Climate tech firm Humble Sustainability raised additional funds for expansion

Humble Sustainability (Humble), a Philippine-based startup in climate technology, has raised more money to grow its operations and company.

According to a statement released by Humble on Monday, the funding round was spearheaded by the Asia-focused venture capital firm Gobi Partners via the Gobi-Core Philippine Fund (Gobi-Core).

The National Development Company (NDC), a government agency in the Philippines, double River Impact, a quantitatively-driven investment firm, Equitrust Holdings Inc., and a number of prominent strategic corporations and angel investors, including those from XA Network, also took part in the follow-up round.

The funding round comes after Seedstars International Ventures’ highly anticipated Humble seed round in late 2022.

The company’s humble co-founder and CEO, Josef Werker, views bringing on partners and strategically important investors as an exciting milestone.

“We’re so passionate and driven to help the environment in a significant and tangible way, and we won’t stop until we achieve our mission to use business in inspiring humanity to adapt to circular living,” he added.

Creative, sustainable, and meaningful problem-solving is Humble Co-founder and Chief Operating Officer Niña Opida’s mission.

“By connecting my personal experiences and observations with my passions, I am driven to foster a culture of circular living,” she added.

A startup called Humble encourages companies to sell their outdated IT equipment rather than discarding it, which lowers the amount of electronic waste produced and contributes to the circular economy.

Through equipment reuse, they assist clients in achieving their environment, social, and governance (ESG) objectives.

By generating environmental, social, and governance (ESG) funds for donations or financing, Humble’s sustainability mission assists partners in achieving their corporate social responsibility (CSR) objectives.

Humble is committed to achieving its vision of one billion circular items by 2030 and offers its clients data-driven reports and analytics to help them reach their ESG goals.

In order to accomplish their goal, the co-founders and Enzo Pinga, Head of Business Development at Humble, have partnered with top companies since the company’s founding.