Morocco Precision completed 300 million C round of financing

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Investment China.com news, the global ultra-high-precision 3D printing company, Chongqing Mofang Precision Technology Co., Ltd. (referred to as “Mofang Precision”) announced yesterday that it has completed 300 million yuan in Series C financing. This round of financing was led by Shenzhen Venture Capital New Materials Fund. The participants in this round include CCB International, Chongqing Liangjiang Fund and many other well-known institutions. The post-investment valuation is 3 billion yuan, and all the transactions have been completed.

This round of financing will be mainly used to further develop its efforts in the field of materials and end products, and further consolidate the monopoly position of MFO Precision in the global ultra-high-precision 3D printing.

Founded in 2016, Mofang Precision is the only 3D printing system provider in the world that can produce the highest precision of 2μm and realize industrialization, providing a subversive means of ultra-high precision machining. As of June 2022, nearly 1,200 scientific research institutions and industrial enterprises in 33 countries around the world have established cooperation with Chongqing Morocco. At present, the world’s top 10 medical device companies, including Johnson & Johnson and GE Healthcare, have all cooperated with Morocco Precision; 9 of the world’s top 10 precision connector companies have also established cooperation with Morocco.

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