Singapore-based industrial wastewater engineering firm SG Enviro has secured a significant US$5.92 million (SGD 8 million) investment, spearheaded by global climate-tech venture capital firm Emerald Technology Ventures.
The funding is earmarked to facilitate SG Enviro’s expansion into key Southeast Asian markets such as Malaysia, Indonesia, and other regional territories.
Founded in 2018 by environmental engineer Guah Eng Hock, SG Enviro specialises in designing, integrating, and operating industrial wastewater treatment technologies tailored explicitly for Southeast Asia’s unique requirements. Emerald’s investment aligns with its strategic objective of fostering collaborations amongst its diverse portfolio companies and other corporate, aiming to accelerate the adoption of sustainable technologies.
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“We look forward to connecting our global portfolio of water tech entrepreneurs with SG Enviro’s strong execution and operation capabilities,” Dr. Helge Daebel, Head of Emerald’s Water Practice, said. “Together, we can bring world-class solutions to Southeast Asia’s industries – where the need for water resilience has never been more urgent.”
The collaboration is expected to enable SG Enviro to differentiate itself by integrating cutting-edge technologies from other Emerald-backed firms, while simultaneously providing these technology companies with crucial access to the growing yet geographically distant Southeast Asian market through a trusted regional partner.
SG Enviro boasts a robust track record, including successfully deploying a large-scale Advanced Oxidation Process (AOP) at an oil storage facility in Singapore, capable of treating thousands of cubic metres of phenol-laden wastewater daily. The company has also secured contracts for retrofitting biogas wastewater systems at livestock farms and maintains a recurring revenue model through its ongoing operations and maintenance services.
Established in 2000, Emerald Technology Ventures is a VC firm with offices in Zurich, Toronto, and Singapore. The firm manages and advises assets exceeding US$1.08 billion. Emerald’s investment focus is on startups and scale-ups dedicated to tackling major challenges in climate change and sustainability. It is supported by four current funds, hundreds of venture transactions, and five third-party investment mandates, including loan guarantees to over 100 startups.
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