Cowin Capital

Cowin Capital, established in 2000, is a Shenzhen-based private equity firm specializing in early-stage investments. With 18 years of experience, it focuses on supporting the growth of small and medium enterprises, primarily in the energy, communication, electronics, and environmental protection sectors. Cowin Capital takes a long-term approach, aiming to create value through strategic partnerships and operational support. It has successfully invested in over 300 companies, with 60 becoming publicly listed and 150 achieving successful exits. Notably, Cowin Capital was one of the first venture capital institutions to be listed on the New Third Board (NEEQ) in China.

Cai Weiliang

Partner

Kai Chen

Partner

Ding Baoyu

Managing Director, Partner

David Ding

Managing Partner

Dong Dongdong

Partner

Past deals in 3D Printing

Snapmaker

Series B in 2025
Snapmaker is a China-based hardware company that develops an integrated platform for rapid prototyping and fabrication, combining 3D printing, laser engraving, and CNC carving in modular, all-metal machines. Founded in 2016, the company designs modular 3D printers that can be converted into CNC machines or laser cutters and engravers, aiming to turn desktops into small-scale workshops. The printers are described as easy to use for beginners and expandable for makers, offering affordable, convenient capabilities for creating objects and prototypes.

Bandu Technology

Seed Round in 2025
Bandu Technology developed immersive 3D light field displays that use AI and big data to transform human connectivity and engagement. It focuses on the intelligent presentation and management of images and data, enabling industrial evolution, creating unlimited industrial space, and creating a new experience for human life.

Hengpujiguang

Series A in 2022
Hengpujiguang is engaged in the research, development, and promotion of industrial laser 3D printing technology. They provide metal 3D printing equipment, consumable industrial 3D printing products, customized products, metal repair, and other businesses. They used their products in the fields of engineering knives, mining, subway tunnels, oil exploration, roads and bridges, and infrastructure construction, breaking the monopoly of international cutting tool giants in the field of engineering tools.

Jade Bird Display

Series A in 2021
Jade Bird Display (Shanghai) Limited is a manufacturer based in Shanghai, China, specializing in the development and production of micro-LED display chips and panels. Founded in 2015, the company focuses on research and development to create the smallest, brightest, and most efficient micro-display solutions. Its products are designed for various applications, including augmented reality (AR), virtual reality (VR), head-up displays (HUD), projectors, weapon sights, 3D printing, and microscopes. By providing ultra-compact micro-display panels, Jade Bird Display enables original equipment manufacturers to enhance user experience in AR and VR hardware, offering improved comfort, outdoor readability, and extended operating times between charges. The company also maintains an office in Hong Kong to support its operations.

Snapmaker

Seed Round in 2019
Snapmaker is a China-based hardware company that develops an integrated platform for rapid prototyping and fabrication, combining 3D printing, laser engraving, and CNC carving in modular, all-metal machines. Founded in 2016, the company designs modular 3D printers that can be converted into CNC machines or laser cutters and engravers, aiming to turn desktops into small-scale workshops. The printers are described as easy to use for beginners and expandable for makers, offering affordable, convenient capabilities for creating objects and prototypes.
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