TopOlefin Technology Funding, Investors & Competitors

TopOlefin Technology has raised $153M across 2 funding rounds, most recently a $14M Series A in November 2023.

Last TopOlefin Technology funding round

$14M

Series A · Nov 2023

Cumulative funding TopOlefin Technology raised

$153M

across 2 funding rounds

Key investors in TopOlefin Technology

  • Leishi Tianhui
  • F&G Venture
  • Houxue Capital
  • Kingray Capital
  • Tongge Venture Capital
  • Raystone Capital
  • Huayuan Capital
  • Lanjun Invest

TopOlefin Technology Overview

About TopOlefin Technology

TopOlefin Technology is a Chinese firm engaged in research, development, and production of advanced polymer materials. It focuses on green, intelligent, high-end new materials like polyolefins for automotive, packaging, and electronics applications. Based in Shanghai, the company manufactures specialty polymers with enhanced mechanical properties and sustainability features for domestic and international markets.


Founded

2020

HQ

ChinaQuzhou

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

TopOlefin Technology Funding History

TopOlefin Technology has raised a total of $153M across 2 funding rounds.

TopOlefin Technology's first fundraising round was a $139M Series B in July 2023. The most recent completed round was a $14M Series A in November 2023.

TopOlefin Technology funding rounds

TopOlefin Technology funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2023Series ATongge Venture Capital (lead); Morning Ridge Capital; Houxue Capital; Leishi Tianhui$14MTopOlefin Technology raised funding in a Series B-II round on November 30, 2023, from investors including Tongge Ventures, CDG Capital, Houxue Capital, and Raystone Capital. The company has completed five funding rounds, accumulating $139.28M in total capital raised. Prior rounds include a Series B on July 21, 2023, Series A on March 30, 2022, Seed on January 13, 2022, and an Angel round.
Jul 2023Series BKingray Capital (lead); Raystone Capital (lead); FG Venture; Lanjun Invest; F&G Venture; Supcon Group; Zhonglan Venture Capital; Jiangsu Libert; Huayuan Capital; Shangrong Capital Management; Leishi Tianhui$139MTopOlefin Technology is an advanced polymer materials provider based in Quzhou, China operating in the industrial sector. The company raised $138.9 million in its Series B funding round on July 24, 2023, with lead investors Kingray Capital and Raystone Capital joined by additional investors including Raystone Capital, FG Venture, Shangrong Capital Management, Jiangsu Libert, and Zhejiang Supcon Technology.

Who has invested in TopOlefin Technology?

14 investors have backed TopOlefin Technology across its funding rounds, including Leishi Tianhui, F&G Venture, Houxue Capital, Kingray Capital, Tongge Venture Capital and Raystone Capital.

Lead investors include Tongge Venture Capital, Kingray Capital and Raystone Capital.


TopOlefin Technology Investors

Investors in TopOlefin Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
Leishi TianhuiChinaWuhan2ParticipantJul 2023
FG Venture--1ParticipantJul 2023
Lanjun InvestChinaNingbo1ParticipantJul 2023
Kingray CapitalChinaBeijing1LeadJul 2023
Raystone CapitalChinaBeijing1LeadJul 2023
F&G VentureChinaShanghai1ParticipantJul 2023
Supcon GroupChinaHangzhou1ParticipantJul 2023
Zhonglan Venture CapitalChinaHuzhou1ParticipantJul 2023
Jiangsu LibertChinaZhangjiagang1ParticipantJul 2023
Huayuan CapitalChinaShanghai1ParticipantJul 2023
Morning Ridge CapitalHong KongHong Kong1ParticipantNov 2023
Shangrong Capital ManagementChinaShanghai1ParticipantJul 2023

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TopOlefin Technology Competitors

TopOlefin Technology competitors include listed companies like Qnity Electronics and Solstice Advanced Materials, and private ones like Shanhai Innovation, Zhongpo New Materials, InventWood and Faircraft.

Public and private companies comparable to TopOlefin Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Shanhai InnovationChinaShenzhenPrivate--$93M-
Zhongpo New MaterialsChinaBeijingPrivate--$66M-
InventWoodUnited StatesWashington, DCPrivate--$63M-
FaircraftFranceParisPrivate--$61M-
Qnity ElectronicsUnited StatesUnited StatesPublicly listed$4.8B$1.4B$25B5.2x
Solstice Advanced MaterialsUnited StatesUnited StatesPublicly listed$3.9B$895M$9.3B2.7x

TopOlefin Technology Public Comps

TopOlefin Technology is still privately-owned, but its public comps include Linde, Air Liquide, Sherwin-Williams, Ecolab, Shin-Etsu, Merck KGaA, Air Products, Nan Ya Plastics, BASF and SABIC.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Linde$34B$13B6.9x6.6x18.3x16.9x
Air Liquide$31B$8.6B4.5x4.4x16.4x14.3x
Sherwin-Williams$24B$4.5B3.9x3.7x20.5x19.1x
Ecolab$16B$3.8B5.3x4.9x22.6x20.0x
Shin-Etsu$17B$5.7B3.6x3.5x10.3x10.1x
Merck KGaA$24B$5.3B3.1x3.1x14.3x10.7x
Air Products$12B$1.3B6.9x6.6x62.5x15.3x
Nan Ya Plastics$8.2B$986M7.6x6.2x62.8x28.3x

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Common questions about TopOlefin Technology

When was TopOlefin Technology founded?TopOlefin Technology was founded in 2020.
Where is TopOlefin Technology headquartered?TopOlefin Technology is headquartered in Quzhou, China.
Is TopOlefin Technology publicly listed?No, TopOlefin Technology is a private, VC-backed company.
How much funding has TopOlefin Technology raised?TopOlefin Technology has raised $153M across 2 funding rounds.
What was TopOlefin Technology's last funding round?TopOlefin Technology's last funding round was a $14M Series A in November 2023, led by Tongge Venture Capital.
Who are TopOlefin Technology's investors?TopOlefin Technology's investors include Leishi Tianhui, FG Venture, Lanjun Invest, Kingray Capital, Raystone Capital, F&G Venture, Supcon Group, Zhonglan Venture Capital, Jiangsu Libert, Huayuan Capital and 4 others.
Which companies are comparable to TopOlefin Technology?Companies comparable to TopOlefin Technology include Shanhai Innovation, Zhongpo New Materials, InventWood, Faircraft, Qnity Electronics and Solstice Advanced Materials.

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