DeHeng Assisted Funcmat in Completing Angel Round Financing

2025-12-29

Recently, Qingrong New Material Technology (Jiaxing) Co., Ltd. (“Funcmat”) completed an Angel round financing of tens of millions of yuan, led by CASSTAR, with participation from Changjian Capital, Jiangyin Talent Science and Innovation Angel Fund, and Shuimu Tsinghua Alumni Seed Fund. The proceeds from this round will be primarily used for production line expansion, core equipment R&D, and market development in high-frequency communications, new energy, AI servers, and other fields.

As legal counsel to Funcmat, the DeHeng team, led by partner Fang Yingping, provided professional, efficient, meticulous, and comprehensive legal services for the Angel round, including assisting the client in reviewing and revising transaction documents, negotiating, and closing, thereby facilitating the successful completion of the equity financing.