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GZTECH secures nearly 100 million yuan in Series B funding led by Fortune Capital and Everbright Capital for industrial laser R&D.

PRIVATEJun 20, 2024

Amount Raised

¥100 Million

Round Type

Series B

WuhanManufacturing

Investors

Everbright CapitalFortune Capital

Description

Wuhan Guangzhi Technology Co., Ltd. (GZTECH) has recently completed nearly 100 million yuan in Series B financing, with investment led by Fortune Capital and Everbright Capital. The funds will be primarily used for production line expansion and new product development.

Who else raised in Manufacturing around the same time

Companies in the same sectors as Wuhan Guangzhi Technology (GZTECH) Corporation Ltd. that raised within 45 days of this round, from Fundz verified event records.

  • Factory Manufacturing raised $1.8M on August 2, 2024.
  • DVM Systems raised $257K (Seed) on August 1, 2024.
  • ReElement Technologies Corporation raised $3.1M on August 1, 2024.
  • Rugged Road raised $5.9M on August 1, 2024.
  • Tanbark Molded Fiber Products raised $1.1M on July 31, 2024.
  • Spineology raised $25M on July 31, 2024.

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Company Information

Company

Wuhan Guangzhi Technology (GZTECH) Corporation Ltd.

Location

Wuhan, Hubei, China

About

Founded in 2018, GZTECH is a company specializing in the research, development, production, and sales of advanced industrial lasers. The company has launched three main product lines: pure fiber lasers, pure solid-state lasers, and fiber-solid hybrid lasers, widely used in 3C, lithium battery, photovoltaic, and hard brittle material processing industries.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Wuhan Guangzhi Technology (GZTECH) Corporation Ltd. 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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