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VMP closes $14.8M Series C+ round from Jiangsu Guotou and Suneng Co for Phase IV expansion. The Chinese metal powder producer will use funds for industrial park construction and new materials development.
Amount Raised
$14.8 Million
Round Type
Series C
JiangsuManufacturingMiningPrecious MetalsInvestors
Description
Chinese metal powder producer Jiangsu Vilory Advanced Materials (VMP) has closed a Series C+ equity round of US$14.8 million jointly invested by Jiangsu Guotou and Suneng Co. The funding will support building VMP's Phase IV industrial park and developing new materials and equipment. Phase IV is planned to add 10,000 tons of annual titanium, copper, and aluminum powder capacity. VMP is preparing a Series D round targeting US$44 million to US$74 million to reinforce production capacity and begin work toward an IPO.
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Jiangsu Vilory Advanced Materials (VMP) raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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