WeNext Technology wins $16m in series A

China-based additive manufacturing services provider WeNext Technology has collected over RMB100m ($15.5m) in a series A round co-led by CAS Investment Management, an investment subsidiary of the Chinese Academy of Sciences, DealStreetAsia has reported.
The round was co-led by  Nio Capital, the investment arm of electric carmaker Nio.
WeNext provides manufacturing services including 3D printing, computer numerical control machining, injection moulding and vacuum casting to a global network of enterprise customers.
The company claims to have served more than 150,000 companies since it was founded in 2014 and produces about 20 million components each year.
In December 2020, WeNext received an undisclosed amount of funding from Avic United Innovation Technology, an affiliate of aerospace and defence manufacturer Aviation Industry Corporation of China, as well as CAS and property developer Parkland Group’s Daxie Pengchuang vehicle.
– A version of this article first appeared on our sister site, Global Corporate Venturing.