# Baoying Gases funding: rounds and investors

> Baoying Gases has raised $14M across 1 round since 2023. Investors include Cathay Capital. Every round with its source.

Source: https://millionrounds.com/company/baoying-gases (Millionrounds; every figure on the page links to its filing or article)

[Series B startup](https://millionrounds.com/companies)

# Who invested in *Baoying Gases*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summary Updated 26 Oct 2026

**$14M** raised across 1 round since 2023, from 1 source

- **Latest round:** Series B, $14M Oct 2023
- **Investors:** 1

See who backed them

## The rounds

- **Oct 2023** Series B **$14M** [Cathay Capital](https://millionrounds.com/fund/cathay-capital) Source recorded

## Everyone who backed them

[Cathay Capital](https://millionrounds.com/fund/cathay-capital) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=baoying-gases).

## Quick answers about Baoying Gases

### Who invested in Baoying Gases?

Baoying Gases's investors include Cathay Capital.

### How much has Baoying Gases raised?

Baoying Gases has raised $14M across 1 round since 2023.

### When did Baoying Gases last raise?

Baoying Gases's most recent round was a Series B of $14M in Oct 2023.

### What was Baoying Gases's biggest round?

Its most recent round, $14M in Oct 2023, is also its largest on record.

### Who backed Baoying Gases first?

Baoying Gases's first round on record, in Oct 2023, was backed by Cathay Capital.

### What stage is Baoying Gases at?

Baoying Gases's latest named round is a Series B, in Oct 2023.

## Companies like Baoying Gases

In the same sector, and raised in the last eighteen months.

[**os.energy** $1.2M · Aug 2026](https://millionrounds.com/company/os-energy)[**CleanMax** $165M · Feb 2026](https://millionrounds.com/company/cleanmax)[**Radiance Renewables** $100M · Feb 2026](https://millionrounds.com/company/radiance-renewables)[**Turno** $4.7M · Feb 2026](https://millionrounds.com/company/turno)[**e-TRNL Energy** $3.0M · Feb 2026](https://millionrounds.com/company/e-trnl-energy)[**PolyCycl** $2.9M · Jan 2026](https://millionrounds.com/company/polycycl)

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