# Hyproof

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

- Industry: Materials
- Headquarters: Shanghai, China
- Website: www.hyproof.cn
- Latest round: Series B (Aug 30, 2024)
- Investors on record: 2

## About

Founded in 2016 and based in Shanghai, China, Hyproof operates as a material company that focuses on the production and sales of fluorine-containing film material and related products. The company has nearly 40 invention patents and utility model patents. Huisheng Wu, the chairman of the company, has working experience in material research and development for decades. Ying Yang, the general manager of the company, is also the executive director of Shanghai Hanyun New Energy Technology. In December 2023, the company launched the AEM ion exchange membrane. In August 2024, Hyproof raised over CNY 100 million in sereis B funding co-led by GL Ventures and Fortescue Future Industries.

Hyproof's main business is the research, development, production, and sales of fluorine-containing film material and related products. Its products include perfluorosulfonic acid resin raw materials, water electrolysis proton exchange membrane, AEM anion exchange membrane, etc. Products can be used in new energy battery, energy saving and environmental protection, aviation and navigation, medical, and other fields.

The company generates revenue by selling fluorine-containing film material and related products.

The company will use the series B funding to deploy a 1,000-ton perfluorosulfonic acid resin production line and establish an anion exchange resin (AEM) production line.

## Funding rounds

- Series B, Aug 30, 2024 — GL Ventures, Fortescue Future Industries

## Investors

- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series B
- Fortescue Future Industries — Series B