China Materialia Fund II welcomes Henkel Venture as a new Limited Partner

The Corporate Venture Capital unit of Henkel – Henkel Ventures – further globalizes its activities by investing into the second investment fund of China Materialia LLC (China Materialia), Shanghai. The investment will enable the company’s Adhesive Technologies business unit to access the growing scene of advanced materials start-ups in China and adjacent Asian markets.

“China is an important market for our Adhesive Technologies business and has become a hotspot for material-science focused start-ups over the past years,” explained Paolo Bavaj, Head of Corporate Venturing, Henkel Adhesive Technologies. “China Materialia provides a proven expertise in gaining access and insights into the local ecosystem. The investment is aligned with our defined search fields for advanced materials and will further drive our corporate venture capital approach by expanding the footprint into key regions.”

“We are delighted to welcome Henkel to China Materialia Fund II. Henkel Venture’s search fields of 3D printing, printed electronics, batteries, functional coatings, smart building materials, smart packaging, IOT and digitization are very well aligned with China Materialia Fund’s focus”. China Materialia Managing Partner Dr. Min Zhou commented: “We are proud to have Henkel, GE, Samsung, BASF, SABIC and BAT in China Materialia Fund II, these prominent leaders in materials and advanced manufacturing technologies bring global footprint, strong brands, technology expertise, markets and channels to partner with start-ups in our Portfolio.”

About Henkel
Henkel operates globally with a well-balanced and diversified portfolio. The company holds leading positions with its three business units in both industrial and consumer businesses thanks to strong brands, innovations and technologies. Henkel Adhesive Technologies is the global leader in the adhesives market – across all industry segments worldwide. In its Laundry & Home Care and Beauty Care businesses, Henkel holds leading positions in many markets and categories around the world. Founded in 1876, Henkel looks back on more than 140 years of success. In 2017, Henkel reported sales of 20 billion euros and adjusted operating profit of around 3.5 billion euros. Combined sales of the respective top brands of the three business units – Loctite, Schwarzkopf and Persil – amounted to 6.4 billion euros. Henkel employs more than 53,000 people globally – a passionate and highly diverse team, united by a strong company culture, a common purpose to create sustainable value, and shared values. As a recognized leader in sustainability, Henkel holds top positions in many international indices and rankings. Henkel’s preferred shares are listed in the German stock index DAX. For more information, please visit www.henkel.com.

Read More

China Materialia Venture Capital Fund II invests in Cambridge Touch Technologies Ltd.

31st May 2018 – Cambridge UK – Cambridge Touch Technologies Limited (“CTT”, “The Company”) – a leading developer of AI-driven, 3D multi-touch sensing technologies for smart devices – is pleased to announce the completion of a $5.5m Series A1 round of investment. Existing investors – Parkwalk Advisors, Cambridge Enterprise and Amadeus Capital Partners – participated in the round, and were joined by new investors China Materialia of Shanghai and Downing Ventures of London. Ascendant Corporate Finance provided advice to CTT on the fund raising.

The Company’s technology uses the world’s simplest architecture to deliver an all-screen, multi-finger 3D touch solution that can scale to all device sizes at a fraction of the cost of existing approaches. CTT technology sits above or on the display due to its high transparency, not underneath as with current opaque approaches. It is fully compatible with OLED and LCD conventional or bezel-less ‘infinity’ screens, including flat, curved and newly emerging foldable and flexible devices.

Due to sophisticated software algorithms and artificial intelligence, CTT’s next-generation solution is the world’s simplest 3D Touch architecture, employing just a single, piezoelectric based sensor for combined force and capacitive location sensing. First-generation competitor solutions require separate sensors, and are more complex to manufacture.

CTT was spun out of the University of Cambridge in 2011 to commercialise next-generation 3D multi-touch technology for smart devices such as smartphones, tablets, automotive and industrial applications. 3D Touch is an enhanced user interface which is now being deployed by all leading mobile and smart device makers.

CTT has attracted strong market interest, and is engaged with leading OEMs, touch and display panel manufacturers, touch controller IC makers and auto component suppliers for mass adoption of its technology in the near future.

Corbin Church, CEO at CTT, said: “We’re delighted to welcome China Materialia and Downing Ventures, both highly-respected funds, who join our existing investors in backing the rapid growth of the business. In particular, we are pleased that the progress we have made in key elements of the technology, and with major customers in Asia, has allowed us to attract investment from that region, which is highly strategic for our commercialization plans and roll-out. The company has a number of opportunities to exploit with its technology, IP and first-class team, and this new funding will allow us to accelerate business, product and market development over the next 18 months. We look forward to continuing to work with our customers and partners towards mass production, which is expected in the near future.”

Moray Wright, co-founder of Parkwalk, said: “We are delighted to have led this funding round. CTT’s disruptive technology and processing solutions could revolutionise the touch screen market. We welcome China Materialia and Downing as new investors and look forward to taking this technology forward to commercialisation.”

Amelia Armour, Principal, Amadeus Capital Partners, commented: “CTT is another great Cambridge university spin-out we are pleased to be backing. As we expected when investing at seed stage, the market for 3D touch screens has grown rapidly. CTT is now perfectly positioned to commercialise its unique touch technology.”

Dr. Patrick Berbon, Managing Partner of China Materialia, said: “We are excited to invest in CTT and join its Board of Directors. We are attracted by the simplicity and elegance of CTT’s solution for 3D Touch sensors in smart devices. We feel that CTT’s AI-based signal processing algorithms and specialized Piezoelectric Force Films, could enable a simple low-cost sensor architecture that delivers superior functionality, and scales to all device sizes, shapes and, flexible and foldable forms, and open up exciting new applications on these devices. We look forward to supporting the company’s growth.”

Richard Lewis, Investment Director at Downing Ventures, said: “We are delighted to be working with CTT and supporting the commercialization of their truly innovative 3D Touch platform. The high quality CTT team has developed a low-cost architecture that has the potential to disrupt the global touch screen market. We also look forward to working with an experienced group of investors to help the company to achieve its growth ambitions.”

________________________________________

About Cambridge Touch Technologies
Cambridge Touch Technologies (CTT) was spun out from the University of Cambridge, the world-leading engineering and research centre. It has a growing IP portfolio covering all aspects of 3D Multi-Touch technologies, from system architectures to advanced signal processing and low power operation.
CTT supports its OEM and supply chain customers with IP, know-how, analogue and digital technologies, and advanced system architectures.
Read more at: www.camtouch3d.com

About Parkwalk
Parkwalk invests in high growth, knowledge intensive companies seeking to develop and commercialise technology and innovation originating from UK universities, research intensive institutions and technology clusters. Founded in 2009, Parkwalk is the largest EIS growth fund manager focused on university spin-outs, having raised over £180m to date and backed over 80 companies across its managed funds since inception.
www.parkwalkadvisors.com or @ParkwalkAdvisor

About China Materialia Venture Capital
Founded in 2010 in Shanghai, China Materialia Venture Capital is focused on investing in promising start-ups with proprietary technologies in New Materials, Advanced Manufacturing and Digital Industrial. China Materialia Venture Capital Fund is backed by prominent multinational companies in materials and manufacturing, that include GE, Samsung, BASF, SABIC, BAT and Henkel. China Materialia and its corporate backers help its portfolio companies to form strategic partnerships and to grow in the China market.

Home

About Downing Ventures
Downing Ventures—a division of Downing LLP—is an evergreen fund that in invests in Seed to Series A startups. Downing Ventures supports a variety of technology sectors, including enterprise and consumer software, deep tech, and life sciences. The fund has a portfolio of over 40 growing companies, and works alongside a number of investment partners and accelerator programmes and incubators, including the London Co-Investment Fund.
www.downingventures.com

About Cambridge Enterprise
A wholly owned subsidiary of the University of Cambridge, Cambridge Enterprise Limited is responsible for the commercialisation of University intellectual property. It provides access to early stage capital through the Cambridge Enterprise Seed Funds, University of Cambridge Enterprise Funds and Cambridge Enterprise Venture Partners, and offers business planning, mentoring and related programmes. Activities include management and licensing of intellectual property and patents, proof of concept funding and support for University staff and research groups wishing to provide expert advice or facilities to public and private sector organisations. For more information, please visit: www.enterprise.cam.ac.uk

About Amadeus Capital Partners
Amadeus Capital Partners is a global technology investor. Since 1997, the firm has backed more than 130 companies and raised over $1bn for investment. With vast experience and a great network, Amadeus Capital’s team of investors and entrepreneurs share a passion for the transformative power of technology. We invest in consumer services, financial technology, artificial intelligence, cyber security, medical technology, digital health and digital media.

Early stage investments we’ve made include genomic research data collaboration platform Repositive, massively parallel simulation platform Improbable.io, Graphcore, innovators in intelligent microprocessors, and speech recognition company VocalIQ. To learn more visit https://amadeuscapital.com or follow us at @AmadeusCapital.

Read More

China Materialia invests in Global Power Technologies, a leader in SiC power electronics

China Materialia Fund II has completed investment in Global Power Technologies (GPT), a Beijing-based high-tech company in SiC power electronics. GPT is a pioneer of third-generation semiconductor technologies in China, and is the first to establish commercial production line of SiC IC. Since establishment five years ago, GPT has grown its sales steadily as more and more customers adopted its products.

Dr. Min Zhou, founding partner of China Materialia, commented: “We believe SiC semiconductor industry will experience fast growth as downstream applications in EV, solar inverter, aviation electronics and other industries take off, and China is the most important market for those applications. Global Power Technologies is an established leader in the industry with early-mover advantage. GPT has good reputation in the market, and the team is driven, dedicated and professional. GE and Samsung are two of the Limited Partners of the China Materialia Fund, and both have technical expertise as well as products with SiC IC. We hope that besides financial investment, we can help GPT to upgrade its technology, product and market reach, and help GPT to grow into the leading company in the industry”.

Tong Chen, Chairman and CEO of Global Power Technologies, commented: “We are delighted and honored to have China Materialia investing in our company. The China Materialia team is very professional. China Materialia Fund’s corporate strategic LPs can add a lot of value in strategy, marketing and IP to GPT. General Electric, as a global technology leader in Si-based IGBT and SiC MOSFET, has deep expertise in power electronics, while Samsung is a heavyweight in OLED and shipbuilding, two of the big markets for SiC power IC. With China Materialia’s investment, Global Power Technologies will be able to serve its customers better, and we hope to leap to the next level of growth with the help of China Materialia and its LPs.”

Dr. Min Zhou has joined the Board of Directors of Global Power Technologies

Read More

China Materialia Fund II closes at Cap of 400 million RMB

British American Tobacco (BAT), BASF and Lingang Group have joined China Materialia Venture Capital Fund II in its second and final closing. With the new closing, China Materialia Venture Capital Fund II has reached its fund cap of 400 million RMB.

BAT, BAST, together with first-closing investors, GE, Samsung and SABIC are the five corporate strategic investors in the materials- and digital manufacturing-focused China Materialia Venture Capital Fund II.

“We are absolutely delighted to have five great corporate strategic investors joining China Materialia Fund II”, China Materialia CEO Dr. Min Zhou commented: “Partnership with these corporates can bring tremendous value to our portfolio companies and accelerate their path to commercial scale and global market. In the meantime, government investors like Lingang Group add value to our portfolio companies thorough policy support. It is a public-private partnership to build innovative high-tech companies in hard technologies including new materials and digitial manufacturing”

Read More

Betting on 3D printing industry, China Materialia Fund II invests in Prismlab

Co-founded by Mr. Feng Hou and Zhige Yang in 2005, Prismlab China Ltd. traditionally made color printing machine equipment. Since 2013, applying its rich experience in photosensitive material and volume production techniques, Prismlab ventured into 3D printing space and developed proprietary micro matrix scanning technology for photosensitive resins. Prismlab supplies RP series of 3D printers and a range of accompanying photosensitive materials.

Prismlab printers print at 5~10 times the speed of traditional stereolithographic printers, while achieving high resolution over large print area of 600 mm. Prismlab’s micro matrix scanning technology is covered by a suite of domestic and global intellectual property. Prismlab’s products won many prestigious awards such as Taiwan’s “Golden Pin Design Award” and the “iF Product Design Award”.

China Materialia will join Prismlab’s Board of Directors. Dr. Min Zhou, Managing Partner of China Materialia points out: “3D printing is an emerging industry, with many new equipment and material innovations. As printing speed improves and selection of material broadens, 3D printing is expanding from its initial prototyping application, to production of high value products, and on-time supply of components in various industries. Prismlab’s equipment + material + service model represents a future trend in the industry. China Materialia Fund II will continue to explore and invest in innovative technologies and business models in 3D printing”.

Read More

ZipLine® Medical Receives India Regulatory Approval for Non-Invasive Zip® Skin Closure System

ZipLine® Medical, Inc., an innovator in skin closure, today announced Central Drugs Standard Control Organization (CDSCO) approval of its Zip® Surgical Skin Closure device in India. This clearance will give the company access to the $3.5 billion medical device market in India, including growing specialties where the Zip has shown significant clinical and economic benefits, such as total joint replacement in orthopedics, and Cesarean-section and hysterectomy in obstetrics and gynecology. The Zip is a non-invasive and easy to use skin closure device that replaces sutures, staples and glue for surgical incisions and lacerations. Clinical studies have demonstrated significant time savings and less procedure variability that can decrease hospital costs and improve efficiencies. Studies have also demonstrated fewer wound complications, and the comfortable and simple removal can reduce post-discharge home health and clinic visits that affect overall healthcare cost in a bundled care environment. A patented force distribution design results in secure wound closure, excellent scar quality and high patient satisfaction. The Zip’s micro-adjustability and reversibility provide surgeons with precise control during closure, and care teams with security that they can adjust closure post-surgery, if needed. Unlike staples or sutures, there are no skin punctures with the Zip that can create pathways for bacteria. The Zip’s benefits have been demonstrated in clinical studies in orthopedic total-joint arthroplasty, foot and ankle surgery, pediatric cardiothoracic surgery, electrophysiology and dermatology. In addition, clinical study results from the University of Florida demonstrated an 18 percentage point higher tissue perfusion rate versus baseline with the Zip compared to staples (p<0.001) after closure for total ankle replacement procedures. The results were presented in a poster at the American College of Foot and Ankle Surgeons (ACFAS) conference in Las Vegas in March. Jason Piraino, DPM, MS, FACFAS, who presented the results, commented, “Maintaining adequate perfusion is one of the most important factors in ensuring wound healing. High perfusion correlates to fewer complications, such as dehiscence and infection. The Zip demonstrated a significant perfusion advantage over staples in our study.”

Read More

Zipline® Medical Receives CFDA Approval For Non-invasive Zip® Skin Closure System

ZipLine® Medical, Inc., an innovator in skin closure, today announced China Food and Drug Administration (CFDA) approval and commercial availability of its Zip® Surgical Skin Closure device in the region. This clearance will give the company access to the $543 million Chinese wound closure device market serving over 40 million procedures, including growing specialties where the Zip has shown significant benefit, such as orthopedics for total joint placement and obstetrics for Cesarean-section and hysterectomy procedures. ZipLine Medical recently featured the Zip at the prestigious 11th International Congress of the Chinese Orthopaedic Association, held in Beijing. The Zip is a non-invasive, efficient and easy to use wound closure device that replaces traditional sutures, staples and glue for surgical incisions and lacerations. It results in a comfortable, secure wound and the device’s unique force distribution system results in high patient comfort and excellent scar quality. The Zip’s micro-adjustability and eversibility provide surgeons with precise control and flexibility during closure. Because application and removal are simple, clinicians can delegate the closure task and, at the clinician’s discretion, patients may remove the Zip at home. Unlike staples or sutures, there are no skin punctures with the Zip, so scarring is minimal and there are no added pathways for bacteria to enter. The Zip’s benefits have been demonstrated in clinical studies in orthopedic total-joint arthroplasty, cardiothoracic surgery, electrophysiology and dermatology. “The non-invasive Zip closure is ideally suited for the healthcare market in China, in light of its large and growing procedure volume, need for cost-effective and efficient solutions, and appreciation of aesthetics,” said ZipLine Medical’s President and Chief Executive Officer John Tighe. “We look forward to working with our team of distribution partners across China to bring the speed, safety, comfort and convenience of Zip to Chinese patients.”

Read More

GE, Samsung, SABIC Venture join China Materialia Fund II

Shanghai based venture capital firm China Materialia has launched a second venture capital fund China Materialia Fund II, with GE Ventures as the lead Limited Partner. Other corporate limited partners participating in the first closing include Samsung Ventures, SABIC Ventures,Chinese companies Levson and Tianjing Runfeng.

In a country where internet, mobile internet and consumer services have been the center-of-attention for venture capitalists, China Materialia stands out with its focus on “hard technologies”that encompass new materials, advanced manufacturing, energy and environment.Founded in 2010, China Materialia raised its first fund of 160 million RMB in2011, with a mission to look for “world-class” technologies that enable compelling solutions to world’s pressing problems. The China Materialia Fund I funded 10 companies, ranging from medical devices, Industrial internet, to digital oil field services.

China Materialia’s CEO Dr. Min Zhou said: “We are honored and excited to partner with world’s leading industrial companies to launch China Materialia Fund II. Compared to IT companies, innovations in materials or advanced manufacturing take significantly more money, time, and resources to reach commercial success. Partnering with multi-national companiesis not only beneficial, but also necessary. This venture illustrates the rising innovation level in the country, as well as the important role that China plays as a beachhead market for many of world’s hard-tech innovations.”

Commenting on investment in China Materialia Fund II, Dr. Karen Kerr, head of Advanced Manufacturing practice at GE Ventures said:“As part of our transformation to become the leading Digital Industrial Company, GE Ventures is excited to collaborate with China Materialia, Samsung and SABIC to continue fostering innovation in China. We are committed to working with the local entrepreneurial ecosystem to grow companies that advance industries and improve lives.”

Besides the corporate investors, China Materialia Fund II also received commitments from the Shanghai government, with Shanghai venture capital guidance fund, Shanghai Baoshan Investment Management Co. and Shanghai Baoshan Industrial Park Development Co all contributing.

Read More

HomeGrid Forum names Xingtera as first G.hn certified silicon vendor based in China

HomeGrid Forum today announced that Xingtera’s XT1800 G.hn chipset has been awarded its prestigious G.hn certification, recognizing a high-performance product that allows networking over any form of cabling at a rate of 1 Gigabit per second — a direct result of Xingtera’s ongoing dedication to the development of the chipset.


“At HomeGrid Forum we champion industry certification programs, not only to ensure that high, minimum standards are met, but also to enable widespread interoperability — something we believe to be key to the success of G.hn,” commented Donna Yasay, President of HomeGrid Forum. “Naming Xingtera as the first certified vendor based in China is an important milestone and paves the way for other Chinese vendors. Xingtera’s achievement is particularly impressive because they have done so much in a relatively short space of time.”

As well as the development of its G.hn chipset, Xingtera has become a key player in promoting technology and networking products in China, which is an extremely competitive and busy market as China continues to dominate the global technology industry.

Speaking of the importance of the G.hn certification, Xingtera’s CEO and HomeGrid Forum’s marketing co-chair, Yuqing Niu said: “This accomplishment marks a new milestone in the history of Xingtera, and the entire G.hn ecosystem. Our customers will now be able to develop and deploy high-performance, reliable wireline communication systems in next-generation networked homes based on the certified chipset. Working with HomeGrid Forum is enabling Xingtera to drive the rapid deployment of G.hn technology, especially in China, which is a market with great growth potential for G.hn.”

This week, Yuqing Niu will speak at Smart Summit Asia (30 November-1 December, Singapore) on a panel session titled: Identifying Key Technology Drivers for Wider Adoption of Connected Solutions, which takes place on Day 2 between 15:20-15:50pm. For more information on HomeGrid Forum please visit the website:www.homegridforum.org/.

About HomeGrid Forum
HomeGrid Forum (HGF) is an industry alliance that brings together the world’s best in technology innovators, silicon vendors, system manufacturers and service providers to promote G.hn, a globally recognized gigabit home networking technology based on ITU-T standards. Over 70 members promote the global adoption of G.hn, a single unified, multi-sourced networking technology – over coax, copper pairs, powerline, and plastic optical fiber – while continuing to support HomePNA deployments and their transition to G.hn. HomeGrid Forum provides G.hn silicon and system certification through a strict compliance and interoperability testing program. For more information on HomeGrid Forum, please visit our website at www.homegridforum.org.
Follow us on @homegrid_forum

About Xingtera
Xingtera was established in 2010 by industry veterans, with vision to become one of the most recognizable and brightest stars in the Communication IC market. As a fabless IC company, Xingtera focuses on developing disruptive technologies to address four large markets: Home Networking, IP Camera Connectivity, Next-gen Access Network Infrastructure and Internet of Things (IoT). Xingtera has been leading the effort in promoting G.hn technology and standardization in China with the HomeGrid Forum during the past five years. Now G.hn standard has reached the highest level (national level) in China as the Country’s accepted “smart home” wireline home network technology.

Read More

China Materialia’s “Innovation China 2016” conference brings together government, venture capital, corporates and start-ups to discuss opportunities brought by “China Manufacturing 2025”

More than 300 people attended the third “Innovation China” conference held in Shanghai on Oct 14th.  China Materialia organizes annual “Innovation China” conference centered on “innovation and entrepreneurship”, each “Innovation China” conference invites thought leaders from academics, executives of Fortune 500 companies, start-ups, venture capitalists and government departments to discuss, debate and generate new ideas on latest trends on one industry sector. It is a platform for connecting MNCs and start-ups, Chinese and foreign enterprises, capital and technology.

Sponsored by GE, Innovation China 2016’s theme was “Advanced Manufacturing”, speakers included Ms. Ziying XU, Vice director of Shanghai Municipal Commission of Economic and Information, Christine Furstoss, Vice president of GE Global Research, Rajiv Singh, President of SABIC Ventures, Jiandang GU, CEO, Phoenix Contact China, Leo Wong, head of Bosch China Incubator, Karen Kerr, Senior Managing Director of GE Ventures. Six start-up companies in 3D printing, connected devices, and advanced materials also presented at the conference. The speakers collectively probed and shared insights on:
• What opportunities do start-ups have in core technology of advanced manufacturing (materials, technology, equipment), and in information fields (data, analytics, networking)?
• How should start-ups work with MNCs and realize open innovation for MNCs and open entrepreneurship for start-ups?
• What kind of opportunities and challenges are there for venture capital investing in this sector?
• What can Chinese start-ups and SMEs learn from abroad?
• In which areas can China become a leader worldwide? In technology or business model?

China Materialia Fund II also had a launch ceremony at the conference. The 400 million RMB China Materialia Fund II will invest in innovative start-ups in China in advanced materials, advanced manufacturing, energy and environment sectors. Min Zhou, CEO of China Materialia spoke at the conference and shared her perspectives on venture capital opportunities in advanced manufacturing sector.

Read More