Chinese artificial heart maker Core Medical Technology has secured $100 million in its Series D round, according to a release on April 24.
Prosperity7 Ventures, a venture capital fund of Saudi oil giant Aramco and several local investment firms, including Loyal Valley Capital, Legend Capital, CoStone Capital, New Alliance Capital, and Delian Capital, joined the round, per the release.
Founded in 2016, the Shenzhen-based firm is engaged in the research and development of innovative medical devices. The firm made news headlines in April after its artificial heart, which was claimed as the world’s lightest and smallest, was successfully implanted into a seven-year-old boy in China using magnetic levitation technology, state media reported.
Less than 100 pediatric heart transplants are performed annually in China, despite a 7-10% of the about 40,000 children hospitalised for heart failure, highlighting the acute demand for artificial hearts catered for children, per the report.
Previously, the firm pocketed 200 million yuan ($29 million) in a Series C extended round led by Loyal Valley Capital in April 2023.
Medical device companies in China raised a total of $845.2 million through the completion of 58 deals in Q1 this year, according to DealStreetAsia’s proprietary data. The deal value was more than three times Q4’s $261.1 million, while the deal count was 56.8% more quarter-over-quarter (QoQ).
CHINA DEAL MONITOR
DealStreetAsia has also compiled a table listing all prominent venture capital transactions in Greater China from April 21 – 27, 2025.
Startup Headquarters Investment size (Million USD) Investment stage Lead investor(s) Other investor(s) Industry/Sector Vertical
Smart Materials Xi'an 6.9 Strategic Investment Bridge Capital Semiconductor N/A
TsIntergy Technology Beijing 27.5 CNCP Kunlun Capital, Hengxu Capital (affiliated with SAIC Motor Corp), Guangzhou Great Power GF Xinde Investment, Guangxi Investment Group, Shengjing Investment Energy Storage & Batteries N/A
SpatiX Shanghai 137.5 B Zhuzhou city Beidou Shikong Industry Fund, Wuxi Bozhi Weilai Industry Industry Fund Gaoliang Capital Business Support Services Robotics & Drones
Waston Rally Shanghai 14 A Vinno Capital, Junke Danmu, Shunwei Capital Xiaomi, Blue Lake Capital, Chentao Capital Automobiles & Parts Electric/Hybrid Vehicles
Operation Robot Shanghai 14 C Jinan International Medical Center Industrial Development, Jinan Huaiyin Guorong Holding Company Sunland Fund Medical Devices & Equipment Robotics & Drones
Largebeam Tech Beijing A Shanghai Growth FOF Semiconductor N/A
QoreTek Hangzhou Sinowisdom Shanghai Xiaomiao Langcheng Investment Management, Chengmei Capital Semiconductor N/A
XinXin TaiJing Technology Wenzhou 1.5* A+ Goldport Capital Semiconductor N/A
Sensemoment Shenzhen 1.5* Pre-A QF Capital Business Support Services Robotics & Drones
iAmetal Beijing CMG-SDIC Capital Energy Storage & Batteries N/A
MiQro Era Hefei Strategic Investment Jiangxi GETO New Materials Corp Materials N/A
CAS Xinzhi Technology Tianjin 1.5 Angel CAS Venture Capital Medical Devices & Equipment N/A
Bytorent Shenzhen 1.5 Initial Shenzhen Timesbole Venture Capital Investment Management, Dongyun Venture Capital Industrial Machinery N/A
Epizyme Biotech Shanghai Strategic Investment Aladdin Biochemical Technology Biotech Biotech
Junion Therapeutics Xiamen 14 A Zhangzhou State-owned Capital Operation Group, Guoxing Investment Pien Tze Huang, Xiamenhai Venture Capital, China Reform Securities Capital, Yingke PE Healthcare Specialist N/A
Future Intelligence Beijing 1.5* Pre-A+ Qiming Venture Partners, Fortera Capital Hardware AI and Machine Learning
Moge Umflow Technology Shantou 1.5* Pre-A Tsing-yuan Capital Chemicals N/A
Shanwan Biotechnology Suzhou 1.5* B Lianyungang Jinqiao Emerging Industry Fund Pharmaceutical Biotech
Sinchin Hangzhou 6.9 B+ Zheshang Venture Capital ZJKF Capital Management Materials N/A
Rsemi Technology Nanjing 14* A Shaanxi Automobile Group, Changjiang Automobile Electronic, Queclink Wireless Solutions, Hangzhou Linkong Industry Fund, Hangzhou Financial Investment Fund, Dahua Technology Automobiles & Parts Electric/Hybrid Vehicles
Ubinexus Shenzhen 14* Pre-A+, A Pre-A+: Plum Ventures, Essential Capital, A: Plum Ventures, Broad Vision Funds, Luxin Venture Capital (affiliated with Shandong Lucion Investment Holdings Group)
Aerospace Space Tech
Hangxin Technology Beijing 1.5* A+ Aerospace Space Tech
Easy-Flow Medical Tech Shanghai 14 A+ SIIC Capital (under Shanghai Industrial Investment Holdings) Industrial Securities Capital, Legend Capital (affiliated with Legend Holdings), Huaie Gaojing Medical Devices & Equipment N/A
Tranrek Aviation Equipment Technology Suzhou 1.5* A Jolmo Capital Suzhou Wuzhong Financial Holdings, Yuanhe Taihuwan Aerospace N/A
AtomForm Shenzhen 1.5* Angel Empyrean Venture Consumer Products 3D Printing
Shunjing Biomedical Technology Beijing 41.3 Hotgen Biotech, Shenzhen Songhe Cell and Gene Industry Private Equity Investment Fund, Fortune Capital, Tongling Chuangjing Kangrun Venture Investment Fund, Beijing Chuangjing Shunze Venture Investment Fund, Lishui Qiaoda Venture Investment Pharmaceutical Biotech
Lingshu Dongli Shenzhen Strategic Investment Fenda Technology Industrial Machinery Robotics & Drones
Meiyin Intelligence Beijing 1.5 Seed G&O Capital Xihu Kechuangtou Healthcare IT HealthTech
EPT Shanghai 1.5* A2 Puhua Capital Zhidao Capital Automobiles & Parts Electric/Hybrid Vehicles
Quanzhi Technology Hangzhou 1.5* Pre-A Cowin Capital Industrial Machinery Robotics & Drones
EA Logistics Shenzhen Strategic Investment Zhejiang Quzhou Intelligent Manufacturing City Automobiles & Parts Electric/Hybrid Vehicles
Spacee Tech Shanghai 14 A (first tranche) Liangxi Kechuang Industry FoF Huafu Investment (under Huafu Securities) Aerospace Space Tech
Jiutian Shugu Wuhan 2.1 Angel Business Support Services N/A
Yunzhong Electronics Technology Chizhou 7.6 Guoyuan Equity (Guoyuan Securities) Semiconductor N/A
National Quantum Technology Guangzhou Initial Yuekai Capital Investment Telecoms N/A
Yingshen Intelligence Hangzhou 1.5* Seed, Seed+ Seed: G&O Capital, Seed+: G&O Capital, XHVC Industrial Machinery AI and Machine Learning
Creave Xi'an Angel CAS Star Xi'an Talent Fund Energy Storage & Batteries N/A
Panex International Nanjing 10* C Vision Knight Capital Pegasus Capital, Enlight Growth Partners, Kam Luen Securities, Shunwei Capital, Puhua Capital Logistics & Distribution N/A
Core Medical Technology Shenzhen 100 D Loyal Valley Capital, Legend Capital, Prosperity7 Ventures, CoStone Capital, New Alliance Capital, Delian Capital Medical Devices & Equipment N/A
RootPath Chengdu 1.5* YuanBio Venture Capital Guanghua Wutong, Sichuan Venture Capital Biotech Biotech
LTZ Therapeutics Shenzhen 40 A+ Zoo Capital 5Y Capital, Lanchi Ventures, Unicorn Capital Partners, Institute for Follicular Lymphoma Innovation, Lapam Capital, GL Ventures Pharmaceutical Biotech
Shang Yue Technology Zhengzhou Pre-A Zhiqu Shubiao, Zhongzi Xintou Business Support Services AI and Machine Learning
Boya Biopharmaceutical Hangzhou 2.8 Hangzhou Healsun Biopharm, Xia Jinqiang (Individual Investor), Heze Pharmaceutical, Hangzhou Xiashenghe, Shen Xiong (Individual Investor), Hangzhou Leiyu Songyong Venture Capital Pharmaceutical Biotech
Guilin Strong Numerical Control Vacuum Equipment Guilin 1.5* A fund under Oriza Holdings Electronics N/A
Synaire Hefei 1.5* Angel Huagai Capital JoyMed Technology, Binhu Investment Group Medical Devices & Equipment N/A
Weizhi Aviation Shenzhen 14 Pre-A China Merchants Venture Capital Management, Liangxi Kechuang Industry Fund GSR United Capital Logistics & Distribution Robotics & Drones
Haier Energy Qingdao 96.1 A SDIC Chuangyi, Kunlun Capital (under China National Petroleum Corp), Rockets Capital, Puchao Capital, Hengxu Capital (affiliated with SAIC Motor Corp) Renewable Energy N/A
Senhe Technology Wuhan 1.5 Angel Kunwu Jiuding Investment Holding Business Support Services N/A
Yangtze Memory Technologies Corp Wuhan 219.5 Hebei Yangyuan ZhiHui Beverage Semiconductor N/A
Flatae Automation Equipment Nanjing 1.5* Pre-A Nan Venture Capital, Xingang Gaotou, Orient Investment Semiconductor N/A
Jurui Zhongbang Technology Beijing 1.5* A+ LingDu Capital Chengdu Science and Technology Innovation Investment Group, Beijing Shunxi Venture Capital Fund Management Semiconductor N/A
Konsemi Hefei 1.5* B Junsan Capital Semiconductor N/A
FutureFab.AI Wuxi 14* A SDIC Venture Capital, Broad Vision Funds Wuhan Jiangxia Ketou Semiconductor N/A
Chengshi Robot Shenzhen 1.5* Weiqiao Guoke Fund Business Support Services Robotics & Drones
Rikomay Huangshi 27.5 Strategic Investment National Green Development Fund Environmental Services N/A
Tu Le Mei Yu Zhongshan 2.8 Angel Real Estate Development & Operating Company Real Estate Tech
