Hebei Synlight Crystal Co., Ltd. announced that it has received $31 million in funding from Nanjing Venture Capital Management Co., Ltd, Shenzhen Inovance Technology Co.,Ltd, Chongqing Hi-Tech Venture Capital Red Horse Capital Management Co., Ltd., Shanghai Lianyi Investment Management Co., Ltd., Shanghai New Alliance Investment Management Co., Ltd., CITIC Private Equity Funds Management Co., Ltd.
July 15, 2021
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Hebei Synlight Crystal Co., Ltd. announced that it has received $31,000,000 in pre-IPO round of funding on July 16, 2021. The transaction included participation from Nanjing Venture Capital Management Co., Ltd., Shenzhen Inovance Technology Co., Ltd., Chongqing Hi-Tech Venture Capital Red Horse Capital Management Co., Ltd., Shanghai Military-Civilian Integration Industry Equity Investment Fund Partnership Enterprise (LP), a fund managed by Shanghai Lianyi Investment Management Co., Ltd., retuning investors Shanghai New Alliance Investment Management Co., Ltd., and CITIC Private Equity Funds Management Co., Ltd.
Shenzhen Inovance Technology Co., Ltd. specializes in the design, development and marketing of industrial automation solutions and systems. Net sales break down by family of products as follows:
- industrial automation systems (87.2%): variable speed drives, frequency converters, inverters, electrical voltage control and monitoring systems, control and drive systems, robots, etc.;
- others (12.8%): new energy vehicles and rail transport systems.
China accounts for 95.7% of net sales.
Hebei Synlight Crystal Co., Ltd. announced that it has received $31 million in funding from Nanjing Venture Capital Management Co., Ltd, Shenzhen Inovance Technology Co.,Ltd, Chongqing Hi-Tech Venture Capital Red Horse Capital Management Co., Ltd., Shanghai Lianyi Investment Management Co., Ltd., Shanghai New Alliance Investment Management Co., Ltd., CITIC Private Equity Funds Management Co., Ltd.
SHENZHEN INOVANCE TECHNOLOGY CO.,LTD 
