# Jiangsu Kingwills Advanced Materials Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jiangsu-kingwills-advanced-materials-co

- Industry: Materials
- Headquarters: Shanghai, China
- Website: www.king-wills.com
- Total disclosed funding: $29M
- Latest round: Series C (Feb 11, 2026)
- Investors on record: 14

## About

Based in Shanghai, China and founded in 2021, Jiangsu Kingwills Advanced Materials Co., Ltd. operates as a material science and technology innovation enterprise that focuses on the development, production and sales of flash-spun materials. The company's founder, Chen Boyi, was the chairman of the board of Zhongfu Energy Technology Group. Its core team members graduated from Harvard University, Max Planck Institute for Experimental Research, Tsinghua University, Peking University and Zhejiang University. In 2019, the company launched Hypak, its brand for waterproof breathable material.

In February 2026, Jiangsu Kingwills Advanced Materials Co., Ltd. raised closed series C+ funding co-led by new investors Zhonghua Jianxin Investment Management and Guoxin Guotong Capital.

Jiangsu Kingwills Advanced Materials Co., Ltd. core offering is flash-spun material, a high-performance material in the form of nonwoven fabric with waterproof, breathable and antibacterial properties consisting of 100% high-density polyethylene (HDPE) crafted using advanced flash-spinning technology. The products offered by the company can be used in construction, packaging, printing, medical, protection, and other fields.

The company's revenue comes from supplying flash-spun materials and other material products to companies operating in the construction, packaging, printing, medical, protective and other fields.

The company will use the series C+ funding to accelerate its technological iteration, innovation, and upgrading in the field of flash-spun materials.

## Funding rounds

- Series C, Feb 11, 2026 — China Reform Holdings, Guoxin Guotong Capital, Zhonghua Jianxin Investment Management
- Series C, Sep 17, 2025 — Yuanhe Puhua Suzhou Management
- Series B, May 18, 2023, $14M — GP Capital, Oriza Holdings, CNBM Investment, TH Capital, Shaanxi Coal and Chemical Industry Group, GL Ventures, Beijing Oriental Yuhong Waterproof Technology Co.,Ltd.
- Series A, Jun 14, 2022, $15M — China International Capital Corporation, Asia Green Fund, GL Ventures, Beijing Oriental Yuhong Waterproof Technology Co.,Ltd., Zhongxin Environment Industry Fund Management

## Investors

- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A
- Asia Green Fund (https://capitalatlas.ai/funds/asia-green-fund) — Series A
- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series A, Series B
- Beijing Oriental Yuhong Waterproof Technology Co.,Ltd. — Series A, Series B
- Zhongxin Environment Industry Fund Management — Series A
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series B
- Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Series B
- CNBM Investment — Series B
- TH Capital (https://capitalatlas.ai/funds/th-capital) — Series B
- Shaanxi Coal and Chemical Industry Group — Series B
- Yuanhe Puhua Suzhou Management (https://capitalatlas.ai/funds/yuanhe-puhua-suzhou-management) — Series C
- China Reform Holdings (https://capitalatlas.ai/funds/china-reform-holdings) — Series C
- Guoxin Guotong Capital — Series C
- Zhonghua Jianxin Investment Management (https://capitalatlas.ai/funds/zhonghua-jianxin-investment-management) — Series C