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Founded Year

2010

Stage

Series C - III | Alive

Total Raised

$176.91M

Valuation

$0000 

Last Raised

$87.13M | 10 mos ago

About B&C Chemical

B&C Chemical is a national tech enterprise integrating research and development, production, and operation of high-end photoresists, photoresist monomers, and photoresist resins. The company focuses on the independent research and development and production of photolithographic collagen materials to finished products and has realized an independent and controllable supply chain from the localization of monomers, photoresist-specific resins, photoacids, and final product photoresists. The company was founded in 2010 and is based in Pizhou, China.

Headquarters Location

No. 88 , Liaohe West Road Chemical Industry Cluster Area, Pizhou Economic Development Zone

Pizhou, Jiangsu,

China

0516-86290145

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Research containing B&C Chemical

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned B&C Chemical in 1 CB Insights research brief, most recently on Jul 12, 2021.

Expert Collections containing B&C Chemical

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B&C Chemical is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.

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Latest B&C Chemical News

Huawei-backed chip material maker B&C Chemical hits unicorn status post $87m round

Apr 24, 2023

Photo by Brian Kostiuk on Unsplash. 24 April, 2023 Xuzhou B&C Chemical, a Chinese maker of the semiconductor material photoresists, has raised over 600 million yuan ($86.9 million) in a new funding round at a post-money valuation of about 7 billion yuan (over $1 billion). B&C Chemical, whose early backers include China’s Huawei Technologies, secured the new financing from two lead investors, namely Shanghai-based private equity (PE) firm Zhongping Capital and Guokai Technology Venture Investment, a subsidiary of state-owned China Development Bank Capital, said the firm in its latest statement. B&C Chemical said that the investment will speed up its R&D of self-developed photoresist technologies and expand its production capacity, as the firm looks to transform into a refined chemical platform. A group of domestic investment companies participated in the round, such as semiconductor-focused New Hope Capital, hard tech investment firm V Fund, and early-stage venture capital (VC) firm Qingsong Fund. The deal also attracted China’s state investors, including Suzhou International Development Venture Capital and Shandong Railway Development Fund. Founded in 2010, B&C Chemical came under the spotlight of the PE-VC circle in August 2021 when the firm completed a 300-million-yuan ($43.5 million) investment from Hubble Technology Investment. Hubble was launched in 2019 by Chinese technology giant Huawei to step up its investments in companies that are racing to build China’s semiconductor supply chain. Following the investment from Hubble, the firm raised two investments in 2022 from investors including Prosperity Investment, Xin Ding Capital, Ruixin Capital, and New Hope Capital. Earlier this year, it raised what it refers to as “tens of millions of Chinese yuan” from Acer Capital, a Shenzhen-based PE focusing on hard technologies like semiconductors and material science. In July 2022, B&C Chemical entered into an agreement with its shareholder HMT Xiamen New Technical Materials, a domestic auto parts and textile fabrics manufacturer, to set up a joint venture (JV) for the construction of a plant capable of producing 8,000 tonnes of mid-to-high-end photoresists per year. The duo expected to complete the plant construction in 18 months and targeted to put it into operation around 2023-2024, the publicly-listed HMT Xiamen New Technical Materials disclosed in a stock exchange filing. The plant’s annual output value is estimated at more than 2 billion yuan ($289.7 million).

B&C Chemical Frequently Asked Questions (FAQ)

  • When was B&C Chemical founded?

    B&C Chemical was founded in 2010.

  • Where is B&C Chemical's headquarters?

    B&C Chemical's headquarters is located at No. 88 , Liaohe West Road, Pizhou.

  • What is B&C Chemical's latest funding round?

    B&C Chemical's latest funding round is Series C - III.

  • How much did B&C Chemical raise?

    B&C Chemical raised a total of $176.91M.

  • Who are the investors of B&C Chemical?

    Investors of B&C Chemical include Acer Capital, V FUND, BullsFund, Suzhou International Development Venture Capital Holding, Zesen Capital and 19 more.

  • Who are B&C Chemical's competitors?

    Competitors of B&C Chemical include Bonovo Orthopedics and 4 more.

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