WestSummit backs China's Union Optech

Based in Zhongshan, Union Optech produces optical and electric modules such as lenses and sensors used in digital, in-vehicle, and security cameras, smartphones, and other devices.

The fresh capital will be used to extend the company's manufacturing facilities and expand into overseas markets.

WestSummit's Datong Chen will hold a seat on the Union Optech board.

"Union Optech, our newest investment, provides an opportunity for WestSummit to help take a Chinese company global as we expect that their leading optical lens modules should find strong demand in overseas markets," said the GP's co-founder and managing director, Raymond Yang.

Union Optech will join companies such as Unity Technologies, a software development platform for creating games and interactive 3D content, and GigaDevice, a major Chinese supplier of NOR Flash memory, in WestSummit's portfolio.

News of this transaction comes after WestSummit added David Lam as managing director and promoted Elise Huang to partner last month, taking the firm's number of partners to six.

Founded in 2010, the private equity house has been quietly building its portfolio over the past two years, with a core focus on technology companies that have a substantial presence or strategic interest in China.

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• Topics
• Technology
• Expansion
• Greater China
• WestSummit Capital
• China
• Technology
• Growth capital