- Companies
- UnionTech
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Mar 2024 | Series B | $1.2B |
| Dec 2020 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series B | Jiashu Investment; Beijing Information Industry Development Investment Fund | $111M | $1.2B | - |
| Mar 2024 | Secondary | Jiashu 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 2020 | Series A | Beijing E-town International Investment & Development (lead); Gaorong Capital; Shenzhen Capital Group; Shanghai GuoHe Capital | $168M | $902M | UnionTech 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2024 | ||
| 1 | Lead | Dec 2020 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | Mar 2024 | ||
This data is available for Pro users. Sign up to see all 6 UnionTech investors. Start Free Trial | ||||
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Start Free TrialUnionTech Competitors
UnionTech competitors include listed companies like Odine and Beijing Topnew Info, and private ones like CloudBees, Dotc United Group, Imply and Obsidian Security.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $150M | - | $1.1B | 7.7x | ||
| Private | $323M | - | $1.1B | 3.5x | ||
| Publicly listed | $39M | $3M | $1.2B | - | ||
| Publicly listed | $39M | ($4M) | $1.2B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.2B | $122M | 0.4x | 0.4x | 9.7x | 7.7x | |||
| $142M | $22M | 8.7x | 9.0x | 57.1x | 22.8x | |||
| $154M | $3M | 6.7x | 5.8x | 321.0x | (254.5x) | |||
| $39M | $3M | 29.9x | - | 339.8x | - | |||
| $39M | ($4M) | 29.7x | - | (325.1x) | - | |||
| $709M | $122M | 1.3x | 1.3x | 7.6x | 7.4x | |||
| $95M | $32M | 11.4x | 9.1x | 33.6x | 25.2x | |||
| $1.5B | $194M | 0.7x | 0.7x | 5.5x | 5.7x | |||
This data is available for Pro users. Sign up to see all UnionTech competitors and their valuation data. Start Free Trial | ||||||||
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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