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Evermin (Suzhou) Material Technology raises 100M yuan in a Series A round led by ABC International Holdings and others to boost production of optical communication chips.
PRIVATEAug 13, 2026•about 19 hours ago
Amount Raised
¥100 Million
Round Type
Series A
Investors
Jiangning Kechuang GroupFujian Electronics & Information Group5 Horizons CapitalChengdu High Tech Ceyuan CapitalAbc International Holdings
Description
Evermin (Suzhou) Material Technology has secured 100 million yuan (approximately $14.8 million) in a Series A funding round. The company specializes in the design of optical communications chips, catering to the 5G and data center markets. The funds will be used to enhance production capabilities for its 100G/200G Driver and TIA chipsets. Investors included ABC International Holdings, Chengdu High-tech Ceyuan Capital, and other financial players.
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Funding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech