# Smart Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/smart-materials

- Industry: Materials
- Headquarters: Xi'an, China
- Total disclosed funding: $14M
- Latest round: Series B (Nov 7, 2023)
- Investors on record: 7

## About

Established in 2017 and based in Xi'an, China, Smart Materials is a flexible display sealing material company. The company is the first scientific and technological achievements' industrialization transfer project of Xi'an Jiaotong University settled in Xixian New Area. Relying on the scientific research team of Xi'an Jiaotong University, the company has developed flexible encapsulation adhesive with independent intellectual property rights. Chaoxin Wu, the founder and the general manager of the company, is the Professor of Xi'an Jiaotong University. In November 2023, Smart Materials raised approximately CNY 100 million in series B funding led by new investor TCL Capital, with participation from other new investors Winreal Investment, Xi'an Manareco New Materials Co., Ltd., Zanlu 2 Fund, Hainan Xuanyou Private Equity Fund Management, SinoKing Capital, and Yizhan Capital. In March 2025, Smart Materials raised CNY 50 million in Strategic investment from new investor Bridge Capital.
The company is engaged in the R&D and production of flexible organic light-emitting materials and sealing materials, and has a wide range of products including sealing materials, PI, optical adhesives and bonding adhesives. The main target customers of the company are Apple, Xiaomi and other cell phone brand owners who have OLED models.
The company generates revenue by doing research, development and sale of flexible sealing materials, organic light-emitting materials, structural materials and other related products.
The funding raised in March 2025 will mainly be used to expand production capacity and increase R&D investment, which will help Smart Materials further consolidate its leading position in the domestic flexible display packaging field, and further enrich its product range to meet the market demand for high-performance display materials.

## Funding rounds

- Series B, Nov 7, 2023, $14M — TCL Capital, Winreal Investment, SinoKing Capital, Xi'an Manareco New Materials Co., Ltd., Zanlu 2 Fund, Yizhan Capital, Hainan Xuanyou Private Equity Fund Management

## Investors

- TCL Capital (https://capitalatlas.ai/funds/tcl-capital) — Series B
- Winreal Investment (https://capitalatlas.ai/funds/winreal-investment) — Series B
- SinoKing Capital (https://capitalatlas.ai/funds/sinoking-capital) — Series B
- Xi'an Manareco New Materials Co., Ltd. — Series B
- Zanlu 2 Fund — Series B
- Yizhan Capital — Series B
- Hainan Xuanyou Private Equity Fund Management — Series B