EcoWorth Tech, a Singapore-based cleantech startup focusing on waste-to-worth solutions for industrial water treatment, secured S$1m in seed financing.
The round was secured from technology commercialization and venture building firm Budding Innovations, and FundedHere, a Singapore-based crowdfunding platform, which raised S$300k in a campaign led by Mr. Geoffrey Boyd.
The company will use the funds to expand its business and trial its products with multinational corporations on an industrial scale.
Founded in 2016 by Dr. Bert Grobben, founder and chairman, and Mr. Andre Stolz, CEO, EcoWorth Tech is a specialist in waste-to-worth industrial water treatment solutions. The company commercializes an innovative, sustainable technology called ‘Carbon Fibre Aerogel’, developed at Nanyang Technological University to treat industrial wastewater.