SG Enviro completes Series A round
SG Enviro, a Singapore-headquartered industrial water and wastewater engineering company, has completed its Series A round with backing from Emerald Ventures and Seeds Capital, the investment arm of SG Growth Capital.
Founded in 2018, SG Enviro provides water and wastewater treatment and recycling services, as well as EPC (engineering, procurement, and construction) and operations and maintenance services for industries including oil and gas, palm oil, food and beverage, and anaerobic digestion.
The company will use the funding to expand across Southeast Asia, deepen its presence in Singapore, Malaysia, and Indonesia, enter Thailand, and strengthen its talent base and partnerships. It is also targeting growth sectors including data centers, semiconductors, and pharmaceuticals.
Return Helper raises USD 4 million
Return Helper, a cross-border e-commerce returns solutions provider, has closed a USD 4 million Series A round.
The round brought in Cathay Venture, MLC Ventures, Jun Yue Investment, and Pegatron Venture Capital, alongside returning investor Colopl Next. Return Helper will use the capital to expand in Japan with Mitsubishi Logistics, develop AI agents for automated return decisions, and scale its recommerce business, which focuses on the resale of returned goods.
The company said it operates more than 20 overseas warehouses, works with more than 30 carriers, and supports merchants on platforms including Shopify, Amazon, TikTok, and eBay.
Golden Gate leads IWG’s pre-Series A round
IWG, a Tokyo-based health tech startup, has raised USD 1.8 million in a pre-Series A round led by Golden Gate Ventures through its fourth fund, according to DealStreetAsia.
Antler, an existing investor, also participated, along with radiologist and healthcare entrepreneur Toshihiko Sato. The deal marks Golden Gate Ventures’ first investment in Japan from its fourth fund.
IWG develops software that helps hospitals, clinics, insurers, and other healthcare providers exchange medical information across systems, formats, and languages.
The funding will support the development of its artificial intelligence-powered referral and interoperability platform, team expansion, and growth across Asia.
E3A Healthcare closes Series A and Series A1 rounds
E3A Healthcare, a Singapore-founded medical technology company focused on women’s health, has completed its Series A and Series A1 rounds, according to 36Kr. The funding was led by Kapok Capital, with participation from Watten Capital, Kangaroo Mommy, and Solebay Capital.
Founded in 2019 based on research commercialized from the National University of Singapore, E3A develops noninvasive medical devices and AI-powered health platforms built around multimodal physiological signals and time-series models. Its product portfolio addresses women’s healthcare needs across the lifecycle, including chronic disease management, pregnancy monitoring, labor prediction, and neonatal care.
E3A has also started a new fundraising round to support further expansion in Europe and North America, and to deepen its international commercial footprint.
Recent deals completed in China:
- Volant Aerotech, a developer of eVTOL (electric vertical takeoff and landing) aircraft, has raised nearly RMB 1 billion (USD 147.5 million) in a Series C+ round. The financing was led by China Life Investment, with participation from Minjin Investment, Nio Capital, CoStone Capital, and existing shareholder China Internet Investment Fund (CIIF). China Renaissance and Cygnus Equity served as financial advisors. The new capital will be used to accelerate flight testing, advance airworthiness certification of its flagship VE25-100 aircraft, and strengthen industrial chain integration ahead of planned commercial deliveries in 2027.
- Peelsphere, a Shenzhen-based developer of plant-fiber leather materials, has secured an undisclosed amount of funding from Shenzhen Capital Group (SCGC). The company converts agricultural waste such as coffee grounds, orange peels, and apple peels into sustainable leather-like materials using its proprietary deep eutectic solvent technology platform. The proceeds will be used for new product development and team expansion. —36Kr
- FieldQuantum, a quantum computing startup founded in January, has raised a nine-figure RMB sum through two angel rounds. The raise was led by Innoangel Fund, with participation from CICV, Beijing Industrial Investment, Baidu Ventures, Shuimu Tsinghua Alumni Seed Fund, and Future Capital. It will use the funding to advance its quantum computing platform and expand its technical capabilities. —36Kr
- Qiushui Semiconductor, a micro LED display technology company, has completed consecutive pre-Series A and Series A rounds totaling nearly RMB 200 million (USD 29.5 million). The latest round was led by Aurora Capital, with participation from Tongshang Holding Group, Sharewin Equity Fund Management, Ningbo Talent Development Fund, Fortune+ Ventures, Emergetech, LightChip, and Xingtang Capital. The company develops microdisplay chips and modules for automotive lighting, augmented reality glasses, and projection applications. The proceeds will fund the construction of a hybrid bonding production line and continued R&D. —36Kr
- AromeManpo, an aromatherapy-inspired skincare brand, has secured nearly RMB 100 million (USD 14.7 million) in a Series B round from Eternal Beauty Holdings. Following the transaction, Eternal Beauty will hold a 15% stake in the company’s parent entity. Founded in 2013, AromeManpo combines aromatherapy traditions with botanical science and fermentation technologies across skincare, body care, and fragrance products. The investment is expected to support the brand’s continued expansion and product development. —36Kr
- Wangge Zhiyuan, an AI agent infrastructure developer, has completed angel and angel plus rounds totaling an eight-figure RMB sum. Investors include 5Y Capital and FreesFund, while Yuanhe served as financial advisor. The company is building products to address rising demand for AI agent workloads and token consumption. It plans to use the proceeds for product development and market expansion. —36Kr
- Bybot, an industrial robotics company, has raised an undisclosed amount of funding from Aurotek. China Prosperity acted as exclusive financial advisor. Founded in 2025, Bybot develops embodied AI systems for industrial use, covering software, hardware, data collection, model training, deployment, and maintenance. The investment will support product development and commercialization. —36Kr
- Interstellor, a developer of reusable crewed spacecraft and space tourism systems, has secured RMB 100 million in a pre-Series A round. The financing was led by an undisclosed investor from the internet sector, with participation from Toread, while existing shareholders Zhongtian Fortune and BeFor Capital increased their commitments. The company will use the proceeds to advance the development of its CYZ1 crewed spacecraft, conduct ground testing, and pursue key technology breakthroughs. —36Kr
- Asterra, a developer of astrophotography equipment and intelligent imaging solutions, has raised a seven-figure USD sum from Linear Capital. Encore Capital served as financial advisor. Founded in 2024, the company is developing robotic astrophotography cameras designed to simplify celestial imaging for consumers. The new funding will support product development and commercialization. —36Kr
- CardChic, a trading card publisher focused on Chinese cultural IP, has secured nearly RMB 10 million (USD 1.5 million) in angel funding. Investor information was not disclosed. Founded in 2025, the company produces premium collectible cards based on film, animation, and other Chinese cultural properties. The proceeds will be used to secure new IP partnerships, enhance manufacturing processes, and develop next-generation trading card game products. —36Kr
- Nanoloop, a brain-computer interface (BCI) startup, has completed a seed extension round worth an eight-figure RMB sum from Nanshan SEI Investment. The company is developing noninvasive BCI wearables, including its Nuromova N1 smart sports headband, which combines neural data, multimodal sensing, and AI algorithms to provide performance insights for athletes. The funding will support technology upgrades, product engineering, and market expansion. —36Kr
- Anavi, a developer of electric propulsion systems for recreational watercraft, has raised an eight-figure RMB sum in a second angel plus round from Nanshan SEI Investment. Founded in 2025 by former employees of electric marine propulsion company ePropulsion, Anavi focuses on electric and smart waterborne mobility solutions. The proceeds will be used to expand its R&D and manufacturing teams, establish overseas channels, and prepare beta product deployments. —36Kr
- Funloom, an AI-powered content creation platform, has secured an eight-figure RMB sum in pre-Series A funding. The round was led by the Qinglan Family Office, with participation from Shanghai Angel Group. Existing investors include MiraclePlus and entrepreneur Chen Danian. Founded in 2023, the company develops AI tools for interactive content and game creation. It plans to use the capital to enhance its products and expand its team. —36Kr
- Qiaotian Intelligent Equipment, a Shanghai-based manufacturer of robotic end-effectors and industrial automation equipment, has raised RMB 100 million in a Series A+ round led by the National Industrial Machine Tool Industry Investment Fund. Founded in 2016, the company supplies quick-change systems, magnetic die-changing solutions, grinders, and industrial connectors to automotive manufacturers. The funding will support capacity expansion, technology development, and international growth. —36Kr
Stride, Primer, Variational, and others made recent headlines:
- Stride, a Vietnam-based solar platform operator, raised USD 15 million in a Series B round co-led by Lightrock and Trirec via the Accelerate7 platform. Existing investors Clime Capital’s SEACEF II and UOB Venture Management’s Asia Impact Investment Fund II also participated.
- Primer, a payments infrastructure provider, raised USD 100 million in a Series C round led by Sofina, with participation from Peak XV Partners and existing investors, including Balderton, Accel, Iconiq, Tencent, and Speedinvest.
- Variational, a peer-to-peer trading protocol operator, raised about USD 50 million in a Series A round led by Dragonfly, with support from Bain Capital Crypto, Coinbase Ventures, and other strategic investors.
If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].
Note: RMB figures are converted to USD at rates of RMB 6.78 = USD 1 based on estimates as of June 2, 2026, unless otherwise stated. USD conversions are presented for ease of reference and may not fully match prevailing exchange rates.