Robert Downey Jr’s venture fund invests in SG biotech startup RWDC

Southeast Asia image source from Google Earth

FootPrint Coalition Ventures, a venture fund launched by Hollywood actor Robert Downey Jr, has invested in Singapore and US-based biotech firm RWDC Industries.

The actor, best known for his role as ‘Iron Man’ in a series of Marvel’s movies, launched FootPrint Coalition Ventures on January 28 to focus on investments in sustainable technologies to address concerns such as deforestation and microplastics.

RWDC Industries makes PHA (or polyhydroxylalkanoate), a bio-based alternative to plastic, created by feeding used cooking oil to microbes.  RWDC’s PHA — Solon — is certified by TÜV Austria to be fully biodegradable in soil, water and marine conditions. 

Footprint Coalition Ventures plans to invest in early and sometimes late-stage companies alongside top institutional partners, according to its website. It has backed Paris-headquartered biotech company Ÿnsect, a large-scale producer of mealworm protein, and Seattle-based startup Cloud Paper, a maker of bamboo toilet paper and towels.

In May 2020, RWDC had raised $133 million in a two-stage Series B funding round co-led by venture capital firm Vickers Ventures, energy and resources player Flint Hill Resources, Swiss pension fund CPV/CAP Pensionskasse Coop and Interogo Holding-linked fund International SA.  The round also saw the participation of existing investors Eversource Energy’s pension fund Eversource Retirement Plan Master Trust and venture capital investor WI Harper Group.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.