# Vulcan

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

- Industry: Materials
- Headquarters: Hangzhou, China
- Website: www.vulcanhz.com
- Total disclosed funding: $49M
- Latest round: Series D (Jul 8, 2022)
- Investors on record: 17

## About

Established in 2017 and based in Hangzhou, China, Vulcan is a material company focusing on the research and development, and production of high-temperature thermal field materials. It has established industrial bases in Zhuji, Huzhou, and Pingliang. As for the team, it has 5 doctors and 10 masters. Meanwhile, the company has reached a strategic partnership with Zhejiang University, Shanghai Jiaotong University, Donghua University, etc. In 2018, Vulcan entered the field of compound semiconductors. In 2022, its Hangzhou plant was expanded. In August 2023, Vulcan raised strategic investment funding from new investors Chongqing Yufu Investment, Gansu Provincial State-Owned Asset Investment Group, Hongfu Investment, etc.

The company's products can be classified by material into high-purity graphite materials, carbon fiber hot field materials, C/C composite, carbon fiber structural materials, and Nano-membrane synthetic materials, etc. The products are mainly used in the field of large silicon wafers, Sic long crystal, long crystal furnace equipment manufacturing, etc.

## Funding rounds

- Series D, Jul 8, 2022, $19M — China International Capital Corporation, Harvest Capital, Zheshang Venture Capital, Zheke Investment Management, Hefei State-Owned Assets Holding, Houhe Capital, Huzhou Wuxing Industry Investment Development Group, Shanghai Nuoyi Investment Management
- Series C, Dec 16, 2021, $30M — China International Capital Corporation, Heda Venture, Fuzhe Capital, Kunxin Investment Management
- Series C, May 27, 2021 — ZJVC Venture Capital, Yinxinggu Capital, Jinju Capital, Hongshen Capital
- Series A, Oct 22, 2019 — YZC Asset Management, Jiangsu Wenfeng Group

## Investors

- YZC Asset Management (https://capitalatlas.ai/funds/yzc-asset-management) — Series A
- Jiangsu Wenfeng Group — Series A
- ZJVC Venture Capital (https://capitalatlas.ai/funds/zjvc-venture-capital) — Series C
- Yinxinggu Capital (https://capitalatlas.ai/funds/yinxinggu-capital) — Series C
- Jinju Capital — Series C
- Hongshen Capital (https://capitalatlas.ai/funds/hongshen-capital) — Series C
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series C, Series D
- Heda Venture (https://capitalatlas.ai/funds/heda-venture) — Series C
- Fuzhe Capital (https://capitalatlas.ai/funds/fuzhe-capital) — Series C
- Kunxin Investment Management (https://capitalatlas.ai/funds/kunxin-investment-management) — Series C
- Harvest Capital — Series D
- Zheshang Venture Capital (https://capitalatlas.ai/funds/zheshang-venture-capital) — Series D
- Zheke Investment Management (https://capitalatlas.ai/funds/zheke-investment-management) — Series D
- Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series D
- Houhe Capital — Series D
- Huzhou Wuxing Industry Investment Development Group — Series D
- Shanghai Nuoyi Investment Management — Series D