# Zhongrong Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zhongrong-tech

- Industry: Chemicals
- Headquarters: Fuzhou, China
- Website: www.zajt.cn
- Latest round: Series B (May 12, 2023)
- Investors on record: 4

## About

Established in 2015 and based in Fuzhou, China, Zhongrong Tech is a chemical company that focuses on the development and production of wet electronics chemicals. The company is headquartered in Fuzhou and has factories in Xiaogan, Meishan and Chongqing. It has partnerships with BOE, Huajia Color, Tianma Microelectronics, Sanan Semiconductor, and Zhaoyuan Optoelectronic. In May 2023, it raised series B funding from new investors CMB International Capital Management, Fuzhou Financial Holding Group and iHaier.

The company's self-developed products include stripper, etchant, thinner, NMP (N-Methyl-2-Pyrrolidone). Its products are used in panels, semiconductors, photovoltaics, new energy and other fields of wet electronic chemicals.

## Funding rounds

- Series B, May 12, 2023 — CMB International Asset Management, HCH Capital, Fuzhou Financial Holding Group
- Series A, Mar 18, 2021 — CDH Baifu Capital

## Investors

- CDH Baifu Capital (https://capitalatlas.ai/funds/cdh-baifu-capital) — Series A
- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Series B
- HCH Capital (https://capitalatlas.ai/funds/hch-capital) — Series B
- Fuzhou Financial Holding Group — Series B