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- HeyGears
HeyGears Funding, Investors & Competitors
HeyGears has raised $151M across 3 funding rounds, most recently a $44M Series C in May 2026.
Last HeyGears funding round
$44M
Series C · May 2026
Cumulative funding HeyGears raised
$151M
across 3 funding rounds
Key investors in HeyGears
IDG Capital
Legend Capital
Fortune Venture Capital
CAS Investment Management
Gopher Asset Management
Fushi Investment
Gloryhope Capital
Yihuiyao Investment
About HeyGears
HeyGears is a Taiwan-based technology company specializing in 3D printing and digital manufacturing ecosystems. The firm integrates hardware like UltraCraft printers, Ultra-Net cloud software, and UltraPrint materials for end-to-end production solutions. HeyGears serves B2B clients in medical devices, consumer electronics, and dental prosthetics across more than 10 countries in Asia, Europe, and America. Its applications span custom orthodontics for Align Technology partners and rapid prototyping for electronics firms.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
HeyGears Funding History
HeyGears has raised a total of $151M across 3 funding rounds.
HeyGears' first fundraising round was a $47M Series A in November 2018. The most recent completed round was a $44M Series C in May 2026.
HeyGears funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2026 | Series C | Fortune Venture Capital (lead); Legend Capital (lead); CAS Investment Management; Gopher Asset Management | $44M | HeyGears raised more than RMB 300 million in a Series C round, which is about USD 44.1 million, with Legend Capital Management and Fortune Capital as co-leads and participation from Gopher Asset Management and CAS Investment Management. The company said it will use the funds for photopolymerization technology R&D, global supply chain development, talent acquisition, and the launch of next-generation products. The financing supports its expansion in high-end light-curing 3D printing, particularly in the dental sector. HeyGears is a 3D printing company founded in 2015 in Guangzhou, China, focused on innovative 3D printing technologies for dental applications. |
| Dec 2019 | Series B | - | $60M | HeyGears is a Guangzhou-based 3D printing startup founded in 2015, specializing in DLP technology enhanced by algorithms for faster printing speeds, including a collaboration with Alibaba Cloud's H.AI to boost performance by 40% over traditional DLP. HeyGears emphasizes algorithmic optimization in its photo-reactive polymer curing process using digital light projectors. The company raised a Series B round of $60M on December 6, 2019, led by G42 (also referred to as Group 42), a United Arab Emirates AI and cloud computing firm. This brought total funding to $106.92M across rounds, with prior Series A in November 2018. Investors include G42, IDG Capital, Fushi Investment, and Yihuiyao Investment. The $60M Series B was part of significant 2019 funding activity in 3D printing, where HeyGears topped the list among startups reviewed, ahead of others like Fast Radius and LuxCreo. |
| Nov 2018 | Series A | IDG Capital (lead); Fushi Investment; Yihuiyao Investment; Gloryhope Capital | $47M | HeyGears, officially Guangzhou Heygears Intelligent Manufacturing Center Co., Ltd., is a Chinese 3D printer maker focused on intelligent manufacturing technology. The company secured a Series A funding round of approximately RMB325 million (US$47.14 million) led by IDG Capital, with participation from Fushi Investment, Gloryhope Capital, and Yihuiyao Investment, around November 5-6, 2018. Subsequent funding included a Series B of $60M in December 2019 led by G42. HeyGears has raised a total of approximately $107-109M across 3 rounds as of 2019, reflecting investor confidence in its 3D printing technology for industrial applications. The company's investors include prominent VCs like IDG Capital, providing strategic support for growth in the competitive 3D printing and intelligent manufacturing sector. |
Who has invested in HeyGears?
8 investors have backed HeyGears across its funding rounds, including IDG Capital, Legend Capital, Fortune Venture Capital, CAS Investment Management, Gopher Asset Management and Fushi Investment.
Lead investors include Fortune Venture Capital, Legend Capital and IDG Capital.
HeyGears Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Nov 2018 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Lead | May 2026 | ||
| 1 | Lead | May 2026 | ||
This data is available for Pro users. Sign up to see all 8 HeyGears investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialHeyGears Competitors
HeyGears competitors include listed companies like Autodesk and Xometry, and private ones like Agile Space Industries, Hadrian, Relativity Space and Divergent.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.2B | $1.8B | $46B | 5.7x | ||
| Private | $28M | - | $8B | 285.7x | ||
| Private | - | - | $7.9B | - | ||
| Publicly listed | $687M | ($46M) | $5.5B | 6.2x | ||
| Private | - | - | $4.2B | - | ||
| Private | - | - | $2.3B | - |
HeyGears Public Comps
HeyGears is still privately-owned, but its public comps include Autodesk, Xometry, Renishaw, Proto Labs, Kinpo Electronics, Stratasys, 3D Systems, Materialise, ispace and Velo3D.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.2B | $1.8B | 6.3x | 5.7x | 25.6x | 14.1x | |||
| $687M | ($46M) | 7.7x | 6.2x | (114.7x) | 107.2x | |||
| $957M | $193M | 4.9x | 4.2x | 24.1x | 17.9x | |||
| $533M | $65M | 3.6x | 3.4x | 29.6x | 21.3x | |||
| $5.1B | $199M | 0.5x | - | 13.7x | - | |||
| $551M | ($29M) | 0.9x | 0.9x | (17.5x) | 19.6x | |||
| $387M | $72M | 1.6x | 1.5x | 8.3x | (41.6x) | |||
| $308M | $32M | 1.2x | 1.1x | 11.2x | 8.7x | |||
This data is available for Pro users. Sign up to see all HeyGears competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HeyGears
| When was HeyGears founded? | HeyGears was founded in 2015. |
| Where is HeyGears headquartered? | HeyGears is headquartered in Guangzhou, China. |
| Is HeyGears publicly listed? | No, HeyGears is a private, VC-backed company. |
| How much funding has HeyGears raised? | HeyGears has raised $151M across 3 funding rounds. |
| What was HeyGears' last funding round? | HeyGears' last funding round was a $44M Series C in May 2026, led by Fortune Venture Capital and Legend Capital. |
| Who are HeyGears' investors? | HeyGears' investors include IDG Capital, Fushi Investment, CAS Investment Management, Yihuiyao Investment, Fortune Venture Capital, Legend Capital, Gopher Asset Management and Gloryhope Capital. |
| Which companies are comparable to HeyGears? | Companies comparable to HeyGears include Autodesk, Agile Space Industries, Hadrian, Xometry, Relativity Space and Divergent. |
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