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- TopOlefin Technology
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2023 | Series A | Tongge Venture Capital (lead); Morning Ridge Capital; Houxue Capital; Leishi Tianhui | $14M | TopOlefin 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 2023 | Series B | Kingray 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 | $139M | TopOlefin 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Jul 2023 | ||
| -- | 1 | Participant | Jul 2023 | |
| 1 | Participant | Jul 2023 | ||
| 1 | Lead | Jul 2023 | ||
| 1 | Lead | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Jul 2023 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Jul 2023 | ||
This data is available for Pro users. Sign up to see all 14 TopOlefin Technology investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialTopOlefin 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $93M | - | ||
| Private | - | - | $66M | - | ||
| Private | - | - | $63M | - | ||
| Private | - | - | $61M | - | ||
| Publicly listed | $4.8B | $1.4B | $25B | 5.2x | ||
| Publicly listed | $3.9B | $895M | $9.3B | 2.7x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $34B | $13B | 6.9x | 6.6x | 18.3x | 16.9x | |||
| $31B | $8.6B | 4.5x | 4.4x | 16.4x | 14.3x | |||
| $24B | $4.5B | 3.9x | 3.7x | 20.5x | 19.1x | |||
| $16B | $3.8B | 5.3x | 4.9x | 22.6x | 20.0x | |||
| $17B | $5.7B | 3.6x | 3.5x | 10.3x | 10.1x | |||
| $24B | $5.3B | 3.1x | 3.1x | 14.3x | 10.7x | |||
| $12B | $1.3B | 6.9x | 6.6x | 62.5x | 15.3x | |||
| $8.2B | $986M | 7.6x | 6.2x | 62.8x | 28.3x | |||
This data is available for Pro users. Sign up to see all TopOlefin Technology competitors and their valuation data. Start Free Trial | ||||||||
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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