# Fullcyro

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

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Beijing, China
- Website: fullcryo.com
- Total disclosed funding: $158M
- Latest round: Series C (Aug 3, 2023)
- Investors on record: 23

## About

Founded in 2016 and based in Beijing, China, Sinoscience Fullcryo Technology Co.,Ltd., trading as Fullcyro, operates as a low temperature equipment manufacturer that provides cryogenic technologies and products. With the research results generated from the two 360 million national major scientific research equipment special support as the core, the company owns 20K-2K core key technologies. It cooperates with Tsinghua University, Baosteel Gases, Suzhou Sanchuan Heat Exchanger Co.,Ltd. and has many subsidiaries, such as Anhui Zhongke Haohai Gas Technology Co., Ltd., Jiangxi Zhongke Fujia Gas Co., Ltd. and Zhongke Fuhai (Handan) hydrogen energy development Co., Ltd.  The company was awarded the title of National High-Tech Enterprise in 2018. In June 2026, it raised CNY 1 billion in a pre-IPO funding. The company works with industrial and institutional clients to provide cryogenic equipment and engineering solutions. Its product portfolio includes gas bearing turbo expanders, large-scale cryogenic refrigerators, and liquid helium and liquid hydrogen storage and transportation systems. Fullcyro integrates cryogenic engineering design, equipment manufacturing, and system-level optimization to support applications requiring ultra-low temperature environments. Its solutions are used in energy infrastructure, scientific research facilities, and industrial gas handling. The company also provides supporting services such as system design, engineering management, and technical consulting to ensure performance and operational safety. The company’s revenue is generated through the sale of cryogenic equipment and systems, as well as engineering and technical services. The company will use the pre-IPO funding to improve the layout of its entire industrial chain of ultra-low temperature and extremely low temperature, accelerate the large-scale implementation of domestic high-end low temperature equipment, and consolidate the foundation for independent control of key low temperature equipment in China's high-tech fields.

## Funding rounds

- Series C, Aug 3, 2023, $112M — Yuexiu Industrial Investment Funds Management, CS Capital, CCT Fund Management, Casstar Capital, CCB Private Equity Investment Management, ICBC Capital Management, Industrial Guoxin Asset Management Co.,Ltd., China Science Ahead Venture Capital
- Series B, Apr 21, 2022, $46M — Agricultural Bank of China, Wuchan Zhongda Group Investment, Casstar Capital, Shenzhen Capital Real Estate Fund, FTZ Fund, Sinochem, Sinopec Capital, Zhike Industry Investment, Industrial Guoxin Asset Management Co.,Ltd.
- Series A, Dec 1, 2020 — China International Capital Corporation, DL Capitals, Shenzhen Capital Real Estate Fund, China Reform Securities Capital, GF Venture Capital, Guancheng Asset Management, CICC Pucheng Investment, Zhongguancun Science City Capital
- Angel, Oct 1, 2016 — Fuhui Capital

## Investors

- Fuhui Capital (https://capitalatlas.ai/funds/fuhui-capital) — Angel
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A
- DL Capitals (https://capitalatlas.ai/funds/dl-capitals) — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series A, Series B
- China Reform Securities Capital (https://capitalatlas.ai/funds/china-reform-securities-capital) — Series A
- GF Venture Capital (https://capitalatlas.ai/funds/gf-venture-capital) — Series A
- Guancheng Asset Management (https://capitalatlas.ai/funds/guancheng-asset-management) — Series A
- CICC Pucheng Investment — Series A
- Zhongguancun Science City Capital (https://capitalatlas.ai/funds/zhongguancun-science-city-capital) — Series A
- Agricultural Bank of China — Series B
- Wuchan Zhongda Group Investment (https://capitalatlas.ai/funds/wuchan-zhongda-group-investment) — Series B
- Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Series B, Series C
- FTZ Fund (https://capitalatlas.ai/funds/ftz-fund) — Series B
- Sinochem (https://capitalatlas.ai/funds/sinochem) — Series B
- Sinopec Capital — Series B
- Zhike Industry Investment (https://capitalatlas.ai/funds/zhike-industry-investment) — Series B
- Industrial Guoxin Asset Management Co.,Ltd. — Series B, Series C
- Yuexiu Industrial Investment Funds Management (https://capitalatlas.ai/funds/yuexiu-industrial-investment-funds-management) — Series C
- CS Capital — Series C
- CCT Fund Management — Series C
- CCB Private Equity Investment Management (https://capitalatlas.ai/funds/ccb-private-equity-investment-management) — Series C
- ICBC Capital Management (https://capitalatlas.ai/funds/icbc-capital-management) — Series C
- China Science Ahead Venture Capital (https://capitalatlas.ai/funds/china-science-ahead-venture-capital) — Series C