JJC TEC Completes Series E Financing

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REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS 2 Stage Hydraulic Pump

JJC TEC, a Beijing, China-based provider of high-end intelligent equipment for the oil and gas industry, completed an E-round financing.

The round was led by SDIC Fund and Seekers Capital, followed by China Venture Capital Fund, Jingguoguan Equity Investment Fund, Starlight Capital, and Asia Green Fund, and existing investors Summitview Capital and China Merchants Capital.

The company intends to use the funds to expand its R&D for the Smart Wrench and Clusters System.

Beijing JJC Technology Co. is dedicated to the development of intelligent equipment for the oil and gas industry. The company has developed multiple products such as Smart Wrench, Mechanical Seal Washpipe, Hydraulic Power Unit, Hydraulic Elevator and Hydraulic Power Slip Handler, etc., and built the “Tripro® Walker” Drilling Rig Automation System, providing comprehensive smart drilling solutions in the petroleum drilling and production industry. Headquartered in Beijing, JJC has branches in Tianjin, Xinjiang, Sichuan and other places, serving customers.