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UnionTech raises US$30 million in Series D
Chinese 3D printer, ranked No 1 in world by shipment, builds closed-loop system
The Asset 6 Jan 2022

Chinese industrial 3D printing firm UnionTech has completed a US$30 million Series D financing led by Dening Capital, Cash Capital, Yingke PE and Dragonrise Capital Advisors, with additional investment from Evonik Venture Capital and Luhe Venture Capital, both Series C round investors and UnionTech shareholders.

UnionTech, founded in 2000, has maintained rapid growth for nearly a decade with an average annual revenue growth rate of more than 50%. The company has jumped to first place in the world in Q1 and Q2 of 2021 by shipment, according to Contextworld, under the classification of industrial-level 3D printing equipment.

The company, whose products cover 3D printing equipment, materials and applications, has formed a full closed loop in the upstream, midstream and downstream of the industry. With its data pre-processing software Polydevs, printing control software RSCON/DSCON, process algorithm software BP, and digital production management collaboration system UnionFab, it has built a complete 3D printing software system.

In the third quarter of 2021, UnionTech and China's leading All-in-One CAx (CAD/CAE/CAM) provider, ZWSOFT, reached an overseas strategic cooperation agreement.

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