, Dening Capital, CASH Capital, Yingke PE, and Luhe Venture Capital
Unspecified (2022): $30M led by Dragonrise Capital, CASH Capital, CITIC Goldstone, Oriza FOFs, and Mount Morning Capital
Key Investors in Union Tech
CASH Capital
Guokejiahe 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.
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.
Evonik Venture Capital
Evonik Venture Capital is a company that operates in the Venture Capital & Private Equity industry, focusing on strategic investments in innovative industrial technologies.
What's next for Union Tech?
With this major strategic investment, Union Tech is well-positioned to accelerate its industrialization efforts and expand its technological footprint. The capital will likely be deployed to enhance R&D capabilities, further refining its SLA printing systems to meet the increasing demand for high-precision, large-scale manufacturing. By leveraging its deep industry expertise and strong institutional backing, Union Tech is poised to drive the next wave of innovation in the additive manufacturing sector, focusing on the integration of data-driven industrial internet technologies to optimize production workflows for its extensive client base.
See full Union Tech company page
