# HPY Sorting

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hpy-sorting

- Industry: Industrial Machinery
- Headquarters: Ganzhou, China
- Website: www.gzhpy.com
- Total disclosed funding: $33M
- Latest round: Series B (Sep 6, 2022)
- Investors on record: 4

## About

Established in 2015 and based in Ganzhou, China, Ganzhou Good Friend Technology Co., Ltd., trading as HPY Sorting, is an industrial equipment company that engages in the design, development, manufacturing, and sales of ore sorting equipment. It has set up an R&D center in Shenzhen. In 2019, the intelligent ore dressing machine sold a total of 100 units. As of 2023, the company has over 300 employees. In November 2025, HPY Sorting raised CNY 100 million in strategic investment from returning investor Plum Ventures.
 
The company's main products are intelligent ore sorting equipment, which uses X-ray projection imaging technology and artificial intelligence algorithms to automatically sort coal, metallic minerals, and non-metallic minerals. The ore sorting equipment has been used in multiple types of mines, such as tungsten ore, copper ore, gold ore, and phosphate ore. The clients include Nonfemet, Hengyu Mining, etc.
 
The company generates revenue by developing and providing ore sorting equipment and other related products.
 
The strategic investment raised in November 2025 will be mainly used to accelerate the large-scale application and iterative upgrade of its world's first and disruptive "photon technology" in the field of mineral processing.

## Funding rounds

- Series B, Sep 6, 2022, $14M — GSR United Capital
- Series B, May 14, 2021, $19M — Plum Ventures
- Series A, Apr 12, 2021 — Plum Ventures
- Series A, Jul 21, 2020 — Benefit Capital
- Angel, Mar 12, 2018 — Ganzhou Development Investment Fund Management

## Investors

- Ganzhou Development Investment Fund Management (https://capitalatlas.ai/funds/ganzhou-development-investment-fund-management) — Angel
- Benefit Capital (https://capitalatlas.ai/funds/benefit-capital) — Series A
- Plum Ventures (https://capitalatlas.ai/funds/plum-ventures) — Series A, Series B
- GSR United Capital (https://capitalatlas.ai/funds/gsr-united-capital) — Series B