# Finework

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finework

- Industry: Industrial Machinery
- Headquarters: Changde, China
- Website: www.shfinework.cn
- Total disclosed funding: $7.3M
- Latest round: Series A (Aug 26, 2022)
- Investors on record: 3

## About

Based in Changde, China and founded in 2012, Finework operates as a component manufacturer focusing on the development and manufacture of fasteners for wind power. Finework also established a Hunan province fastener intelligent manufacturing engineering technology research center, and two subsidiaries. The company has authorized 30 national inventions, 28 utility models and 21 software copyrights, and drafted 10 items of national standards. And its annual production capacity can reach over 150,000 tons. The customers of the company include Siemens, Aeris, Vestas and other enterprises. In 2016, it was listed on NEEQ under the number 839826. In 2023, it was listed on Shenzhen Stock Exchange under the number, 301232.

The products of the company can be categorized into two categories, which are fasteners for wind power industry and fasteners for other industrial fields. The wind power fasteners connect the wind turbine blades to the mainframe, tower sections, and wind turbine blades to the ground, which include wind turbine blade pre-bolted bushings, complete machines bolts, anchor bolts components. Besides its fasteners also can be used in the other industry fields, such as bridge, engine machinery, automobile, and aerospace.

## Funding rounds

- Series A, Aug 26, 2022, $7.3M — China Science & Merchants Capital Management, China Soft Capital, Changde Caixin Financial Holding Group

## Investors

- China Science & Merchants Capital Management (https://capitalatlas.ai/funds/china-science-merchants-capital-management) — Series A
- China Soft Capital (https://capitalatlas.ai/funds/china-soft-capital) — Series A
- Changde Caixin Financial Holding Group — Series A