# Group Smart

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

- Industry: Materials
- Headquarters: Suqian, China
- Website: www.qunchuangzhihui.com
- Latest round: Series A (Dec 26, 2024)
- Investors on record: 1

## About

Founded in 2022 and based in Suqian, China, Group Smart operates as an advanced materials developer that mainly provides thin film materials. In December 2024, it closed a series A funding from new investor Soochow Venture Investment.

Group Smart specializes in high-performance films tailored for various industries, focusing primarily on multilayer co-extruded high barrier membranes, optical functional films, and specialized films for the electronics and semiconductor sectors. The core product offerings include high-temperature cooking high barrier cast film, medium barrier cast film, biodegradable reaction bag films, and medical packaging films, all designed for specific applications such as food preservation, medical device packaging, and electronic component protection. The company serves diverse clients across multiple geographical markets in Asia and Europe.

The revenue model for the company revolves around B2B transactions, primarily engaging in direct sales to manufacturers and distributors who require specialized film products. Transactions typically involve bulk orders where clients procure high barrier films and other specialty products for integration into their manufacturing processes.

The company plans to use the venture funding to accelerate the development of new products, including advanced barrier films set to launch in 2025. Additionally, Group Smart aims to expand its market presence in Europe and North America by the end of 2026, enhancing its capacity to serve clients in these regions.

## Funding rounds

- Series A, Dec 26, 2024 — Soochow Venture Investment

## Investors

- Soochow Venture Investment (https://capitalatlas.ai/funds/soochow-venture-investment) — Series A