FB Pixel no scriptDeals in brief: Wavemaker Impact leads Arysun’s pre-seed round, Nuevocor raises USD 45 million, latest funding deals in China, and more
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Deals in brief: Wavemaker Impact leads Arysun’s pre-seed round, Nuevocor raises USD 45 million, latest funding deals in China, and more

Written by Sudo Lim Published on   3 mins read

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Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Arysun lands USD 575,000 to accelerate solar adoption in Southeast Asia

Arysun, a Singapore-based climate tech startup, has secured USD 575,000 in pre-seed funding to broaden access to rooftop solar solutions for Southeast Asian households. The round was led by Wavemaker Impact, with participation from the First Move Fund.

The company offers starter kits that are reportedly low-cost and user-friendly, tailored to households in Indonesia. With energy costs rising and demand for sustainable alternatives growing, Arysun is targeting the region’s emerging middle class to fill a market gap.

The funding will be used to expand the team, scale up installations, and develop a digital platform to streamline solar adoption. Arysun also plans to establish partnerships with local installers, suppliers, and financing providers to strengthen its market presence.

Arysun’s long-term goal is to achieve 100 million tons of carbon abatement annually.

Photo of Aik-Phong Ng, founder and CEO of Arysun.
Photo of Aik-Phong Ng, founder and CEO of Arysun. Photo and header photo courtesy of the company.

Nuevocor raises USD 45 million to advance gene therapy for cardiomyopathy

Nuevocor, a biotech firm focused on treating cardiomyopathies through mechanobiology, has raised USD 45 million in a Series B funding round co-led by Kurma Partners and Angelini Ventures. The round also saw continued support from EDBI, ClavystBio, Boehringer Ingelheim Venture Fund, Highlight Capital, and Seeds Capital.

Proceeds from the round will fund clinical trials for the company’s lead candidate, NVC-001, a gene therapy developed to treat LMNA-related dilated cardiomyopathy, a severe genetic heart condition. Nuevocor plans to open trial sites across the US and Europe and will establish a clinical office in Paris. The therapy is based on Nuevocor’s proprietary platform and is designed to correct biomechanical dysfunction at the nuclear level.

Beyond its lead asset, Nuevocor is developing a broader pipeline to address other mechanobiology-driven cardiovascular diseases.

Recent deals completed in China:

  • Lanxin Robotics, a robotics technology firm, has raised an eight-figure RMB sum in a Series C+ funding round led by Kunpeng Fund. The funds will support advancements in its 3D sensing technology, humanoid robotics, and improvements to its supply chain and service infrastructure. 36Kr
  • Xingkeyuan, an advanced materials startup, has secured an eight-figure RMB sum in an angel plus round backed by Oriza Seed. Existing investors include HongShan’s seed fund, K2VC, KylinHall Partners, the Shuimu Tsinghua Alumni Seed Fund, and Six Sigma Capital. The funds will be used for product development and scaling manufacturing capabilities. 36Kr
  • Rino.ai, an autonomous driving company, has raised RMB 200 million (USD 28 million) in a Series B round led by SF Express, with support from Shineray Motors and returning investor Linear Capital. The funding will fuel the development of new unmanned vehicle products and support market expansion for existing models. 36Kr
  • ULS Robotics, an exoskeleton technology platform, has raised an eight-figure RMB sum in a Series B round led by BeFor Capital, with follow-on investment from Guoyi Capital. This round follows a Series A+ raise in July 2024 led by Dunhong Capital. The new capital will support mass production of consumer-grade exoskeletons and further integration of exoskeleton hardware with artificial intelligence. 36Kr
  • Silicon Extreme, a Hefei-based quantum computing startup, has secured a multi-million RMB investment (USD 1.4–2.8 million) from Vertex Ventures China, with Index Capital serving as financial advisor. The funding will support R&D for integrated photonic quantum chips and general-purpose quantum computing systems. Another funding round is currently in progress. Founded in 2020, the company collaborates with leading Chinese universities to commercialize quantum chip technologies. 36Kr

Neufast, Co-Axis, Krenovator, and more made recent headlines:

  • Neufast, a Singapore-headquartered startup, landed USD 1.1 million in a pre-Series A funding round led by Wavemaker Ventures, with additional capital from Wings Capital Ventures.
  • Co-Axis, a digital marketplace for impact investments, raised SGD 1.25 million (USD 966,130) in catalytic capital from the Richardson Family and Catalytic Capital for Climate and Health (C3H), a Temasek Trust initiative.
  • Krenovator, a Malaysia-based tech talent platform, closed an undisclosed seed funding round led by Ignite Asia.

If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].

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