2024-06-01
On May 30, 2024, Wuxi Puruisheng New Materials Technology Co., Ltd. (hereinafter referred to as "Puruisheng New Materials" or "the Company") completed a Pre-A round of financing of 10 million yuan. In this investment, the company's old shareholders, Nuoyan Capital, Zhongnan Venture Capital, and Wuxi Yunlin Fund continued to increase their holdings. At present, the company's high-end alumina polishing abrasives and polishing liquids are ready for mass production. The funds raised in this round will further consolidate the company's operational capabilities and ensure that the company can quickly expand production after being verified by downstream customers.
Founded in April 2023, Puruisheng New Materials is committed to becoming a first-class domestic supplier of high-end polishing solutions. The company has profound technical accumulation in the field of high-end abrasives, focusing on the research and development of high-end alumina polishing liquid, alumina polishing abrasives and other products. The products can be used for the polishing of integrated circuits, compound substrates, paint surfaces, optical lenses, metals and other materials.
In June 2023, Puruisheng New Materials established a wholly-owned subsidiary, "Meikerui (Jiangsu) Advanced Materials Technology Co., Ltd." (hereinafter referred to as "Meikerui"), which will provide downstream customers with domestic alternative solutions for polishing hard materials such as silicon carbide (SiC) and gallium nitride (GaN). Since 2024, the company has completed the construction of the production line and has the conditions for mass production, and has received positive feedback from downstream benchmark customers.
High-end materials are one of the key areas of focus for Nuoyan Capital. Currently, Nuoyan Capital has focused on the semiconductor, optical film and other material industries. In the future, Nuoyan Capital will make progress together with enterprises and witness the development of China's new materials industry.
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