HBD closes $60 million Series A financing
February 2, 2022
Chinese metal Additive Manufacturing company Hanbang United 3D Technology Co., Ltd (HBD), has announced that it has closed a $60 million Series A financing. The round of funding was led by Qianhai FOF, co-invested by Grand Flight Investment & CITIC Securities Investment, and Winsoul Capital served as the exclusive financial advisor.
HBD offers Additive Manufacturing equipment, software, materials and processes that support industries such as aerospace, industrial and medical. By the end of 2021, HBD was reported to have delivered over 500 metal AM machines in total, which were sold to over twenty countries and regions around the world.
The core team of HBD has nearly two decades of experience in metal AM production. Of its total personnel, R&D accounts for over half, and the investment is reputedly worth millions of US dollars each year. At present, the company has over 200 patents, including three international patents. In addition, as a main drafter, HBD participated in the formulation of fourteen national and industry standards and took part in the construction and standard formulation of China’s AM evaluation system.
HBD acquired around 6.5 acres of land in 2021, where it plans to build a new R&D and production facility. With the completion of this financing, HBD will continue to invest in high-tech R&D, technical team building and high-end manufacturing.
“The current mainstream aerospace, industrial, medical, moulding and other fields, and other industries will also be more applied to metal 3D printing technology, giving birth to trillion-level market opportunities,” stated Jianye Liu, founder and CEO of HBD. “With the spirit of metal 3D printing craftsman, HBD strives to improve the team, management, products and services, forms a back-to-back mutual trust cooperation relationship with upstream and downstream partners, and adheres to the principle of providing core competitiveness for partners in the long term. HBD is confident that it will do better in the future. While growing rapidly, HBD will also promote the faster and better development of the entire Chinese metal 3D printing industry.”
Zhilong Fu, a partner at WinSoul Capital and head of the AI/Intelligent Manufacturing Group, said, added, “As a senior enterprise rooted in metal Additive Manufacturing, HBD is committed to leading the industry to achieve breakthroughs in technological bottlenecks, also actively cooperate with upstream and downstream ecological partners in a flexible business model to expand new ideas for industry development and accelerate the large-scale application of metal 3D printing technology. We have seen HBD’s determination to pursue innovation, and we also expect HBD to reach a higher level under the leadership of Mr. Jianye Liu and the support of shareholders, leading China’s metal 3D printing technology to the world stage. WinSoul Capital will accompany HBD to grow together and help HBD become a new generation of metal 3D printing leader.”