Recently, AAC Technologies Holdings Inc. announced that its subsidiary, AAC Optoelectronics Technology (Changzhou) Co., Ltd., received a strategic investment of 1.658 billion yuan collectively from well-known investors including Sequoia China, Sdic Fund Management, China International Capital Corporation, etc.

According to the agreed terms and conditions, AAC Optoelectronics Technology (Changzhou) will increase its registered capital to 6.633 billion yuan, of which the added investment comes all from the investors in exchange for 9.2845% of the company’s equity after this round of fundraising.    

This is already the second-round funding for the company within three months. On July 22, AAC Technologies announced the four investors in the first round of fundraising for AAC Optoelectronics Technology (Changzhou), including Xiaomi Changjiang Industrial Investment Fund Management and OPPO, which collectively invested 1.15 billion in exchange for 9.58% of the company’s equity. After the two rounds of equity financing with a total amount of 2.808 billion, the company’s valuation has reached around 17.9 billion based on its share price in the second-round funding, a 35% jump compared with its valuation in the first round of financing.

Industry insiders estimated that AAC Optoelectronics Technology (Changzhou) would become a unicorn company in the optics industry.

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