# TOPNC

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

- Industry: Industrial Machinery
- Headquarters: Shanghai, China
- Website: www.topnc.com.cn
- Total disclosed funding: $77M
- Latest round: Series D (Jul 14, 2022)
- Investors on record: 7

## About

Based in Shanghai, China and founded in 2007, Shanghai Top Numerical Control Technology Co., Ltd., trading as TOPNC,  is a smart manufacturing solutions provider that focuses on providing smart manufacturing solutions such as five-axis CNC machine tools, intelligent assembly equipment, and intelligent production lines for the aerospace industry. In May 2026, TOPNC raised HKD 1.72 billion in an IPO, selling 65.33 million shares at HKD 26.39 apiece on the Hong Kong Exchanges and Clearing (HKEX) under the ticker "7688".

The company provides intelligent manufacturing equipment and process solutions for aerospace companies. The product of the company includes five-axis linkage CNC machine tools, aerospace intelligent equipment and intelligent production line, such as five-axis linkage vertical gantry machine tool, horizontal gantry machine and vertical five-axis machining center. The company has 41 invention patents, 29 utility model patents and 63 computer software copyrights.

The company generates revenue by providing smart manufacturing solutions and other related products.

According to the plan, TopNC intends to allocate 61.8% of the net proceeds of the IPO to R&D to strengthen its core technology barriers; approximately 10.3% to expand its sales and marketing network; approximately 12.1% to potential acquisitions and investments; approximately 6.0% to repay part of the Group's interest-bearing bank borrowings; and approximately 9.9% to working capital and general corporate purposes.

## Funding rounds

- Series D, Jul 14, 2022 — Legend Capital, Juffett Capital, FC Innovation Venture Fund
- Series C, Aug 20, 2021, $77M — CDH Investments, Lingang Songjiang Venture
- Series B, Jan 1, 2019 — Juffett Capital
- Series A, Nov 2, 2015 — Harmony Capital
- Angel, Mar 1, 2011 — Unity Asset Management

## Investors

- Unity Asset Management (https://capitalatlas.ai/funds/unity-asset-management) — Angel
- Harmony Capital — Series A
- Juffett Capital (https://capitalatlas.ai/funds/juffett-capital) — Series B, Series D
- CDH Investments (https://capitalatlas.ai/funds/cdh-investments) — Series C
- Lingang Songjiang Venture — Series C
- Legend Capital — Series D
- FC Innovation Venture Fund (https://capitalatlas.ai/funds/fc-innovation-venture-fund) — Series D