UnionTech Closes $30M Funding Round
Summary
UnionTech, a Shangai, China-based leader in the 3D printing industry, completed a $30m Pre-IPO funding following the completion of the Series D round in November last year. This round was led by CITIC Goldstone, followed by Oriza FOFs, and joined by three existing shareholders, including Cash Capital, Dragonrise Capital, and Mount Morning Capital. The company will use the funds to develop new materials, extend product lines, build a printing system platform, and promote applications of printing technology. Led by Mr. Ma Jinsong, General Manager, UnionTech focused on additive manufacturing offering 3D printers, 3D printing materials, 3D printing software, and printing applications for global customers, building a complete 3D printing ecosystem. Currently, the company mainly markets its products in five regions including China, Europe, North America, Asia Pacific, and the Middle East, and serves over 3,000 customers in more than 50 countries and regions worldwide.