Xunshi Technology Funding, Investors & Competitors

Xunshi Technology has raised $114M across 2 funding rounds, most recently a $100M Series D in October 2022.

Last Xunshi Technology funding round

$100M

Series D · Oct 2022

Cumulative funding Xunshi Technology raised

$114M

across 2 funding rounds

Key investors in Xunshi Technology

  • CD Capital
  • Marathon Venture Partners
  • SoftBank Group
  • ZWC Partners
  • Yiheng Capital

Xunshi Technology Overview

About Xunshi Technology

Xunshi Technology is a Chinese specialist in 3D technologies, delivering modeling, scanning, printing, and rendering services. Applications span architecture for virtual walkthroughs, manufacturing for prototyping, and media for visual effects. The company utilizes advanced scanners and printers to create accurate 3D models from physical objects, supporting design iteration and production workflows.


Founded

2013

HQ

ChinaHangzhou

Status

Privately held

Customer focus

B2B

Revenue model

Services

Xunshi Technology Funding History

Xunshi Technology has raised a total of $114M across 2 funding rounds.

Xunshi Technology's first fundraising round was a $14M Series B in October 2019. The most recent completed round was a $100M Series D in October 2022.

Xunshi Technology funding rounds

Xunshi Technology funding rounds
DateStageInvestorsRaisedDeal Summary
Oct 2022Series DSoftBank Group (lead); Marathon Venture Partners; CD Capital; Yiheng Capital; ZWC Partners$100M-
Oct 2019Series BCD Capital (lead); Marathon Venture Partners (lead)$14MZhejiang Xunshi Technology Co., Ltd., operating as Soonsolid, is a high-tech enterprise founded in 2013, specializing in the research, development, manufacturing, sales, and service of 3D printing solutions, including SLA 3D printing and medical digital diagnostics products. The company is based in Keqiao District, Shaoxing City, Zhejiang Province, China, and was co-founded by talents from Zhejiang Province's 'Thousand Talents Plan' and other high-level domestic experts. On October 29-30, 2019, Xunshi Technology (Soonsolid) completed a Series B funding round, raising approximately 100 million yuan ($14.15 million USD) led by CD Capital and Marathon Venture Partners. The proceeds were allocated to the research and development of digital dentistry products and market expansion. CD Capital is a venture capital firm focused on life sciences and medical technology, managing RMB and USD funds totaling $600M, while Marathon Venture Partners invests in early and growth-stage healthcare and fintech companies. This marked the company's only funding round per some records, though others note prior angel rounds in 2017 and 2018, followed by a Series C in November 2020. The investment reflects confidence in Xunshi's position in robotics, automation, advanced manufacturing, and dental digital solutions.

Who has invested in Xunshi Technology?

5 investors have backed Xunshi Technology across its funding rounds, including CD Capital, Marathon Venture Partners, SoftBank Group, ZWC Partners and Yiheng Capital.

Lead investors include SoftBank Group, CD Capital and Marathon Venture Partners.


Xunshi Technology Investors

Investors in Xunshi Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
Marathon Venture PartnersChinaShanghai2LeadOct 2019
CD CapitalUnited KingdomLondon2LeadOct 2019
Yiheng CapitalUnited StatesSan Francisco, CA1ParticipantOct 2022

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Xunshi Technology Competitors

Xunshi Technology competitors include listed companies like Autodesk and Xometry, and private ones like Agile Space Industries, Hadrian, Relativity Space and Divergent.

Public and private companies comparable to Xunshi Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AutodeskUnited StatesUnited StatesPublicly listed$7.2B$1.8B$46B5.7x
Agile Space IndustriesUnited StatesDurango, COPrivate$28M-$8B285.7x
HadrianUnited StatesNew York City, NYPrivate--$7.9B-
XometryUnited StatesUnited StatesPublicly listed$687M($46M)$5.5B6.2x
Relativity SpaceUnited StatesLos Angeles, CAPrivate--$4.2B-
DivergentUnited StatesLos Angeles, CAPrivate--$2.3B-

Xunshi Technology Public Comps

Xunshi Technology is still privately-owned, but its public comps include Autodesk, Xometry, Renishaw, Proto Labs, Kinpo Electronics, Stratasys, 3D Systems, Materialise, ispace and Velo3D.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Autodesk$7.2B$1.8B6.3x5.7x25.6x14.1x
Xometry$687M($46M)7.7x6.2x(114.7x)107.2x
Renishaw$957M$193M4.9x4.2x24.1x17.9x
Proto Labs$533M$65M3.6x3.4x29.6x21.3x
Kinpo Electronics$5.1B$199M0.5x-13.7x-
Stratasys$551M($29M)0.9x0.9x(17.5x)19.6x
3D Systems$387M$72M1.6x1.5x8.3x(41.6x)
Materialise$308M$32M1.2x1.1x11.2x8.7x

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Common questions about Xunshi Technology

When was Xunshi Technology founded?Xunshi Technology was founded in 2013.
Where is Xunshi Technology headquartered?Xunshi Technology is headquartered in Hangzhou, China.
Is Xunshi Technology publicly listed?No, Xunshi Technology is a private, VC-backed company.
How much funding has Xunshi Technology raised?Xunshi Technology has raised $114M across 2 funding rounds.
What was Xunshi Technology's last funding round?Xunshi Technology's last funding round was a $100M Series D in October 2022, led by SoftBank Group.
Who are Xunshi Technology's investors?Xunshi Technology's investors include Marathon Venture Partners, CD Capital, Yiheng Capital, SoftBank Group and ZWC Partners.
Which companies are comparable to Xunshi Technology?Companies comparable to Xunshi Technology include Autodesk, Agile Space Industries, Hadrian, Xometry, Relativity Space and Divergent.

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