Luer New Materials
鲁尔新材
Luer New Materials (鲁尔新材) is a Chinese phase-change materials company founded in 2011 that has positioned itself as a platform-level provider of temperature-control solutions . The company specializes in using phase-change materials to maintain precise temperature control — within one degree Celsius — and first commercialized these materials in China with standards benchmarked against German industry norms, according to founder Zhi Xiaohua .
Its breakthrough application was in pharmaceutical cold-chain logistics, where it solved temperature-control pain points for clients including Sinovac, Merck, Eli Lilly, Roche, Johnson & Johnson, and major logistics players like JD.com and SF Express . The technology now spans -80°C to 100°C across multiple material states (solid-liquid, liquid-liquid, and solid-solid), with expansion into carbon neutrality, energy efficiency, industrial applications, and building energy conservation .
Linear Capital led the company's Series A round in 2021 and reinvested in a subsequent A++ round of tens of millions of RMB in 2022, with partner Huang Songyan citing the firm's thesis on new materials and industrial upgrading . The company has been repeatedly highlighted by Linear as a star portfolio company among its European university- and research institute-backed founders .
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Linear Capital's Eindhoven offline networking event — sign up now!
**In late April, Linear Capital's investment team will host an offline entrepreneur meetup in Eindhoven to share the latest updates and insights on China's hard tech investment scene. Harry Wang, founder and CEO of Linear Capital, along with partner Songyan Huang and senior director Xin Wei, will attend the event.** Entrepreneurs, PhD candidates, and postdoctoral researchers are welcome to sign up — whether you're looking to commercialize a research project, have a startup idea, or are simply curious about...
Linear Capital Leuven Offline Exchange Event — Now Open for Registration!
**In late April, Linear Capital's investment team will host an offline entrepreneurship meetup in Leuven, sharing the latest insights and updates on China's hard tech investment landscape. Harry Wang, founder and CEO of Linear Capital, partner Songyan Huang, and senior director Xin Wei will attend the event.** Entrepreneurs, PhD candidates, and postdoctoral researchers are welcome to sign up — whether you're looking to commercialize a research project, exploring a startup idea, or simply curious about the domestic [Chinese] market.
Zhejiang University alumni in Zurich — heads up! Linear Capital vs. Zhejiang University Alumni Association Zurich: April meetup now open for registration!
Last spring, Linear Capital traveled to Europe to visit top universities, tour three major robotics labs, and other key innovation platforms. We got a firsthand feel for the research and frontier technology in developed countries like the UK, France, and Germany, and also had extensive conversations and preliminary discussions with local student organizations and entrepreneurs. In 2024, we'll be expanding our engagement with university groups and alumni networks across Europe through a broader range of formats and partnerships.
Explore Frontier Tech — Linear Capital's April Delft Offline Meetup Awaits
Last spring, Linear Capital traveled to Europe to visit top universities, tour three major robotics labs, and other key innovation hubs. The team got firsthand exposure to cutting-edge research and technology across the UK, France, Germany, the Netherlands, and Switzerland, and also held extensive discussions and preliminary exchanges with local student organizations and entrepreneurs.
Join us in Aachen for frontier tech discussions — Linear Capital's April offline meetup is now open for registration!
**In late April, Linear Capital's investment team will co-host an offline entrepreneurship exchange with the Aachen Chinese Students and Scholars Association, sharing the latest updates and insights on domestic hard-tech investing. Harry Wang, founder and CEO of Linear Capital, partner Songyan Huang, and senior director Xin Wei will attend the event.** Entrepreneurs, PhD candidates, postdocs, and other researchers are welcome to sign up — whether you're looking to commercialize a research project, have a startup idea, or simply
ETH Zurich, again — Linear Capital's Switzerland offline event is open for registration!
Last April, Linear Capital's investment team visited several top labs at ETH Zurich and EPFL in Switzerland, and hosted exchange events with local Chinese organizations. The research environment there and the universities' support for early-stage technology commercialization left a deep impression on us. During these events, we also shared with attending technical entrepreneurs Linear Capital's view on the tremendous opportunity of combining cutting-edge European technological innovation with the domestic market. These observations
Event Registration | Linear Capital's April Munich Offline Meetup — You're Invited!
**In mid-April, Linear Capital's investment team will partner with the Munich Chinese Students and Scholars Association to host an in-person meetup in Munich, sharing the latest insights and updates on domestic hard-tech investing. Harry Wang, Founder and CEO of Linear Capital, partner Songyan Huang, and senior director Xin Wei will attend the event.** Doctoral and postdoctoral researchers, as well as technical entrepreneurs, are welcome to sign up — whether you're looking to commercialize a research project or have a startup idea in mind, we'd love to have you join.
Event Preview | Linear Capital's April Europe Tour Kicks Off — Meet Us IRL If You're Into Frontier Tech!
Europe is one of the world's core regions for technological innovation, and Linear Capital has been closely tracking cutting-edge developments there.
No More 2020-Too, a Hopeful 2023 — Linear Capital's 2022 Year in Review
2022 was a difficult year for many, and the venture capital industry was no exception. Linear Capital has long been bullish on the future of AI integrated with industry and digitalization, but in 2022, uncertainty increased, and even tech investment — long seen as "an oasis in the desert" — was not immune to pessimism. According to data compiled by IT Juzi, both the number and value of investment deals in China's new economy sector declined for two consecutive quarters in the first half of the year, and deal activity remained subdued after the third quarter.
Linear Capital's Series A lead portfolio company **Luer New Materials** has closed a tens-of-millions-of-RMB A++ round, with existing shareholder Linear Capital increasing its stake.
Actively building a temperature-control platform for the phase-change materials industry.









