UnionTech Valuation, Funding & Investors

UnionTech is valued at $1.2B as of March 2024.

Last UnionTech valuation

$1.2B

Series B · Mar 2024

Last UnionTech funding round

$111M

Series B · Mar 2024

Cumulative funding UnionTech raised

$279M

across 2 funding rounds

Key investors in UnionTech

  • Jiashu Investment
  • Shenzhen Capital Group
  • Gaorong Capital
  • Beijing E-town International Investment & Development
  • Shanghai GuoHe Capital
  • Beijing Information Industry Development Investment Fund

UnionTech Overview

About UnionTech

UnionTech is a Beijing-headquartered developer of operating systems and foundational software for enterprise and government use. Formed in 2019 by merger of domestic OS firms like Loongson and KylinSoft, it delivers distributions based on Linux kernel with domestic processors. The company maintains R&D centers in Wuhan, Shanghai, Guangzhou, and Nanjing for hardware adaptation and security hardening. UnionTech products secure national infrastructure including banking systems and public security networks compliant with China's cybersecurity law.


Founded

2019

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Licensing, Subscription

Valuation

$1.2B (Mar 2024)

UnionTech Valuation

UnionTech is currently valued at $1.2B, based on its Series B in March 2024.

The $111M round included Jiashu Investment and Beijing Information Industry Development Investment Fund.

UnionTech's valuation has grown 1.3x from $902M at its Series A in December 2020 to $1.2B in March 2024, across 2 priced rounds.

UnionTech valuation by funding round

UnionTech valuation by funding round
DateStageValuation
Mar 2024Series B$1.2B
Dec 2020Series A$902M

UnionTech Funding History

UnionTech has raised a total of $279M across 2 funding rounds, plus 1 secondary share sale.

UnionTech's first fundraising round was a $168M Series A in December 2020. The most recent completed round was a $111M Series B in March 2024.

UnionTech funding rounds

UnionTech funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2024Series BJiashu Investment; Beijing Information Industry Development Investment Fund$111M$1.2B-
Mar 2024SecondaryJiashu Investment (lead)$16M-Uniontech Software Technology Co., Ltd. received CNY 800 million in equity funding from Beijing Jiashu Investment Co., Ltd. on March 26, 2024. Beijing Jiashu Investment completed the acquisition of a 12.15% stake in Uniontech. Another source mentions Beijing Jiashu Investment planning to inject 500 million yuan as part of Uniontech's Series B financing round, with a total raise of CNY 913.58 million involving Beijing Information Industry Development Investment Fund and Jiashu Investment. As of September 30, 2023, Uniontech reported total assets of CNY 1.02 billion and net assets of CNY 652.69 million.
Dec 2020Series ABeijing E-town International Investment & Development (lead); Gaorong Capital; Shenzhen Capital Group; Shanghai GuoHe Capital$168M$902MUnionTech is a Chinese industrial-grade stereolithography (SLA) 3D printer manufacturer established in 2000, specializing in nonmetallic 3D printing with over 20 product series, 68 subdivided products, and 178 patents. The company has developed proprietary software including data pre-processing (Polydevs), printing control (RSCON/DSCON), process algorithms (BP), and a digital production management system (Unionfab), forming a complete 3D printing software ecosystem. It focuses on new materials, intelligent manufacturing, digital production, and network collaboration to empower flexible production and build China's largest 3D industrial printing cloud factory platform. UnionTech reported average annual operating income growth over 50% and equipment growth over 80% in the past decade leading to 2021, with R&D investment exceeding 100 million yuan in the prior three years. CONTEXT market analysis showed UnionTech topping global industrial-grade 3D printing shipments in Q1-Q2 2021, amid China's 3D printing industry growing at a 49% CAGR over five years. A later Series D-II raised $30M on September 12, 2022, from CITIC GoldStone, CASH Capital, Dragonrise, Mount Morning Capital, and Oriza Holdings. Total funding across five rounds reached $63.74M by 2022.

Who has invested in UnionTech?

6 investors have backed UnionTech across its funding rounds, including Jiashu Investment, Shenzhen Capital Group, Gaorong Capital, Beijing E-town International Investment & Development, Shanghai GuoHe Capital and Beijing Information Industry Development Investment Fund.

Lead investors include Jiashu Investment and Beijing E-town International Investment & Development.


UnionTech Investors

Investors in UnionTech by funding rounds participated
InvestorHQRoundsRoleFirst check
Jiashu InvestmentChinaChina2LeadMar 2024
Beijing E-town International Investment & DevelopmentChinaBeijing1LeadDec 2020
Gaorong CapitalChinaBeijing1ParticipantDec 2020
Beijing Information Industry Development Investment FundChinaBeijing1ParticipantMar 2024

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UnionTech Competitors

UnionTech competitors include listed companies like Odine and Beijing Topnew Info, and private ones like CloudBees, Dotc United Group, Imply and Obsidian Security.

Public and private companies comparable to UnionTech
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CloudBeesUnited StatesSan Jose, CAPrivate$150M-$1.1B7.7x
Dotc United GroupChinaShanghaiPrivate$323M-$1.1B3.5x
OdineTurkeyTurkeyPublicly listed$39M$3M$1.2B-
Beijing Topnew InfoChinaChinaPublicly listed$39M($4M)$1.2B-
ImplyUnited StatesSan Francisco, CAPrivate--$1.1B-
Obsidian SecurityUnited StatesLos Angeles, CAPrivate--$1.1B-

UnionTech Public Comps

UnionTech is still privately-owned, but its public comps include ScanSource, Chengdu CORPRO Technology, Droneshield, Odine, Beijing Topnew Info, Cricut, Plejd, Japan Aviation Electronics, EmbedWay and Invisio.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ScanSource$3.2B$122M0.4x0.4x9.7x7.7x
Chengdu CORPRO Technology$142M$22M8.7x9.0x57.1x22.8x
Droneshield$154M$3M6.7x5.8x321.0x(254.5x)
Odine$39M$3M29.9x-339.8x-
Beijing Topnew Info$39M($4M)29.7x-(325.1x)-
Cricut$709M$122M1.3x1.3x7.6x7.4x
Plejd$95M$32M11.4x9.1x33.6x25.2x
Japan Aviation Electronics$1.5B$194M0.7x0.7x5.5x5.7x

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Common questions about UnionTech

When was UnionTech founded?UnionTech was founded in 2019.
Where is UnionTech headquartered?UnionTech is headquartered in Beijing, China.
Is UnionTech publicly listed?No, UnionTech is a private, VC-backed company.
What is UnionTech's valuation?UnionTech was last valued at $1.2B in its Series B in March 2024.
How much funding has UnionTech raised?UnionTech has raised $279M across 2 funding rounds.
What was UnionTech's last funding round?UnionTech's last funding round was a $111M Series B in March 2024.
Who are UnionTech's investors?UnionTech's investors include Jiashu Investment, Beijing E-town International Investment & Development, Gaorong Capital, Beijing Information Industry Development Investment Fund, Shenzhen Capital Group and Shanghai GuoHe Capital.
Which companies are comparable to UnionTech?Companies comparable to UnionTech include CloudBees, Dotc United Group, Odine, Beijing Topnew Info, Imply and Obsidian Security.

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