FOR IMMEDIATE RELEASE
Sengong New Materials, an innovative local pioneer in the field of degradable water-soluble PVA films, has just announced the closing of its Pre-A Series funding round. This round received a joint investment of tens of millions of RMB from two well-known venture capital institutions, Nanshan SEI Investment and Hongfu Investment, with CV Capital serving as the long-term exclusive financial advisor. These investments reflect strong confidence in Sengong’s next-generation material technologies’ technical strengths, as well as the development potential of the sustainable materials track.
As a leading functional PVA film manufacturer in China, Sengong New Materials has been deeply engaged in the field of biodegradable PVA water-soluble films for many years. With the integration of technology, material innovation and smart sustainable manufacturing, it has risen as a leading enterprise in the industry. The company has developed over 150 proprietary formulas, with product performance equivalent to top international brands. Its products are widely used in laundry detergent pods, dishwasher pods, sustainable eco-friendly packaging, and many other fields, driving the iterative upgrade of the packaging industry with benefits in economic advantages, accessibility, ease-of-use and innovation.
The PVA material nature possesses fully biodegradable characteristics, and ultimately decomposes into carbon dioxide and water, avoiding environmental pollution. It can also sustain multiple rounds of recycling, and its end-of-life applications can extend to agriculture and ecological environment restoration, supporting the “Planet Value Added (PVA)” concept trademarked by Sengong New Materials.
In terms of manufacturing, key highlights of Sengong New Materials’ low-carbon, sustainable factory include:
Currently, the company’s products have taken a leadership space in the domestic water-soluble film market, and its overseas market is expanding steadily, with growing global market recognition and influence.
Nanshan SEI Investment mentions, “Sengong addresses multiple stages of the production chain, including material R&D, formula products, production equipment, and processing techniques. It has broken the monopoly held by overseas manufacturers on core raw materials within the industry. While capturing the domestic market, it is also achieving multiple breakthroughs overseas, demonstrating strong growth momentum. We continue to be confident in the Sengong team’s solid industry experience and innovative approach to technology application. We believe the company will become an internationally leading enterprise in the field of sustainable, environmentally friendly materials in the future.”
Hongfu Investment mentions, “Sengong is one of the very few companies in the industry that masters the entire independent production chain for film materials. Through continuous technological innovation and product upgrades, it is constantly strengthening its technological moat, which will continue to enhance its market competitiveness. Furthermore, the founder’s exceptional learning capability provides a key driving force for breaking through technical barriers and achieving iterative development. Combined with its ‘low-cost + high-performance’ advantage, which is perfectly aligned with the ‘Dual Carbon’ goals, we believe it can rapidly expand from the home care industry into logistics, agricultural ecology, and other sectors. We are firmly optimistic about its long-term growth potential.”
Previously, Sengong New Materials had received investments from Plum Ventures (2021) and CM Venture Capital (2022). With the successful completion of this latest funding round, Sengong New Materials is poised to continue leading the development of the degradable PVA functional film industry, leveraging its advantages in technology, production capacity, and market presence to write a new chapter of innovation in the sustainable materials field.
About Sengong
Sengong, China’s leading PVA film maker for detergent pods is a pioneer in biodegradable, water-soluble PVA films used in detergent pods and eco-friendly applications. With a 30,000 m? facility, 20 production lines, 25+ patents, and 130+ proprietary formulas, our PVA film’s superior material performance is on par with top global brands. By combining innovation with green manufacturing, we make sustainable materials more affordable, available and accessible. From laundry and dishwashing pods to chemical dosage solutions, we’re reshaping the packaging industry in more ways than thought possible.
About Nanshan SEI Investment
Shenzhen Nanshan Strategic Emerging Industry Investment Co., Ltd. (Nanshan Zhanxintou) is a state-owned wholly-owned limited liability company established by the People’s Government of Nanshan District, Shenzhen. Positioned as Nanshan District’s strategic direct investment platform, the company focuses on strategic emerging industries and future industries. It prioritizes Nanshan’s key sectors such as next-generation information technology, high-end equipment manufacturing, biomedicine, and digital economy, while systematically expanding into future industries. The company supports the implementation of major industrial projects initiated by the district committee and government, fostering new drivers for developing advanced productive forces.
About Hongfu Investment
Hongfu Assets, managing over RMB 4 billion since 2020, specializes in growth and mature-stage investments within frontier technology, healthcare, advanced manufacturing, and new materials. Its seasoned team—from top investment banks, global consultancies, and multinational corporations—has managed RMB 5+ billion with RMB 3 billion deployed, bringing deep industry expertise. The firm targets innovative companies with proprietary technologies, import substitution potential, and strong commercial prospects, aligning with national strategic priorities. Through fundamental research and rigorous due diligence, Hongfu emphasizes value discovery and risk control while maintaining strict investment discipline to drive sustainable growth across economic cycles. Backed by cornerstone investors from over ten listed companies, the firm leverages a robust industrial ecosystem that enhances deal sourcing, sector penetration, and post-investment value creation.
