KINGS 3D, the Chinese large industrial SLA 3D printer manufacturer (that we were the first Western AM industry media to follow closely, since very early on) just completed a Series B financing of more than 100 million RMB (nearly $16 million USD). The investment was led by Rongyi Investment and jointly participated by multiple institutions including Jiafa Venture Capital, Jiafa No.1 Venture Capital, Furong Capital, Zhongwei Yihe Equity Investment Fund and Qingjue Capital. Furthermore, Kings’ existing shareholders Firstfortune Investment and SGT Capital continued to offer their support. This round of funds will be used by KINGS 3D on research and development of existing SLA 3D printing technology, and further development of metal 3D printing technology in dental, ceramic 3D printing technology, new materials and to build a global commercial network.
KINGS 3D is a high-tech enterprise dedicated to R&D and innovation of 3D printing, providing efficient and environmentally friendly 3D printing solutions. At the end of 2018, The company invested 500 million RMB (nearly $80 million USD) to establish a 3D printing industrial park in Jiangxi province of China; in 2019, KINGS 3D was named “Shenzhen Top Brand”. With strong technical strength, the company has rapidly developed into a comprehensive group company integrating R&D and production of industrial 3D printers, materials, software development, training and education. The existing R&D team has more than 30 staff. A significant number of them have gotten doctoral or master’s degrees in the fields of additive manufacturing, polymer materials, and electrical engineering. This team has applied for more than 130 parents.
KINGS 3D Printers are independently developed and designed to provide comprehensive solutions in the fields of prototypes, footwear, automobiles, aerospace, ceramics, medical and dental, mechanical equipment, electronic appliances and architecture. They have been used to assist thousands of domestic enterprises to increase product development and production efficiency, by a factor of more than ten times. The company has already begun exporting its 3D printing solutions overseas to Europe, America, Asia-Pacific and the Middle East.
In the field of new material innovation, KINGS 3D develops its own materials. Through the adjustment of printing parameters, customers can obtain different printing effects with materials to meet their specific requirements.
In the future, KINGS 3D will pay more attention to independent innovation capabilities, protect intellectual property rights, and continue to improve its products, technologies, and supply chain to let 3D printing create more value, and continue to help the upgrading, optimization and innovative development of high-end manufacturing industries.
“Based on years of industry experience, KINGS 3D has built a profound and unique understanding of the additive manufacturing industry and ecological chain. After 5 years of development, the company has a matured a full range of SLA printer manufacturing capabilities, and has been recognized by customers from various industries,” said Mr. Zexing Jiang, Chairmen of KINGS 3D.
“In the field of technical product development—Mr. Jiang went on—KINGS 3D will continue to increase investment in research and development, and strive to make breakthroughs in core technologies to provide higher-quality products to the market to serve customers’ needs. In 3D printing applications, KINGS 3D will continue to take a strong foothold in shoe molds and prototypes and at the same time strive to explore applications in dental, medical, military aerospace, ceramic fields and more. For the key markets, KINGS 3D will put efforts in domestic as well as international markets by taking advantage of offline and online multi-channel to promote its 3D printing solutions. On the basis of consolidating the existing market, Kings will focus on further growth.”
I am very glad to be able to gain the trust of new shareholders and the support of old shareholders. Under the concept of ‘Faith will move mountains’, KINGS 3D will continue to make breakthroughs and innovations to create greater value for customers, and contribute to the development of the global 3D printing industry,” Mr. Jiang concluded.
According to local statistics, the size of the Chinese 3D printing market in 2019 is 14 billion RMB (about 2.22 billion USD), while by 2023, it is expected to reach 35.118 billion RMB（about 5.57 billion USD), with a compound annual growth rate of 25.8%.
KINGS 3D is an enterprise with a full industry chain and one of the few companies in the industry whose main business includes 3D equipment, materials and printing services. It not only occupies a large market share in SLA resin printing but also has a layout in metal printing. The competition barriers built by KINGS 3D make it have a greater advantage in the market. With the continuous advancement of additive manufacturing technology, the decline of printing costs, and the increasing availability of printing materials, the advantages of additive manufacturing over traditional subtractive manufacturing have gradually become more evident. Now the technology is more widely accepted in many industries, and production scenarios are gradually shifting from prototype design to direct manufacturing.
China is the world’s largest manufacturing country. With the rapid development of the additive manufacturing market, China is expected to create a number of world-class additive manufacturing companies. As China’s leading industrial-grade non-metallic 3D printing brand, KINGS 3D is not only occupying a leading edge in different industries but also one of the fastest-growing industrial-grade 3D printing companies in China in recent years.
“KINGS 3D is a high-tech enterprise in the 3D printing industry chain,” commented Mr. Hongchun Liu, Partner of Rongyi Investment. “Its SLA, metal and ceramic printing technologies are already in a leading position in China. Its products are widely used in industrial mass production, prototypes, military scientific research, dental, medical and other fields. The company has many invention patents, and its products have been well received not only in China but also in countries in Europe, America, the Middle East, Asia Pacific and etc. The service of the KINGS 3D team is very localized and has contributed a lot to the domestic 3D printing industry. The company’s business situation is very promising. It is believed that KINGS 3D can become a leading company in 3D printing segments such as SLA 3D printing. In the future, with the help of capital, it will have the opportunity to become a globally influential company. Rongyi Investment is an investment institution with a deep industrial background and rich industrial resources; it focuses on investment opportunities in upstream chip devices and innovative applications in downstream industries, mainly investing in growth VC and PE projects. We are willing to continue to support high-tech companies like Kings that maintain continuous leadership in the industrialization of innovative technologies.”