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 CAD

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.

Comwin Automation Technology

Series B in 2021
Comwin Automation Technology, based in Shenzhen, China, specializes in designing and manufacturing equipment for the automated assembly and testing of flat panel display modules. The company caters to the FPD (flat panel display) and new flexible screen display industries, offering a range of non-standard machinery and comprehensive solutions tailored to meet clients' specific needs.

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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