Singapore: Cleantech startup EcoWorth Tech raises $740k seed round

Photo: EcoWorth Tech

Singapore-based clean technology startup EcoWorth Tech (EWT) has raised S$1 million ($740,070) in a seed funding round from technology commercialization and venture building firm Budding Innovations and crowdfunding platform FundedHere.

Of the total funding, Singapore-based FundedHere raised S$300,000 for EWT.

The startup, a specialist in industrial water treatment solutions, will use the investment proceeds to expand its business and trial its products with multinational corporations (MNC).

It is focused on the commercialisation of a wastewater treatment technology called Carbon Fibre Aerogel (CFA) that was developed at Nanyang Technological University. EWT claims that CFA is able to absorb a wide variety of organic material from wastewater and can be manufactured from an array of cellulose-based material such as cotton or waste paper.

Dr Bert Grobben, founder and chairman of EWT, said, “We see a significant opportunity to drive a positive impact on the industrial water and waste treatment industry and, more importantly, society at large. Water shortage is a major global concern due to population growth & industrial usage and our solution addresses these needs and offers waste-to-worth opportunities.”

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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.