Addor Capital

Addor Capital is a growth capital investment firm established in 2014 and located in Nanjing, China. The firm specializes in providing investment services by financing early-stage ventures and acquiring securities of various companies. Addor Capital focuses on a diverse range of sectors, including clean technology, health, new materials, advanced manufacturing, consumer services, cultural industries, and technology, media, and telecommunications. Its investment strategy encompasses seed-stage, early-stage, later-stage, and growth-stage companies, primarily within China.

Fan Liping

Founding Partner

Meng, Xiaoying

Investment Director

Wang Yinzhi

Partner

Xue Yi

Senior Partner

Jin Yi

Partner

Yuan Yaguang

Partner

Past deals in Manufacturing

TwinSolution Technology

Series C in 2025
TwinSolution Technology is a provider of professional test interface products and solutions specifically designed for the semiconductor industry. The company develops and manufactures a range of products, including ATE test sockets, MEMS chip probes, test probes, probe cards, and other test sockets. These products are essential for the testing and packaging of various semiconductor components, catering to manufacturers of mobile phone chips, memory chips, AI chips, and advanced materials like Gallium Nitride and Carbon Silicon wafers. TwinSolution Technology plays a critical role in ensuring the efficiency and reliability of the chip testing process, delivering key industrial components to enhance semiconductor production.

Meijie Optoelectronics

Series A in 2025
Meijie Optoelectronics is a high-tech manufacturer specializing in the production of testing equipment for the semiconductor industry. The company offers comprehensive solutions, integrating research and development, manufacturing, and operations to provide customers with advanced technology for semiconductor measurement, inspection, and testing. This is achieved through a blend of optical design, graphics processing, algorithm analysis, and mechanical control technologies.

Atlan Technology

Series A in 2025
Atlan Technology manufactures advanced non-woven materials, specializing in high-performance fiber composites.

Summer Sprout Technology

Venture Round in 2025
Summer Sprout Technology is a developer and manufacturer specializing in organic light-emitting diode (OLED) materials and technology for display and lighting applications. Established in 2017 and based in Mentougou, Beijing, China, the company focuses on the research and development, as well as mass production, of a new generation of OLED materials that feature independent intellectual property rights. Its offerings include a range of OLED materials, such as conductive doped materials and various light-doped materials, which have been recognized by OLED panel manufacturers. This recognition has allowed Summer Sprout to achieve mass production and supply, contributing to the diversification of the OLED industry and challenging the dominance of foreign companies. The founding team comprises professionals from Tsinghua University and established industry firms, underscoring the company’s commitment to innovation and advancement in OLED technology.

Fuxuan Technology

Venture Round in 2025
Fuxuan Technology is a professional supplier of FAB high-purity chemical conveyance equipment and systems, high-purity chemical manufacturing and packaging equipment and systems, and high-end chemical production equipment and control systems.

Ruipu Rubber & Plastic

Series B in 2025
Ruipu Rubber & Plastic is a manufacturing company that specializes in the development and production of rubber and plastic components. Its primary focus is on serving the electric vehicle, automotive, home appliance, and industrial sectors. The company's product range includes chassis damping system components, sealing circles, and rubber pads, catering to clients' needs for rubber and plastic components.

SiVision Technology

Series B in 2025
SiVision Technology is a semiconductor equipment developer specializing in independent development of high-end process node wafer manufacturing solutions.

Xingwei Technology

Series B in 2024
Xingwei Technology is a high-tech enterprise focusing on high-end equipment, develops and manufactures high-performance Machine equipment and motion control systems. .

Vulcan

Venture Round in 2024
Vulcan is an engineering ceramics technology company that specializes in manufacturing mechanical seals and its materials.

Baiyushun Technology

Series A in 2024
Baiyushun is a computer accessories R&D and manufacturing company specializing in the production and processing of notebook shells and keyboards.

Tota Info

Series A in 2024
Tota Info is an intelligent technology company that specializes in integrated hardware and software solutions for smart factories within the semiconductor industry. The company develops and provides advanced manufacturing solutions that leverage technologies such as autonomous guided vehicles, artificial intelligence, and deep learning. Tota Info's offerings cater to domestic semiconductor manufacturers and encompass the entire industrial chain, including silicon wafer production, packaging, and testing. By implementing Tota Info's solutions, industrial users can enhance quality control, improve machine efficiency, optimize product manufacturing processes, and achieve better cost management.

Zibo Xincai

Series B in 2024
Zibo Xincai is an integrated circuit manufacturing company that focuses on the development, manufacturing, and sales of core materials for semiconductor packaging.

Ruiwei New Materials

Venture Round in 2024
Ruiwei New Materials is a high-tech enterprise focuses on the research and development, design, production and supply of new materials in the field of chip heat dissipation.

Xijia Precision

Venture Round in 2024
Xijia Precision provides polymer elastomers and high-functional plastic components.

Arrayed Materials

Series B in 2024
Arrayed Materials is a company based in Shenzhen, China, that focuses on the development and manufacture of material fabrication systems utilizing pulsed laser deposition technology. It specializes in thin-film materials and high-throughput material preparation systems, catering to a variety of industrial applications. The company's technology is applied across multiple domains, including superconductors, lithium batteries, ceramics, photoelectric materials, sensors, alloys, semiconductors, and magnetic materials. Arrayed Materials offers a range of services, including high-speed material testing, property characterization, and various performance tests, enabling clients to automate data recording and facilitate intelligent comparisons of synthesis processes.

Ruiwei New Materials

Series B in 2024
Ruiwei New Materials is a high-tech enterprise focuses on the research and development, design, production and supply of new materials in the field of chip heat dissipation.

Dehu Coating Film

Series A in 2024
Dehu Coating is an equipment manufacturing company that specializes in precise film forming technology R&D, manufacture, and sales.

Zhongji New Materials

Series A in 2024
Zhongji New Materials is a high-tech company focused on technology research. It produces precision grinding and polishing products.

Chengdu Maike

Seed Round in 2024
Chengdu Maike is a hardware manufacturer that produces TGVs, IPD technical services, and related products. That provides atomizer glass, glass-based and folded substrates, 3D glass, microprocessing, micro, and mini-LED substrates, electronic materials, and TGV-related characteristic process equipment.

Meeyear Intelligent Technology

Venture Round in 2024
Meeyear Intelligent Technology specializes in the development and manufacturing of precision parts and automation equipment, focusing on stamping molds and various molding production techniques. The company offers a range of products tailored to meet the specific needs of industrial users, employing processes such as standardization, modularization, and special customization. By providing advanced stamping molds and embedded injection molding production, Meeyear aims to enhance the efficiency and effectiveness of manufacturing operations for its clients.

ZhiRen JingXing

Series A in 2024
ZhiRen JingXing is a research and development platform specializing in new materials, particularly alloy materials for industrial applications. The company is dedicated to the study, development, and manufacture of high-end energetic materials, light alloy composite materials, and soft magnetic metal materials. Additionally, ZhiRen JingXing focuses on additive manufacturing technology and equipment, aiming to provide advanced material solutions to industrial users. Through its innovative approach, the company seeks to enhance the capabilities and performance of materials used in various industrial production processes.

Longsheng Optoelectronics

Series B in 2024
Longsheng Optoelectronics is a high-tech firm that specializes in manufacturing, & sale of new materials for liquid crystal dimming films.

Aerospace Jichuang

Series A in 2024
Aerospace Jichuang is deeply involved in the fields of special equipment Internet of Things and intelligent manufacturing.

Zhizhen Precision

Series A in 2023
Zhizhen Precision Instrument is a tech enterprise mainly engaged in the research, development, and production of integrated circuit production line testing equipment and high-end scientific instruments. They are manufacturers of microelectronic testing and processing equipment and are committed to solving the key technical problems that are stuck in the development and manufacturing of microelectronic products.

Xinqin Microelectronics

Series A in 2023
Xinqin Microelectronics is a semiconductor wafer manufacturing company that specializes in production of special electronic materials, advanced semiconductor packaging and new displays.

Chixin Microelectronics

Seed Round in 2023
Chixin Microelectronics is a supplier of silicon carbide plastic power module testing and packaging services. It is committed to creating new technologies for power module packaging and testing.

Mianyin Automotive Technology

Series A in 2023
Mianyin Automotive Technology offers HVH engineering services with an emphasis on NVH acoustic design services and provides acoustic laboratory solutions.

Longsheng Optoelectronics

Series B in 2023
Longsheng Optoelectronics is a high-tech firm that specializes in manufacturing, & sale of new materials for liquid crystal dimming films.

Bangming New Materials

Venture Round in 2023
Bangming Innovative Materials is a developer of OLED photoresists and photosensitive materials for OLED panels and other innovative display panels. The first OLED photoresist was developed, completed, and introduced to the industry at the end of 2019.

Xingwei Technology

Venture Round in 2023
Xingwei Technology is a high-tech enterprise focusing on high-end equipment, develops and manufactures high-performance Machine equipment and motion control systems. .

Superfuse

Series A in 2023
Specializing in research, development, and production of high-performance fuse products, Superfuse focuses on innovative solutions for new energy vehicles, charging piles, wind and solar storage systems, two-wheeled vehicles, electric ships, and data centers.

Fuxuan Technology

Angel Round in 2023
Fuxuan Technology is a professional supplier of FAB high-purity chemical conveyance equipment and systems, high-purity chemical manufacturing and packaging equipment and systems, and high-end chemical production equipment and control systems.

Fuan Electronics

Series A in 2023
Fuan Electronics is engaged in the electronics manufacturing business and is a supplier of magnetic components, power products, component sealing, and assembly technologies.

Lianyi Technology

Venture Round in 2023
Lianyi Technology is focusing on the research and development system of sliding bearings.

Demark

Series A in 2023
Demark Seiko is a domestic high-end parts supplier that primarily provides high-precision parts, medium and large parts, and functional structural components to firms in the photovoltaic, wind power, semiconductor, heavy industry, and other industries.

Zheta Technology

Series A in 2023
Zheta Technology offers high-end manufacturing digital transformation services to help manufacturing companies complete intelligent upgrades, using deeply integrated Big Data, AI algorithms, and industry know-how. Zheta Technology assists customers in increasing yield rate, equipment utilization rate, and production capacity, as well as completing the transparent management of the next generation of digital factories.

Jiangsu Jing Chuang Advanced Electronic Technology

Series B in 2023
Jiangsu Jing Chuang Advanced Electronic Technology focuses on the research and development of equipment for the semiconductor manufacturing sector. The company specializes in high-precision grinding machines and offers a range of products, including automatic laser saws, dicing saws, and wafer cleaning equipment. By providing comprehensive solutions for semiconductor material dicing applications, Jing Chuang Advanced aims to support the growing demands of the semiconductor industry.

TETRA Electronic

Series B in 2023
TETRA ELC is an integrated design, development, manufacturing, and product sales company for inspection robots and photovoltaic cleaning robots. Their products include hanging rail inspection robots, pipe gallery inspection robots, indoor wheeled inspection robots, outdoor wheeled inspection robots, belt conveyor inspection robots, inventory temperature measurement inspection robots, explosion-proof wheeled inspection robots, and photovoltaic cleaning robots.

Parylene

Series A in 2023
Parylene is a company specializing in protective coating applications, offering comprehensive coating technology processing services. It provides a wide range of solutions, including the application of Parylene coatings, production of customer samples, and bulk processing of products. The company also supplies coating equipment and related materials, such as raw and auxiliary materials. Parylene's coatings are known for their exceptional electrical, physical, and mechanical properties, alongside thermal stability and low-temperature performance. Additionally, they exhibit strong chemical resistance, biocompatibility, and weather resistance, making them suitable for various applications across different industries.

Nanjing Damai Technology

Series D in 2023
Nanjing Damai Technology is a manufacturer based in Nanjing, China, specializing in alloy metal materials. The company processes non-ferrous metals to produce a range of products, including nickel alloys, copper alloys, tin alloy solders, precious metal materials, and metal targets. These materials serve various industries, including automotive, electronics, glass, and petrochemicals, providing essential components for product manufacturing. Through its focus on advanced alloy production, Nanjing Damai Technology supports the needs of diverse sectors, contributing to the development and enhancement of their manufacturing processes.

Suzhou Sushi Testing Group

Post in 2022
Suzhou Sushi Testing Group Co., Ltd. specializes in providing mechanical environmental test equipment and solutions. Founded in 1956 and headquartered in Suzhou, China, the company offers a comprehensive range of products designed to assess the reliability and quality of industrial products under various environmental conditions. Its product lineup includes electro-dynamic shakers, vibration test systems, shock testers, and multi-loading composite systems, among others. These tools are utilized across multiple industries such as aerospace, automotive, electronics, and shipbuilding to simulate conditions like vibration, shock, and temperature, ensuring that products can withstand real-world stresses. Formerly known as Suzhou Sushi Testing Instrument Co., Ltd., the company rebranded in August 2017 to reflect its expanded focus on high-end equipment manufacturing and reliability testing solutions.

Acer Carbon

Venture Round in 2022
Acer Carbon manufactures isostatic graphite and carbon materials. They provide advanced production equipment and technical personnel engaged in carbon products. They offer customers tailor-made solutions. Their carbon-graphite materials are a raw material for the preparation of lithium battery anode materials.

Pi semiconductor

Series A in 2022
Pi Semiconductor focuses on the development and production of advanced integrated circuit substrates essential for semiconductor testing. The company's products, which include ATE and MLO substrates, play a crucial role in various stages of high-precision semiconductor testing, such as electroplating, pressing, and drilling. By providing these specialized substrates, Pi Semiconductor helps semiconductor manufacturers enhance their production yield of functional chips, thereby supporting efficiency and quality in the semiconductor supply chain.

DaMaoNiu

Series B in 2022
DaMaoNiu is a manufacturer and research and development specialist focused on ultra-low-density physical foaming novel materials. The company aims to support sustainable development by promoting green and low-carbon solutions across various sectors. Its innovative polymer materials are utilized in construction, cold chain logistics, automotive applications, military, and textiles, among others. DaMaoNiu is committed to delivering high-quality, degradable polymer products that meet the needs of downstream industries, contributing to environmentally responsible manufacturing and resource efficiency.

Langxun Technology

Series C in 2022
Langxun Technology is an integrated circuit testing technology and service provider. They provide semiconductor companies with packaging types, product testing solutions, and mass production services in application fields, as well as turnkey service solutions such as wafer processing and packaging.

Terapark

Seed Round in 2022
Terapark is a technology company focused on developing terahertz chip solutions, primarily through integrated circuit modules and related equipment. It specializes in CMOS terahertz integrated circuits and real-time imaging systems, as well as terahertz sensors. By leveraging standard silicon technology, such as CMOS and SiGe, with nanometer precision, Terapark aims to make terahertz technology more accessible and cost-effective. The company's innovations promote the application of terahertz technology across various domains, including intelligent manufacturing inspections, transportation monitoring, energy sector oversight, environmental assessments, and health monitoring. Through its advancements, Terapark seeks to drive the wider adoption of terahertz solutions in multiple industries.

Taogent

Series A in 2022
Taogent is an integrated solution provider specializing in smart factory technologies aimed at enhancing the efficiency of manufacturing processes. The company focuses on the intelligent production of both positive and negative materials for lithium batteries, as well as new powder materials. Its offerings include advanced equipment such as conveying systems, intelligent batching systems, and automatic packaging and palletizing solutions. Taogent operates primarily within the new energy materials, fine chemicals, and food additives industries, delivering safe, clean, and efficient solutions tailored for powder companies. By automating production lines and logistics, Taogent enables businesses to optimize their operations and reduce reliance on manual labor, thereby contributing to a more efficient industrial digital ecosystem.

Jinweike

Venture Round in 2022
Jinwei Ke is a manufacture of laser application intelligent equipment.Their products include an automated production line, sheet cutting, pipe cutting plates and tube integration, welding and cleaning machines, new energy batteries, precision cutting, bending centers, and an automatic loading and unloading laser pipe cutting machine.

Guogong Intelligence

Series A in 2022
Guogong Intelligence is dedicated to building intelligent factories in the process manufacturing industry. It has developed an artificial intelligence-based data brain analysis platform, an intelligent manufacturing management platform, an Internet of Things data acquisition platform, and a laboratory after years of industry accumulation. The management system and the dual-system equipment management system have been used successfully.

Yaotan Pharmaceutical

Series A in 2022
Yaotan Pharmaceutical offers one-stop CDMO services for the research and production of raw materials and preparations CMC, covering the formulation process development, quality research, registration, and declaration of chemical raw materials and preparations, as well as for customers. They adhere to the unique concept and original aim of assisting the globe in the discovery and development of novel drugs. They are committed to establishing a service platform for small-molecule medication research and development.

Huarui Micro

Series B in 2021
HRmicro is a high-tech enterprise integrating R&D, production, sales and service of power device products. Huarui Micro has successfully developed and mass-produced products including high-voltage VDMOS, low-voltage trench MOS, super junction MOS and SGT MOS. At the same time, it is carrying out the research and development of third-generation semiconductor (SiC, GaN) power devices.

GoldPeak

Series D in 2021
GoldPeak focuses on intelligent sorting and conveying systems, providing logistics automation systems and engineering solutions.

GINFON

Series D in 2021
Ginfon is a high-end manufacturer of intelligent logistics equipment based in China. The company focuses on delivering logistics automation solutions and logistical data management services tailored for domestic customers across various industries. By developing advanced logistics machinery and control systems, Ginfon aims to enhance the efficiency and reliability of the domestic logistical network, addressing the growing demands of the logistics sector.

Meike Solar

Series A in 2021
Meike Solar is a manufacturer specializing in the research and development of solar photovoltaic polycrystalline silicon wafers. The company employs integrated monitoring systems and equipment to enhance its manufacturing processes, allowing for efficient production at reduced costs. By focusing on advanced technologies and intelligent manufacturing, Meike Solar aims to contribute to the solar energy sector while optimizing operational efficiency.

Cowain

Venture Round in 2021
Cowain is a science and technology enterprise focusing on software and hardware system integration and R&D for the advanced manufacturing industry. Their product and service for coating, cutting and stacking, electrolyte filling, and baking.

Chunyuan Coating

Venture Round in 2020
Anhui Chunyuan Coating Technologies Ltd specializes in the design and manufacture of vacuum coating systems, offering a range of coating equipment and services. Established in 2014 and located in Hefei, China, the company develops advanced technologies for vacuum coating applications, including sputtering, multi-arc ion plating, and ion beam etching. Chunyuan holds over 50 intellectual property rights, including patents for its Pure Ion Coating (PIC) system, which enhances the surface structure of materials and produces high-performance metal, alloy, and diamond films. Their patented New Diamond Technology (NDT) also enables the production of diamond films with exceptional stability. The company's film offerings include a variety of specialized coatings such as Ta-C, diamond-like carbon (DLC), low-temperature nitrides, carbides, and high-density metal/alloy films, catering to diverse industrial needs in China.

Yacoo

Funding Round in 2020
Yacoo is a manufacturer and distributor of IVD reagents, raw materials, new electronic and chemical materials, biological buffers, and pharmaceutical intermediates. They offer products such as biochemical reagents, targeted drugs, perylene dimers, organic optoelectronic materials, and more.

Neolix Technologies

Series A in 2020
Neolix Technologies is a pioneering company that specializes in the development and manufacturing of unmanned logistics vehicles aimed at transforming the logistics industry. With a focus on creating level 4 autonomous vehicles, Neolix designs vehicles capable of self-delivering and unloading goods, thereby enhancing transportation efficiency. The company is dedicated to innovative design and engineering, offering customized solutions to a diverse range of clients, including major corporations such as Lenovo, Siemens, and Honeywell. Through its commitment to technological advancement and customer-centric services, Neolix seeks to deliver significant value and efficiency in logistics operations.

AIMS

Series B in 2019
AIMS provides customers with equipment operation and maintenance, process intelligence control, and products and services such as parameter intelligent optimization, intelligent detection, and production intelligent scheduling. It is an intelligent manufacturing and industrial big data company.

Inkelink Information Technology

Corporate Round in 2019
Inkelink, known as e-Quality Information Technology (Shanghai) Co., Ltd., is a software solutions provider focused on the automotive manufacturing sector. Established in 2010 and headquartered in Shanghai, China, the company specializes in developing manufacturing execution systems (MES) that enhance production planning, vehicle tracking, and process monitoring. Inkelink offers a range of solutions aimed at improving manufacturing operations, including advanced scheduling, quality management, supply chain management, and big data analysis. By integrating these technologies, Inkelink helps automotive manufacturers optimize their production capabilities, ensure quality control, and leverage data for better decision-making.

GINFON

Series A in 2018
Ginfon is a high-end manufacturer of intelligent logistics equipment based in China. The company focuses on delivering logistics automation solutions and logistical data management services tailored for domestic customers across various industries. By developing advanced logistics machinery and control systems, Ginfon aims to enhance the efficiency and reliability of the domestic logistical network, addressing the growing demands of the logistics sector.

Xiaoxiao Technology

Post in 2018
Xiaoxiao Technology is a manufacturer specializing in core automotive components and precision forgings. The company focuses on the research and development, production, and sale of automotive parts, including synchronizer fine forgings, precision gears, and large-sized chain sleeves. Utilizing its proprietary technology in metal thermoforming and precision CNC thermal roll extrusion molding, Xiaoxiao Technology provides high-quality products to both domestic and international original equipment manufacturers (OEMs). The integration of advanced manufacturing techniques and a commitment to innovation enables the company to meet the evolving demands of the automotive industry effectively.

Feiyu Keji

Post in 2017
Suzhou Feiyu Precision Technologies Inc specializes in manufacturing precision metal products and stamping solutions primarily for the automotive industry, as well as for new energy storage and 5G communication sectors. Established in 1997 and located in Kunshan, China, the company offers a range of products that include precision stamping dies, stamping components, welding assemblies, and precision CNC sheet metal. Feiyu Keji focuses on providing customized solutions that incorporate advanced features such as precision mold and fixture design, meticulous stamping processes, and aluminum alloy machining. The company's commitment to quality and efficiency allows it to deliver cost-effective products with reliable turnaround times.

Dayun Auto

Post in 2017
Dayun Auto is an automobile production company that develops fuel, gas, hydrogen, new energy trucks, buses, and passenger cars. The company is a for-profit corporation. They produce trucks and new energy vehicles, including stamping, welding, painting, and final assembly services.

Modobacs

Post in 2017
Modobacs sells equipment, technology, and products related to tube forming. They constructed automatic production lines for lightweight frame chassis, longitudinal arms, and torsion beams, as well as automatic pipe fitting production lines for internal high-pressure forming. They create equipment for intelligent pipe bending, multi-axis servo high-precision internal high-pressure forming, automatic welding pipe lines, and automatic pipe cutting.

Guansen Polymer Materials Technology

Venture Round in 2017
Guansen Polymer Materials Technology is a technology-driven enterprise that specializes in the production of 4,4'-diaminodiphenyl ether products. The company is involved in the manufacturing, provision, and development of refined chemical products, particularly in the synthesis and characterization of polyimide materials. Guansen aims to support industrial development by delivering high-quality chemical products that meet the needs of its clients.

Saunaking

Post in 2016
Saunaking manufactures and develops sauna products. The company sells air purification products, fitness equipment, and other related products. The company's products such as foot buckets, air purifiers, medical instruments, sauna rooms, infrared sauna rooms, far-infrared foot bath barrels, and medical equipment.

Hefei Hengxin Automotive Engine Manufacturing

Series A in 2015
Hefei Hengxin Automotive Engine Component Manufacturing specializes in the production of engine plastic intake manifolds and valve chamber covers. The company also manufactures oil pans, oil gas separators, temperature control modules, electronic oil pumps, and electronic parking devices. With a strong emphasis on technical research and development, Hefei Hengxin has formed stable alliances with various foreign R&D companies, enhancing its innovation capabilities. The company actively recruits experts from both domestic and international markets, establishing a highly skilled technology research and development team that is recognized as among the best in China.

Welllih

Angel Round in 2011
Welllih is a producer of industrial robots. They provide intelligent equipment manufacturing, sales, and services. They offer services for automobiles, medical care, 3C, home appliances, daily necessities, packaging, energy, construction machinery, moulds, hardware tools, and aerospace.

Chengdu Hangxin

Chengdu Hangxin is an aviation parts R&D and production company, specializing in the development and batch production of aviation parts.

Hengfeng New Materials

Hengfeng New Materials is a producer of electronic-grade phenolic resin and distinctive epoxy resin.
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