# Shincell

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

- Industry: Materials
- Headquarters: Suzhou, China
- Website: www.shincell.com/
- Total disclosed funding: $28M
- Latest round: Series B (Sep 6, 2024)
- Investors on record: 8

## About

Established in 2019 and based in Suzhou, China, Suzhou Shincell New Material Co., Ltd., trading as Shincell, is an environmentally friendly and clean foaming material manufacturer that specializes in the research and development and manufacturing of supercritical physical microporous foaming materials. The company has 20 invention patents, including 1 PCT international patent. The founder, Dr. Xiulei Jiang, graduated from Zhejiang University and has more than 20 years of experience in clean foaming technology. The company first proposed the technical idea of ??industrializing polymer solid foaming and acquired the first prize of Shanghai Science and Technology Progress in 2020. It established cooperation with European Zotefoams company. In March 2026, Shincell raised over CNY 200 million in venture funding led by Huatai Zijin Investment, with participation from Suzhou Capital Group, SND Ventures Group, Oriza Prior, Addor Capital, Suzhou Chuangyuan Venture Capital Fund Management and other investors.

The company has developed a supercritical polymer microporous foaming technology platform and produced products including M-TPU foaming sheets, M-PEBAX foaming sheets, M-TPEE foaming sheets, M-PP foaming sheets, FR-MPP foaming sheets, as well as running shoe midsole foaming materials, new energy battery bottom guards and other products. The foaming materials have properties such as light weight, sound insulation, shock absorption, and pressure resistance. The products can be used in sports goods, new energy batteries, aerospace, shoe materials and other fields. The products serve Huawei, BYD, Adidas, Anta, and other customers, and the service scope covers overseas.

The company generates revenue by providing environmentally friendly clean foam material products.

The company will use the latest funding for the company's R&D investment, capacity expansion, and overseas business development.

## Funding rounds

- Series B, Sep 6, 2024, $28M — Addor Capital, Soochow Venture Investment, Oriza Prior, Qitai Capital, Minyin International Investment, Zhidao Capital, Suzhou Chuangyuan Venture Capital Fund Management, Cohesion Venture

## Investors

- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series B
- Soochow Venture Investment (https://capitalatlas.ai/funds/soochow-venture-investment) — Series B
- Oriza Prior (https://capitalatlas.ai/funds/oriza-prior) — Series B
- Qitai Capital (https://capitalatlas.ai/funds/qitai-capital) — Series B
- Minyin International Investment — Series B
- Zhidao Capital (https://capitalatlas.ai/funds/zhidao-capital) — Series B
- Suzhou Chuangyuan Venture Capital Fund Management — Series B
- Cohesion Venture (https://capitalatlas.ai/funds/cohesion-venture) — Series B