# DMN

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dmn-2

- Industry: Materials
- Headquarters: Nanjing, China
- Website: www.damaoniu.com
- Total disclosed funding: $17M
- Latest round: Series B (Nov 11, 2022)
- Investors on record: 5

## About

Based in Nanjing, China, and established in 2019, DMN is a material company committed to providing physical foaming solutions to the foam industry. As of 2023, it has applied for more than 180 invention patents, 21 international PCT, 24 utility model patents, and 4 copyrights. Peng Bai, the founder of the company, has worked for Best Buy and Hong Kong Huiyin Holdings. In August 2023, DMN raised series B+ funding from new investor OmniProsperity Capital. 

The company engages in the development and production of ultra-low-density physical foam technology. The product includes EVA, TPEE, PEBAX, etc. The company's material products are divided into three core series: high resilience, high insulation, and degradable. High-resilience materials are used in sports outdoor, footwear, and cushion products. High thermal insulation materials are used in thermal insulation scenarios such as cold chain logistics, high-speed rail, automobiles, and airplanes. The degradable series is used in scenarios where biological and marine biodegradability is required.

## Funding rounds

- Series B, Nov 11, 2022, $17M — Addor Capital, Guosheng Zhongcheng Venture Capital, Kuntai Capital, Fangdao Capital
- Series A, Dec 14, 2021 — Fortune Link

## Investors

- Fortune Link (https://capitalatlas.ai/funds/fortune-link) — Series A
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series B
- Guosheng Zhongcheng Venture Capital — Series B
- Kuntai Capital (https://capitalatlas.ai/funds/kuntai-capital) — Series B
- Fangdao Capital — Series B