# Eswin Materials funding: rounds and investors

> Eswin Materials has raised $333M across 1 round since 2023. Investors include IDG Capital and Source Code Capital. Every round with its source.

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

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

# Who invested in *Eswin Materials*

One round we have observed, with the 2 investors 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.

Hardware & Electronics

Valuation: $5.0B, Oct 2024

Funding summary Updated 26 Oct 2026

**$333M** raised across 1 round since 2023, from 1 source

- **Latest round:** Series C, $333M May 2023
- **Investors:** 2

See who backed them

## The rounds

- **May 2023** Series C **$333M** [IDG Capital](https://millionrounds.com/fund/idg-capital) [Source Code Capital](https://millionrounds.com/fund/source-code-capital) Source recorded

## Everyone who backed them

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

[Source Code Capital](https://millionrounds.com/fund/source-code-capital) VC firm **1** round

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

## Quick answers about Eswin Materials

### Who invested in Eswin Materials?

Eswin Materials's investors include IDG Capital and Source Code Capital.

### How much has Eswin Materials raised?

Eswin Materials has raised $333M across 1 round since 2023.

### When did Eswin Materials last raise?

Eswin Materials's most recent round was a Series C of $333M in May 2023.

### What was Eswin Materials's biggest round?

Its most recent round, $333M in May 2023, is also its largest on record.

### Who backed Eswin Materials first?

Eswin Materials's first round on record, in May 2023, was backed by IDG Capital and Source Code Capital.

### What stage is Eswin Materials at?

Eswin Materials's latest named round is a Series C, in May 2023.

## Companies like Eswin Materials

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

[**Positron AI** $875M · Sept 2026](https://millionrounds.com/company/positron-ai)[**TYLsemi** $43M · Jul 2026](https://millionrounds.com/company/tylsemi)[**OXMIQ Labs** $35M · Jul 2026](https://millionrounds.com/company/oxmiq-labs)[**Laser Link** $73M · Mar 2026](https://millionrounds.com/company/laser-link)[**PaXini Tech** $145M · Mar 2026](https://millionrounds.com/company/paxini-tech)[**Home Essentials** $7.7M · Feb 2026](https://millionrounds.com/company/home-essentials)

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