MediSun Energy, a leader in advanced osmotic (blue) energy technology, has successfully raised $8.75 million in seed financing and entered a strategic partnership with Southeast Asian venture capital firm Vynn Capital. This funding round, comprising $5 million in venture debt and $3.75 million in equity financing, boosts MediSun’s valuation to $44 million.
Key Investors and Strategic Partnerships
The investment round, led by Vynn Capital, also attracted new investors, including:
- MOAJ Holding Co. (Saudi Arabia)
- Frank Phuan
- TNB Aura (Singapore-based VC through its Scout Initiative)
- Ciri Ventures (Climate-tech-focused VC firm)
Additionally, MOAJ Holding has committed up to $30 million to MediSun’s Saudi Arabian operations, supporting the creation of a local joint venture.
Expanding into the MENA Region
This strategic partnership aims to:
- Facilitate MediSun’s expansion into the MENA (Middle East and North Africa) region.
- Establish two advanced production facilities:
- One for membrane production
- Another for stack production
CEO Insights: Driving Sustainability Forward
Dusun Kim, Founder & CEO of MediSun, highlighted:
“Our zero-brine technology delivers clean, green energy, contributing to a sustainable future. Partnering with Vynn Capital marks a pivotal moment, allowing us to scale operations and introduce our innovations to new markets. We’re committed to addressing critical environmental challenges globally.”
Victor Chua, Founding & Managing Partner at Vynn Capital, emphasized:
“MediSun’s technology tackles water scarcity and supports net-zero carbon goals. This innovation is crucial for industries like mobility and manufacturing, particularly as Southeast Asia plays a larger role in renewable energy. Our investment reflects our belief in MediSun’s vision and commitment to environmental sustainability.”
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