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.
Yunshen Technology is a manufacturing company that provides production and raw materials solutions for the semiconductor industry.
Snapmaker
Series B in 2025
Snapmaker Inc., founded in 2016 and based in China, offers an integrated platform that enables users to create through 3D printing, laser engraving, and CNC carving. The company designs modular 3D printers that transform desktop spaces into versatile workshops. These all-metal printers are user-friendly for beginners while remaining expandable for more experienced makers. By providing an accessible and affordable solution, Snapmaker empowers individuals to engage in creative projects with ease.
Meinangaoke
Series A in 2025
Meinangaoke is a research and development manufacturer of new waterproof materials.
Hengtuogao
Series B in 2024
Hitop Pneumatic Machinery specializes in the development, production, and distribution of pneumatic and electric actuators, grippers, and a wide range of components suitable for industrial automation. The company focuses on providing solutions that enhance efficiency and productivity in various industrial settings. With a commitment to innovation and quality, Hitop offers products designed to meet the diverse needs of its customers. The company's portfolio includes a comprehensive selection of automation machinery that caters to different sectors, ensuring that clients have access to the tools necessary for optimizing their operations.
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.
Zhongde Technology
Seed Round in 2024
Zhongde Technology specializes in the R&D and manufacture of VC Lids for chip packaging.
Bynet
Series B in 2024
Bynet is a manufacturer of optical communication products.Bynet specializes in the research and development, manufacturing, and sales of passive optical communication components, as well as providing comprehensive solutions for physical connection devices for optical communication networks.
Lianjie Technology
Seed Round in 2024
Lianjie Technology is a semiconductor material company that provides integrated circuit chip and product manufacturing services.
Color Tech
Seed Round in 2024
Color Tech is a company specialized in the research and development, manufacturing, and sales of semi-solid battery electrolytes , sodium-ion battery electrolytes, and specific lithium-ion battery electrolyte technologies.
Qingchuan Intelligent Technology
Series A in 2024
Qingchuan Intelligent Technology is a high-tech enterprise that develops and manufactures robot servo drives, motors, and control products. It specializes in the research, development, and production of these components, catering to advanced robotics and intelligent equipment applications. The company offers a range of solutions, including servo drives, servo motors, robotic control systems, integrated mechanisms, and smart equipment, tailored to diverse customer needs.
Sigma Squares Tech
Series B in 2024
Sigma Squares Tech focuses on developing automated manufacturing systems and industrial automation solutions. The company specializes in computer vision technologies and offers cloud-based platforms that analyze significant volumes of industrial data during the manufacturing process. By providing integrated analytical and control solutions, Sigma Squares Tech aims to enhance the efficiency and intelligence of small and medium-sized manufacturing companies.
Taoshi Intelligent
Seed Round in 2024
Taoshi Intelligent is a company that manufactures precision metal parts. Taoshi Intelligent mainly engages in hardware product manufacturing.
IKX technologies
Seed Round in 2024
IKX technologies specializes in designing and manufacturing INS/IML/IMR diaphragms for automotive interior and exterior decoration. With a technical route, the company ensures product performance is comparable to overseas suppliers while significantly reducing production costs. Yongmaxi's business with major OEMs is progressing smoothly, with stable batch shipments and cooperation with first-tier OEMs on popular models.
MatriBox
Seed Round in 2024
MatriBox specializes in edge control systems and solutions designed to enhance industrial automation. The company is dedicated to the research and development of high-performance controllers and industrial network input/output products. MatriBox aims to facilitate the digitalization of factory operations by offering advanced motion control and programmable logic controllers within its intelligent edge industrial control systems. Additionally, the company provides comprehensive services for information integration, enabling seamless collaboration between cloud, edge, and device technologies. This holistic approach allows MatriBox to support users in achieving full plant automation and implementing digital transformation projects effectively.
Parkson Optoelectronics
Venture Round in 2024
Parkson Optoelectronics specializes in the provision and manufacturing of optical glass products tailored for the electronics industry. The company focuses on the research and development of materials such as high-end piezoelectric crystals, blue glass for camera filters, glass-ceramic covers for mobile phones, and periscope prisms used in mobile phone cameras. With a commitment to delivering industry-leading standards, Parkson Optoelectronics offers cold processing services for hard and brittle materials, ensuring high-quality products for its clients.
Sinsegye
Series A in 2023
Sinsegye is a product-driven enterprise that specializes in providing industrial control supercomputing infrastructure. The company develops and supplies industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings focus on advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovations. By delivering these solutions, Sinsegye enables users to transform the landscape of the industrial computing market.
Sermatec Energy
Series C in 2023
Sermatec is a manufacturing company that specializes in energy storage products tailored for commercial and industrial sectors. It offers a range of solutions, including hybrid inverters, lithium batteries, battery management systems, and energy management systems. The company utilizes advanced 3S (Security, Standard, Service) control technology to enhance the security and efficiency of power systems. Additionally, Sermatec provides energy storage bidirectional converters, focusing on delivering reliable and innovative products to meet the needs of its global customer base.
Anpaixin
Series A in 2023
Anpaixin manufactures thin-film lithium niobite photonic circuits and optical engines.
Sinsegye
Seed Round in 2023
Sinsegye is a product-driven enterprise that specializes in providing industrial control supercomputing infrastructure. The company develops and supplies industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings focus on advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovations. By delivering these solutions, Sinsegye enables users to transform the landscape of the industrial computing market.
XiRobot
Series B in 2023
XiRobot is a high-tech firm that operates in the design, development, and manufacture of intelligent automation equipment for welding and cutting. It is dedicated to addressing the pressing demand for intelligent welding and cutting robots in the manufacturing sector and enhancing the competitiveness of the manufacturing sector in the nation.
Zhongneng Chuang
Series A in 2023
Zhongneng Chuang manufactures photovoltaic equipment and components and provides solar power generating technology services.
MatriBox
Seed Round in 2023
MatriBox specializes in edge control systems and solutions designed to enhance industrial automation. The company is dedicated to the research and development of high-performance controllers and industrial network input/output products. MatriBox aims to facilitate the digitalization of factory operations by offering advanced motion control and programmable logic controllers within its intelligent edge industrial control systems. Additionally, the company provides comprehensive services for information integration, enabling seamless collaboration between cloud, edge, and device technologies. This holistic approach allows MatriBox to support users in achieving full plant automation and implementing digital transformation projects effectively.
Moment Control Xinchen
Angel Round in 2023
Moment Control Xinchen is a manufacturer of technologically advanced industrial control systems.
Hengchuang Precision
Series B in 2023
Hengchuang Precision is a supplier and manufacturer of connector hoses and hose fittings, primarily designed for hydraulic equipment. The company specializes in the research, development, production, and sales of fluid connection hose assemblies, ensuring clients receive reliable and stable supplies. Hengchuang Precision emphasizes scientific research and adheres to a development strategy that includes product branding, industrial scaling, and the establishment of a marketing network. The company also prioritizes staff knowledge, modern management practices, and the enhancement of its international image.
Capcon
Series B in 2023
Capcon is a developer and manufacturer specializing in semiconductor assembly and packaging equipment. The company provides advanced products and innovative solutions tailored for the semiconductor assembly and packaging industry. Its diverse product line includes Flip-Chip Bonders, Chip-on-Wafer Bonders, Package-on-Package Bonders, Stack Die Bonders, Panel-Level Die Bonders, and Multi-Chip Die Bonders. These offerings enable clients to utilize high-precision, high-speed, and high-reliability semiconductor equipment, thereby enhancing productivity in their operations.
Sinsegye
Seed Round in 2022
Sinsegye is a product-driven enterprise that specializes in providing industrial control supercomputing infrastructure. The company develops and supplies industrial intelligence computers and software aimed at enhancing industrial automation and intelligence. Its offerings focus on advanced manufacturing, high-end equipment manufacturing, new energy, and industrial IT innovations. By delivering these solutions, Sinsegye enables users to transform the landscape of the industrial computing market.
Yinli Electric
Series C in 2022
Ningxia Yinli Electric Co., Ltd. is mainly engaged in the production and research and development of reactors and transformers. At present, the company's main products include: three-phase filter reactors, four-phase five-column reactors, water-cooled reactors, three-phase AC reactors, hollow core Reactors, isolation transformers and high-frequency transformers, etc.
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.
Kaadas
Series C in 2022
Kaadas is a comprehensive company specializing in the development, manufacturing, sales, installation, and after-sales service of security solutions, primarily focused on high-tech locks. Headquartered in Shenzhen High-tech Park, China, Kaadas is recognized as a national high-tech enterprise. The company offers a range of innovative products, including biometrics-based smart locks such as push-pull, handle, rim, and deadbolt locks, aimed at enhancing security for residential and commercial properties. With a commitment to innovation, quality, and craftsmanship, Kaadas strives to provide consumers with comfortable and secure living environments. Employing over 1,000 individuals and operating numerous global outlets, the company ranks among the top in its industry worldwide.
Zhenge Biotech
Series C in 2022
Shanghai ZhenGe Biotechnology Co., Ltd. is a research and development company that specializes in the creation of drugs and protein therapeutics. Founded in 2017 and based in Shanghai, China, the company focuses on various aspects of drug development, including mammalian cell line development, upstream and downstream processing, and formulation development. Zhenge Biotech also offers contract development and manufacturing services, as well as assistance with regulatory filings such as IND and BLA. Additionally, the company provides a research platform for antibody development, transient infection processes, N-Glycosylation, and CAR-T technologies. Through these services, Zhenge Biotech supports the pharmaceutical industry in advancing innovative therapeutic solutions.
Comwin Automation Technology
Series B in 2021
Comwin Automation Technology, based in Shenzhen, China, specializes in designing and manufacturing equipment for the semiconductor packaging and manufacturing industry. Its primary focus is on the research, development, production, sales, and service of automation equipment tailored for flat panel display (FPD) and flexible screen display manufacturers. The company supplies a range of non-standard machinery and optimized solutions for automated testing and assembly of flat panel display modules.
Zhongke Jiuyuan
Series A in 2021
Zhongke Jiuyuan focuses on the manufacturing and sales of key materials such as polyimide films and slurries.
XinHeYun
Series C in 2021
New Nuclear Cloud is an industrially intelligent software service company that combines data and processes to realize the needs of manufacturing enterprises and configure services. They provide container technologies and services to meet the various needs of enterprises for data deployment.
Sermatec Energy
Series A in 2021
Sermatec is a manufacturing company that specializes in energy storage products tailored for commercial and industrial sectors. It offers a range of solutions, including hybrid inverters, lithium batteries, battery management systems, and energy management systems. The company utilizes advanced 3S (Security, Standard, Service) control technology to enhance the security and efficiency of power systems. Additionally, Sermatec provides energy storage bidirectional converters, focusing on delivering reliable and innovative products to meet the needs of its global customer base.
Zhongke Jiuyuan
Angel Round in 2021
Zhongke Jiuyuan focuses on the manufacturing and sales of key materials such as polyimide films and slurries.
Industics.com
Series B in 2021
Industics.com is an enterprise services company that specializes in developing a manufacturing software suite aimed at enhancing operational efficiency for manufacturers. Its platform offers tools for analyzing inventory flow, setting up procurement alerts, aggregating quality assurance errors, and managing research and development processes. By providing these functionalities, Industics.com enables enterprises to optimize their manufacturing operations effectively.
XinHeYun
Series B in 2021
New Nuclear Cloud is an industrially intelligent software service company that combines data and processes to realize the needs of manufacturing enterprises and configure services. They provide container technologies and services to meet the various needs of enterprises for data deployment.
Lieth
Series A in 2020
Lieth supplies second-hand equipment and new equipment with basic process integration capabilities.
Zhenge Biotech
Series A in 2020
Shanghai ZhenGe Biotechnology Co., Ltd. is a research and development company that specializes in the creation of drugs and protein therapeutics. Founded in 2017 and based in Shanghai, China, the company focuses on various aspects of drug development, including mammalian cell line development, upstream and downstream processing, and formulation development. Zhenge Biotech also offers contract development and manufacturing services, as well as assistance with regulatory filings such as IND and BLA. Additionally, the company provides a research platform for antibody development, transient infection processes, N-Glycosylation, and CAR-T technologies. Through these services, Zhenge Biotech supports the pharmaceutical industry in advancing innovative therapeutic solutions.
IMPAQ Testing Technology
Series A in 2019
IMPAQ Testing Technology Co., Ltd. is an independent third-party testing organization based in Shenzhen, China, with branches in several other cities, including Shanghai and Guangzhou. The company specializes in a wide range of testing services, including RoHS testing for restricted substances in electrical and electronic products, toys testing, and environmental pollution assessments. It assists manufacturers in identifying Substances of Very High Concern (SVHC), developing alternative materials, and meeting EU documentation requirements. IMPAQ also provides testing for textiles, footwear, and food contact materials, along with occupational health and safety evaluations. The organization is supported by relevant government policies and operates accredited laboratories that comply with national and international standards, ensuring high-quality assurance for clients across various industries.
Snapmaker
Seed Round in 2019
Snapmaker Inc., founded in 2016 and based in China, offers an integrated platform that enables users to create through 3D printing, laser engraving, and CNC carving. The company designs modular 3D printers that transform desktop spaces into versatile workshops. These all-metal printers are user-friendly for beginners while remaining expandable for more experienced makers. By providing an accessible and affordable solution, Snapmaker empowers individuals to engage in creative projects with ease.
Lihexing
Funding Round in 2019
Shenzhen Lihexing Co., Ltd., established in 2006, specializes in manufacturing and selling automation and intelligent equipment. Its product portfolio includes universal film machines, laminating machines, TP laminating equipment, and customized equipment. Primarily serving the mobile smart terminal and network infrastructure device industries, Lihexing's clients include prominent companies such as Huawei, Foxconn, and TCL. The company aims to be a leading provider of intelligent manufacturing solutions.
Aante
Series B in 2018
Aante is a comprehensive supplier of FA factory automation components. It is committed to the development and manufacturing of automobile testing and testing equipment.
Betterfuse
Post in 2018
Betterfuse specializes in the development, manufacturing, and sales of circuit protection components designed for electronics and circuits. The company's product offerings include overcurrent protection devices, overvoltage protection components, thermal protectors, and various fuse accessories, such as power fuses, electronic fuses, self-recovery fuses, disposable thermal fuses, and resettable thermostats. By focusing on research and innovation, Betterfuse aims to provide clients with safe and high-quality solutions for circuit protection. Customer inquiries are efficiently addressed through multiple channels, including phone, email, and online applications, ensuring responsive service and support.
Vintage
Angel Round in 2014
Yuntaiji Technology is an enterprise specializing on the field of intelligent machine vision, and an AI technology research and development center. They provide a complete set of services for industrial robots and intelligent hardware development and manufacturing.
Caslon
Series C in 2013
Caslon is a line of kids' shoes and kids' items for businesses. Additionally, it offers children's shoe Research and innovation, manufacturing, and sales. They provide a range of brands.
Guangzhou Jingyuan Mechano-Electric Equipment
Series A in 2012
Guangzhou Jingyuan Mechano-Electric Equipment specializes in the production of industrial robots, automated logistics systems, and intelligent equipment systems tailored for the industrial and logistics sectors. By providing advanced technological solutions, the company aims to enhance operational efficiency for its clients, helping them reduce both time and costs in their business processes. Through its innovative products, Guangzhou Jingyuan Mechano-Electric Equipment seeks to revolutionize the Chinese industrial landscape.
Jiangsu Sanhuan Industrial (Group)
Venture Round in 2011
Jiangsu Sanhuan Industrial (Group) Co., Ltd. (江苏三环实业(集团)股份有限公司) is a company focused on the production of environmental protection equipment, storage battery special production equipment, storage battery special environmental protection equipment, and environmental engineering construction. It owns the abilities f independently researching, developing and producing lead-acid battery production systems for over 100 (sets) types, and the one-stop contracting service level from product design and production to installation debugging and technical transformation. Jiangsu Sanhuan Industrial (Group) Co., Ltd., which was known as Third Yixing City Environmental Protection Equipment Factory, was built in 1978. Its annual output value reaches more than 80 million RMB. It also owns Sanhuan design and research institute, and owns more than 180 professional personnel and over 50 patented inventions.
LEACHENG GROUP
Angel Round in 2011
Leacheng Group Co., Ltd. is a prominent company specializing in the design, production, and sale of home loungewear and related apparel. Established in 1999 and based in Suzhou, China, the company offers a wide range of products, including fabric, sleepwear, casual wear, sportswear, and home furnishings. Leacheng Group also engages in branding and retailing these products through various channels, including supermarkets, department stores, and membership chain stores across the United States, Europe, Australia, and other international markets. The company has developed a robust supply chain, incorporating fully owned facilities, joint partnerships, and contract manufacturing across multiple provinces in China and Southeast Asia, enabling it to support the production of 80 million pieces annually. In addition to its core apparel business, Leacheng Group provides supply chain management services and retails fast-moving consumer goods and clothing.
Caslon
Series A in 2011
Caslon is a line of kids' shoes and kids' items for businesses. Additionally, it offers children's shoe Research and innovation, manufacturing, and sales. They provide a range of brands.
Lantern
Angel Round in 2010
Lantern offers from brand positioning, planning, trademark registration, and design to research and development, production, production of brand products, and sample processing. Lantern provides one on one professional skin care advice and services, products for skin needs, and solutions to skin troubles.
MoSo
Corporate Round in 2009
Shenzhen MOSO Power Supply Technology Co., Ltd. (MOSO) is a national high-tech joint-equity enterprise in China, and a provider of intelligent drive solutions of LED street lamps. It is devoted to the research and development, design, production, and sales of various switching power supplies, adaptors, chargers, high/low frequency transformers, and other products. Its products are widely used in portable consumer electronics, IT communication devices, digital electrical equipment, and electric tools. MOSO Science Park has over 40 automatic assembly lines, and adopts imported computer program-controlled wire winding machines, wave soldering, reflow soldering, all automatic electric energy testers, high-pressure devices, and other advanced equipment for production and testing. The annual production of various types of transformers and various types of switching power supplies and chargers exceed 50 million and 30 million, respectively.
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