Nio Capital participated in the 3D printing technology producer’s latest round as it looks to accelerate technology innovation.
China-based 3D printing technology provider WeNext Technology has received $55m in funding from investors including Nio Capital, the venture capital firm formed by automotive manufacturer Nio, DealStreetAsia reported yesterday.
The round was co-led by Singaporean state-owned investor Temasek, Cathay Capital and Straight Capital and included Cas Investment Management, an investment vehicle for Chinese Academy of Sciences.
Founded in 2014, WeNext provides manufacturing services like 3D printing, rapid tooling, vacuum casting and injection moulding.
The company has served some 200,000 clients to date and will use the proceeds from the round to continue driving its technology innovation. Nio Capital and Cas Investment Management had previously co-led a series A round for WeNext sized at over $15.5m in January this year.
CAS Investment Management had joined aerospace manufacturer Aviation Industry Corporation of China’s Avic United Innovation Technology subsidiary and property developer Parkland Group’s Daxie Pengchuang vehicle to provide an undisclosed amount…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
