MediSun Energy, a Singapore-headquartered company specializing in advanced osmotic (blue) energy technology, has successfully secured $8.75 million in Seed financing round and established a strategic partnership with Southeast Asian venture capital firm Vynn Capital.

The funding consists of $5 million in venture debt and $3.75 million in equity financing, bringing the company’s valuation to $44 million.

In a joint statement on Monday, the parties said this marks one of the significant investments from Vynn Capital’s Mobility and Supply Chain fund, backed by a number of Malaysian institutional investors and other regional limited partners.

The funding round, led by Vynn Capital, attracted several new investors, including MOAJ Holding, a Saudi investment company; Frank Phuan; TNB Aura, a Singapore-based venture capital firm participating through its Scout Initiative; and Ciri Ventures, a climate tech-focused venture capital firm.

On top of this, MOAJ Holding Co. has also committed to investing up to $30 million into Medisun’s Saudi Arabia business to form a local joint venture.

The parties highlighted that this partnership aims to accelerate MediSun’s expansion into the MENA region and further enhance its research and development capabilities. MediSun plans to establish two facilities: one dedicated to membrane production and the other for stack production.

Dusun Kim, Founder & CEO of MediSun, said, “At MediSun, we are dedicated to making the planet greener and better. Our zero-brine technology not only provides clean and green energy but also contributes to a more sustainable future. This partnership with Vynn Capital is a major milestone that will enable us to scale our operations and bring our innovative solutions to new markets.”

Victor Chua, Founding & Managing Partner of Vynn Capital, added, “MediSun’s solutions are crucial in solving water supply chain and scarcity issues while achieving net-zero carbon goals by reducing energy consumption. Over the medium term, we believe such technology can also be crucial for other industries, such as mobility and industrial
sectors, that require innovation in energy management. This is especially important with the narrative of Malaysia and Southeast Asia playing a larger role in the renewable energy sector.”

In addition to supporting MediSun’s growth, Vynn Capital is actively exploring other opportunities and startups in key markets such as Singapore, Thailand, and Indonesia. With Southeast Asia’s water technology market expected to grow significantly, this partnership positions both companies at the forefront of innovation and sustainability in the region.

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