Wallace Ho17 Sep, 2019
Singapore-based startup Seppure has announced that the company has raised $2.55 million of funding in a seed round led by venture capital firm SOSV.
Other investors in the round include Entrepreneur First, 500 Startups, SGInnovate, Belmond Capital, Rekanext, Nanyang Technological University chairman Koh Boon Hwee, and other prominent angel investors.
Seppure, which was part of SOSV's HAX accelerator program in Shenzhen, creates sustainable solutions for separating chemical mixtures, using nanofiltration technology.
The company aims to utilize the new funds to scale the production of chemical-resistant nanofilters and run industrial-scale pilots with potential customers across multiple industries.
“Much of our current world’s energy resources are consumed in inefficient processes,” said Mohammad Farahani, co-founder and CEO of Seppure.
Seppure also claims that its technology can now be used across multiple industries ranging from food, pharmaceuticals, petrochemicals, and oil & gas.