# NovoShine

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

- Industry: Semiconductors
- Headquarters: Weifang, China
- Website: www.novoshine.com
- Total disclosed funding: $30M
- Latest round: Series C (May 24, 2022)
- Investors on record: 5

## About

Based in Shandong, China, and established in 2014, NovoShine is a semiconductor company that focuses on R&D, manufacturing, and sales of optoelectronics chips. The company has multiple subsidiaries in Weifang, Wuxi, Shenzhen, and Beijing. Moreover, the company has multiple R&D centers, such as Tsinghua University Nanophotonics Wuxi Institute of Applied Science and Technology R&D Center, Optoelectronic Materials and Device Engineering Technology R&D Center, and Photoelectric Technology Joint Laboratory. Furthermore, the company has established with cooperation with LED extend chips manufacturers, such as BolB, Xiamen Changelight Co., Ltd., Hc Semitek Corporation,  and Fujian Zhaoyuan Photoelectric Co., Ltd. The company's founding team is from The State Key Laboratory of Integrated Optoelectronics of Tsinghua University that the earliest semiconductor expert team engaged in the research of third-generation semiconductor materials and devices in China. 

The company provides Light-Emitting Diode (LED) chips, based on the technology of Patterned Sapphire Substrate (PSS). The LED chips have the advantages of good uniformity, fewer surface defects, and low cost.  The LED chips can be used in the fields of gallium nitride UV killing chip module, gaN semiconductor integrated display chip module, and transdermal drug delivery biochip.

The company will use the Series C funding to R&D Micro LED integrated circuits, to introduce talents, and to expand its market share.

## Funding rounds

- Series C, May 24, 2022, $15M — THG Ventures, Shandong Hi-Tech Innovation Construction Investment Group, Weifang Urbanization Construction Investment Management Co., Ltd.
- Series B, Sep 14, 2018, $15M — Lotus Lake Capital, THG Ventures, Shixi Yitang Huachuang Capital

## Investors

- Lotus Lake Capital (https://capitalatlas.ai/funds/lotus-lake-capital) — Series B
- THG Ventures (https://capitalatlas.ai/funds/thg-ventures) — Series B, Series C
- Shixi Yitang Huachuang Capital (https://capitalatlas.ai/funds/shixi-yitang-huachuang-capital) — Series B
- Shandong Hi-Tech Innovation Construction Investment Group — Series C
- Weifang Urbanization Construction Investment Management Co., Ltd. — Series C