
Investments
21Portfolio Exits
2Funds
1Latest Xiamen Venture Capital News
Aug 15, 2022
Micro-LED Chipmaker Sitan Technology Secures Several Financing Rounds Industrial Investment Management Co., Ltd., Shunyu Industrial Investment Fund and Runke (Shanghai) Equity Investment Fund Partnership (L.P.), as well as financial investors such as Sequoia China, CCIG, Xiamen Venture Capital, Xiamen Qisheng Venture Capital Co., Ltd. and Qicheng (Xiamen) Equity Investment Management Co., Ltd. Sitan Technology was established in October 2018 and is dedicated to the R&D and production of high-performance micro-LED chips and display modules. It has built China’s first micro-LED dedicated pilot line in Longhua District, Shenzhen, to start product validation and small batch trial production of micro-LED chips and display modules. Micro-LED is the new generation of display technology, with advantages such as high brightness, high resolution, wide color gamut, low power consumption, long life, and more. It can be widely used in AR/VR/XR applications, intelligent mobile devices, car displays, and more. It is also a core hardware of the future metaverse industry. In terms of its industrial layout, Sitan Technology is committed to tackling core technologies such as chip design, and it promotes the development of micro-LED new display industry together with many industries. In 2020, it completed a pre-A round of financing led by China Fortune-Tech Capital, Shenzhen Septwolves Shenglian Equity Investment Fund Co., Ltd. and QiCheng (Xiamen) Equity Investment Management Co., Ltd. Also in 2020, Sitan Technology completed the second phase of the pilot line and put it into use, further improving its R&D platform. Last year, Sitan Technology completed exclusive A-round strategic investment from Xiaomi Industrial Investment Management Co., Ltd., and strengthened the industrial synergy between the two sides in the field of consumer electronics. In March 2022, Sitan Technology completed round-A+ financing led by Sequoia China, followed by Shunyu Industrial Investment Fund and Xiamen Venture Capital, further strengthening the industrial layout in the XR field. In addition, Sitan Technology has applied for nearly 500 independent intellectual property rights and has authorized more than 200 items in the AR field, forming a relatively complete technical barrier for the micro-LED industry.
Xiamen Venture Capital Investments
21 Investments
Xiamen Venture Capital has made 21 investments. Their latest investment was in Daopulse as part of their Series A on February 2, 2023.

Xiamen Venture Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
2/3/2023 | Series A | Daopulse | $14.76M | Yes | 3 | |
12/15/2022 | Series B | EPIC MEMS | Yes | HUA Partners, Huacheng Capital, Huiyou Capital, Oriental Fortune Capital, Shenzhen Capital Group, and Shunwei Capital | 1 | |
11/28/2022 | Series B | YangShengGuanJia | Yes | 2 | ||
10/18/2022 | Series B | |||||
9/19/2022 | Series B |
Date | 2/3/2023 | 12/15/2022 | 11/28/2022 | 10/18/2022 | 9/19/2022 |
---|---|---|---|---|---|
Round | Series A | Series B | Series B | Series B | Series B |
Company | Daopulse | EPIC MEMS | YangShengGuanJia | ||
Amount | $14.76M | ||||
New? | Yes | Yes | Yes | ||
Co-Investors | HUA Partners, Huacheng Capital, Huiyou Capital, Oriental Fortune Capital, Shenzhen Capital Group, and Shunwei Capital | ||||
Sources | 3 | 1 | 2 |
Xiamen Venture Capital Portfolio Exits
2 Portfolio Exits
Xiamen Venture Capital has 2 portfolio exits. Their latest portfolio exit was CALB on October 06, 2022.
Xiamen Venture Capital Fund History
1 Fund History
Xiamen Venture Capital has 1 fund, including Xiamen Industrial Guidance Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
Xiamen Industrial Guidance Fund | Fund Of Funds | Open | 1 |
Closing Date | |
---|---|
Fund | Xiamen Industrial Guidance Fund |
Fund Type | Fund Of Funds |
Status | Open |
Amount | |
Sources | 1 |
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