Fujian Deer Technology Valuation, Funding & Investors

Fujian Deer Technology is valued at $2.5B as of September 2022.

Last Fujian Deer Technology valuation

$2.5B

Undisclosed stage · Sep 2022

Last Fujian Deer Technology funding round

$290M

Undisclosed stage · Sep 2022

Cumulative funding Fujian Deer Technology raised

$475M

across 2 funding rounds

Key investors in Fujian Deer Technology

  • Turing Asset Management
  • National Manufacturing Transformation and Upgrading Fund
  • Xiamen Meiya Wutong Investment Management
  • Fulcrum Technology Solutions
  • Qingdao Turing Hongcan Investment Partnership
  • Shanghai Nast Turing Venture Capital Partnership

Fujian Deer Technology Overview

About Fujian Deer Technology

Fujian Deer Technology is a Quanzhou-based producer of fluorine chemicals and electronic specialty gases. It manufactures high-purity NF3, WF6, and C2F6 used in semiconductor etching, LED production, and display panel cleaning for clients like TSMC and Samsung. The company also supplies lithium battery electrolytes and photovoltaic materials to CATL and Longi Green Energy. With factories in Fujian and Jiangsu provinces, it serves defense applications in UHV transformers. Founded in 2006, Fujian Deer Technology holds national high-tech enterprise status.


Founded

2014

HQ

ChinaLongyan

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$2.5B (Sep 2022)

Sectors

Fujian Deer Technology Valuation

Fujian Deer Technology is currently valued at $2.5B, based on its undisclosed-stage round in September 2022.

The $290M round included Xiamen Meiya Wutong Investment Management, Fulcrum Technology Solutions, Qingdao Turing Hongcan Investment Partnership, Turing Asset Management and Shanghai Nast Turing Venture Capital Partnership.

Fujian Deer Technology valuation by funding round

Fujian Deer Technology valuation by funding round
DateStageValuation
Sep 2022Undisclosed stage$2.5B

Fujian Deer Technology Funding History

Fujian Deer Technology has raised a total of $475M across 2 funding rounds.

Fujian Deer Technology's first fundraising round was a $185M Series A in August 2021. The most recent completed round was a $290M undisclosed-stage round in September 2022.

Fujian Deer Technology funding rounds

Fujian Deer Technology funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2022Undisclosed stageXiamen Meiya Wutong Investment Management; Fulcrum Technology Solutions; Qingdao Turing Hongcan Investment Partnership; Turing Asset Management; Shanghai Nast Turing Venture Capital Partnership$290M$2.5BFujian Deer Technology (福建德尔科技), founded in June 2014, specializes in the full industrial chain of fluorine chemicals, focusing on R&D, production, and sales of basic chemical materials, fluorine-containing electronic gases, high-purity semiconductor reagents, and other fluorine new materials. Its products serve semiconductor chips, LED chips, flat panel displays, power batteries, and energy storage, supplying major clients including Samsung, Toshiba, TSMC, Intel, SMIC, and China State Grid. In September 2022, the company completed a pre-IPO financing round raising CNY 2.04 billion (USD 285.6 million), achieving a post-investment valuation of CNY 17.5 billion (USD 2.45 billion), advised by Shenwan Hongyuan Securities. This round positioned it as an advanced materials unicorn ahead of its listing counseling acceptance by China Securities Regulatory Commission on November 24, 2022. Earlier, a Series A round in September 2021 raised RMB 1.2 billion from investors including TH Capital, National Manufacturing Industry Transformation and Upgrading Fund, and Shenzhen Capital Group for production expansion and R&D. A Series B round on September 16, 2022, raised approximately $290-291 million from investors including Anhui Transportation Holding Group, Qingchuang Bole, SDIC MY Industrial Capital, Turing Capital, and others. The company has registered capital of CNY 1.024 billion (USD 143 million) and operates as a national high-tech enterprise in the booming advanced materials sector, which accounts for 13-17% of new stock issuances in China.
Aug 2021Series ANational Manufacturing Transformation and Upgrading Fund (lead)$185M-Fujian Deer Technology Company Limited (Deer Tech) is China's leading producer of specialty gases for the semiconductor industry, operating as a national-level high-tech enterprise focused on high-purity semiconductor reagents, fluorine-containing electronic gases, new energy materials, and fluorine-bearing new materials. Its products serve electronic chemical materials in semiconductor chips, high-end display panels, photovoltaic components, ultra-high voltage power transmission equipment, aerospace, and other strategic industries. Key global customers include Samsung, Toshiba, Intel, TSMC, UMC, Micron, Linde Gas, Air Liquide, SMIC, Changxin Storage, and State Grid. In September 2021, Deer Tech completed a RMB 1.2 billion Series A financing round, with investors including TH Capital, National Manufacturing Transformation and Upgrading Fund, and Shenzhen Capital Group. Proceeds from the round are allocated to expanding production capacity, new product development, commercial development, and strengthening the talent pool. The company leverages its fluorine-chemical technology platform to drive domestic substitution of imported raw materials, positioning it for growth amid the semiconductor industry's rapid expansion in China. Deer Tech aims to broaden its customer base and market share, capitalizing on its technology investments and talent development. TH Capital highlighted Deer Tech's potential in high-purity semiconductor reagents, fluorine-bearing new materials, and new energy materials as attractive growth markets.

Who has invested in Fujian Deer Technology?

6 investors have backed Fujian Deer Technology across its funding rounds, including Turing Asset Management, National Manufacturing Transformation and Upgrading Fund, Xiamen Meiya Wutong Investment Management, Fulcrum Technology Solutions, Qingdao Turing Hongcan Investment Partnership and Shanghai Nast Turing Venture Capital Partnership.

Lead investors include National Manufacturing Transformation and Upgrading Fund.


Fujian Deer Technology Investors

Investors in Fujian Deer Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
Xiamen Meiya Wutong Investment ManagementChinaXiamen1ParticipantSep 2022
Fulcrum Technology SolutionsUnited StatesHouston, TX1ParticipantSep 2022
Qingdao Turing Hongcan Investment PartnershipChinaChina1ParticipantSep 2022
National Manufacturing Transformation and Upgrading FundChinaBeijing1LeadAug 2021

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Fujian Deer Technology Competitors

Fujian Deer Technology competitors include listed companies like Hawkins, WD-40, Quaker Houghton and Sipchem, and private ones like Yantai Wanhua Petrochemical and GFCL EV.

Public and private companies comparable to Fujian Deer Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HawkinsUnited StatesUnited StatesPublicly listed$1.1B$175M$2.5B2.5x
Yantai Wanhua PetrochemicalChinaChinaPrivate--$2.6B-
WD-40United StatesUnited StatesPublicly listed$620M$113M$2.6B3.8x
GFCL EVIndiaIndiaPrivate--$2.7B-
Quaker HoughtonUnited StatesUnited StatesPublicly listed$1.9B$142M$2.7B1.7x
SipchemSaudi ArabiaSaudi ArabiaPublicly listed$1.8B$106M$2.4B2.1x

Fujian Deer Technology Public Comps

Fujian Deer Technology is still privately-owned, but its public comps include Hawkins, WD-40, Sipchem, Quaker Houghton, H.B. Fuller, Daicel, Ingevity, MOPCO, OQ Base Industries and Innospec.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hawkins$1.1B$175M2.6x2.5x15.9x15.2x
WD-40$620M$113M4.2x3.8x23.2x21.0x
Sipchem$1.8B$106M1.7x2.1x29.0x17.5x
Quaker Houghton$1.9B$142M1.8x1.7x24.2x11.0x
H.B. Fuller$3.5B$522M1.3x1.3x8.9x7.1x
Daicel$3.7B$462M1.1x1.0x8.6x7.2x
Ingevity$1.2B$37M3.0x3.1x94.0x8.8x
MOPCO$514M$309M4.9x3.7x8.1x6.7x

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Common questions about Fujian Deer Technology

When was Fujian Deer Technology founded?Fujian Deer Technology was founded in 2014.
Where is Fujian Deer Technology headquartered?Fujian Deer Technology is headquartered in Longyan, China.
Is Fujian Deer Technology publicly listed?No, Fujian Deer Technology is a private, VC-backed company.
What is Fujian Deer Technology's valuation?Fujian Deer Technology was last valued at $2.5B in its undisclosed-stage round in September 2022.
How much funding has Fujian Deer Technology raised?Fujian Deer Technology has raised $475M across 2 funding rounds.
What was Fujian Deer Technology's last funding round?Fujian Deer Technology's last funding round was a $290M undisclosed-stage round in September 2022.
Who are Fujian Deer Technology's investors?Fujian Deer Technology's investors include Xiamen Meiya Wutong Investment Management, Fulcrum Technology Solutions, Qingdao Turing Hongcan Investment Partnership, National Manufacturing Transformation and Upgrading Fund, Turing Asset Management and Shanghai Nast Turing Venture Capital Partnership.
Which companies are comparable to Fujian Deer Technology?Companies comparable to Fujian Deer Technology include Hawkins, Yantai Wanhua Petrochemical, WD-40, GFCL EV, Quaker Houghton and Sipchem.

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