logo
logo

Chinese Materials Tech Firm Vtfm Raises Over $188M In Series A Round

Jan 10, 2022•over 3 years ago

Amount Raised

$188 Million

Round Type

series a

Description

Vital Thin Film Materials Co Ltd (VTFM), a Chinese developer of materials used in areas such as electronic display and semiconductor, has raised over 1.2 billion yuan ($188.3 million) in a Series A round of financing.

Company Information

Company

Vtfm

About

The new financing will help the firm further scale up its market share and up its stake in product R&D, including continued investment in sputtering targets used in semiconductor, solar power products, and solid oxide fuel cells, according to a statement on January 9. Following the establishment of its parent in 1995, VTFM started in 2014 as a joint venture between Vital Materials and Belgian materials tech firm Umicore to produce indium tin oxide (ITO) – a coating material composed of indium, tin, and oxygen with different proportions – for the Chinese market. As of now, VTFM has nearly 1,000 employees and four manufacturing sites in China’s Guangdong and Anhui provinces, South Korea, and Singapore.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech