# CDB Manufacturing Transformation and Upgrading Fund

> CDB Manufacturing Transformation and Upgrading Fund is a VC fund backing Manufacturing. See 6 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 6
- Last investment: Dec 2025
- Lead investor: 33%
- Last updated: Aug 2026

CDB Manufacturing Transformation and Upgrading Fund is a VC fund focused on Manufacturing and Semiconductor. CDB Manufacturing Transformation and Upgrading Fund operates as an investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 3 | 50% |
| Semiconductor | 2 | 33% |
| Laser | 1 | 17% |
| Solar | 1 | 17% |
| Energy | 1 | 17% |

17 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 2 | 33% |
| Series C | 2 | 33% |
| Series A | 1 | 17% |
| Venture - Series Unknown | 1 | 17% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| SIRUI | SIRUI is an intelligent technology company oriented to key core technologies such as "semiconductor equipment" and "new display". |  | Series C | Dec 23, 2025 |  |
| Hefei Xinyihua | Hefei Xingyihua Hefei Xinyihua is a pan-semiconductor intelligent equipment supplier that specializes in delivering solutions and professional services for intelligent manufacturing, information interaction, and improved human life. | $41.7M | Series B | Jun 03, 2025 |  |
| Hefei Lucky Technology | Hefei Lucky Technology is affiliated to China Lucky Group under China Aerospace Science and Technology | $192.2M | Venture - Series Unknown | May 23, 2025 |  |
| Shanghai Gesi Xinxi Jishu Youxian Gongsi | Shanghai Gesi Xinxi Jishu Youxian Gongsi is a company engaged in technical consulting, technology development and others. | $137M | Series A | Dec 30, 2024 |  |
| Vertilite | Vertilite is an innovative start-up company that provides high power and high speed VCSEL (vertical-cavity surface-emitting laser) solutions. They design and manufacture VCSELs (650nm to 1000nm) for a wide range of applications from high-speed optical communication to optical sensing in biomedical, industrial, automotive and consumer products.Vertilite was founded in 2015 by experienced scientists and engineers from the industry. With strong funding support from their investors , they have demonstrated the mass-production capabilities with device performance among the top in the world. | $42.4M | Series C | May 06, 2024 |  |
| Royal Tech CSP | Royal Tech CSP Limited is specialized in the R&D of solar thermal technologies and promotion of solar thermal applications with 100% clean solutions for both electric power and process heat and cooling. Since 2009, we have devoted ourselves to the R&D of high temperature vacuum receivers. Through the close partnerships with worldreputable solar thermal research institutes like Fraunhofer ISE, DLR and CIEMAT-PSA, we have established a complete system of R&D, production, testing and demonstration. Through years of efforts and achievements, we have accumulated various patent technologies and abundant experience with vacuum receivers and its applications. |  | Series B | Jul 11, 2022 |  |

6 of 6 investments shown.

## Co-investors
- [Anhui High-tech Industry Investment](https://shizune.co/investors/profile/anhui-high-tech-industry-investment) — VC Fund, 1 deal together
- Bank of China Financial Assets Investment — VC Fund, 1 deal together
- CCB Investments — VC Fund, 1 deal together
- China Development Bank Capital — VC Fund, 1 deal together
- [China Structural Reform Fund](https://shizune.co/investors/profile/china-structural-reform-fund) — VC Fund, 1 deal together
- [CMB International Capital Corporation](https://shizune.co/investors/profile/cmbi-international-capital-corporation) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does CDB Manufacturing Transformation and Upgrading Fund invest in?

CDB Manufacturing Transformation and Upgrading Fund invests primarily in Manufacturing, Semiconductor and Laser startups, most often at Series B and Series C stage. Most of the 6 investments tracked by Shizune back companies in China. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did CDB Manufacturing Transformation and Upgrading Fund last invest?

The most recent investment recorded for CDB Manufacturing Transformation and Upgrading Fund closed in Dec 2025. Shizune tracks 6 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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