Zhiqin Instruments Completes Tens of Millions RMB Series A+ Financing to Accelerate Domestic Miniature Mass Spectrometer Development

VCBeat has exclusively learned that Shenzhen Zhiqin Instrument Co., Ltd. (hereinafter referred to as “Zhiqin Instrument”) recently completed a tens-of-millions-yuan Series A+ financing round and changed its name to Zhiqin Instrument (Hefei) Co., Ltd. This round of financing was led byHefei Feixi Industrial Investment, Hefei Innovation Venture Capital, Shenzhen Junsheng RunshiCo-investment,HTIAs the exclusive financial advisor for this round of financing. The funds raised in this round will be used for investments in the construction of CHIN INSTRUMENT’s headquarters, R&D, and production bases.

Founded in 2018, CHIN INSTRUMENT specializes in the independent development of core components, including sample introduction systems, ion sources, mass analyzers, detectors, and data systems. The company develops both compact portable and large-scale mass spectrometry products, dedicated to providing customers with comprehensive analytical testing solutions. Its mission is to continuously help users in fields such as food safety, healthcare, education and scientific research, public safety, environmental monitoring, and marine energy secure appropriate detection instruments.

The company’s founding team originates from Tsinghua University, boasting over 20 years of experience in the research and development of mass spectrometry instruments. Core management personnel and key technical staff all come from the Tsinghua University research team specializing in Instrument Science and Technology. The team includes nine PhD holders, with individuals holding a master’s degree or higher accounting for 63% of the R&D workforce.

Currently, the company’s mass spectrometers have achieved mass production and delivery, with products widely applied in rapid testing fields such as food and pharmaceutical screening, as well as atmospheric VOC monitoring. In the field of compact mass spectrometry, the company has filed more than 50 invention patents (34 of which have been granted), covering areas including sample pretreatment, ionization, inlet interfaces, analytical methods, data processing, and instrumental integration.

The Company has established close collaborative relationships with product development and application institutions, including the National Institutes for Food and Drug Control, the Chinese Academy of Inspection and Quarantine, China Agricultural University, and the Institute of Materia Medica, Chinese Academy of Medical Sciences.

CHIN INSTRUMENT Products

Dr. Duo Yingxin, General Manager of CHIN INSTRUMENTIt is stated that over the past decade, Hefei has aligned with national strategic directions, leveraging the development of the “IC, Display, Automotive, and Integration; Integrated Circuits, Life Sciences, and AI” strategic emerging industry cluster to drive innovation-led growth. With CHIN INSTRUMENT establishing its headquarters in Hefei, the company will capitalize on the city’s talent advantages to strengthen its R&D-driven continuous technological innovation. By harnessing Hefei’s cluster advantages in strategic emerging industries, CHIN INSTRUMENT aims to achieve comprehensive domestic substitution in the instrumentation sector.

Head of Feixi Industrial Investment TeamIt was stated that this investment marks a joint effort by Feixi Industrial Investment and CHIN INSTRUMENT to explore new frontiers in the mass spectrometry industry, supporting CHIN INSTRUMENT’s continued success and advancing the miniaturization, localization, and industrialization of high-performance mass spectrometers. Feixi Industrial Investment will grow alongside CHIN INSTRUMENT.

Team Leader, Hefei Innovation Sci-tec Venture CapitalIt is announced that this round of strategic financing has attracted the Feixi Sci-Tech Transfer Fund, a government-backed fund. The Feixi Sci-Tech Transfer Fund was jointly established by the Feixi County Government and its subordinate investment platforms, together with Hefei Innovation Sci-tec Venture Capital Co., Ltd., and is managed by Hefei Guoyao Capital Investment Management Co., Ltd. The fund aims to support high-quality projects with strong industrialization prospects, promote the commercialization of scientific and technological achievements, and foster innovation and entrepreneurship among high-level talent teams, thereby facilitating the sustained and robust development of strategic emerging industries in Feixi County. Through its investment in CHIN INSTRUMENT in this round, the Feixi Sci-Tech Transfer Fund demonstrates tangible government support for the R&D and industrial application of advanced mass spectrometry technologies, accelerating the development of the high-end intelligent manufacturing industry cluster in Feixi County.

Junsheng Runshi Investment TeamIt is indicated that, as high-end scientific instruments, mass spectrometers suffer from a low localization rate and severe “chokehold” constraints, making import substitution urgent. Recently, the state has issued multiple policies to support the domestication of scientific instruments. Leveraging the leading research achievements of Tsinghua University’s Department of Precision Instruments and Department of Chemistry, the team at CHIN INSTRUMENT has, after years of research, mastered key technologies for all core components of mass spectrometers and has already achieved mass production and commercial deployment of multiple product lines. The future market potential is substantial, encompassing both the incremental market driven by new application scenarios enabled by miniaturized mass spectrometers, and the existing market where domestically produced instruments can replace imported ones.