SG biotech startup RWDC Industries raises $22m to produce biodegradable straws

Photo by Zeny Rosalina on Unsplash

Singapore-based biotech startup RWDC Industries – which produces biodegradable polymers with a potential to replace single-use plastic items –  has raised $22 million in an extended Series A financing round led by Vickers Venture Partners and US institutional investor Eversource Retirement Plan Master Trust.

RWDC’s existing investor WI Harper Group also participated in the round, according to a statement. Vickers and WI Harper last co-led a $13-million Series A2 round in the Singaporean startup six months ago.

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