Demac Precision Engineering has completed a Series C financing of 420 million yuan.

Recently, precision parts manufacturer Demac Precision Technology Co., Ltd. completed a C round financing of 420 million yuan, led by Fuyong Investment, with participation from Changxing Industrial Group, Nanhu Equity Fund, Huayi Venture Capital, Yuanjing Capital, Deqing Industrial Investment, Huaan Jiaye, and Guoxin Venture Capital. Existing shareholder Yunqi Capital continued to increase its investment. The funds from this round will primarily be used for process R&D, capacity enhancement, and market expansion of key hardware in fields such as robotics.