What is Union Tech?
Established in 2000, Union Tech has emerged as a pioneer in the Chinese 3D printing industry, witnessing and participating in the sector's most critical developmental milestones. The company specializes in providing comprehensive professional 3D printing technology solutions, with a particular focus on SLA (Stereolithography) printing. Currently, Union Tech commands over 60% of the domestic market share, a testament to its customer-oriented R&D strategy and high-quality service standards. As a key council member of the China 3D Printing Technology Industry Alliance, the firm is deeply integrated into the industrial ecosystem, serving as a fixed-point unit for industrial technology advancement in Shanghai.
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 Yingke PE, Luhe Venture Capital, CASH Capital, Evonik Venture Capital, Dening Capital, and Dragonrise Capital Advisors
Unspecified (2022): $30M led by Dragonrise Capital, Mount Morning Capital, CASH Capital, CITIC Goldstone, and Oriza FOFs
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 that align with industrial innovation and chemical technology advancements.
What's next for Union Tech?
With the recent capital injection, Union Tech is well-positioned to accelerate its industrial digitalization initiatives and expand its influence in the global additive manufacturing market. The strategic focus will likely shift toward enhancing its proprietary R&D capabilities and deepening its integration within the industrial internet sector. By leveraging its existing client base and technical expertise, the company aims to solidify its leadership position while exploring new frontiers in high-precision manufacturing. The ongoing support from institutional investors suggests a clear path toward sustained growth and the continued industrialization of 3D printing technologies on a broader scale.
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