WeNext Technology Co., Ltd, a manufacturing industry-focused supply chain service platform, has secured over 100 million yuan ($15 million) in its Series A round jointly led by Chinese automobile manufacturer NIO’s PE arm NIO Capital and return backer CAS Investment Management, per a company statement on Monday.
CAS Investment Management, Avic United Innovation Technology and Ningbo Daxie Pengchuang Investment had made an undisclosed investment in WeNext in December 2020.
Index Capital served as the exclusive financial advisor for the latest deal.
WeNext’s offerings cover 3D printing, CNC machining, injection molding and vacuum casting.
WeNext Technology claims to have served over 150,000 enterprises, delivering about 20 million components annually.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region on January 20-25, 2021.
