Zhonghao Xinying Technology Co., Ltd. announced that it has received funding from Suzhou Kingswood Education Technology Co., Ltd., Insigma Technology Co., Ltd., RiverHill Fund, Zhejiang Cybernaut Equity Investment Management Co., Ltd., Icy Capital, Wiseman Capital Management, LLC
May 16, 2023
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Zhonghao Xinying (Hangzhou) Technology Co., Ltd. announced that it has raised hundreds of millions in a round of funding led by returning investor, Suzhou Kingswood Education Technology Co., Ltd. on May 17, 2023. The transaction also included participation from new investors such as Insigma Technology Co., Ltd., Hangzhou RiverHill Changfan Equity Investment Partnership Enterprise (L.P.), a fund managed by RiverHill Fund, Zhejiang Cybernaut Equity Investment Management Co., Ltd., Icy Capital and Wiseman Capital Management, LLC.
Suzhou Kingswood Education Technology Co Ltd, formerly Suzhou Kingswood Printing Ink Co Ltd, is a China-based company principally engaged in the research, development, production and sale of printing offset inks. The Company's main products include high-gloss offset inks, high-wear offset inks, quick-drying high-gloss offset inks and other offset inks. The Company owns brand names of Dongwu Inks and Kingswood. The Company's products are mainly used in food, electronics, cosmetics and chemical industries. The Company distributes its products in domestic market and to overseas markets, such as the United States, Europe and India.