# Summer Sprout

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/summer-sprout

- Industry: Materials
- Headquarters: Beijing, China
- Website: www.summersprout.com
- Total disclosed funding: $80M
- Latest round: Series D (Aug 27, 2023)
- Investors on record: 16

## About

Established in 2017 and based in Beijing, China, Summer Sprout is an OLED material and technology developer that focuses on the production and sales of OLED organic light-emitting materials. The team members come from Tsinghua University, Zhejiang University, Peking University and other universities. The company has a production center in Taizhou and has acquired 580 invention patents. It has been rated as a Beijing Specialized, Refined, Featured and Original SMEs and a National High-tech Enterprise. In March 2025, it closed a venture funding from returning investor Addor Capital.

The company is mainly engaged in the research and development, production and sales of a full range of OLED new materials. Products include conductive doped materials, red light doped materials, red light main materials, green light doped materials, etc. It also provides OLED material optimization, matching and customization services. Its products and services can be used in smart phones, computers, TVs, wearable devices, car displays and other scenes.

The company generates revenue by providing OLED organic light-emitting materials and related services.

## Funding rounds

- Series D, Aug 27, 2023, $16M — Singularity Power Capital, Zhongguancun Development Venture, Tianjin Xianzhi Chain Investment Center (Limited Partnership)
- Series D, Nov 10, 2021, $47M — Fortman Fund, Addor Capital, Juffett Capital, PASCI Fund Wuhan Management, Bestone Private Equity Fund Management, Ningbo Daxielpeng Equity Investment Partnership(Limited Partnership), Wuhu Zaxi Baba Investment Management, Hefei Xingtai Venture Capital Management, Wuxi Runyu Private Equity Fund Management
- Series C, Aug 20, 2021, $17M — TCL Capital, Guoke Dongfang (Shanghai) Private Equity Fund Management, Ningbo Shengze Enterprise Management
- Series B, Nov 1, 2018 — Fortman Fund, Lotus Lake Capital

## Investors

- Fortman Fund (https://capitalatlas.ai/funds/fortman-fund) — Series B, Series D
- Lotus Lake Capital (https://capitalatlas.ai/funds/lotus-lake-capital) — Series B
- TCL Capital (https://capitalatlas.ai/funds/tcl-capital) — Series C
- Guoke Dongfang (Shanghai) Private Equity Fund Management (https://capitalatlas.ai/funds/guoke-dongfang-shanghai-private-equity-fund-management) — Series C
- Ningbo Shengze Enterprise Management — Series C
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series D
- Juffett Capital (https://capitalatlas.ai/funds/juffett-capital) — Series D
- PASCI Fund Wuhan Management (https://capitalatlas.ai/funds/pasci-fund-wuhan-management) — Series D
- Bestone Private Equity Fund Management — Series D
- Ningbo Daxielpeng Equity Investment Partnership(Limited Partnership) — Series D
- Wuhu Zaxi Baba Investment Management — Series D
- Hefei Xingtai Venture Capital Management — Series D
- Wuxi Runyu Private Equity Fund Management — Series D
- Singularity Power Capital — Series D
- Zhongguancun Development Venture (https://capitalatlas.ai/funds/zhongguancun-development-venture) — Series D
- Tianjin Xianzhi Chain Investment Center (Limited Partnership) — Series D