Aprisium raised $7 M Series A funding from Deep-Tech Venture Partners, Cocoon Capital
Aprisium, a Singapore-based provider of cutting-edge contaminant detection and monitoring solutions, announced the successful closing of its $7 million Series A funding round, which was significantly oversubscribed.
According to a statement from Aprisium, the round was led by Deep-Tech Venture Partners and Cocoon Capital, with notable participation from Woh Hup and Solisa Peppercorn.
The money raised in the Series A round will be put toward quickening Aprisium’s growth into Southeast Asia, the US, and Europe.
“We are thrilled by the overwhelming support from esteemed investors, which underscores the transformative impact of our deep-tech solutions in contaminant monitoring,
“This funding will accelerate our growth, expand our reach, and enhance our ability to deliver unparalleled solutions across Asia, Europe, and the United States,” said Raghav Narayan, Chief Executive Officer and Co-founder of Aprisium.
“With our innovative technology, we are driving a new era of sustainability, enabling our customers to achieve unprecedented levels of efficiency and profitability,
“Together with our dedicated team, we are not just imagining a better future; we are creating it,” he added.
In 2022, Aprisium was established as a spinoff from the Agency for Science, Technology and Research (A*STAR) by serial entrepreneurs Raghav Narayan and Dr. Lars-Henrik Skjolding as part of the Singapore Deep-Tech Alliance venture building program.
In order to enable continuous and accurate detection of a wide range of contaminants, including heavy metals, inorganic compounds, and organic chemicals like PFAS, the company offers a suite of cutting-edge solutions with on-site, real-time testing capabilities.
“Aprisium’s journey began with the world-class research from A*STAR, and the Singapore Deep-Tech Alliance effectively bridged this innovation with commercial expertise,
“The early backing from Cocoon Capital was instrumental in achieving product-market fit. With this Series A funding, Aprisium is poised to expand globally and lead the market in real-time contaminant detection, driving significant environmental benefits for industries worldwide,” said Nicolas Tabardel from Deep-Tech Venture Partners.
Since Cocoon Capital’s seed investment, Aprisium has performed exceptionally well at a startlingly fast rate, according to Carol Cheung of Cocoon Capital.
“The products and technologies developed by Aprisium will have positive real-world impact and will also enable many critical verticals globally,” she added.
