# GoerTek Group Co.

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

- Industry: Electronics
- Headquarters: WeiFang, China
- Website: www.goertek.com
- Total disclosed funding: $0.7M
- Latest round: Series A (Jun 1, 2007)
- Investors on record: 1

## About

Goertek Group Co., Ltd. is a precision electronics manufacturer specializing in acoustic components, optical products, and smart device solutions, catering to diverse sectors including consumer electronics and telecommunications.Founded in 2001 in WeiFang, China, Goertek Group Co., Ltd. is engaged in the design and manufacturing of precision electronic components. The company has pivoted its focus over the years towards smart device solutions and optical products. Goertek has made a significant move in its funding landscape, raising RMB 563.4 million in an IPO on May 21, 2008, with a total amount raised of RMB 563.4 million.Goertek Inc. specializes in the design and manufacturing of precision electronic components and complete machine products, primarily focusing on acoustic components, optical products, and smart device solutions. Their core offerings include advanced acoustic modules, integral for sound systems in consumer electronics, as well as precision optical devices catering to the expanding markets of augmented and virtual reality. Additionally, Goertek develops integrated solutions for smart wearable devices, enhancing user interaction and functionality. The company serves a diverse client base across North America, Europe, and Asia, providing products that address high-quality audio and comprehensive smart technology solutions in consumer electronics, telecommunications, and automotive sectors.In the most recent fiscal year of 2022, Goertek reported a revenue of CNY 15,616,740,263.6 and an EBITDA of CNY 749,762,510. The company's revenue is derived from structured B2B sales, partnerships with major technology firms, and custom solutions for various industries, particularly through flagship products like high-performance acoustic modules which are driven by bulk orders and long-term contracts.The company plans to launch new products focusing on enhanced smart device capabilities and precision optical technologies in the coming year. Goertek is targeting expansion into the European market by 2025, leveraging its recent IPO funding raised in May 2008, amounting to RMB 563.4 million, to support these initiatives. The funds will facilitate research and development efforts in innovative technology and market entry strategies for new geographic regions.

## Funding rounds

- Series A, Jun 1, 2007, $0.7M — Hongkun Capital

## Investors

- Hongkun Capital (https://capitalatlas.ai/funds/hongkun-capital) — Series A