About UnionTech
UnionTech is a company based in Shanghai (China) founded in 2000 was acquired by Evonik in December 2020. It operates as a Direct-to-Consumer (D2C), and Reseller / Distribution. UnionTech has raised $229.35 million across 3 funding rounds from investors including Evonik, Goldstone Investment and Yuanhe Holdings. UnionTech offers products and services including SLA 3D Printers, SLM 3D Printers, and Resin Materials. UnionTech operates in a competitive market with competitors including Sintavia, Stratasys, Azul 3D, Victrex and Nexa3D, among others.
- Headquarter Shanghai, China
-
Sectors
TechnologyAerospace, Defense & Maritime
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Shanghai Union Technology Corporation
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of UnionTech
UnionTech offers a comprehensive portfolio of products and services, including SLA 3D Printers, SLM 3D Printers, and Resin Materials. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Industrial-grade SLA printers are offered for precision manufacturing.
Metal 3D printers are provided for industrial applications.
Various resin materials are supplied for 3D printing needs.
Funding Insights of UnionTech
UnionTech has successfully raised a total of $229.35M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $30 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series D — $30.0M
-
First Round
First Round
(25 Dec 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series D - UnionTech | Valuation | Goldstone Investment | |
| Nov, 2021 | Amount | Series D - UnionTech | Valuation | Evonik , Dragon Capital | |
| Dec, 2020 | Amount | Private Equity Round - UnionTech | Valuation | E-Town International Investment & Development |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in UnionTech
UnionTech has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Evonik, Goldstone Investment and Yuanhe Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity investments in China are handled by Goldstone Investment.
|
Founded Year | Domain | Location | |
|
Venture capital investments are provided by CASH Capital in technology sectors.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by UnionTech
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - UnionTech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Uniontech Comparisons
Competitors of UnionTech
UnionTech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sintavia, Stratasys, Azul 3D, Victrex and Nexa3D, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of tech-enabled on-demand industrial 3D printing services
|
|
| domain | founded_year | HQ Location |
3D printing equipment and materials are manufactured by Stratasys.
|
|
| domain | founded_year | HQ Location |
High-area rapid 3D printers using stereolithography are developed for manufacturing.
|
|
| domain | founded_year | HQ Location |
Thermoplastic polymer PEEK is manufactured for industries including 3D printing.
|
|
| domain | founded_year | HQ Location |
Industrial 3D printers based on stereolithography technology are provided.
|
|
| domain | founded_year | HQ Location |
Powder-based 3D printers are manufactured for industrial applications.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about UnionTech
When was UnionTech founded?
UnionTech was founded in 2000 and raised its 1st funding round 20 years after it was founded.
Where is UnionTech located?
UnionTech is headquartered in Shanghai, China.
Is UnionTech a funded company?
UnionTech is a funded company, having raised a total of $229.35M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $168.35M, raised on Dec 25, 2020.
What does UnionTech do?
UnionTech, based in Shanghai, China, is engaged in the production of industrial-grade 3D printers and related materials. Solutions are provided for sectors including aerospace, automotive, medical, dental, footwear, education, and cultural creativity. Advanced SLA and SLM 3D printing technologies are utilized to support precision manufacturing and prototyping. The companys products are distributed globally through a network of offices and dealers. Applications are tailored for electronic appliances, architectural models, and tire industries among others. Over 20 years of expertise in 3D printing technology are leveraged to innovate production processes.
Who are the top competitors of UnionTech?
What products or services does UnionTech offer?
UnionTech offers SLA 3D Printers, SLM 3D Printers, and Resin Materials.
Who are UnionTech's investors?
UnionTech has 12 investors. Key investors include Evonik, Goldstone Investment , Yuanhe Holdings, CASH Capital, and Dragon Capital.