# Haobo New Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/haobo-new-materials

- Industry: Renewable Energy
- Headquarters: Jiangyin, China
- Website: www.hbkj-sic.com
- Total disclosed funding: $33M
- Latest round: Series C (Aug 9, 2013)
- Investors on record: 3

## About

Haobo New Materials is a company focused on the development and production of advanced materials, specializing in innovative solutions tailored for various industrial applications.Based in Jiangyin, China, Haobo New Materials specializes in advanced materials for diverse industries. The company has raised a total of CNY 7.740 mn through three funding rounds, with its latest round being a Series C completed on August 9, 2013, attracting investors including Junsan Capital, Oriental Fortune Capital, and Sova Capital. The company was founded by individuals whose information is not disclosed, and its operations have not undergone any significant pivots since inception.Haobo New Materials specializes in developing advanced materials suitable for various applications across multiple industries. Their product lineup includes specialized coatings, composites, and other innovative materials designed to enhance performance and durability in industrial settings.Haobo New Materials generates revenue through a structured fee-for-service model, focusing on the sales of advanced materials. Their pricing structure involves direct billing for material sales and tailored solutions that meet industry-specific needs. Client agreements typically include one-time payments for initial orders and recurring fees for ongoing supply contracts, allowing for stable revenue generation as they maintain long-term supplier relationships.In August 2013, Haobo New Materials raised CNY 7.740 mn in Series C financing to support their growth initiatives. The funding will be utilized to enhance product development, with new material innovations slated for launch in the upcoming quarters. The company is also targeting expansion into international markets, particularly in Europe and North America, by the end of 2015, aiming to increase their global footprint in advanced materials.

## Funding rounds

- Series C, Aug 9, 2013, $1.3M — Oriental Fortune Capital, Junsan Capital, Sova Capital
- Series B, Mar 26, 2012, $0.8M — Oriental Fortune Capital, Junsan Capital, Sova Capital
- Series A, Aug 15, 2011, $31M — Oriental Fortune Capital, Junsan Capital, Sova Capital

## Investors

- Oriental Fortune Capital (https://capitalatlas.ai/funds/oriental-fortune-capital) — Series A, Series B, Series C
- Junsan Capital (https://capitalatlas.ai/funds/junsan-capital) — Series A, Series B, Series C
- Sova Capital (https://capitalatlas.ai/funds/sova-capital) — Series A, Series B, Series C