New Alliance Capital

New Alliance Capital is a venture capital and private equity firm that specializes in early, growth stage and pre-IPO investments. It primarily invest in high-end manufacturing, technology, advanced agriculture, consumer goods, information, media, energy, recycling, environmental protection, and modern services industry sectors. New Alliance Capital typically invests between $4.71 million and $31.41 million. Qu Liefeng founded it in 2008, with its headquarters in Shanghai in China.

Zonghe Wu

Partner

Past deals in OLED

Ideal Energy Sunflower

Private Equity Round in 2022
Ideal Energy Sunflower is a Chinese company specializing in the development of Plasma Enhanced Chemical Vapor Deposition (PECVD) equipment, primarily for the photovoltaic and AMOLED display industries. Established in 2013 after a reorganization of its former division, the company focuses on creating high-end PECVD products that have successfully broken foreign monopolies and addressed gaps in the domestic market. Ideal Energy Sunflower is recognized as a preferred supplier of advanced PECVD equipment, offering cost-efficient solutions to users in these growing sectors.

ATAPEX

Series A in 2022
ATAPEX specializes in ultra-precision metal sheet processing, primarily targeting the production of precision metal masks essential for OLED panel manufacturing. The company offers a range of products including Divide Open Masks for AMOLED displays, Divide Fine Metal Masks, Micro OLED Open Masks for silicon-based OLEDs, and metal support sheets for display terminals. By addressing challenges such as limited product options, inconsistent quality, and lengthy delivery times, ATAPEX aims to enhance the efficiency of the display panel industry. Its commitment to large-scale mass production and high-quality localization positions the company as a key player in providing comprehensive solutions for customers in the OLED panel sector.

QST Corporation

Series B in 2020
QST Corporation, founded in September 2012 and based in Shanghai, China, specializes in the development and manufacturing of micro-electromechanical system (MEMS) sensors and smart applications for mobile consumer electronics and Internet of Things (IoT) devices. The company's product lineup includes 3-axis magnetic sensors, accelerometers, gyroscopes, barometers, pressure sensors, and light sensors, which are utilized in smartphones, tablets, wearables, drones, and virtual/augmented reality headsets. QST Corporation employs a virtual IDM model to leverage domestic industrial support, enabling it to customize intelligent applications and services for its clients. The company has experienced rapid growth since its inception, positioning itself as a key player in the sensor solutions market.

SeeYA Technology

Venture Round in 2019
SeeYA Technology is a high-tech company focused on the research, design, production, and sales of next-generation semiconductor OLEDoS displays. The company specializes in developing miniature display devices that leverage organic light-emitting diode (OLED) and silicon-based micro-display technologies. These high-resolution, low-power consumption displays are tailored for various applications, including augmented reality (AR), virtual reality (VR), drones, thermal devices, night vision equipment, helmet displays, smart eyewear, and electronic viewfinders. SeeYA Technology offers a comprehensive product line and related solutions, enabling businesses across multiple industries to create reliable and user-friendly intelligent devices.
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