Singapore-based VC firm Integra Partners has participated in the US$7 million funding round of Berlin-based CleanHub, a company stopping plastic from entering the oceans.
Other investors that joined the round are Lakestar, Silence VC, 468 Capital, Übermorgen Ventures, Dan Bartus, and Stefan Gross-Selbeck.
CleanHub — which has a presence in Jakarta, Bangalore, and London — will use the fresh funds to eliminate plastic waste entering oceans and drive systemic change in the waste management industry, enabling the circular economy of plastic.
Founded in 2020, CleanHub aims to prevent 50 per cent of new ocean plastic by 2030 by bringing waste collection systems to coastal regions where they are needed most.
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The firm has developed a track-and-trace system, with each bag of waste weighed, photographed, and monitored through AI and manual checks, ensuring accountability.
“We see climate tech as a key contributor to sustainable, equitable and thriving economies in emerging markets,” said Jennifer Ho, Partner at Integra Partners. “CleanHub’s innovative approach to waste management, coupled with our experience in fintech, creates some really compelling opportunities to tackle the plastic pollution problem in a different way. Their strong presence in Southeast Asia aligns perfectly with our investment strategy.”
In addition to the funding announcement, CleanHub also announced the appointment of Louis Pfitzner as Co-CEO alongside Joel Tasche.
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Image credit: CleanHub
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