# Daqo New Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/daqo-new-energy

- Industry: Chemicals
- Headquarters: Shihezi, China
- Website: www.xjdqsolar.com
- Total disclosed funding: $55M
- Latest round: Series A (Nov 1, 2009)
- Investors on record: 4

## About

Based in Shihezi, China and founded in 2011, Daqo New Energy operates as a manufacturer of high purity polysilicon that focuses on the production of polysilicon mainly by cold hydrogenation process. As of 2023, the company has nearly 2,500 employees.. The firm has been awarded as the National Technology Innovation Demonstration Enterprise, and the Intelligent Photovoltaic Pilot Demonstration Enterprise. In 2021, it was listed on Shanghai Sci-Tech Innovation Board. Its stock code is 688303. The company built a national joint local engineering laboratory of photovoltaic silicon material development technology.

The company adopts fully automatic, full-cycle closed-loop operation process to produce polysilicon products, including P-type single crystal dense large material, N-type single crystal with material, P-type single crystal coral large material. Its products can be used in solar photovoltaic products such as silicon ingots, wafers, cells and cell modules.

## Funding rounds

- Series A, Nov 1, 2009, $55M — NewMargin Ventures, Siguler Guff, Venture Stars, Jiyuan Capital

## Investors

- NewMargin Ventures (https://capitalatlas.ai/funds/newmargin-ventures) — Series A
- Siguler Guff (https://capitalatlas.ai/funds/siguler-guff) — Series A
- Venture Stars (https://capitalatlas.ai/funds/venture-stars) — Series A
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A