Kaiyang raises tens of millions of yuan for MOF material scale-up
What's the deal? Chinese startup Kaiyang New MaterialsDealroom has a profile for this one. Try Dealroom → has closed a Pre-A round worth tens of millions of yuan. Nachuan CapitalDealroom has a profile for this one. Try Dealroom → led the round, with Suzhou Guofa Venture CapitalDealroom has a profile for this one. Try Dealroom →, Shenzhen Shengjin Investment, and a prominent materials-sector investor participating.
What's the endgame? Kaiyang works in new materials research, aiming to become a domestic leader in industrialising metal-organic framework (MOF) materials. The company wants to move MOF technology from the lab into wide commercial use.
Where's the money going? The proceeds will mainly fund expanded MOF production capacity and continued research and development.
The signal: MOF materials — highly porous structures used in gas storage, separation, and catalysis — remain difficult to produce at industrial scale. Backing from state-linked funds like Suzhou Guofa signals China's push to commercialise advanced materials domestically.
Image credit: Idaho National Laboratory
