# Foresun Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foresun-group

- Industry: Agribusiness
- Headquarters: Nehe, China
- Website: www.hengyangsp.com
- Latest round: Series B (May 26, 2016)
- Investors on record: 2

## About

Foresun Group is a manufacturing company focused on producing high-quality specialty steel products for various industrial applications, including automotive and construction sectors.Founded in 2005 in Nehe, China, Foresun Group specializes in the production of specialty steels. The company has successfully closed 3 deals, with the most recent being a Growth round in May 2016, which raised CNY 120.00 mn from Bright Stone Capital. The total amount raised by the company stands at CNY 120.00 mn.Foresun Group, through its subsidiary Hengyang Special Steel Company, specializes in high-quality steel products tailored for diverse industrial applications. Key offerings include specialty steels for automotive, construction, and machinery manufacturing, designed for strength, durability, and corrosion resistance, meeting the specific needs of manufacturers in North America and Europe.Foresun Group generates revenue through direct sales of specialty steel products to industrial clients, primarily operating on a B2B model. Contracts define pricing and delivery terms based on product specifications, ensuring steady revenue through long-term partnerships and repeat purchases from clients.Following their most recent deal in May 2016, Foresun Group plans to utilize the raised funds to expand its product offerings and enter new geographic markets. The company is focused on developing new specialty steel products to cater to evolving industry demands, with specific expansion targets in Southeast Asia and Europe planned for the next two years.

## Funding rounds

- Series B, May 26, 2016 — Gold Buffalo
- Series A, Mar 23, 2015 — Detong Capital

## Investors

- Detong Capital (https://capitalatlas.ai/funds/detong-capital) — Series A
- Gold Buffalo (https://capitalatlas.ai/funds/gold-buffalo) — Series B