SepPure Technologies, a Singapore-based nanofiltration solutions provider backed by 500 Global, has raised $12 million in its Series A round anchored by SOSV, it said in a press release.
The round also saw participation from Anji Microelectronics, RealTech Fund, SEEDS Capital, EPS Ventures, and others.
According to ACRA filings accessed by DealStreetAsia – DATA VANTAGE, SEEDS Capital and another investor chipped in with $2 million, while Anji Microelectronics invested $3.5 million in the round.
SepPure raised $2.55 million in its seed funding round in 2019, which was backed by Silicon Valley-based venture capital firm and accelerator 500 Global. It raised $180,000 in its pre-seed funding round backed by Entrepreneur First, SOSV, and US-based full-stack accelerator for hardware startups HAX in December 2018.
Founded in 2018 by Mohammad Farahani and Amir Taheri, the startup creates a new generation of nanofilters for chemical separation and purification in multiple industries. Many global industries, from food to pharmaceuticals, rely on the science behind chemical separation and purification.
These processes, however, have become one of the world’s largest polluters, accounting for up to 15% of the planet’s entire energy consumption, the startup said.
SepPure’s first commercial deployment is underway in Singapore, where the company’s technology has already been tested for plant-based oil applications with major industrial players. SepPure’s pipeline covers more than 50% of the top ten largest vegetable oil producers in the world, according to the company release.
SepPure’s technology can be used across multiple markets, including food, pharmaceuticals, petrochemicals, and oil and gas.
The company’s origins go back to 2015 when co-founder Farahani started his PhD programme at the National University of Singapore (NUS).
With the help of a grant from the National Research Foundation of Singapore (NRF), Dr Farahani and Professor Neal Tai-Shung Chung, SepPure’s technical advisor and Provost’s Chair Professor at NUS, developed the core technology to separate chemicals in a sustainable manner.